9. Infrastructure levies and franchise fees

Accounting policy

Adjustment mechanisms for main rail network franchise

The implementation agreement with the Ministry of Infrastructure and Water Management includes a number of adjustment mechanisms for determining the franchise price. The adjustment relating to the average profitability during the franchise is recognised as a receivable when the right arises in accordance with the calculation system, as laid down in the implementation agreement. The adjustment is recognised on a straight-line basis over the term of the franchise. Other payments, one-off or otherwise, under the agreement are recognised on a straight-line basis over the term of the franchise.