(1)This section applies to any business carried on by London Regional Transportor any subsidiary of theirs which is a business of providing services for the carriage of passengers by road [F1other than local services (within the meaning of the Transport Act 1985)].
(2)In the case of any business to which this section applies, the annual report of London Regional Transport under section 34 of this Act for any accounting year shall include a statement of—
(a)the amount, as determined by London Regional Transport, of the turnover of London Regional Transport or (as the case may be) of the subsidiary in question for that year in respect of that business;
(b)the extent or approximate extent (expressed in either case in monetary terms) to which, as so determined, the carrying on of that business contributed to, or restricted, the profit or loss of London Regional Transport or of that subsidiary for that year before taxation; and
(c)the method by which any determination for the purposes of paragraph (a) or (b) above was arrived at.
Textual Amendments
F1Words substituted by Transport Act 1985 (c. 67, SIF 126), s. 139(2), Sch. 7 para. 24
Textual Amendments applied to the whole legislation
F2Act repealed (prosp.) by 1999 c. 29, ss. 423, 425(2), Sch. 34 Pt. II (with Sch. 12 para. 9(1))