For those who are interested
Rock Rail South Western Plc 2022 results have been released.
SWR paid them 10.1m in leasing charges as they are liable for leasing charges whether the trains are in use or not.
Looking at note 1.2, it is clear if SWR are liable for lease charges, even if not using the accepted 701s, then SWR must be paying out twice if they are also sub leasing back 707s and leasing 455s at same time.
Additionally they received another 67.2m in liquidated damages from Alstom (61m in 2021) . No specific item or note that suggests they are handing over any compensation to SWR though although maybe reflected through lower leasing charges.
There is a comment in note 2 about a £0.9m rebate (down from £6m in 2001)
They accepted 26 further 10car units during the year so things have move on a pace since then if now at 42. Also leases are only to Aug24 but with an option to extend by an additional 11 railway periods so co terminus with current NRC expiry of June 2025.
Note 8, fixed assets shows £393m of assets transferred from under construction to finished, so now £426m of finished trains.
Note 9 has £55m of other debtors, presumably Bombardier (now Alstom), Derby owe them that, but hadon't paid up by 31st December. Anything owed from their customer (SWR) would presumably be Trade Debtors.
Note 15 Financial commitments says still need to pay for £262m of contracted rolling stock (down from £430m in 2021). If you read this injunction with note 8 suggests bought about 70% of the fleet as at 31st December. As we know number of trains accepted (only 29 at December), they have made hefty stage payments on unaccepted one's and they are being included to get near to about 70% in the assets. Should debunk any wild theory that balance of order might be cancelled.