Following today's agreement, this impairment provision will be released and will be credited to the income statement as an adjusting item in the Group's accounts for the year to 31 March 2021. The TPE agreement is the final termination agreement for the Group's train operating companies and follows the agreements reached for a FirstGroup contribution on South Western Railway of £33.2m and of nil on the West Coast Partnership (comprising Avanti West Coast and the HS2 shadow operator role), announced on 10 December 2020. Following this agreement, the Group is working towards agreeing directly awarded National Rail Contracts for each of the West Coast Partnership, TPE and SWR with the DfT. These will come into effect by the end of their respective ERMAs, when the pre-existing franchise agreements will terminate. This settlement reduces the overall financial risk within the First Rail portfolio.