On 2 October 2018, the group resolved to dispose of the company DISA Assets Ltd and as from that date ceased to depreciate the assets in the company. The sale was completed in the course of 2019.
The cash and bank balances are at the free disposal of the company, with the exception of €134 million (31 December 2018: €155 million).
Accruals and deferred income as at 31 December 2019 amounted to €32 million (31 December 2018: €42 million).
Trade and other payables includes an amount of €6 million (2018: €9 million) relating to ProRail and the Dutch central government.
The deferred income of €738 million (2018: €694 million) consists mainly of amounts for student public transport passes in the Netherlands received in advance and season ticket payments received in advance in the United Kingdom and the Netherlands.
Deposits and bonds (included in Share in bonds) are held in part for the payment of the capital expenditure commitments of €1,312 million.
See the consolidated statement of changes in equity for the movements in equity.
This note contains information concerning the contractual provisions for the Group's interest-bearing loans and other financial liabilities that are measured at amortised cost.
Because financial instruments are used, the Group is exposed to the following risks:
Finance income includes the interest income from monies invested, lease income, gains from the sale of available-for-sale financial assets and gains on hedging instruments that are recognised in the income statement.
The lump-sum payment for wage increases resulting from making the Railway Pensions Fund independent in 1994 is expected to be released up to 2035, and to be credited to the income statement.
The non-current employee benefits comprise: