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  "notes": "The slide explains the rationale and mechanics of a structural change in financial reporting.",
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      "text": "New segmentation enhances disclosure with improved cost allocation between business units, better reflecting the operation of the business\nImproved reporting transparency, splitting out marketing from other direct admin costs on face of segmental P&L\nImproved allocation of direct & central admin costs, enables Trainline to report adjusted EBITDA for each business unit\nCreated new 'Trainline Solutions' business unit:\n- Absorbing UK and International TPS businesses, as well as costs to run Platform One technology stack\n- Internal fee per transaction payable by UK Consumer & International Consumer businesses to access Platform One, mirroring how B2B and TOC white label clients are charged\n- Transaction fee reflected as contra revenue to UK Consumer & International Consumer (nil impact to Group revenue)\nAdjusted the International segment, moving International TPS business to Trainline Solutions; International is now referred to as 'International Consumer'\nRestated financials for the periods FY2020-FY2022 can be found on our investor website (published 15 Sept' 2022)",
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      "text": "Revised segmentation of business units – September 2022",
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