ÖBB Annual Report 2025

Consolidated Financial Statements 210 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 18 Impairment of property, plant and equipment, intangible assets and investment property Methodology Property, plant and equipment, intangible assets and property with finite useful lives held as financial investments are tested for impairment if events or changes in circumstances indicate that the carrying amount of an asset exceeds its recoverable amount. Assets with an indefinite useful life (especially goodwill) must be tested for impairment at least once a year. In accordance with the provisions of IAS36 “Impairment of Assets,” an impairment loss is recognized if the carrying amount exceeds the higher of fair value less cost to sell or value in use. The fair value less cost to sell corresponds to the amount that can be obtained in an arm’s length sales transaction and is determined in accordance with IFRS13. The value in use corresponds to the discounted estimated future net cash flows that are expected to arise from the continuing use of an asset and from disposal at the end of the useful life. Impairment losses are recognized in the item “Depreciation and amortization” in the Income Statement. The ÖBB Group generally determines the value in use in a first step. If a need for impairment is identified on this basis, it is examined whether the fair value less cost to sell is higher than the calculated value in use. The value in use is determined by estimating the future net cash flows of the cash-generating units (CGUs) based on the business plans that were derived from past results and the best estimates of the Board of Management regarding future developments. Effects from expansion investments were adjusted in the business plans. The business plans (budget 2026 and medium-term plan 2027 to 2031) reflect the expected weighted average growth rates based on the relevant market segments. Cash flow forecasts going beyond the period covered by the business plan are based on steady growth rates for subsequent years. Special effects after the business planning period that were already known at the time of the annual financial statements and could be estimated were taken into account when determining the value in use. If the recoverable amount of the CGU exceeds its carrying amount, no impairment exists for the relevant CGU. If the recoverable amount of the CGU is less than its carrying amount, an impairment loss is recorded for this unit. The impairment loss is allocated first of all to goodwill (if present) and then proportionately to the other assets of the CGU, although the remaining assets of the CGU may not be written down to an amount which is below their recoverable amount. The reductions in the carrying amount represent expenses from the impairment of the individual assets. If there is any indication that an impairment of assets no longer exists, then the impairment must be reversed wholly or partially in net income up to a maximum of the amortized cost. Impairment reversals are not permitted for goodwill. As of the reporting date, the management reviews whether a triggering event for impairment occurred in the reporting year. Structure of the cash-generating units (CGU) and calculation premises Each CGU consists of a part or a number of legally independent companies. The delimitation criteria for the cash-generating units are based on the structure of business operations and correspond to the business areas and business activities. This structure ensures that all material assets of the ÖBB Group are tested for impairment. The entire pool of locomotives of ÖBB-Produktion Gesellschaft mbH is used jointly across the ÖBB Group and allocated to the Cargo CGU and Intermodal CGU of the Rail Cargo Group sub-group and the Passenger Transport CGU of the ÖBB- Personenverkehr sub-group in accordance with their use as part of the impairment test. Cash-generating units of the ÖBB Passenger Transport sub-group The ÖBB-Personenverkehr sub-group consists of five CGUs: “ÖBB Passenger Transport,” which deals with passenger rail transport in Austria, “Postbus,” which deals with bus passenger transport, “iMobility,” which manages a mobility app, “ÖBB Technical Services,” which deals with the maintenance of rail-bound vehicles and “Arverio,” which deals with passenger rail transport in Germany. The delimitation criteria for the CGUs are therefore based on the structure of business operations and correspond to the business areas and business activities of the ÖBB-Personenverkehr sub-group.