ÖBB Annual Report 2025

213 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 21 If there are indications that the investment in the company accounted for using the equity method is impaired, the carrying amount is tested for impairment. The proportionate goodwill is not tested separately. The test is performed for the entire carrying amount of the investment. Impairments are therefore not allocated separately to the goodwill included in the carrying amount of the investment and can also be reversed in full in subsequent periods. Non-current assets and liabilities held for sale and groups of assets and liabilities held for sale A reclassification from non-current assets to non-current assets held for sale and from non-current liabilities to non-current liabilities held for sale only takes place if a corresponding resolution has been passed by the Supervisory Board and a sale is also expected within twelve months. Non-current assets and liabilities held for sale and non-current groups of assets and liabilities held for sale are measured at the lower of carrying amount or fair value less costs to sell. Assets classified as “held for sale” are not depreciated and reported in a separate line item in the Statement of Financial Position. Gains or losses from the sale of these assets and liabilities are recorded together with the gains or losses from the disposal of property, plant and equipment and intangible assets as other operating income or expenses or, in case of an investment, in the other financial result. Further details are provided in Note 19. Financial instruments Recognition and derecognition Financial assets and liabilities are recognized when the ÖBB Group becomes a party to the contractual provisions of the financial instrument. Financial assets are derecognized when: – all the contractual rights to the cash flows from the financial asset have expired or been settled or – all risks and rewards arising from the asset have been transferred to another party or – the power to control the financial asset has been transferred to another party in its entirety. A financial liability may only be derecognized from the statement of financial position when it has been extinguished, i.e., when the contractual obligation has been settled or cancelled or has expired. Regular purchases and sales of financial assets are recognized at the settlement date (date of fulfilment), derivative financial instruments are recognized at the date of conclusion (trade date). Financial assets and liabilities are initially recognized at the fair value of the consideration given or received. Transaction costs are included in the initial recognition, except in the case of financial instruments measured at fair value through profit or loss. Classification and measurement of financial assets The ÖBB Group classifies financial assets in the following categories: – Measured at amortized cost – Measured at fair value through equity (FVOCI) – Measured at fair value through profit or loss (FVTPL) The classification and measurement of financial assets with borrowing characteristics depends on the company’s business model for managing financial assets and on the contractual cash flows. The ÖBB Group only reclassifies debt instruments if the business model for managing these types of assets changes. As the ÖBB Group does not currently hold any debt instruments at fair value through profit or loss, there is no further expla- nation. Debt instruments measured at amortized cost A debt instrument is measured at amortized cost if both of the following conditions are met: