ÖBB Annual Report 2025

255 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 63 Severance provisions amounting to EUR 3.4 million (py: EUR 2.8 million) will be due in 2026, EUR 11.4 million (py: EUR 11.2 million) in 2027 to 2030 and EUR 64.5 million (py: EUR 70.1 million) after 2030. The average duration is 12.6 (py: 13.4) years. The following sensitivity analysis for the provision of severance payments outlines the effect on the obligations of changes in key actuarial assumptions. In each case, one significant factor was changed, while the others were held constant. In reality, however, it is unlikely that these factors will not correlate. The calculation of the obligation using modified param- eters is carried out analogously to the calculation of the actual obligation according to the projected unit credit method (PUC method) in accordance with IAS 19. A change in the actuarial assumptions would have the following effect: Sensitivity analysis for the Change in assumption Increase in the parameter/ Change in DBO Decrease in the parameter / Change in DBO Provision for severance payments in % 2025 in EUR million 2024 in EUR million 2025 in EUR million 2024 in EUR million Interest rate +/- 0.2 -1.9 -1.8 1.9 1.8 Salary increase +/- 0.2 1.9 1.8 -1.9 -1.8 Anniversary bonuses Employees with a permanent position and certain salaried employees (referred to in the following as “employees”) are entitled to anniversary bonuses. In accordance with statutory and contractual provisions, entitled employees receive two months’ salary after 25 years of service and four months’ salary after 40 years of service. Employees who have at least 35 years of service when they retire also receive a prorated anniversary bonus equivalent to up to four months’ salary. The calculation of the provision was performed actuarially using the PUC method, which is prescribed for measurements in accordance with IAS19. It is based on the biometric actuarial bases of the Aktuarvereinigung Österreichs (the Actuarial Association of Austria) (AVÖ) 2018-P – for male and female employees – actuarial assumptions for pension insurance. The provision is accrued over the period of service with a deduction to reflect employees who leave the company prematurely. Actuarial gains and losses are recognized immediately in profit or loss in the period in which they occur. A provision for anniversary bonuses for the other employees is made in accordance with the stipulations of the applicable collective wage agreement or internal company agreements. The following table shows the components of anniversary bonus costs for the period and the development of the anniver- sary bonuses provision in both reporting years: 2025 2024 in EUR million in EUR million Present value of the commitments as of Jan 1 249.9 262.3 Service cost 14.1 15.1 Interest cost 8.0 8.8 Anniversary bonuses -24.1 -23.8 Changes in the basis of consolidation 0.0 1.0 Actuarial losses (+) / gains (-) -11.7 -10.6 Experience adjustments 0.4 -2.8 Present value of the commitments as of Dec 31 236.5 249.9 The average duration is 8.6 (py: 9.5) years. A change in the actuarial assumptions would have the following effect: Sensitivity analysis for the Change in assumption Increase in the parameter/ Change in DBO Decrease in the parameter / Change in DBO Provision for anniversary bonuses in % 2025 in EUR million 2024 in EUR million 2025 in EUR million 2024 in EUR million Interest rate +/- 0.2 -3.8 -4.0 4.0 4.1 Salary increase +/- 0.2 3.9 4.1 -3.7 -4.0