ÖBB Annual Report 2025

279 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 87 other things based on kilometers covered and service/quality level. Revenue is recognized on the basis of the monthly performance figures collected by the transport company. The subsidiary recognizes the lease agreements for vehicles in accordance with IFRIC 12 Service Concession Arrangements and not in accordance with IFRS 16, and therefore does not recognize a right of use or a separate lease liability in the Statement of Financial Position in relation to these agreements. The rental is supported by debt service guarantees from the purchaser. Receivables from order charges in the amount of the lease payments are assigned to the vehicle lessor in lieu of performance. For this reason, neither lease liabilities nor any resulting receivables from customer payments are recognized. 32. Related party transactions Deliveries to or from related parties Related parties consist of affiliated, not fully consolidated companies of the ÖBB Group, associated companies plus any subsidiaries, joint ventures plus any subsidiaries, the shareholder of ÖBB-Holding AG (Republic of Austria) and its major subsidiaries and key management personnel (members of the Board of Management and the Supervisory Board of ÖBB- HoldingAG and members of the Boards of Management and the Supervisory Boards as well as management executives of fully consolidated subsidiaries of ÖBB-HoldingAG), and close family relations as well as companies related to the members of key management personnel. There are business relationships in place with companies in which the Republic of Austria holds direct or indirect stakes (e.g., Österreichische Bundes- und IndustriebeteiligungenGmbH, OMV Aktiengesellschaft, Telekom AustriaAG, Autobah- nen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft, Schieneninfrastruktur-Dienstleistungsgesellschaft mbH, VerbundAG) and which are also classified as related parties in accordance with IAS24. The transactions pursuant to IAS24 that were carried out with these companies during the two reporting years, and that concerned ordinary transactions in the course of the operating business were of minor significance in overall terms, and amounted to less than 3% of cost of materials and purchased services and less than 2% of revenue. Unpaid invoices from or to these companies on the reporting date are disclosed as trade receivables and trade payables and at this point are no longer treated separately. The following table presents the volume of the transactions carried out between companies included in the Consolidated Financial Statements and related parties during the financial year, as well as the receivables or liabilities resulting from these transactions at the end of the financial year: Associated companies Subsidiaries, not consolidated Members of the Group’s executive bodies and related parties in EUR million 2025 2024 2025 2024 2025 2024 Sale of goods / services (total income) 37.4 39.4 19.4 9.1 4.6 0.4 Acquisition of goods / services (total expenses) 22.9 65.5 4.7 4.0 5.0 0,0*) Trade receivables as of Dec 31 6.5 9.1 3.5 5.8 3.0 0,0*) Allowances on receivables as of Dec 31 0.0 0.0 0.0 0.0 0.5 0.0 Liabilities as of Dec 31 6.4 8.6 1.9 3.4 0.0 0.0 *) Small amount. Transactions with the executive bodies of the Group and related parties and companies are primarily transactions with companies in which members of the Supervisory Board or managing directors or related parties of executive bodies of the ÖBB Group have a controlling influence. Furthermore, no advances or loans were awarded to members of the Board of Management, and no contingent liabilities were entered into to the benefit of any of these individuals. No guarantees or investment grants were issued to or accepted from affiliated, not fully consolidated companies. There were no transactions carried out in both financial years with members of the Board of Management that required disclosure. No guarantees were given to associated companies in the two reporting years. The liabilities and guarantees assumed by the Republic of Austria and the Österreichische Kontrollbank AG are presented in Note 25.