ÖBB Annual Report 2025

283 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 91 thousand). This includes entitlements from prior periods and remuneration in kind. In addition, payments of statutory contributions to the employee pension fund of EUR 21 thousand (py: EUR 19 thousand) and payments to a pension fund of EUR 48 thousand (py: EUR 48 thousand) were made in the reporting year. Compared to the prior year’s total of EUR 263 thousand, provisions for vacations increased by EUR 50 thousand to EUR 313 thousand. The current employment contracts do not provide for any severance payment obligations. The provisions relating to target agreements as of December 31, 2025 amount to EUR 371 thousand (py: EUR 419 thousand). The total remuneration of the members of the Board of Management is composed of a fixed, variable, and in-kind com- ponent. The amount of the variable annual component is subject to the achievement of objectives agreed with the Executive Committee of the Supervisory Board at the beginning of each financial year. ESRS 2.GOV-3.29.a, e The employment contracts of top executives (members of the Management Board of the parent company and subsidiaries and managing directors of companies at similar levels) include a performance-related component, which means that the company’s success is significantly reflected in their remuneration. The senior executives generally receive performance- based compensation amounting to 25–50% in addition to their base salary. At the beginning of each financial year, an individual score card is developed for each company for the purpose of agreeing upon clearly defined, mainly quantitative economic and social and targets. The targets are based on the success, strategy and focal points of the entire Group or sub-group as well as individual overall performance. Up to 70% of variable compensation within the ÖBB Group was linked to sustainability-related performance metrics. These performance metrics for 2025 cover safety, punctuality, customer sat- isfaction, IT security, and employee surveys. The variable salary components actually paid out are already included in the above-mentioned remuneration of the members of the Management Board. ESRS 2.GOV-1.22.d; ESRS 2.GOV-3.29.a, b, c, d, e The members of the Board of Management of ÖBB-Holding AG participate in an external defined-contribution pension fund scheme, except for members of the Board of Management who are seconded for the time of their activity in the Board within a definite ÖBB employment relationship in accordance with the general terms and conditions for employment with Austrian Federal Railways (AVB). The Company itself assumes no pension commitments. The vested rights and enti- tlements of the members of the Board of Management in the event that their function or employment relationship is terminated are based on the corresponding provisions in the Staffing Act ( Stellenbesetzungsgesetz ). There are no claims that go beyond this. Remuneration of members of the Supervisory Board In accordance with the rules of procedure for the Supervisory Board of ÖBB-HoldingAG, the members of the Supervisory Board may receive remuneration. The basic remuneration for a Supervisory Board mandate remained unchanged from the prior year at EUR 14 thousand per year. In addition, each Supervisory Board member received an attendance fee of EUR 800 for each meeting of the Supervisory Board, the Executive Committee or any other committee. Chairs of a Supervisory Board received double the basic remuneration, deputy chairs of ÖBB-HoldingAG received one and a half times the basic remu- neration. Members of the Supervisory Board, members of the Management Board, managing directors, employee representatives, and employees of the ÖBB Group do not receive any Supervisory Board remuneration. Remuneration and attendance fees for the 2025 financial year are already paid out on an ongoing quarterly basis, with resolutions on this being passed retrospectively at the 2026 Annual General Meetings for the prior financial year. The remuneration of the members of the Supervisory Board does not contain any incentives linked to sustainability-related performance indicators. ESRS 2.GOV 3.29.b The Supervisory Board remuneration of the shareholder representatives on the Supervisory Board of ÖBB-HoldingAG for their activities at ÖBB-HoldingAG and other Group companies amounted to EUR 353 thousand (py: EUR 359 thousand). The remuneration of the other members of the Supervisory Boards of the Group companies amounted to EUR 279 thou- sand (py: EUR 270 thousand). 33. Notes to the Statement of Cash Flows The Statement of Cash Flows shows the change in cash of the ÖBB Group from inflows and outflows of funds in the reporting year. The Statement of Cash Flows is divided into cash flows from operating activities, from investment activities and from financing activities. Operating parts of the Cash Flow Statement are presented using the indirect method. Liquid funds include cash and cash equivalents (see Note22), as well as other current financial liabilities and liabilities to banks amounting to EUR 22.4 million (py: EUR 8.3 million), which are due on demand and therefore meet the requirements of IAS7 for classification as part of cash and cash equivalents. The part of the interest payment that is capitalized under IAS23 as part of the cost of qualified assets is included in operating cash flow. The federal subsidies totaling EUR 156.2 million (py: EUR 136.0million) received in this connection are also recognized in operating cash flow under changes in liabilities from trade payables and other liabilities and accruals and deferrals. The main non-cash transactions primarily relate to changes in former and current CBL transactions and the reversal of deferred income due to finance lease transactions. The equity effect of EUR 2.7 million resulting from the contribution in 2024 of the Graz-Köflacher Bahn und Betriebs GmbH infrastructure sub-operation by the federal government is made up of the acquisition of assets amounting to EUR 54.4 million, cash and cash equivalents of EUR 0.1 million and liabilities of EUR 51.8 million.