ÖBB Annual Report 2025

77 Group Management Report Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 34 D.4. Monitoring The defined control steps are tested on an ongoing basis and improvements are made where necessary. In addition, selective audits are carried out by Group Audit. Within the accounting process, the ICS is also a fixed component of the audit of the financial statements by the auditors. The Audit Committee of the Supervisory Board monitors the effectiveness of the ICS on the basis of regular reporting by the members of the Board of Management. ESRS 2.GOV-5.36.e D.5. Accounting Extensive standardization was achieved for the preliminary accounting processes. The relevant workflows were transferred to a Group-wide unit for accounting services within the ÖBB Business Competence Center GmbH in 2005. ÖBB-Business Competence Center GmbH provides operational support to ÖBB-HoldingAG in its harmonizing activities through suitably coordinated auditing, evaluation and commenting tasks. Corporate accounting is based on an IFRS Group Manual published and regularly updated by the Accounting department at ÖBB-Holding AG. Key IFRS-based accounting requirements are specified and communicated throughout the Group in this way. The Accounting team is regularly trained on new developments in accounting to avoid any risk of accidental misstatement. All subsidiaries provide comprehensive reporting packages with all relevant accounting data for the preparation of the Consolidated Financial Statements. These are the income statement, statement of financial position, cash flow statement and notes to the consolidated financial statements. The data is audited by local auditors. Tis is performed in compliance with the International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB) and the International Federation of Accountants (IFAC) and with the General Conditions of Contract for the Public Accounting Professions. The audit is concluded with a “Report on the IFRS Group Reporting Package.” This report has to be submitted in order for the respective reporting package to be processed. This external control system constitutes a supporting element of the ICS. The Supervisory Board is informed about the economic development of the Group in regular intervals, in particular within the framework of the mandatory audit committee of ÖBB-HoldingAG, by means of consolidated presentations. D.6. Sustainability reporting The internal controls for sustainability reporting are integrated into the Group-wide ICS. The key risks associated with sustainability reporting include the completeness and accuracy of the data, the estimation methodology and the availability of information. In addition, clear system boundaries must be defined in order to avoid double counting. These risks are addressed by structured internal controls, a uniform approach within the Group and standardized reporting processes. The consolidation logic is based on the schedule of investments, which ensures that system boundaries are adhered to and a uniform understanding of the collection of key figures is guaranteed. Quality assurance measures support compliance with these requirements. ESRS 2.GOV-5.36.c MR34 |