Annual Report 2023 - ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Group Management Report | Consolidated Financial Statements 183 in EUR million Concessions, protective rights, licenses and development costs Investment grants to third parties Intangible assets in development phase Total Cost 2022 Cost as of Jan 01, 2022 219.6 1,544.5 97.4 1,861.5 Additions 11.5 123.8 75.8 211.2 Disposals -2.2 0.0 -0.3 -2.4 Transfers 6.7 25.5 -32.2 0.1 Cost as of Dec 31, 2022 235.6 1,693.8 140.8 2,070.2 Accumulated depreciation and amortisation as of Jan 01, 2022 -159.8 -296.6 0.0 -456.4 Depreciation and amortisation -17.5 -25.1 0.0 -42.5 Disposals 2.1 0.0 0.0 2.1 Transfers 0.3 -0.7 0.0 -0.4 Accumulated depreciation and amortisation as of Dec 31, 2022 -174.9 -322.4 0.0 -497.3 Carrying amounts before investment grants as of Jan 01, 2022 59.8 1,247.9 97.4 1,405.1 Carrying amounts before investment grants as of Dec 31, 2022 60.7 1,371.4 140.8 1,573.0 Investment grants 2022 As of Jan 01, 2022 -35.6 -686.8 0.0 -722.4 Additions -1.8 -75.6 0.0 -77.4 Disposals 0.1 0.0 0.0 0.0 Transfers 2.1 -3.5 0.0 -1.4 As of Dec 31, 2022 -35.3 -765.9 0.0 -801.2 Accumulated depreciation and amortisation as of Jan 01, 2022 27.0 108.8 0.0 135.8 Depreciation and amortisation 1.7 3.7 0.0 5.4 Disposals -0.1 0.0 0.0 -0.1 Transfers 0.0 0.7 0.0 0.7 Accumulated depreciation and amortisation as of Dec 31, 2022 28.6 113.2 0.0 141.8 Investment grants as of Jan 01, 2022 -8.6 -578.0 0.0 -586.6 Investment grants as of Dec 31, 2022 -6.7 -652.7 0.0 -659.4 Carrying amounts after investment grants as of Jan 01, 2022 51.2 669.9 97.4 818.5 Carrying amounts after investment grants as of Dec 31, 2022 54.0 718.8 140.8 913.6 The average remaining useful life of investment grants to third parties is approx. 37.8 years (py: 33.7 years). Intangible assets under development are intangible assets that were purchased but not yet completed and are not yet in use. Expenditure on research and development amounted to approx. EUR 4.7 million (py: approx. EUR 4.1 million). In the financial year, expenses of approx. EUR 1.9 million (py: approx. EUR 0.8 million) were capitalised as development costs in non-current assets under the item 'Concessions, industrial property rights, licences and development costs'. The additions to the item 'Investment grants to third parties' mainly result from investment grants paid to Galleria di Base del Brennero - Brenner Base Tunnel BBT SE.