Annual Report 2023 - ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Group Management Report | Consolidated Financial Statements 208 The fair value of electricity purchase forwards as at the reporting date is determined on the basis of European Energy Exchange futures quotations (EEX quotation), which are discounted using current yield curves. The fair values or electricity purchase futures correspond to the EEX quotation. Amounts that are reclassified from other comprehensive income to the profit or loss as well as any ineffectiveness are recognised in the cost of materials. The closed derivatives are forwards for the supply of operating facilities. Once the tender has taken place or the contract is awarded, the quantity originally purchased via the forward is sold by means of an offsetting forward and is thus closed out. The transfer from other comprehensive income to the profit or loss takes place upon delivery. The accumulated other comprehensive income from the electric power forwards designated as cash flow hedges is as follows: See Note 13 for more information on the deferred taxation. 29.4.2. Other electric power derivatives The following table shows the maturity of those forwards that are concluded for hedging purposes but do not comply with the formal requirements of IFRS 9 for cash flow hedges due to, among other factors, fluctuations in the actual volume of consumption. Power derivatives purchases Number of forwards Nominal volume Average exercise price Fair value without hedge relation as of Dec 31, 2023 Purchases MWh in EUR million in EUR million in EUR million Portfolio 277 1,411,701 211.9 -75.9 thereof maturing 2024 269 1,306,581 196.3 150.2 -71.7 thereof maturing 2025 8 105.120 15.6 148.7 -4.2 Power derivatives purchases Number of forwards Nominal volume Average exercise price Fair value without hedge relation as of Dec 31, 2022 Purchases MWh in EUR million in EUR million in EUR million Portfolio 744 1,884,344 423.9 41.6 thereof maturing 2023 600 1,642,004 377.1 229.7 31.8 thereof maturing 2024 143 233.580 45.4 194.4 9.8 thereof maturing 2025 1 8.760 1.3 153.0 0.1 Power forwards in EUR million CFH CFH closed OCI total Deferred tax OCI after tax As of Dec 31, 2021 283.0 6.2 289.2 72.3 216.9 Traction power 204.7 0.0 204.7 51.2 153.6 Forwards for operating facilities 57.2 0.0 57.2 14.3 42.9 Forwards for operating facilities closed -59.5 59.5 0.0 0.0 0.0 Transfer to income statement 2022 -195.7 -4.9 -200.6 -54.8 -145.8 As of Dec 31, 2022 289.7 60.8 350.5 83.0 267.5 Traction power -149.5 0.0 -149.5 -35.9 -113.7 Forwards for operating facilities -24.7 0.0 -24.7 -5.9 -18.8 Forwards for operating facilities closed 4.3 -4.3 0.0 0.0 0.0 Transfer to income statement 2023 -185.9 -52.5 -238.4 -55.5 -183.0 As of Dec 31, 2023 -66.2 4.0 -62.2 -14.3 -47.9