Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 168 No goodwill is currently recognised in the ÖBB-Infrastruktur Group. Associated companies An associated company is a company over which the Group exercises significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but is not control or joint control over those policies. Investments in associated companies are included in the consolidated financial statements using the equity method unless they are classified as held for sale. They are initially recognised at cost. This is subsequently adjusted for changes in the ÖBB-Infrastruktur Group’s share of net assets after the acquisition date and for losses resulting from impairment. Losses in excess of the carrying amount of the investment in the associated company are not recognised unless there is an obligation to make additional contributions. If the cost of the interest in associated companies held by the ÖBB-Infrastruktur Group exceeds the fair value of the identifiable assets and liabilities of the associate at the acquisition date, the difference is recognised as goodwill in the carrying amount of the investment. If the acquisition costs of the ÖBB-Infrastruktur Group’s share fall below the fair values of the identifiable assets and liabilities at the time of acquisition, the difference is recognised in profit or loss in the period of acquisition. Joint ventures A joint arrangement is an arrangement in which two or more parties, which have joint control, have rights to the net assets of the arrangement. A joint venture is a contractual agreement between two or more partners for an economic activity that is jointly controlled by them. If these rights relate to the net assets of the agreement and not to its assets and liabilities, these joint ventures are included in the consolidated financial statements using the equity method. Composition of and change in the basis of consolidation In addition to ÖBB-Infrastruktur AG, the scope of consolidation includes 15 (previous year: 15) fully consolidated companies and 3 (previous year: 3) associated companies or joint ventures (including one [previous year: one] foreign company), that are accounted for using the equity method, i.e. a total of 19 (previous year: 19) companies. The companies included in the Consolidated Financial Statements are disclosed in Note35. The basis of consolidation is defined to enable the Consolidated Financial Statements to give a true and fair view of the net assets, financial position and results of operations of the ÖBB-Infrastruktur Group. The entities not included in the scope of full consolidation are entities with an insignificant volume of business activities, whose revenue, assets and liabilities – both individually and in aggregate – each account for less than 1% of the corresponding Group amounts. Basis of consolidation Full consolidation Recognised using the equity method Total As of 31.12.2023 14 3 17 thereof foreign companies 0 1 1 Additions 2 0 2 As of 31.12.2024 = 31.12.2025 16 3 19 thereof foreign companies 0 1 1