Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 169 In June 2024, all shares in the two companies ÖBB Am Hauptbahnhof 2 Beteiligungs GmbH (formerly: RINV HÖSBA Beteiligungs GmbH) and Am Hauptbahnhof 2 Projektentwicklung GmbH & Co KG (formerly: HÖSBA Projektentwicklungs- und – verwertungsgesellschaft m.b.H. & Co KG), whose joint business activities were limited to holding the property “Am Hauptbahnhof 2, 1100 Vienna,” were acquired. As the fair value of the assets of both companies is essentially concentrated in one asset, this is an acquisition of a single asset in a shell company with no business value, meaning that IFRS 3 did not apply and only the acquisition costs needed to be allocated to the acquired assets. The resolution of the National Council of 05.07.2023 regarding the Federal Act on the Transfer of the Infrastructure of Graz-Köflacher Bahn und Busbetrieb GmbH to ÖBB-Infrastruktur AG (GKB-Infrastruktur-Übertragungsgesetz), created the legal basis for merging the rail infrastructure into ÖBB-Infrastruktur AG. Graz-Köflacher Bahn und Busbetrieb GmbH is wholly federally owned. In mid-December 2023, a transitional agreement was signed which – in addition to various mutual rights and obligations (primarily disclosure obligations) – covers the financing of GKB’s infrastructure division from 01.01.2024 until the split is entered in the Commercial Register. The contract takes effect from 01.01.2024, meaning that the date of initial consolidation has been set for that date. No shares in the acquiring company were granted in accordance with Section 1 (2) Federal Act on the Transfer of the Infrastructure of Graz-Köflacher Bahn und Busbetrieb GmbH to ÖBB- Infrastruktur AG (GKB-Infrastruktur-Übertragungsgesetz) and Sections 17 (5) Austrian Demerger Act (SpaltungsG) in conjunction with Section 224 (2) Sentence 2 Austrian Stock Corporation Act (AktG). The transaction is a combination of companies or business operations under common control to which IFRS 3 does not apply. The ÖBB-Infrastruktur Group has decided to continue the carrying amounts and shall apply this accounting principle consistently to comparable transitions. Continuing the carrying amounts of the acquired infrastructure assets provides the best insight into the net assets, financial position and results of operations because it was the Federal Government’s objective to merge the two business operations and not to disclose hidden reserves. 3. Summary of significant accounting and valuation methods Basis of preparation of the financial statements The consolidated financial statements are generally prepared using the amortised cost method. Exceptions to this are derivative financial instruments and equity instruments, which are valued at fair value, and personnel provisions, which are recognised using the PUC method. Property, plant and equipment and investment property Property, plant and equipment and investment property in accordance with IAS40 are recognised at cost less depreciation and any impairment losses. Cost include certain expenses incurred during the construction and expansion of the rail infrastructure network, such as purchase prices, material and personnel expenses, directly attributable fixed and variable overheads, the present value of obligations resulting from the demolition, removal of assets and restoration of sites, as well as borrowing costs, insofar as these are qualifying assets. Turnover tax invoiced by suppliers and entitling the holder to deduct input tax is not a component of acquisition or production costs. Significant parts of an asset are capitalised separately if these parts have a different useful life to the rest of the asset. This is not done if their acquisition costs are insignificant in relation to the total acquisition costs of the asset. Depreciation of property, plant and equipment and investment property is calculated on a straight-line basis over the estimated useful life and recognised in the depreciation and amortisation item in the consolidated statement of profit or loss. Leasehold improvements are also depreciated over the shorter of their estimated useful life or the term of the contract.