Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 171 Grants paid to joint ventures (Galleria di Base del Brennero – Brenner Base Tunnel BBT SE) are recognised in intangible assets in the item “Investment grants to third parties.” As the Federal Government is financing the expansion of the Brenner Base Tunnel in full, it is providing corresponding investment grants ( in the form of a 50-year annuity). These are similarly recognised in intangible assets in the item “Investment grants to third parties” as investment grants received. Goodwill and other intangible assets The ÖBB-Infrastruktur Group does not recognise any significant other intangible assets with indefinite useful lives. Intangible assets with a finite useful life are recognised at cost and amortised on a straight-line basis. Amortisation of intangible assets is calculated on a straight-line basis over their estimated useful lives and recognised in the item depreciation and amortisation in the consolidated statement of profit or loss. As in the previous year, straight-line amortisation is based on the following useful lives in the financial year 2025: Years Investment grants 5–80 Concessions, property rights, licenses 4–20 Development costs 4 Software 2–15 Other intangible assets 5–20 Impairment of property, plant and equipment, intangible assets and investment property Property, plant and equipment, intangible assets and investment property with a finite useful life are tested for impairment if events or changes in circumstances indicate that the carrying amount of an asset is greater than its recoverable amount. The impairment test is performed for all items of property, plant and equipment and intangible assets. In accordance with the provisions of IAS 36 “Impairment of Assets”, an impairment loss is recognised when the carrying amount is higher than the higher of the fair value less costs to sell and value in use. The fair value less cost to sell corresponds to the amount realisable in an arm’s length sale transaction. The value in use corresponds to the discounted estimated future net cash flows that are expected to arise from the continuing use of an asset and from its disposal at the end of its useful life. Impairment losses are recognised in the consolidated statement of profit or loss under “Depreciation and amortisation.” The ÖBB-Infrastruktur Group determines the value in use as it can be assumed that the value in use is above the fair value less cost to sell. If changes in circumstances indicate that the carrying amount of an asset exceeds its recoverable amount, the value in use is calculated as part of the impairment test. The value in use corresponds to the estimated future net cash flows of the cash generating units based on the business plans derived from past results and the Management Board’s best estimates of future developments. The growth rates assumed in the business plans (budget 2026 and medium-term planning 2027 to 2031) reflect the weighted average growth rates based on market estimates. Cash flow forecasts beyond the period covered by the business plan are determined on the basis of a constant growth rate for subsequent years and do not exceed the long-term weighted average growth rate for the industry and country in which the cash-generating unit operates. Should the recoverable amount of the cash-generating unit be higher than the carrying amount, no impairment is recognised. If the recoverable amount of the cash-generating unit is less than the carrying amount, an impairment loss is recognised for this unit. The impairment is first allocated to goodwill (if any) and subsequently to the assets of the cash- generating unit on a pro rata basis, whereby the assets of the cash-generating unit may not be amortised below their recoverable amount. The reductions in the carrying amounts represent expenses arising from the impairment of the individual assets. If there is an indication that an impairment of assets no longer exists, the impairment is to be reversed in the income statement, either in full or in part, up to the amortized cost.