Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 172 No indicators of possible impairment were identified for either 2024 or 2025 for a CGU, which is why no impairment tests were performed. There is currently no indication of impairment for the CGU Rail Infrastructure due to the following preamble to the grant agreements pursuant to Section 42 Federal Railways Act (Bundesbahngesetz): “ÖBB-Infrastruktur AG is a railway infrastructure company whose tasks are in the public interest and are defined in more detail in Section31 Federal Railways Act (Bundesbahngesetz). The basis for the financing of the company is Section47 Federal Railways Act, according to which the Federal Government must ensure that ÖBB-Infrastruktur AG has the funds necessary to fulfil its tasks and maintain its liquidity and equity, insofar as the tasks are covered by the business plan pursuant to Section42 (6) Federal Railways Act. The commitment regulated by the Federal Government in this provision is implemented specifically in the grant agreements pursuant to Section42 (1) and (2) Federal Railways Act. It is the understanding of the contracting parties that the objective of the grant agreements, irrespective of the respective term of the contract, is to permanently ensure the value of the assets of the ÖBB-Infrastruktur AG subgroup used for the tasks pursuant to Section31 Federal Railways Act, which also complies with the legal mandate of the Federal Railways Act.” More detailed information is provided in the chapter “Service relationships with the federal government, framework plan for infrastructure investments and the Federal Government’s liability” in Note32. Impairment of investments in associated companies and joint ventures Subsequent to the application of the equity method to the carrying amount of the investment, IAS 28.40 and IFRS 11 require an assessment to be made at each reporting date as to whether there is any objective evidence of impairment of the carrying amount. If indicators are identified, the recoverable amount of the investment must be determined in accordance with IAS 36. If impairment has occurred, the investment is to be written down accordingly. Please refer to the above paragraph “Impairment of property, plant and equipment, intangible assets and investment property” for information on any impairment of the shares in the joint venture Galleria di Base del Brennero – Brenner Basistunnel BBT SE and the shares in associated companies. If there are indications of impairment of the investment in the company accounted for at equity, the investment tested for impairment. There is no separate review of the pro-rata goodwill. The impairment test is conducted for the entire carrying amount of the investment. Therefore, impairment losses are not separately allocated to the goodwill included in the carrying amount of the investment, and the impairment can be fully reversed in subsequent periods. Non-current assets and liabilities held for sale and disposal groups held for sale Non-current assets are reclassified as non-current assets held for sale, and non-current liabilities as liabilities associated with assets held for sale, only where a corresponding Supervisory Board resolution has been adopted and a disposal within twelve months is expected. Non-current assets and liabilities held for sale and non-current groups of assets and liabilities held for sale are measured at the carrying amount or the lower fair value less cost to sell. Assets classified as held for sale are not subject to any further depreciation and are recognised as a separate item in the Statement of Financial Position. Gains or losses from the sale of these assets and liabilities are recognised together with the gains and losses from the disposal of property, plant and equipment and intangible assets as other operating income or expenses or in the other financial result, if they relate to investments. Inventories Inventories include, in the first instance, stocks of materials and spare parts used for the company’s own rail network expansion, the maintenance and fault clearance of rail network operations and, in the second instance, properties held for sale. Material stocks and spare parts are valued at the lower of acquisition or production cost and net realisable value, whereby acquisition and production costs are determined using the moving average price method. Net realisable value is determined on the basis of estimated selling prices in the ordinary course of business, less costs of completion and selling expenses. Internally produced inventories and refurbished reusable materials are capitalised at production cost. Appropriate impairments are made for non-current stock material and excessive manufacturing costs attributable to own production. For spare parts and materials, replacement costs are deemed to be the best available measure of their net realisable value. Inventories also include properties no longer used for operational purposes that are being developed for subsequent sale (“properties held for sale”). These are former station and railway facilities as well as service buildings that were used for permanent operations. These include substantial projects such as the areas of the former Südbahnhof and the Vienna North freight terminal, which are being developed on a major scale. These properties held for sale are held for sale in the ordinary course of business, or are in the process of being constructed or developed for sale. Properties held for sale are recognised at cost and subsequently measured at the lower of their carrying amount and net realisable value at the reporting date. The net realisable value is the estimated selling price less the production costs still to be incurred and any costs of disposal.