Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 173 Financial instruments Recognition and derecognition Financial assets and liabilities are recognised when the ÖBB-Infrastruktur Group becomes a party to the contractual provisions of the financial instrument. Financial assets are de-recognised as soon as – all rights to cash flows from the financial asset have expired or been settled, or – all risks and rewards resulting from the asset have been transferred to another party, or – the power of disposal over the financial asset has been transferred in its entirety to another party. A financial liability may only be de-recognised if it has been repaid, i.e. if the obligation specified in the contract has either been settled, cancelled or has expired. Purchases and sales of financial assets are recognised on the settlement date, derivative financial instruments are recognised on the trade date (trade date). Financial assets and liabilities are initially recognised at the fair value of the consideration received or provided. Transaction costs are included in the amount initially recognised, except for financial instruments measured at fair value through profit or loss. Classification and measurement of financial assets The ÖBB-Infrastruktur Group classifies financial assets into the following measurement categories: – measured at amortised cost – measured at fair value through other comprehensive income (FVOCI) – measured at fair value through profit or loss (FVTPL) The classification and measurement of debt financial assets depend on the company’s business model for managing the financial assets, and on the contractual cash flow characteristics of those assets. The ÖBB-Infrastruktur Group only reclassifies debt instruments if the business model for managing such assets changes. As the ÖBB-Infrastruktur Group currently does not hold any debt instruments at fair value through other comprehensive income, no further explanation is provided. Debt instruments measured at amortised cost A debt instrument is measured at amortised cost if both of the following conditions are met: – The asset is held within a business model whose objective is to collect the contractual cash flows from the assets held. – The contractual terms of the financial asset give rise on specified dates to cash flows that are solely repayments of principal and interest on the principal amount outstanding. Interest income from these financial assets is recognised in net financial income using the effective interest method. Trade receivables, other receivables and financial assets (e.g. securities) are valued at amortised cost less impairment. Cash and cash equivalents The ÖBB-Infrastruktur Group recognises cash on hand, bank balances with remaining terms of up to three months from the date of acquisition and balances with the affiliated company ÖBB-FinanzierungsserviceGmbH, which handles liquidity management between the companies of the ÖBB Holding Group, as cash and cash equivalents. Money market investments with maturities of more than three months are recognised together with collateral as current other financial assets. Cash and cash equivalents less current liabilities to ÖBB-FinanzierungsserviceGmbH are included in the cash and cash equivalents for the statement of cash flows. Trade receivables Trade receivables are recognised from the date on which they arise. Any unconditional right to receive the transaction price is recognised as a receivable. Trade receivables without a significant financing component are initially measured at the transaction price. Equity instruments measured at fair value through profit or loss The Group measures all equity instruments held at fair value through profit or loss. Debt instruments measured at fair value through profit or loss A debt instrument that is neither measured at amortised cost nor at fair value through other comprehensive income is measured at fair value through profit or loss. The ÖBB-Infrastruktur Group does not hold any debt instruments that are recognised at fair value through profit or loss.