Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 176 Provisions Provisions are recognised when the ÖBB-Infrastruktur Group has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the provision. The amount of the provision recognised is the best estimate of the consideration required to settle the present obligation at the end of the reporting period. Inherent risks and uncertainties associated with the obligation are to be taken into account. If a provision is measured on the basis of the estimated cash flows for the settlement of the obligation, these cash flows are to be discounted if the interest effect is significant. If it can be assumed that some or all of the economic benefits required to settle the provision will be reimbursed by a third party, the corresponding right to reimbursement is recognised as an asset if reimbursement is virtually certain and the amount can be estimated reliably. See Not e26.2 f or further details. Leases Lessee At the inception of the contract, the ÖBB-Infrastruktur Group assesses whether the contract constitutes or contains a lease. This is the case if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract contains the right to control an identified asset, the ÖBB- Infrastruktur Group uses the definition of a lease in accordance with IFRS 16. On the commencement date, the ÖBB-Infrastruktur Group records an asset for the right of use granted and a lease liability. The right of use is initially measured at cost, which is equal to the initial measurement of the lease liability, adjusted for payments made on or before the commencement date, plus any initial direct costs and the estimated costs of dismantling or removing the underlying asset or the site on which it is located, less any incentives received under the lease. Subsequently, the right of use is amortised on a straight-line basis from the commencement date to the end of the lease term unless ownership of the underlying asset is transferred to the ÖBB-Infrastruktur Group at the end of the lease term or the cost of the right of use reflects the fact that the ÖBB-Infrastruktur Group will exercise a purchase option. In that case, the right of use is amortised over the useful life of the underlying asset, which is determined in accordance with the rules for property, plant and equipment. In addition, the right of use is continuously adjusted for impairment where necessary and adjusted for impairment where necessary and adjusted for certain remeasurements of the lease liability. Upon initial recognition, the lease liability is measured at the present value of the lease payments not yet made at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the ÖBB-Infrastruktur Group's incremental borrowing rate. The lease payments included in the measurement of the lease liability comprise: – fixed payments, including de facto fixed payments; – variable lease payments that depend on an index or a (interest) rate, initially measured using the index or (interest) rate in effect at the commencement date, – amounts expected to be paid under a guaranteed residual value; and – the exercise price of a call or renewal option if the ÖBB-Infrastruktur Group is reasonably certain to exercise it, and penalties for early termination of the lease unless the ÖBB-Infrastruktur Group is reasonably certain it will not terminate the lease prematurely. The lease liability is measured at the amortised carrying amount using the effective interest method. It is remeasured if future lease payments change due to a change in an index or (interest) rate, if the ÖBB-Infrastruktur Group adjusts its estimate of the expected payments from a guaranteed residual value, if the ÖBB-Infrastruktur Group changes its estimation regarding the exercise of a purchase, extension or termination option, or if a de facto fixed lease liability changes. If the lease liability is remeasured in this way, the carrying amount of the right of use is adjusted accordingly or, if the carrying amount of the right of use has been reduced to zero, the adjustment is recognised in profit or loss. In the Statement of Financial Position, the ÖBB-Infrastruktur Group reports rights of use that do not meet the definition of an investment property under property, plant and equipment, and lease liabilities under financial liabilities.