Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 177 Short-term leases and leases based on low-value assets The ÖBB-Infrastruktur Group has made use of the relief not to recognise rights of use and lease liabilities for leases based on assets of low value (up to EUR 5,000.00), short-term leases and intangible assets. The ÖBB-Infrastruktur Group recognises the lease payments associated with these leases as an expense on a straight-line basis over the term of the lease. Lessor The ÖBB-Infrastruktur Group also acts as lessor and classifies each lease as either a finance lease or an operating lease at the inception of the lease. To classify each lease, the ÖBB-Infrastruktur Group has made an overall assessment of whether the lease substantially bears all the risks and rewards incidental to ownership of the underlying asset. If this is the case, the lease is classified as a finance lease; if not, it is an operating lease. In making this assessment, the ÖBB-Infrastruktur Group considers certain indicators, such as whether the lease will last for most of the useful life of the asset. If it acts as an intermediary lessor, the ÖBB-Infrastruktur Group accounts separately for the head lease and the sublease. It classifies the sublease on the basis of its right of use under the head lease, rather than on the basis of the underlying asset. If the head lease is a short-term lease to which the ÖBB-Infrastruktur Group applies the exceptions described above, it classifies the sublease as an operating lease. Lease payments under operating leases are recognised by the ÖBB-Infrastruktur Group as income in revenue on a straight- line basis over the term of the lease. Employee benefit commitments The ÖBB-Infrastruktur Group has only entered into pension obligations granted under individual contracts, including for a former member of the Board of Management. In addition, there are only defined contribution plans for pensions. In this case, the ÖBB-Infrastruktur Group makes payments into private-sector or public-sector pension schemes and employee provision funds on the basis of statutory or contractual obligations. Apart from the contribution payments, there are no further payment obligations. The regular contributions are recognised as personnel expenses in the respective period. All other obligations (severance payments for employees whose employment began before 01.01.2003 and anniversary bonuses) result from unfunded defined benefit plans and are accrued accordingly. In accordance with IAS19 “Employee Benefits”, the ÖBB-Infrastruktur Group uses the projected unit credit method (PUC method) to determine the provision. The remeasurement of net debt includes only actuarial gains or losses. The future obligations are measured according to actuarial principles and are based on an appropriate estimate of the discount factor and the salary increases, as well as the fluctuation. According to this method, the Group recognises actuarial gains and losses from provisions for severance payments in other comprehensive income and from provisions for anniversary bonuses in personnel expenses. As a result of a legal change, employees whose employment in Austria began after 01.01.2003, are subject to a defined contribution plan with respect to severance obligations. Contributions are paid into a defined contribution plan. See Not e26.1 f or further details. Provisions for decommissioning, restoration and similar obligations In accordance with IAS 16 “Property, Plant and Equipment”, the acquisition cost of property, plant and equipment also includes the initial estimated cost of dismantling and removing the item and restoring the site where it is located. Provisions for decommissioning, restoration and similar obligations are measured in accordance with the provisions of IAS 37 “Provisions, Contingent Liabilities and Contingent Assets.” The effects of changes in the measurement of existing decommissioning, restoration and similar liabilities are accounted for in accordance with IFRIC 1 “Changes in Existing Decommissioning, Restoration and Similar Liabilities". The regulations provide that any increase in such obligations reflecting the passage of time should be recognised in profit or loss. Measurement changes resulting from changes in the estimated timing or amount of the outflow of resources required to settle the obligation or from a change in the discount rate are added to or deducted from the cost of the related asset in the current period. The amount deducted from the acquisition cost of the asset may not exceed its carrying amount.