ÖBB Annual Report 2023

227 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 9 Notes to the Consolidated Financial Statements as of 31.12.2023 A. BASIS OF PREPARATION AND ACCOUNTING POLICIES Österreichische Bundesbahnen-Holding Aktiengesellschaft (hereinafter ÖBB-Holding AG for short) and its subsidiaries form the Österreichische Bundesbahnen-Holding Aktiengesellschaft Group (hereinafter ÖBB Group). ÖBB-Holding AG is a joint-stock company founded in 2004 pursuant to Section 2 (1) Federal Railways Act (Bundesbahngesetz) as amended by the Federal Railways Structure Act (Bundesbahnstrukturgesetz BGBl. I Nr. 138/2003) as the parent company of the ÖBB Group, with its registered office in Vienna and 100% of its shares being reserved for the federal government. The shares are managed by the Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology. The address of the registered office is: Am Hauptbahnhof 2, 1100 Vienna, Austria. The ÖBB Group is registered in the commercial register under FN 247642 f at the Vienna Commercial Court. The consolidated financial statements are also filed there. The ÖBB Group presents itself with ÖBB-Holding AG as the strategic lead company, which holds all shares in the three joint stock companies (subgroups) ÖBB-Personenverkehr Aktiengesellschaft, Rail Cargo Austria Aktiengesellschaft and ÖBB- Infrastruktur Aktiengesellschaft (henceforth AG instead of Aktiengesellschaft). The subgroups are now to be named the ÖBB-Personenverkehr subgroup, Rail Cargo Group and the ÖBB-Infrastruktur subgroup. A subsidiary of ÖBB-Holding AG, ÖBB-Infrastruktur AG, is a public interest entity pursuant to Section 189a Z 1 lit a of the Austrian Commercial Code (UGB) and is therefore required to prepare subgroup financial statements in accordance with IFRS, as bonds issued by it are admitted to trading on the regulated market of the Vienna Stock Exchange. The subgroup financial statements of ÖBB-Infrastruktur AG are filed in the commercial register under FN 71396 w at the Vienna Commercial Court. 1. Accounting principles ÖBB-Holding AG is required to prepare consolidated financial statements pursuant to Section 244 of the Austrian Commercial Code (UGB). The consolidated financial statements as at 31.12.2023 were prepared pursuant to Section 245a (2) UGB in conjunction with the “IFRS Regulation” in compliance with the International Financial Reporting Standards (“IFRS”, “IAS”) endorsed by the International Accounting Standards Board (“IASB”) and the interpretations of the International Financial Reporting Interpretation Committee (“IFRIC”, “SIC”), which were effective and endorsed by the European Union as at 31.12.2023 and endorsed by the European Union, as well as the additional requirements of Section 245a UGB. ÖBB-Holding AG presents these consolidated financial statements in accordance with IFRS as exempting consolidated financial statements in accordance with internationally recognised accounting principles pursuant to Section 245a of the Austrian Commercial Code (UGB). The consolidated financial statements are prepared in Euro (EUR). All amounts indicated in these Notes are presented in EUR millions (EUR million) or thousands (TEUR), unless another currency unit is indicated. Rounding differences may occur as the rounded presentation includes figures not shown that are subject to precise internal calculation. In the interest of being reader-friendly, explicit gender-specific spelling has been omitted in some cases. Disclosures on amended and new IFRS regulations The following standards and interpretations were amended or became mandatory for the first time compared to the consolidated financial statements as at 31.12.2022 due to their endorsement into EU law or their coming into effect. Revised and amended standards / interpretations Effective as of 1) essential impact on the Consolidated Financial Statements IFRS 17 Insurance Contracts Jan 01, 2023 no IFRS 17 First time application of IFRS 17 and IFRS 9 Jan 01, 2023 no IAS 1 Disclosures on accounting policies Jan 01, 2023 no IAS 8 Definition of accounting-related estimates Jan 01, 2023 no IAS 12 Deferred taxes relating to assets and liabilities from a single transaction Jan 01, 2023 no IAS 12 International tax reform – Pillar 2 model rules Jan 01, 2023 yes 1) Applicable for financial years starting on or after the date indicated. Amendments to IAS 12 “International Tax Reform – Pillar II Legislation” (Global Minimum Taxation) The amendments to IAS 12 contain a temporary, mandatory and immediately applicable exception to the recognition of deferred taxes resulting from the introduction of global minimum taxation; they also require specific disclosures in the notes on the impact of minimum taxation. Please refer to Note 3 regarding “Income Taxes and Deferred Taxes”.