ÖBB Annual Report 2023

Consolidated Financial Statements 236 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 18 More detailed information for CGUs subject to an impairment test in the reporting period or in the previous year is provided in the table below: For the cash-generating units of ÖBB group RCG subgroup – Cargo *) RCG subgroup – Intermodal Cargo *) RCG subgroup – TS-HU PV subgroup – Postbus Reporting year 2023 Before tax Interest rate 2024 – 2029 8.4% 9.2% 9.8% 6.1% Interest rate perpetuity 6.4% 7.2% 7.8% 6.1% Growth – perpetual annuity 2.0% 2.0% 2.0% 0.0% Accumulation rate 29.4% 24.8% 22.3% 0.0% After tax Interest rate 2024 – 2029 6.8% 8.1% 9.0% 5.0% Interest rate perpetuity 4.8% 6.1% 7.0% 5.0% *) Specific risk premiums were taken into account for the cash flows in Austria, Hungary, the Czech Republic, Russia, China and Slovakia. The discount rates shown represent the weighted cost of capital of the CGU. For the cash-generating units of ÖBB group RCG subgroup – Cargo *) RCG subgroup – Intermodal Cargo *) RCG subgroup – TS-HU PV subgroup – Postbus Reporting year 2022 Before tax Interest rate 2023 – 2028 8.4% 9.1% n/a n/a Interest rate perpetuity 6.4% 7.0% n/a n/a Growth – perpetual annuity 2.0% 2.1% n/a n/a Accumulation rate 29.3% 25.9% n/a n/a After tax Interest rate 2023 – 2028 6.9% 8.0% n/a n/a Interest rate perpetuity 4.8% 5.9% n/a n/a *) Specific risk premiums were taken into account for the cash flows in Austria, Hungary, the Czech Republic, Russia, China and Slovakia. The discount rates shown represent the weighted cost of capital of the CGU. n/a not applicable The pre-tax discount rates shown were calculated retroactively using the internal rate of return method and are provided for information purposes only. The determination of the value in use of the CGUs, however, is based on the after-tax discount rates. Intra-group transfer pricing based on estimates in line with the market of the companies involved was taken into account in the cash flow forecasts. In the Section “b. Impairment losses and reversals of impairment losses”, the result of the impairment tests for the two reporting years is presented in Note 3. Notes 14 and 15 present the effects of the impairment test on property, plant and equipment and intangible assets, respectively. 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 a review at each reporting date to determine whether there is objective indication that the carrying amount is impaired. If indicators are identified, the recoverable amount of the investment must be determined in accordance with IAS 36. If there is an impairment loss, the investment must be written down accordingly. If associated companies or joint ventures are affected by the impairment, then it is recognised in the item “Result from companies accounted for using the equity method”. 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 Base Tunnel BBT SE and the shares in associated companies. If there are indicators that suggest an impairment of the investment in the company accounted for using the equity method, the carrying amount is then reviewed for impairment. The proportionate goodwill is not audited separately. The review is performed for the entire carrying amount of the investment. Impairment losses are therefore not allocated separately to the goodwill included in the carrying amount of the investment and can also be fully reversed in subsequent periods.