ÖBB Annual Report 2023

Consolidated Financial Statements 244 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 26 The services rendered are invoiced monthly retrospectively. The record of accounting for the month of December takes place in the year of delivery. No accruals or deferrals are therefore required. Energy deliveries and network usage charges The performance obligation of the ÖBB-Infrastruktur subgroup consists of the supply of traction current to power traction units, auxiliary operations, wagon equipment and customers’ fixed installations. A distinction is made between annual order quantities, repeat order quantities and short-term order quantities. Furthermore, the traction current network of the ÖBB-Infrastruktur subgroup is made available for the supply of traction current. The network usage charge is invoiced in accordance with the applicable network usage conditions. The charges are published annually by ÖBB-Infrastruktur AG in conformity with the law. The transaction price is specified in the contracts. The fixed contracted quantity is determined for peak and off-peak tariffs as well as for energy recycling, based on the notification by the customers. The energy price per MWh is determined for these peak and off-peak tariffs. The agreed tariffs are the stand-alone selling prices. This is the respective price at which the ÖBB-Infrastruktur subgroup also sells this service to all other customers. The network charge in particular is a regulated price with no possibility of any divergence. All performance obligations are provided at the same time as the supply of energy, which is why there is no need to apportion the transaction price. The supply of traction power and the service of network utilisation and conversion are continuous, i.e. the customers receive the benefit of the company service and use the service while it is being provided. The transfer of control takes place at the time of utilisation by the customers. The services rendered are invoiced monthly retrospectively. The record of accounting for the month of December takes place in the year of delivery. No accruals or deferrals are therefore required. Rental revenue Rental income is recognised for the letting and leasing of properties and cars and is allocated to IFRS 16. These are fixed- price contracts for which revenue is recognised in the reporting period in which the services take place. The customer receives and consumes the service at the same time. Rents are recognised on an accrual basis in accordance with the provisions of the relevant agreement. Turnover rents are rents that are charged depending on the turnover generated by the tenant and are realised when it is possible to determine the amount of income with sufficient reliability. Proceeds from realisation properties Realisation properties relate to properties that are no longer used for operational purposes and are being developed for subsequent sale. These are former station and railway facilities that were used for permanent operations. These include substantial projects such as the areas former Südbahnhof, the Vienna North freight terminal and the Nordwestbahnhof, which are being developed on a major scale. Proceeds are recognised when authority to dispose over the property transfers to the customer. The sales proceeds correspond to the contractually agreed transaction price. In most cases, the consideration is due when the legal title is transferred. In rare cases, deferment of payment may be agreed, but generally not to exceed twelve months. No significant financing component is therefore taken into account in the transaction price. Rail Cargo Group subgroup The Rail Cargo subgroup’s turnover with external customers is predominantly generated from freight transport services, public services and the leasing of vehicles. Freight transport services are transport services of goods in freight wagons by rail or forwarding services, whereby all services are based on contracts. Transport services by rail are provided as single-wagon transport or block trains, depending on the extent of the transport order. Waybills are the basis for rail transportation. These are transport documents that contain all relevant data from the place of dispatch and receipt to the type of goods, the weight and the customer tariff. Invoicing to the customers is effected directly after the service has been rendered by means of an integrated automatic invoicing program. The customer agreement forms the basis for invoicing. A customer tariff is used to agree on the invoicing conditions, such as volume and distance components, as well as the corresponding prices. More than 60% of the payment is received immediately after invoicing, the rest after a maximum of 30 days.