ÖBB Annual Report 2023

245 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 27 In addition to rail transport, forwarding services also include additional services such as pre-carriage and onward-carriage by truck, container lifts, interim storage, customs clearance, etc. Invoicing takes place immediately after the contractual service is rendered. Invoices are payable within 30 to 45 days. Services of general economic interest comprise income from charges contractually agreed with the Republic of Austria for services in the production forms of single-wagon transport, unaccompanied combined transport and “rolling highway”. The payments are made as monthly down payments, the year-end settlement takes place in the following year. All of the above performance obligations have in common that they will be predominantly realised at a certain point in time. Revenue from the leasing of vehicles relates to the use of the Group’s own freight wagons by other railway administrations within the framework of the RIV agreement for the international exchange of freight wagons (Regolamento Internazionale die Veicoli). International settlement takes place in the following months. Royalties such as rents are recognised on an accrual basis in accordance with the provisions of the relevant agreement. ÖBB-Personenverkehr subgroup Tariff revenues Customers have the option of purchasing tickets that entitle them to use the services of the ÖBB-Personenverkehr subgroup. This applies to national and foreign journeys with ÖBB by bus and train. The invoice for the ticket is generally due immediately in accordance with the “Handbook for Travelling with ÖBB in Austria”. If customers opt for a customer card, the invoice is due at different times depending on the type of contract. The ÖBB-Personenverkehr subgroup defines the allocated amounts and records the actual kilometres covered in the period if it is probable that the customers have redeemed the tickets. Customers have the opportunity to purchase customer cards with an extended validity period (up to one year). Revenues from the customer cards are allocated to the individual regions with a specific key, and for the individual periods of a year. Revenue is deferred on the liabilities side of the statement of financial position to the extent that it is income for a specific period after that date. Federal government public service compensation The traffic service orders federal government result from the public service contracts concluded with Schieneninfrastruktur Dienstleistungsgesellschaft mbh (SCHIG) pursuant to Section 48 BBG on the basis of Regulation (EC) 1370/2007 from 2010. In most cases, the compensation is payable by the 10th of the following month. Revenue is recognised during the year when the invoicing is completed. A year-end statement takes into account the actual service performed plus the quality bonus minus the default. Revenue from traffic service orders with federal states and communities The transport service orders with federal states and communities include income from fees for transport service orders contractually agreed with the federal states and communities. Most invoices (over 85% of sales volume) are issued monthly (individual contracts differ and provide for annual, semi-annual or quarterly payments) and are payable within a maximum of 30 days. Revenue is recognised during the year when the invoicing is completed. Revenue is deferred on the liabilities side of the statement of financial position to the extent that it is income for a specific period after that date. Rent and lease ÖBB-Personenverkehr AG receives a compensation based on the kilometres travelled for the use of wagons by third party RUs within the framework accumulation rateIC (Regolamento Internazionale delle Carrozze; English: International Coach Regulations). The billing is mainly based on the number of kilometres driven and is invoiced monthly. Revenue is recognised when the invoicing is completed. Revenue is deferred on the liabilities side of the statement of financial position to the extent that it is income for a specific period after that date. Maintenance/repair Revenue from maintenance/maintenance results from revenue generated by the bus workshops and the Technical Services workshops with third parties. Repairs are carried out for the customer and then invoiced to the customer. The invoice is sent to the customer after completion of the repair order. Revenue continues to be recorded during repair work (from the time it is taken from the warehouse to work time). Once the order has been completed, an invoice is created and processed in the IT-system. Revenue is accrued in accounts payable to the extent that it is revenue for a period subsequent to that date.