ÖBB Annual Report 2023

257 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 39 The expenses for services rendered by the auditors of the consolidated financial statements and the individual financial statements are also included in the miscellaneous other operating expenses and break down as follows: 2023 2022 Total auditors’ fees in TEUR in TEUR Annual financial statements and consolidated financial statements audit 1.848 1.865 Other auditing services 120 189 Consulting services 35 216 Other services 647 498 Total 2.651 2.768 The auditor’s fees shown above include the fees for all auditors working for the Group. The following expenses are attributable to the auditor of the ÖBB Group: 2023 2022 Fee of the auditor of the consolidated annual financial statements in TEUR in TEUR Annual financial statements and consolidated financial statements audit 567 567 Other auditing services 118 189 Consulting services 4 204 Other services 130 227 Total 820 1.187 The annual and consolidated financial statements for both financial years were audited by Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H.. In addition to the audit of the financial statements, the audits of the sustainability report in the Group management report were offset in the 2023 and 2022 financial years. 11. Interestincome and interest expenses The interest income/expenses of the ÖBB Group are composed as follows: 2023 2022 Interest income / expenses in EUR million in EUR million Interest income 49.1 42.7 Interest expenses -527.9 -457.0 Total -478.9 -414.4 Interest income mainly relates to bank balances and interest income from deposits from existing or former cross-border leasing transactions as well as negative interest of approx. EUR 9.7 million (py: approx. EUR 8.8 million) from loans raised. The increase in interest income compared to the previous year is mainly due to the discounting of long-term provisions. Interest income is recognised using the effective interest method. Interest expenses relate to bonds in the amount of approx. EUR 258.4 million (py: approx. EUR 305.4 million). In addition, interest expenses are incurred for EUROFIMA, OeBFA loans, for other borrowings, for still existing or former cross-border leasing transactions and derivative financial instruments. Of the total interest expenses, approx. EUR 136.4 million (py: approx. EUR 113.8 million) was capitalised in accordance with IAS 23 Interest on the cost of qualifying assets.