ÖBB Annual Report 2023

Consolidated Financial Statements 264 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 46 Additions to property, plant and equipment due to companies consolidated for the first time and disposals from de- consolidations are shown in separate lines in the statement of changes in fixed assets. The additions to right-of-use assets for land and buildings in the 2022 financial year relate to the rental of a property in Lassallestrasse totalling approx. EUR 162.9 million. The additions in the 2023 financial year, excluding rights of use, amount to approx. EUR 4,068.4 million (py: approx. EUR 3,346.3 million) and mainly relate to master plan projects and investments in the southern line, investments in station conversions and new buildings, expansion work in the Vienna metropolitan area and investments in the expansion of the western line as well as the acquisition of a vehicle fleet. These are mainly buildings, technical equipment and machinery as well as assets under construction. The reclassifications relate primarily to values reclassified from the item “Assets under construction” to the specific asset accounts for completed property, plant and equipment and intangible assets, as well as values reclassified from or to the statement of financial position items “Assets held for sale” and “Inventories” (note 21). See Note 3 under “Estimates of the useful lives of property, plant and equipment and intangible assets” for information on changes in estimates. In the financial year, the ÖBB Group capitalised interest on the production costs of qualifying assets in the amount of approx. EUR 136.4 million (py: approx. EUR 113.8 million) in accordance with the provisions of IAS 23. The underlying interest rate on borrowed capital is approx. 2.0 to 2.5 % (py: 2.0 %). Of the federal grants, an amount of EUR 125.0 million (py: EUR 104.2 million) was recognised as a cost contribution for capitalised interest. Losses from the disposal of property, plant and equipment amounted to approx. EUR 31.8 million (py: approx. EUR 25.2 million), resulting from the scrapping and demolition of assets, the sale of vehicles and other operating equipment, and transfers to the public domain. Compensation contributions were received to an insignificant extent in both financial years. Property, plant and equipment with the following carrying amounts serve as collateral for financial liabilities and are subject to a restriction on disposal rights: Restrictions on disposal rights Pledged as collateral in EUR million 2023 2022 2023 2022 Automobiles and trucks 134.8 125.7 60.7 353.2 Other technical equipment and machinery 0,0*) 0,0*) 0.0 0.0 Other plant, furniture and fixtures 0,0*) 0.0 0.0 0.0 *) Smallest amount. There are purchase commitments for assets, in particular due to open purchase commitments of approx. EUR 1,919.2 million (py: approx. EUR 2,962.3 million). See Note 3 for further information on changes in estimates. Impairment losses and reversals ÖBB-Personenverkehr subgroup In the 2023 reporting period, management identified an indicator of possible impairment for the Postbus CGU, which is why an impairment test was conducted with no resulting impairment. Rail Cargo Group subgroup In contrast to the previous year, the impairment tests resulted in no need for impairment in 2023. The recoverable amount of the CGU Cargo, the CGU Intermodal and the CGU TS-HU is represented by the respective value in use. In 2023, the recoverable amount for the CGU Cargo totalled EUR 1,106.8 million (py: approx. EUR 1,090.7 million), for the CGU Intermodal EUR 141.1 million (py: approx. EUR 137.1 million) and for the CGU TS-HU EUR 27.2 million (py: n.a.). The parameters for calculating the value in use are shown in Note 3. In 2022, the planning assumptions in the impairment test needed to be adjusted due to the ongoing negative economic conditions as a result of the war in Ukraine, meaning that the recoverable amount of the CGUs in the Cargo CGU and the Intermodal CGU increased compared to the previous year’s impairment test. The impairment test conducted for property, plant and equipment and intangible assets with the amended planning data resulted in an impairment requirement for the Cargo CGU of approx. EUR -28.2 million in the 2022 financial year. The impairment test of the Intermodal CGU resulted in no impairment requirement in 2022. Further information on goodwill is provided in Note 15.