ÖBB Annual Report 2023

Consolidated Financial Statements 266 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 48 2022 in EUR million Concessions, property rights, licenses Investment grants to third parties Goodwill Intangible assets in development phase Total Cost Cost as of Jan 01, 2022 490.7 1,550.5 245.8 101.3 2,388.3 Translation differences -0.6 0.0 -19.3 0.0 -20.0 Additions 20.1 126.6 0.0 84.2 230.9 Disposals -7.2 -0.3 0.0 -0.3 -7.9 Transfers 13.3 27.0 0.0 -34.2 6.1 Cost as of Dec 31, 2022 516.3 1,703.8 226.4 151.0 2,597.5 Accumulated depreciation and amortisation as of Jan 01, 2022 (incl. impairment) -357.1 -302.5 -130.7 0.0 -790.3 Translation differences 0.1 0.0 13.3 0.0 13.4 Depreciation and amortisation (incl. impairment) -36.6 -27.7 -28.3 0.0 -92.6 Disposals 7.1 0.3 0.0 0.0 7.4 Transfers 0.3 -0.5 0.0 0.0 -0.2 Accumulated depreciation and amortisation as of Dec 31, 2022 (incl. impairment) -386.3 -330.4 -145.7 0.0 -862.4 Carrying amounts before investment grants as of Jan 01, 2022 133.6 1,248.0 115.1 101.3 1,598.0 Carrying amounts before investment grants as of Dec 31, 2022 130.0 1,373.4 80.7 151.0 1,735.1 Investment grants As of Jan 01, 2022 -36.0 -688.4 0.0 0.0 -724.4 Additions -1.8 -75.6 0.0 0.0 -77.4 Disposals 0.2 0.0 0.0 0.0 0.1 Transfers 2.1 -3.5 0.0 0.0 -1.4 As of Dec 31, 2022 -35.6 -767.5 0.0 0.0 -803.1 Accumulated depreciation and amortisation as of Jan 01, 2022 27.4 110.4 0.0 0.0 137.7 Depreciation and amortisation 1.7 6.4 0.0 0.0 8.1 Disposals -0.1 0.0 0.0 0.0 -0.1 Transfers 0.0 0.7 0.0 0.0 0.7 Accumulated depreciation and amortisation as of Dec 31, 2022 28.9 117.5 0.0 0.0 146.4 Investment grants as of Jan 01, 2022 -8.6 -578.0 0.0 0.0 -586.7 Investment grant as of Dec 31, 2022 -6.7 -650.0 0.0 0.0 -656.7 Carrying amounts after investment grants as of Jan 01, 2022 125.0 670.0 115.1 101.3 1,011.3 Carrying amounts after investment grants as of Dec 31, 2022 123.3 723.5 80.7 151.0 1,078.5 The development of intangible assets is shown in the table above. Intangible assets under development are intangible assets that were purchased but not yet completed and are not yet in use. The average remaining useful life of investment grants to third parties amounts to approx. 37.7 years (py: approx. 34.0years). Research and development expenses of approx. EUR 35.0 million (py: approx. EUR 32.7 million) were recognised in profit or loss, as it was not possible to clearly distinguish between the development and research phases of the projects and the risk of exploiting the developments was beset with uncertainties. Research and development expenses of approx. EUR 2.0 million (py: approx. EUR 0.9 million) were capitalised in non-current assets under the item “Concessions, industrial property rights, licences and development costs”. The additions to the item “Cost contributions to third parties” mainly result from contributions to costs paid to Galleria di Base del Brennero – Brenner Base Tunnel BBT SE.