ÖBB Annual Report 2023

269 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 51 In its preliminary annual financial statements, BBT SE records total income (other operating income) of approx. EUR 24.4 million (py: approx. EUR 24.4 million) and total expenses of approx. EUR 27.4 million (py: approx. EUR 24.8 million) in addition to the figures listed above. BBT SE was paid approx. EUR 150.0 million (py: approx. EUR 100.0 million) as cost contributions in the 2023 financial year. The refunds contractually agreed with the state of Tyrol as part of the acquisition of the shares and the payments made by the federal government in connection with the cross-financing of the road reduced the federal subsidy and totalled approx. EUR 55.0 million (py: EUR 69.7 million). A summary financial information for all companies accounted for using the equity method is shown in the following table. The shares held directly and indirectly by the ÖBB Group are presented in the list of shareholdings (Note 34). 2023 2022 Development of investments in associated companies in EUR million in EUR million As of Jan 01 32.2 25.8 Effect of first-time consolidations 0.0 6.5 Effects from initial consolidation 0.0 -0.4 Net income from associated companies 1.9 2.4 Distributions and other changes -1.5 -2.1 As of Dec 31 32.6 32.2 As of 31.12.2022, RAILTOUR (SUISSE) SA, Zollikofen (CH) was included in the consolidated financial statements for the first time using the equity method. The first consolidation resulted in a difference of approx. EUR 4.4 million, consisting of hidden reserves of approx. EUR 1.8 million and goodwill of approx. EUR 2.6 million. 18. Other financial assets 2023 in EUR million Current Non-current Total Investments 0.0 9.7 9.7 Financial assets – leasing 4.6 85.1 89.7 Other financial assets 155.7 93.0 248.7 Total 160.3 187.8 348.1 2022 in EUR million Current Non-current Total Investments 0.0 10.2 10.2 Financial assets – leasing 4.1 91.0 95.1 Other financial assets 417.6 213.1 630.7 Total 421.7 314.3 736.0 Financial assets – leasing Financial assets – leasing comprise long-term loans and are almost entirely related to cross-border leasing transactions. Their purpose is to cover future payment obligations (lease instalments and acquisition costs). Investment income from accumulating investments increases the item, the servicing of payment obligations reduces the item. These financial assets are offset by financial liabilities in the same amount. In addition, there are financial assets from finance leases of approx. EUR 7.5 million (py: approx. EUR 12.7 million). Financial assets – leasing (non-current) include the residual value of leased assets in the amount of approx. EUR 81.6 million (py: approx. EUR 81.6 million), which is deposited in the form of bank deposits. These assets carry a low credit risk as they are assigned investment grade ratings. Other financial assets This item mainly includes short-term securities, investment certificates, derivatives in a hedging relationship and derivatives with a positive carrying amount that are not in a hedging relationship. In the 2023 financial year, there are other financial assets totalling EUR 71.1 million (py: EUR 0.0 million) for which there are restrictions on disposal. The last cross-border leasing transaction (CBL) was terminated in the previous year. See Notes 30.1 and 30.3 for further details.