ÖBB Annual Report 2023

Consolidated Financial Statements 270 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 52 Impairment The following table shows a summary of the default risk for financial assets: Default risk of financial assets at amortised cost as of Dec 31 2023 in EUR million 2022 in EUR million Gross carrying amount 252.0 178.2 Allowance -0.3 -0.2 thereof expected 12-month credit loss -0.3 -0.2 Carrying amount 251.7 178.0 The development of the measurement allowance for financial assets measured at amortised acquisition cost was as follows in the course of the year: Impairment of financial assets Expected 12-month credit loss 2023 in EUR million 2022 in EUR million As of Jan 01 0.2 0.2 Net revaluation of allowance of impairment 0.1 *) 0.0 As of Dec 31 0.3 0.2 *) Smallest amount. 19. Assets held for sale and liabilities held for sale The statement of financial position item of assets held for sale is as follows: 2023 2022 Non-current assets held for sale in EUR million in EUR million As of Jan 01 0.1 35.6 Disposals by sale 0.0 -35.5 Additions (single assets) 11.3 0.0 As of Dec 31 11.4 0.1 of which reported at amortised cost 11.4 0.1 The disposals in the 2022 financial year related to the assets of the former subsidiary Güterterminal Werndorf Projekt GmbH (disposal group). All shares (100%) were sold to Steirische Infrastruktur-Beteiligungs GmbH and Cargo-Center-Graz Betriebsgesellschaft m.b.H. by contract dated 25.02.2022. Closing took place on 28.03.2022. The assets held for sale with a value of EUR 0.1 million (py: approx. EUR 0.1 million) relate to a railway line that was already classified as an asset held for sale as at 31.12.2022 and was not sold in the 2023 financial year. In both reporting years, the obligation to make a cost contribution totalling approx. EUR 6.4 million was also classified as “Liabilities held for sale”. The circumstances of the delay in the sales process are beyond the control of the company and are due to the circumstances of the buyer. Unfortunately, the concession for the state or for the future operating company to operate the line has not yet been granted, meaning that no handover has yet taken place. The management remains committed to the sales plans and the agreement with the state of Upper Austria is still valid. The sale is expected to take place in 2024. As a result, the classification as “held for sale” remains unchanged. The sale price amounts to approx. EUR 3.4 million. A building lease agreement was concluded on 19.12.2023 for a logistics centre with a building book value of approx. EUR 7.1 million, which came into effect on 01.01.2024. The building lease agreement constitutes an operating lease within the meaning of IFRS 16 with regard to the land and a sale within the meaning of IFRS 15 with regard to the building. The building is therefore classified as “held for sale”. The land is allocated to IAS 40 assets. The granting of the building right was to be qualified as an instalment sale in accordance with IFRS. In 2024, the sales proceeds will amount to approx. EUR 17.8 million. The other asset held for sale with a carrying amount of approx. EUR 4.2 million is a property in the Czech Republic, which is expected to be sold in 2024. The planned sales proceeds exceed the amortised carrying amount.