ÖBB Annual Report 2023

271 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 53 The fair values correspond to the agreed purchase prices or the expected results of negotiations with the contractual partners, which means that the fair value is allocated to hierarchy level 3 in accordance with IFRS 13. Assets held for sale are only reported if corresponding Supervisory Board resolutions have been passed and the sale is highly probable in the following financial year. The proceeds expected in 2024 for assets held for sale are all higher than the current carrying amounts of the assets. The ÖBB Group made no actual disposals of assets in the 2023 reporting year. In the 2022 reporting year, gains of approx. EUR 2.4 million were recognised from the disposal of the assets held for sale group and approx. EUR 2.9 million from the other assets held for sale, which are reported together with the result from the disposal of other assets under other operating income. No significant assets were designated for sale after the reporting date as of 31.12.2023. 20. Trade and other receivables This item is classified as follows: Dec 31, 2023 in EUR million Current Non-current Total Trade receivables 735.1 0.0 735.1 thereof contract assets (construction contracts) 25.7 0.0 25.7 Other receivables and assets 438.1 78.7 516.8 Income tax receivables 2.9 0.0 2.9 Total 1,176.1 78.7 1,254.8 Dec 31, 2022 in EUR million Current Non-current Total Trade receivables 592.0 0.0 592.0 thereof contract assets (construction contracts) 18.4 0.0 18.4 Other receivables and assets 452.9 85.7 538.6 Income tax receivables 2.0 0.0 2.0 Total 1,046.9 85.7 1,132.6 Trade receivables result in particular from transport services as well as receivables from transport revenue and from the settlement of public services. The carrying amounts of trade receivables and other receivables approximate their fair values due to their short terms. Trade receivables include construction contracts in connection with services for third parties for which the performance obligation is not yet completed. Revenue of approx. EUR 86.6 million (py: approx. EUR 91.0 million) was recognised for construction contracts. Other receivables and deferrals include VAT receivables from the Austrian tax authorities. In addition, this item includes receivables from the Republic of Austria from apprenticeship funding. Other receivables include accruals of approx. EUR 153.2 million (py: approx. EUR 174.6 million). The accruals and deferrals mainly relate to prepaid liability payments to the federal government of approx. EUR 67.6 million (py: approx. EUR 78.8 million). and the salaries paid in December, including taxes for January, amounting to approx. EUR 50.9 million (py: approx. EUR 57.8 million).