ÖBB Annual Report 2023

273 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 55 The following table shows a summary of the default risk for trade receivables and other receivables: Default risk 2023 in EUR million 2022 in EUR million Trade receivables 783.4 644.0 Other receivables 521.6 540.5 Total gross carrying amount of receivables 1,304.9 1,184.4 less impairment 53.0 53.8 thereof for trade receivables 48.2 51.9 thereof for other receivables 4.8 1.9 Carrying amount 1,251.9 1,130.6 See Note 29 for further details. 21. Inventories This statement of financial position item is composed as follows: Dec 31, 2023 Dec 31, 2022 in EUR million in EUR million Inventories 394.9 341.2 Finished goods 8.4 7.7 Down payments 5.7 4.3 Total 409.0 353.2 thereof recovery objects 38.1 39.7 thereof measured at cost 228.6 198.4 Inventories include, among other things, stocks of materials and spare parts for the expansion and maintenance of rail network operations and for vehicles, as well as operating resources and realisation properties. See Note 7 for the reported cost of sales. The item “Cost of materials” includes expenses from the value adjustment of inventories of approx. EUR 2.5 million (py: approx. EUR 2.6 million) and is reported under the cost of materials and purchased services. No reversals of impairment losses were recognised in the income statement in either financial year. Inventories include properties for sale amounting to approx. EUR 38.1 million (py: approx. EUR 39.7 million). The real estate recovery projects relate to properties no longer used for operational purposes and are under development for subsequent sale. These are former station and railway facilities that were used for permanent operations. These include substantial projects such as the areas former Südbahnhof, the Vienna North freight terminal and the Nordwestbahnhof, which are being developed on a major scale. 22. Cash and cash equivalents This item is classified as follows: Dec 31, 2023 Dec 31, 2022 in EUR million in EUR million Cash on hand 5.2 5.1 Cash in banks 587.9 193.3 As of Dec 31 (balance sheet) 593.2 198.4 Other current liabilities -5.4 -4.9 Bank loans -2.6 -4.8 Funds (Statement of Cash Flow) 585.2 188.7 This item includes investments as well as bank balances and cash in hand, all of which are short-term (maturity of less than three months), whereby the remaining term at the time of acquisition is decisive. The carrying amounts of these assets are equivalent to their fair values. ÖBB Group freely disposes over all cash and cash equivalents. See Note 33 for details on the composition funds portfolio. 23. Share capital and other equity The development of equity is shown in the Consolidated Statement of Changes in Equity.