ÖBB Annual Report 2023

Consolidated Financial Statements 274 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 56 Share capital and additional paid-in capital The share capital remains unchanged, divided into 190,000 ordinary shares with a nominal value of EUR 10,000 each and fully paid in. The share capital is defined in Section 2 (1) Federal Railways Act and is that of the parent company. The share capital was raised pursuant to Section 2 (2) of the Austrian Federal Railways Act (Bundesbahngesetz) through the contribution of all shares held by the federal government in the Austrian Federal Railways. The shares were to be recognised as equity within the meaning of Section 224 (3) UGB in accordance with the statement of financial position of Austrian Federal Railways as at 31.12.2003. 100% of the shares in ÖBB-Holding AG are reserved for the Republic of Austria pursuant to Section 2 (1) Federal Railways Act and are not publicly traded. Capital reserves remain unchanged compared to the previous year. Shares of non-controlling interests in equity This item was created for the shares in the equity of the respective fully consolidated subsidiaries that do not belong to the ÖBB-Holding AG. The development of this item is shown in the Consolidated Statement of Changes in Shareholders’ Equity. 24. Reserves and retained earnings Dec 31, 2023 Dec 31, 2022 in EUR million in EUR million Other reserves -132.6 190.3 thereof cash flow hedge reserve -52.8 272.3 thereof translation differences -79.8 -82.0 Retained earnings 1,283.5 1,274.1 In addition, actuarial losses from the revaluation of provisions for severance payments of approx. EUR -13.5 million (py: approx. EUR -2.8 million) are reported under the item “Retained earnings”. The actuarial losses in the statement of comprehensive income include tax effects of approx. TEUR -361 (py: approx. TEUR 271). Differences resulting from capital consolidation that arose before the transition to IFRS are reported in the resultgenerated. Further information regarding the change in fair values is provided in Note 29.4.1. The change in the cash flow hedge reserve is presented in the consolidated statement of comprehensive income. Income taxes included in other comprehensive income relate only to taxable items. Currency translation differences are the result of translating the financial statements of foreign operations into the reporting currency. The cash flow hedge reserve mainly relates to commodity derivatives. See the Consolidated Statement of Changes in Shareholders’ Equity for further explanation. 25. Financial liabilities Financial liabilities comprise the following: Dec 31, 2023 in EUR million up to 1 year 1 to 5 years more than 5 years Total Bonds 998.9 2,560.9 4,324.8 7,884.6 Bank loans 558.0 1,664.1 3,797.3 6,019.4 Financial liabilities leasing 134.2 377.9 275.5 787.6 Other financial liabilities 640.6 3,646.0 14,556.0 18,842.6 Total 2,331.7 8,248.9 22,953.6 33,534.2 Dec 31, 2022 in EUR million up to 1 year 1 to 5 years more than 5 years Total Bonds 1,000.0 3,557.2 4,326.1 8,883.3 Bank loans 296.8 1,439.3 4,235.9 5,972.0 Financial liabilities leasing 171.3 229.1 376.1 776.5 Other financial liabilities 941.5 2,251.7 11,501.4 14,694.6 Total 2,409.6 7,477.3 20,439.5 30,326.4