ÖBB Annual Report 2023

Consolidated Financial Statements 276 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 58 Österreichische Kontrollbank Aktiengesellschaft assumed no guarantees for financial liabilities (py: approx. EUR 24.9 million). Financial liabilities Leasing The leasing liabilities in accordance with IFRS 16 increased by approx. EUR 166.6 million in the 2022 financial year on account of the lease of a property in Lassallestrasse. Financial liabilities from leases pursuant to IFRS 16 amount to approx. EUR 641.8 million (py: approx. EUR 617.4 million). Other financial liabilities The remaining financial liabilities consist mainly of EUROFIMA loans of approx. EUR 402.8 million (py: approx. EUR 732.8 million), of which in 2023 an amount of approx. EUR 15.0 million (py: approx. EUR 345.0 million) has a remaining term of less than one year. This item also includes liabilities to the federal government (OeBFA) with a carrying amount of approx. EUR 16,313.1 million (py: approx. EUR 11,916.4 million) and the negative present values of derivative financial instruments. Of the liabilities to the federal government (OeBFA), approx. EUR 227.8 million (py: approx. EUR 195.0 million) are current. Since 2017, ÖBB-Infrastruktur AG has been raising the necessary financing primarily through loans from the Republic of Austria in settlement through the Austrian Federal Financing Agency (OeBFA) instead of through its own bond issues on the capital market. All existing bonds of ÖBB-Infrastruktur AG and their guarantees by the Republic of Austria remain unaffected by this expansion of ÖBB-Infrastruktur AG financing instruments. The following is a breakdown of non-current financial liabilities to the federal government (OeBFA) by maturity: Financial liabilities to OeBFA 2023 Remaining term to maturity Fair value in EUR Term Nominal interest rate Effective interest rate Average effective interest rate Note up to 1 year 280,000,000.00 2022 – 2024 1.6500% 0.6340% – 2.1590% 1.2311% 4 contracts 1 to 5 years 3,351,450,000.00 2017 – 2028 0.0000% – 6.2500% -0.6520% – 3.1510% 1.6371% 24 contracts more than 5 years 13,125,550,000.00 2017 – 2120 0.0000% – 4.1500% -0.4940% – 3.8220% 1.5588% 83 contracts Total 16,757,000,000.00 111 contracts There are 111 (py: 85) financing arrangements with terms until 2120. Financial liabilities from leasing of approx. EUR 14.2 million (py: approx. EUR 15.0 million) are hedged by financial assets while other financial liabilities of approx. EUR 136.6 million (py: approx. EUR 353.3 million) are mainly secured by vehicles in rem. In both financial years, the Group fulfilled all obligations arising from the above-mentioned loan and credit agreements. 26. Provisions In determining the provisions an assessment was made as to whether the ÖBB Group is likely to utilise these provisions and whether the expected amount of the provision can be reliably estimated. The provision is recognised as the amount of the probable obligation. The expected value determined on the basis of the probabilities is reset for equally probable scenarios.