ÖBB Annual Report 2023

Consolidated Financial Statements 280 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 62 26.2. Other provisions in EUR million As of Jan 01, 2023 Foreign currency translation Utili- sation Release Transfers Accretion expenses Additions As of Dec 31, 2023 Contract processing VDV 574.7 0.0 -77.1 -15.0 4.2 -14.7 184.2 656.3 Environmental protection measures 35.1 0.0 -0.3 -11.1 0.0 0.8 1.5 25.9 Bad debts and public services 24.3 0.0 -6.5 -4.4 0.0 -0.1 3.7 17.1 Asset retirement obligations 21.3 0.0 -1.1 -3.9 0.0 0.6 0.0 17.0 Loss set aside 20.9 0.0 -9.5 -0.2 0.0 0.0 14.0 25.1 Demolition cost and similar obligations 19.9 0.0 -3.2 -4.3 0.0 0.5 0.4 13.2 Non-income taxes and fees 1.1 0.0 -0.3 -0.5 0.0 0.0 1.9 2.2 Reimbursement of travel expenses 0.1 0.0 0.0 -0.1 0.0 0.0 0.1 0.1 Restructuring 0.2 0.0 0.0 0.0 0.0 0.0 0.2 0.4 Others 129.5 0.1 -18.1 -18.0 0.0 3.0 32.6 129.1 Total 827.0 0.1 -116.1 -57.5 4.2 -10.0 238.6 886.3 thereof long-term 223.4 344.5 The total in the “Reclassifications” column represents reclassifications to liabilities or non-current liabilities held for sale. The accounting Federal Transport Services Contract (VDV) is audited annually ex-post by an independent auditor. A provision of approx. EUR 656.3 million (py: approx. EUR 574.7 million) is recognised for any claims for repayment by the federal government arising from this title and for impending losses from a transport services contract. There are also a number of regulatory proceedings as at 31.12.2023. Please refer to the section on the Use of Estimates and Exercise of Discretion in Note 3. The provision for environmental protection measures relates to expected remedial measures from soil contamination. It was recognised on the basis of the corresponding legal provisions with the probable expected expenses and reversed in the amount of approx. EUR 11.1 million (py: approx. EUR 0.0 million). The provision was reversed as it was determined on the basis of a water law negotiation with the responsible authority in October 2023 that ÖBB-Infrastruktur will not be utilised as the landowner. The provision for decommissioning costs relates to future expenses in connection with the demolition and clearing of assets and the restoration of sites. These are railway lines that have already been decommissioned or will be decommissioned in the near future, the carrying amounts of which have already been reduced to zero and therefore the changes in provisions are recognised in profit or loss. This provision was only created for those routes that can be assumed with sufficient certainty to be decommissioned. The dismantling costs for a railway line that is to be sold in 2024 have been reduced due to an alternative use by the purchaser, resulting in the reversal of the remaining provision of EUR 3.4 million. The provision for indemnities and similar obligations includes contractually agreed obligations for the removal of existing legal and technical encumbrances and similar obligations in connection with land sales that have already been concluded. Provisions totalling EUR 0.9 million were reversed for properties for which no contamination was found or for which no compensation for contamination was demanded by the developer. The provision for impending losses mainly comprises onerous contracts in the individual business units related to freight transport and technical services. Miscellaneous other provisions include provisions for legal disputes. Provisions for litigation are made for all identifiable litigation risks at the time the statement of financial position is prepared, based on entrepreneurial judgement. The provision relates to numerous litigations arising from the company’s business operations. Among other measures, provisions are included for the recovery of infrastructure utilisation fees with regard to ongoing regulatory proceedings. As disclosure of information in accordance with IAS 37.92 could seriously affect the company’s position in these proceedings, no information is provided on the amount of the provision or any contingent liabilities in excess of this amount. Please refer to the section on the Use of Estimates and Exercise of Discretion in Note 3.