ÖBB Annual Report 2023

281 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 63 Expected payment date for the provisions Non-current provisions are discounted at interest rates of 2.6 to 8.8% (py: 3.2 to 16.6%) depending on the term, if applicable. Adjustments due to changes in the discount rate were insignificant. Of the other provisions, approx. EUR 344.5 million (py: approx. EUR 223.4 million) are classified as non-current. The payment date for these provisions is expected after 2024. The provisions classified as current are expected to result in a cash outflow in 2024, whereby mainly the provisions for legal disputes and parts of the provisions for environmental protection measures and decommissioning costs, clearance costs and similar obligations were classified as current. Where uncertainties exist regarding maturity, the provisions concerned were predominantly classified as current. 27. Trade payables and other liabilities Dec 31, 2023 in EUR million Current Non-current Total Trade payables 1,614.4 0.0 1,614.4 Other liabilities 1,232.4 25.4 1,257.8 thereof deferral of federal subsidies 289.9 0.0 289.9 thereof accrued personnel liabilities 237.8 0.0 237.8 thereof other deferrals 130.6 22.8 153.4 thereof taxes 109.2 0.0 109.2 thereof social security 59.3 0.0 59.3 Total 2,846.8 25.4 2,872.2 Dec 31, 2022 in EUR million Current Non-current Total Trade payables 1,373.9 0.0 1,373.9 Other liabilities 1,565.5 26.5 1,592.0 thereof deferral of federal subsidies 737.9 0.0 737.9 thereof accrued personnel liabilities 236.4 0.0 236.4 thereof other deferrals 119.0 23.5 142.5 thereof taxes 56.7 0.0 56.7 thereof social security 49.1 0.0 49.1 Total 2,939.4 26.5 2,965.9 The management estimates that the carrying amounts of the trade payables approximate their respective fair values. Trade payables include liabilities with a remaining term of more than one year in the amount of approx. EUR 52.0 million (py: approx. EUR 62.6 million), which are nevertheless to be reported as current in accordance with IAS 1.70. The accruals for personnel mainly include the items “overtime” and “unutilised leave”. Other liabilities also consist of the net present value benefit of the CBL transactions in the amount of EUR 1.6 million (py: approx. EUR 2.0 million), ticket pre-sales totalling EUR 47.9 million (py: approx. EUR 42.2 million) and deferred income from building rights and rental agreements totalling EUR 7.2  million (py: approx. EUR 11.3 million). Contract liabilities of approx. EUR 36.6 million (py: approx. EUR 20.6 million) mainly include premature payments received on revenues for subsequent periods, which are reported under trade payables. All contract liabilities recognised in the previous year were recognised as revenue in the reporting period. See Note 32 for further information on the accrual of federal grants.