ÖBB Annual Report 2023

287 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 69 Cashflows 2023 Cashflows 2024-2027 Cash flows 2028 et seq Carrying amount Interest Redemp- tion Interest Redemp- tion Interest Redemp- tion in EUR million Dec 31, 2022 2023 2023 2024-2027 2024-2027 2028 et seq. 2028 et seq. Derivative financial receivables Other derivatives not designated as hedges 223.1 0.0 100.7 0.0 18.9 0.0 0.0 Power derivatives with cash flow hedges 295.7 0.0 64.5 0.0 133.4 0.0 0.0 Dieselswaps – Cash flow hedges 2.7 0.0 0.0 0.0 0.0 0.0 0.0 Interest derivatives with cash flow hedges 13.5 1.6 0.0 6.1 0.0 1.8 0.0 Derivative financial liabilities Interest derivatives – Cash flow hedges 8.1 2.9 0.0 11.1 0.0 0.0 0.0 Power derivatives – Cash flow hedges 6.0 0.0 0.0 0.0 50.9 0.0 0.0 Other derivatives not designated as hedges 190.8 0.0 276.5 0.0 32.2 0.0 0.0 Dieselswaps – Cash flow hedges 3.3 0.0 0.0 0.0 0.0 0.0 0.0 Financial guarantees Other contingent liabilities 23.7 0.0 11.9 0.0 6.3 0.0 5.5 The table includes all financial instruments held in the portfolio as of the reporting date for which payments have already been contractually agreed. Estimated payments for future new liabilities were not taken into account in future cash flows. Foreign currency amounts were translated using the rate on the reporting date in each case. Variable interest payments from financial instruments were determined based on the interest rates applicable on the reporting date. Federal guarantees The federal government is liable for bonds, for certain liabilities to credit institutions and for liabilities to EUROFIMA, as disclosed in Note 25. 29.3. Hedging transactions Hedge accounting The ÖBB Group applies the hedge accounting regulations in accordance with IFRS 9 (Hedge Accounting) to hedges of assets and liabilities and future cash flows. This reduces volatility in the consolidated income statement. A distinction is made between fair value hedges and cash flow hedges, depending on the type of underlying hedged item. The ÖBB Group only applies cash flow hedging. A cash flow hedge mitigates the exposure to fluctuation of future anticipated cash flows from the financial assets and liabilities recognised in the Statement of Financial Position, and from planned transactions. When a cash flow hedge is in use, the effective portion of the change in value of the hedging instrument is recognised in equity (cash flow hedge reserve) through other comprehensive income until the cash flow resulting from the underlying hedged item is recognised in profit or loss; the ineffective portion of the change in value of the hedging instrument is recognised in the consolidated income Cashflows 2024 Cash flows 2025-2028 Cashflows 2029 et seq. Carrying amount Interest Redemp- tion Interest Redemp- tion Interest Redemp- tion in EUR million Dec 31, 2023 2024 2024 2025-2028 2025-2028 2029 et seq. 2029 et seq. Derivative financial receivables Other derivatives not designated as hedges 64.2 0.0 7.4 0.0 1.4 0.0 0.0 Power derivatives with cash flow hedges 10.1 0.0 25.4 0.0 29.8 0.0 0.0 Dieselswaps – Cash flow hedges 0.5 0.0 0.0 0.0 0.0 0.0 0.0 Interest derivatives with cash flow hedges 4.2 4.6 0.0 13.7 0.0 2.1 0.0 Derivative financial liabilities Interest derivatives – Cash flow hedges 8.5 0.5 0.0 -1.1 0.0 0.0 0.0 Power derivatives – Cash flow hedges 76.4 0.0 129.3 0.0 112.6 0.0 0.0 Other derivatives not designated as hedges 79.3 0.0 189.0 0.0 14.2 0.0 0.0 Dieselswaps – Cash flow hedges 3.2 0.0 0.0 0.0 0.0 0.0 0.0 Financial guarantees Other contingent liabilities 17.7 0.0 10.0 0.0 2.9 0.0 4.8