ÖBB Annual Report 2023

Consolidated Financial Statements 292 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 74 Ineffectiveness may result if the credit risk of the trading partner differs significantly from that of Österreichische Postbus AG and ÖBB-Produktion Gesellschaft mbH, if there is overhedging because the expected transaction does not materialise or materialises to a lesser extent than planned, and from the discounting of the underlying transaction. The accumulated other comprehensive income from diesel derivatives designated as cash flow hedges is as follows: other cumulated income arising from diesel derivatives as of Dec 31 in EUR million OCI Deferred tax OCI after deferred tax As of Jan 01, 2022 5.7 -1.5 4.3 amounts not affecting net income 16.8 -4.2 12.6 amounts reclassified to the income statement -22.2 5.6 -16.7 amounts reclassified to cost or other carrying amount -0.9 0.2 -0.7 As of Dec 31, 2022 -0.6 0.1 -0.5 amounts not affecting net income -0.1 0.0 -0.1 amounts reclassified to the income statement 0.3 -0.1 0.2 amounts reclassified to cost or other carrying amount -0.9 0.2 -0.7 As of Dec 31, 2023 -1.3 0.3 -1.0 Sensitivity analysis for diesel price If the price of diesel had been 10% lower or 10% higher on the reporting date, the change in the market price level would have resulted in a decrease or increase in equity of approx. EUR 4.1 million (py: approx. EUR 3.5 million). 29.4.3. Other power derivatives The following table shows the maturity range of those forwards that are entered into for hedging purposes but do not meet the formal requirements of IFRS 9 for cash flow hedges due to, among other factors, fluctuations in the volume of consumption. Power derivatives not designated as hedges Dec 31, 2023 Number of swaps Nominal volume Average exercise price Fair value Maturity Purchases MWh in EUR million in EUR in EUR million Portfolio 277 1,411,701 211.9 -75.9 thereof maturing 2024 269 1,306,581 196.3 150.2 -71.7 thereof maturing 2025 8 105.120 15.6 148.7 -4.2 Power derivatives not designated as hedges Dec 31, 2023 Number of swaps Nominal volume Average exercise price Fair value Maturity Sale MWh in EUR million in EUR in EUR million Portfolio 53 1,275,435 175.9 60.8 thereof maturing 2024 52 1,179,075 165.3 140.2 59.5 thereof maturing 2025 1 96.360 10.6 109.8 1.3 Power derivatives not designated as hedges Dec 31, 2022 Number of swaps Nominal volume Average exercise price Fair value Maturity Purchases MWh in EUR million in EUR in EUR million Portfolio 744 1,884,344 423.9 41.6 thereof maturing 2023 600 1,642,004 377.1 229.7 31.8 thereof maturing 2024 143 233.580 45.4 194.4 9.8 thereof maturing 2025 1 8.760 1.3 153.0 0.1 Power derivatives not designated as hedges Dec 31, 2022 Number of swaps Nominal volume Average exercise price Fair value Maturity Sale MWh in EUR million in EUR in EUR million Portfolio 84 1,553,158 359.9 -4.8 thereof maturing 2023 65 1,375,426 318.9 231.9 -6.5 thereof maturing 2024 EUR 19.0 177.732 41.1 231.1 1.7