ÖBB Annual Report 2023

297 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 79 30. Leasing transactions 30.1. Lessor The assets leased to third parties are, on the one hand, investment property (IAS 40) and, on the other hand, buildings that are partially leased out but whose share is not predominant and which therefore are not covered by IAS 40 or are reported separately. The vast majority of the lease agreements are terminable. The infrastructure made available to other rail operators for use in return for payment is charged on the basis of a current price list (kilometres travelled or gross tonnes transported), which is why this is not a leasing relationship but a service relationship. In both reporting years, there are approx. 26,000 tenancy agreements, most of which are open-ended and subject to termination with a maximum notice period of six months. These include approx. 4,000 (py: 4,000) external fixed-term leases ending between 2024 and 2112 (py: 2023 and 2112), whereby the long-term leases are building rights granted on land, which were classified as operating leases. The contingent lease income relates exclusively to lease agreements. The leased properties, with the exception of investment properties, are non-separable parts of buildings such as railway stations, and therefore it is neither expedient nor possible to disclose the book values. Operating leases The ÖBB Group leases facilities that are classified as operating leases. The contracts have different standard market terms depending on the leased asset. The non-discounted minimum lease payments from the irrevocable operating leases are as follows: Dec 31, 2023 in EUR million Total up to 1 year 1 to 5 years more than 5 years Land and buildings 834.2 60.7 147.6 625.9 Other technical equipment and machinery 0.1 0.0 0.1 0.0 Automobiles and trucks 71.8 25.9 45.9 0.0 *) Smallest amount. Dec 31, 2022 in EUR million Total up to 1 year 1 to 5 years more than 5 years Land and buildings 630.4 52.5 126.4 451.5 Other plant, furniture and fixtures 0.2 0.0*) 0.1 0.1 Automobiles and trucks 11.5 5.2 6.2 0.1 *) Smallest amount. The increase in the 2023 financial year results from newly concluded leases at ÖBB-Infrastruktur AG. Finance leasing The following table presents a maturity analysis of the lease receivables and shows the undiscounted lease payments to be received after the reporting date. Minimum lease payments Included interest income Dec 31, 2023 in EUR million in EUR million up to 1 year 4.3 0.1 1 to 5 years 3.1 0.0*) Total of minimum lease payments 7.5 0.1 less interest -0.1 Present value of lease payments = Net investments 7.4 *) Smallest amount.