ÖBB Annual Report 2023

Consolidated Financial Statements 298 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 80 Minimum lease payments Included interest income Dec 31, 2022 in EUR million in EUR million up to 1 year 4.0 0.1 1 to 5 years 8.9 0.1 Total of minimum lease payments 12.9 0.2 less interest -0.2 Present value of lease payments = Net investments 12.7 30.2. Lessee Rights of use The lease agreements mainly concern buildings and the vehicle fleet and have a maximum term up to 2041. The rights of use are presented under property, plant and equipment (Note 14). The agreed period for which there is a waiver of termination or an extension option is used to estimate the term of the lease for leasing contracts. If a contract was concluded for an indefinite period, where a termination would result in a significant economic disadvantage, a lease term is estimated. Lease liabilities The following table provides an analysis of the maturities of lease liabilities and shows the non-discounted lease payments to be paid after the reporting date. Minimum lease payments Interest expense included Dec 31, 2023 in EUR million in EUR million up to 1 year 152.2 18.0 1 to 5 years 415.9 41.9 more than 5 years 308.3 28.9 Total of minimum lease payments 876.4 88.8 less interest -88.8 Present value of lease payments = lease liabilities 787.6 Minimum lease payments Interest expense included Dec 31, 2022 in EUR million in EUR million up to 1 year 187.1 15.8 1 to 5 years 274.6 45.5 more than 5 years 408.2 32.1 Total of minimum lease payments 869.9 93.4 less interest -93.4 Present value of lease payments = lease liabilities 776.5 As of 31.12.2022, leasing liabilities have increased by approx. EUR 166.6 million due to the lease of a property in Lassallestrasse. Amounts recognised in the income statement in EUR million 2023 2022 Interest expenses for lease liabilities 12.2 6.9 Expenses for short-term leases 35.1 42.1 Expenses for leases of a low-value asset 1.9 1.5 Expenses from variable lease payments not included in the measurement of lease liability 0.6 0.5 Amortisation of rights of use in connection with IFRS 16 131.7 117.2 Amounts recognised in the Cash Flow Statement in EUR million 2023 2022 Total cash paid for leases -150.3 -133.3 thereof repaymant portion -137.7 -126.1 thereof interest portion -12.6 -7.2