ÖBB Annual Report 2023

Consolidated Financial Statements 300 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 82 Concessions Liechtenstein and Switzerland Service licence agreements within the meaning of SIC 29 relate to the rail infrastructure sector. In accordance with EU law and the national legal systems of the countries involved, ÖBB-Infrastruktur AG, as infrastructure manager of those lines or parts of lines of its network that are located on foreign territory, requires concessions from the respective national railway authorities. – ÖBB-Infrastruktur AG was granted the previously existing railway concession for the line on Liechtenstein territory as “Infrastructure concession on the line Liechtenstein-Austrian state border at Schaanwald to the Liechtenstein-Swiss state border at Schaan” by decision of the Government of the Principality of Liechtenstein of 15.12.2020, LNR 2020-1825/BNR 2020/1848 AP 330.0. This concession is limited to 47 years and expires on 31.12.2067. – ÖBB-Infrastruktur AG’s existing “Concession Nr. 5030 for the construction and operation of railway infrastructure” for the St. Margrethen – Border (- Bregenz) route was renewed • until 31.12.2067 and for the Buchs SG – Border (- Feldkirch) route also until 31.12.2067 for the sections on Swiss territory • by orders of the Federal Department of the Environment, Transport, Energy and Communications dated 03.03.2017 and 04.11.2021. ÖBB-Infrastruktur AG thus has current and valid infrastructure concessions as an infrastructure manager until the end of 2067 within the meaning of the relevant provisions of EU law for the Sections of the existing cross-border railway lines to Switzerland and Liechtenstein that are located on foreign territory and thus has the rights and obligations of a railway infrastructure manager there for the lines covered by the concessions – comparable to the legal position granted to it in Austria by Section 51 Federal Railway Act. The Feldkirch-Buchs line must therefore be maintained in its current state in a good condition suitable for safe and orderly railway operations and made available to railway undertakings for the operation of traffic within the scope of their right of access. The infrastructure assets in Liechtenstein and Switzerland are owned by ÖBB-Infrastruktur AG and have a carrying amount of approx. EUR 24.3 million as at 31.12.2023 (py: approx. EUR 25.5 million). The concessionaire provides the transport of passengers, luggage and freight. 32. Related party transactions Supplies to and from related parties Related parties include affiliated, not fully consolidated companies of the ÖBB Group, associated companies plus any subsidiaries, joint ventures plus any subsidiaries, the shareholder of ÖBB-Holding AG (Republic of Austria) and its most important subsidiaries and the members of the management in key positions (members of the Board of Management and Supervisory Board of ÖBB-Holding AG and members of the Boards of Management and Supervisory Boards of fully consolidated subsidiaries of ÖBB-Holding AG) and the close family members as well as the related companies of the members of the management in key positions. Business relationships exist at arm’s length with companies in which the Republic of Austria holds direct or indirect interests (e.g. Österreichische Bundes- und Industriebeteiligungen GmbH, OMV Aktiengesellschaft, Telekom Austria AG, Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft, Schieneninfrastruktur-Dienstleistungsgesellschaft mbH, Verbund AG) and which are also to be classified as related parties in accordance with IAS 24 within the range of services provided by the ÖBB Group. The transactions conducted with these companies in both reporting years within the meaning of IAS 24 related to day-to-day business of the operating business segment, were of minor importance overall and accounted for less than 3% of the cost of materials and purchased services or less than 2% of revenue. Unpaid invoices from or to these companies on the reporting date are disclosed as trade receivables and trade payables and at this point are no longer treated separately. Purchases were conducted at market prices less standard volume discounts and other discounts based on the scope of the business relationships. The volume of transactions in the financial year between the Group companies included in the consolidated financial statements on the one hand and these related parties on the other, as well as the receivables and liabilities outstanding from these transactions at the end financial year, are as follows: