ÖBB Annual Report 2023

Consolidated Financial Statements 304 Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 86 The development of grants in 2022 was as follows: in EUR million Total grant Accruals and repayments Recognised in income 2022 Section 42 (1) Operation 751.8 -344.6 407.3 Section 42 (2) Inspection, maintenance, disposal and repair 430.7 -15.9 414.8 Total federal grant pursuant to Section 42 (1) and Section 42 (2) BBG 1,182.5 -360.5 822.1 Section 42 (2) Expansion and reinvestment, usage fee 1,221.0 20.1 1,241.0 Total federal grant for rail infrastructure Section 42 (2) BBG 1,221.0 20.1 1,241.0 Total other operating income 2,403.5 -340.4 2,063.1 See Note 25 with regard to the guarantees and financing assumed by the federal government since 2017, which have primarily been raised through loans from the Republic of Austria in settlement by the Austrian Federal Financing Agency (OeBFA). In addition, there were further grants (generally cost contributions to investment measures) from the Austrian provincial governments and municipalities amounting to approx. EUR 109.8 million (py: approx. EUR 53.1 million), with outstanding receivables of approx. EUR 1.0 million (py: approx. EUR 1.4 million) as at the reporting date. In addition, EU subsidies of approx. EUR 31.3 million (py: approx. EUR 43.1 million) were granted. The investment grants and EU grants are cost contributions from the public sector or the EU that were recognised as a reduction in acquisition costs. Remuneration of members of the Board of Management The Board of Management of ÖBB-Holding AG consists of two members at the reporting date. No advances or loans were awarded to members of the Management Board, and no contingent liabilities were entered into to the benefit of any of these individuals. The Board of Management remuneration at ÖBB-Holding AG for the active members of the Board of Management in the reporting years amounted to approx. TEUR 1,733 (py: approx. TEUR 1,316) pursuant to Section 266 Z 2 UGB. This includes entitlements from previous periods and remuneration in kind as well as remuneration from the prematurely terminated employment contract of a departing member of the Management Board in the figures for 2023. In addition, payments of statutory contributions to the employee pension fund amounting to approx. TEUR 26 (py: approx. TEUR 20) and payments to a pension fund amounting to approx. TEUR 73 (py: approx. TEUR 48) were made in the reporting year. Holiday provisions fell by approx. TEUR 242 from approx. TEUR 12 in the previous year to approx. TEUR 230. The current employment contracts do not provide for any severance payment obligations. The provisions relating to target agreements as at 31.12.2023 amount to approx. TEUR 302 (py: approx. TEUR 368). The total remuneration of the members of the Board of Management is composed of a fixed, variable, and in-kind component. The amount of the variable annual component is subject to the achievement of objectives agreed with the Management Committee of the Supervisory Board at the beginning of each financial year. The employment contracts of the top executives (board members of the parent company and subsidiaries and managing directors of companies at similar levels) include a performance-related component, whereby the success of the company is significantly reflected in the remuneration. In principle, 2/3 of the salary of the top executives is fixed and 1/3 is a performance-related component. At the beginning of each financial year, a score card is drawn up individually for each company in order to define goals, in which clearly agreed, mainly quantitative economic, social and ecological targets are set. These objectives are based on the Group’s overall results, its strategy and the focus of the Group’s activities. The variable components of the salaries that were paid out are included in the remuneration of the members of the Management Board indicated above. The members of the Management Board of ÖBB-Holding AG participate in an external pension fund scheme based on a defined contribution plan, except for members of the Management Board who are seconded for the time of their activity in the Board within a definite ÖBB employment relation in accordance with the general terms and conditions for employment with Österreichische Bundesbahnen (AVB). The company itself assumes no pension commitments. The vested rights and entitlements of the members of the Management Board in the event that their function or employment relationship is terminated are based on the corresponding provisions in the Staffing Act (Stellenbesetzungsgesetz). There are no claims other than those outlined above.