ÖBB Annual Report 2023

313 Consolidated Financial Statements Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 95 35. Events after the reporting date ÖBB-Personenverkehr AG is taking over Go-Ahead Verkehrsgesellschaft Deutschland GmbH and its four subsidiaries, which will continue to operate as an independent company, as of 01.02.2024 and is taking a further step towards internationalisation. A Group overview is presented in Note 34. The Go-Ahead-Deutschland-Group’s business area offers the ideal opportunity for the market entry and future growth of ÖBB passenger transport in southern Germany. In addition to the strong positioning in the night train segment in Europe, the takeover of the group of companies is also expected to lead to growth in daytime transport. Founded in 2014, Go-Ahead Verkehrsgesellschaft Deutschland GmbH is a subsidiary of the British company Go-Ahead Group Ltd. and, with its two operating companies in Bavaria and Baden-Württemberg, is an important player in German local rail passenger transport. The German Go-Ahead Group currently has approx. 1,000 employees and operates a total of 144 modern electric multiple-unit trains on behalf of the state of Baden-Württemberg and the Bavarian railway company for regional train services. Go-Ahead Baden-Württemberg GmbH, which has its headquarters in Stuttgart, was founded in February 2017 and has been operating five regional rail routes with over 700 route kilometres since 2019. Go-Ahead Baden-Württemberg operates approx. 10 million train kilometres a year on the Stuttgart network, including the Remsbahn, Residenzbahn, Filstalbahn and Frankenbahn as well as the Murrbahn. Go-Ahead Bayern GmbH, based in Augsburg, was founded in February 2019 and has been providing regional rail transport on various routes since 2021, now covering approx. 10 million train kilometres per year. In 2021, Go-Ahead Bayern launched the operation of the Allgäu electronic network between Munich and Lindau. The routes on the Augsburg network were added in December 2022, offering services from Augsburg to Munich, Augsburg to Würzburg, Augsburg to Aalen, and Augsburg to Ulm. At the time these consolidated financial statements were approved, the interim financial statements of the acquired companies were prepared as at 31.01.2024, which means that further disclosures in accordance with IFRS 3.B64 are not yet available. As soon as all information is complete, the initial consolidation and the distribution of the difference from the initial consolidation are finalised. No further details are possible as no reliable information is yet available. The insolvency proceedings of Molinari accepted the settlement offer of the insolvency administrator with payment on 21.02.2024. This has no material financial impact on the ÖBB-Group. The resolution of the National Council of 5 July 2023 regarding the Federal Act on the Transfer of the Infrastructure of Graz-Köflacher Bahn und Busbetrieb GmbH to ÖBB-Infrastruktur AG (GKB Infrastructure Transfer Act), published in Federal Law Gazette Nr.95/2023, created the legal basis for merging the rail infrastructure into ÖBB-Infrastruktur AG. The transfer takes place pursuant to Section 17 SpaltungsG (spin-off for absorption) with a spin-off date of 31.12.2023 and absorption on 01.01.2024. In the 2024 statement of financial position preparation period, the federal government assumed liability for EUROFIMA financing of approx. EUR 15.0 million in December 2023. The ÖBB-Holding AG’s Management Board released the audited consolidated financial statements as at 31.12.2023 for forwarding to the Supervisory Board on 21.03.2024. The Supervisory Board is charged with reviewing the Consolidated Financial Statements and declaring whether it approves the Consolidated Financial Statements. The Board of Management proposes to carry forward the retained earnings of ÖBB-Holding AG in the amount of EUR 198,444,926.47. There are no further reportable events after the reporting date that have a material effect on the net assets, financial position and results of operations.