ÖBB Annual Report 2023

322 AVB General terms and conditions of employment with Austrian Federal Railways GDP Gross Domestic Product BMF Federal Ministry of Finance BMK Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology TGTkm Gross tonne-kilometres (= freight weight + weight of the train x kilometres travelled) BVAEB Austrian insurance fund for civil servants, railway employees and miners CBL Cross-border Leasing CER Community of European Railway and Infrastructure Companies CO 2 Carbon dioxide COSO Committee of Sponsoring Organisations of the Treadway Commission Tenured position “Employees with a tenured position” are ÖBB employees who are subject to the “General Contractual Conditions for Employment Contracts with Austrian Federal Railways” (AVB), joined before 01.01.1995 and cannot be dismissed on the basis of the provisions of the AVB. This is generally taken to include the Postbus employees who were formerly employed by the Austrian postal service. EBIT Earnings before Interest and Taxes. EBIT corresponds to operating profit (not including earnings of investments accounted for using the equity method) in the consolidated income statement . EBITDA = EBIT + depreciation and amortisation EBIT margin EBIT / total income . EBT Earnings before Taxes Equity ratio = Equity / total capital Return on equity = EBT / equity EMTN European medium-term note EP European Parliament ETCS European Train Control System EUR Euro RU Railway undertaking ECB European Central Bank R&D Research and development Free cash flow = Cash flow from operating activities + cash flow from investing activities FTE Full Time Equivalent Total income per employee = Total income / average number of employees (headcount) Return on total assets = EBIT / total capital GRI Global Reporting Initiative GWh Gigawatt hour GWL Public services Hbf. Main station HR Human Resources Glossary