ÖBB Annual Report 2023

71 Group Management Report Österreichische Bundesbahnen-Holding Aktiengesellschaft Consolidated Financial Statements | Group Management Report 26 C.3. Net assets and financial position Net assets and financial position of the ÖBB Group Overview Dec 31, 2023 Dec 31, 2022 Change Change in % Total assets in EUR million 40,864.8 37,968.0 2,896.8 8% PP&E-to-total-assets ratio 50 in % 89% 89% 0% 0% PP&E-to-net-worth ratio 51 in % 9% 10% -1% -10% PP&E-to-net-worth ratio II 52 in % 96% 94% 2% 2% Working capital 53 in EUR million -514.1 -472.6 -41.5 9% Equity ratio 54 in % 7.9% 9.3% -1.4% -15% Cash-effective change of funds in EUR million 396.1 78.2 317.9 >100% Structure of the Consolidated Statement of Financial Position in EUR million Dec 31, 2021 Dec 31, 2022 Structure 2022 Dec 31, 2023 Structure 2023 Change from 2022 to 2023 Property, plant and equipment 31,839.7 33,959.3 90% 36,443.7 89% 2,484.4 Other non-current assets 1,880.8 1,988.4 5% 2,071.0 5% 82.6 Current assets 1,834.2 2,020.3 5% 2,350.1 6% 329.8 Total assets 35,554.7 37,968.0 100% 40,864.8 100% 2,896.8 Shareholders’ equity 3,243.6 3,524.2 9% 3,212.6 8% -311.6 Financial liabilities 28,257.7 30,326.5 80% 33,534.2 82% 3,207.7 Other liabilities 4,053.4 4,117.3 11% 4,118.0 10% 0.7 Assets Mainly due to investments in property, plant and equipment, the ÖBB Group’s total assets increased by 8% to approx. EUR 40,864.8 million in the year under review (py: approx. EUR 37,968.0 million). The share of property, plant and equipment in total assets (property, plant and equipment ratio) was 89% as at the reporting date, as in the previous year. These assets were financed primarily by borrowing in the form of loans and bond issues. The property, plant and equipment coverage ratio as of 31.12.2023 9% (py: 10%). Taking into account the non-current liabilities, the property, plant and equipment coverage ratio II is 96% (py: 94%). Working capital amounts to approx. EUR -514.1 million (py: approx. EUR -472.6 million). Liabilities and shareholders’ equity As at 31.12.2023, the ÖBB Group has an equity ratio of 7.9% (py: 9.3%). On the liabilities side, the increase in total assets is mainly due to the rise in financial debt. 50 PP&E ratio = Property, plant and equipment / total assets 51 Property, plant and equipment coverage ratio: equity / property, plant and equipment. 52 Property, plant and equipment coverage ratio II: (equity + non-current liabilities) / property, plant and equipment. 53 Working Capital: Inventories (excl. realisable objects and advance payments on orders) + trade receivables – trade payables. 54 Equity ratio: equity / Total capital. MR26 |