33. Events after the balance sheet date

1.       Events after the balance sheet date

With regard to ScotRail, additional agreements will be made for the period from 1 March to 31 March 2022 in the form of a ‘Temporary Measures Agreement’. These additional agreements were not yet known as at 31 December 2021 and were therefore not included in the reassessment of the impairment under IFRS (see note 14).

The Group committed itself to acquiring the shares of the companies Westfalenbahn GmbH and PTS GmbH in 2021. For the acquisition of these shares, the Group paid €9 million and €1.75 million for Westfalenbahn GmbH and PTS GmbH respectively in December 2021. The actual transfer of shares can only be effected once the insolvency proceedings of the companies concerned are completed. The transfer of the PTS GmbH shares took place in January and the shares of Westfalenbahn GmbH will be transferred at the end of February 2022 (see ‘Deconsolidation’ section). At that time, the Group will have acquired the shares and gained control over these companies.

The Baden-Württemberg company was transferred to another party on 1 January 2022, thus completing the insolvency proceedings for that company (see ‘Deconsolidation’ section).