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"-1966000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-611": { "value": "1477000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-612": { "value": "1047000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-613": { "value": "40000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-614": { "value": "-184000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-615": { "value": "0", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromChangesInOwnershipInterestsInSubsidiaries", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-616": { "value": "30000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:ProceedsFromChangesInOwnershipInterestsInSubsidiaries", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-617": { "value": "1000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:PaymentsFromChangesInOwnershipInterestsInSubsidiaries", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-618": { "value": "1000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:PaymentsFromChangesInOwnershipInterestsInSubsidiaries", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-619": { "value": "1746000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-620": { "value": "847000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-621": { "value": "587000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-622": { "value": "612000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-623": { "value": "-3771000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-624": { "value": "-2660000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-625": { "value": "-25000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-626": { "value": "-72000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-627": { "value": "-1114000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-628": { "value": "3060000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-629": { "value": "8124000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-630": { "value": "5064000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-631": { "value": "7011000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-632": { "value": "8124000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-633": { "value": "91000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-634": { "value": "35000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-635": { "value": "6920000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2024-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-636": { "value": "8090000000", "decimals": -6, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "fact-1": { "value": "
1 Basis of preparation
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-3": { "value": "OMV Aktiengesellschaft", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-2": { "value": "Aktiengesellschaft", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-7": { "value": "Trabrennstra\u00dfe 6\u20138, 1020 Vienna, Austria", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-6": { "value": "Trabrennstra\u00dfe 6\u20138, 1020 Vienna, Austria", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-5": { "value": "Austria", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-4": { "value": "Austria", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-8": { "value": "an integrated, international oil, gas, and chemicals company with activities in the divisions Chemicals & Materials, Fuels & Feedstock, and Energy.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-9": { "value": "", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-10": { "value": "
The base case is built on a scenario developed by the internal Market Intelligence department and assumes that all decarbonization pledges announced by governments around the world will be implemented in full and on time. In this scenario, the temperature increase by 2100 will be limited to 1.7\u00b0C with a probability of 50%. The underlying demand and price developments of fossil commodities are in line with the Announced Pledges Scenario (APS) which was modeled by the International Energy Agency (IEA).16 The base case is used for mid-term planning as well as for estimates relating to the measurement of various items in the Group financial statements, including impairment testing of non-financial assets and the measurement of provisions.

Recoverability of\u00a0assets\u00a0
The following table summarizes the carrying amounts of the Group\u2019s intangible assets (incl. goodwill), PPE, and at-equity-accounted investments disaggregated according to the type of assets as at December 31, 2023:
Carrying amounts as of December 31, 2023
in EUR mn
Segment
Intangible
assets (incl. goodwill)
Property, plant and equipment
Equity-
accounted
investments
Chemical production and recycling (incl. C&M part
of refineries)
C&M
975
5,643
4,747
Refining
F&F
101
3,255
1,655
Retail
F&F
23
1,129
\u2014
Oil and gas exploration and evaluation
Energy
270
\u2014
\u2014
Oil and gas production
Energy
356
9,313
264
Gas storages and power plant
Energy
17
523
0
Other
38
217
2
Total
1,779
20,081
6,668
2023 Price assumptions for base case and impairment testing
2024
2025
2026
2027
2028
2030
2040
2050
Brent oil price (USD/bbl)
78
71
65
64
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.15
1.15
1.15
1.15
1.15
1.15
Brent oil price (EUR/bbl)
71
65
57
56
52
52
48
48
Gas price THE (EUR/MWh)
44
38
34
25
22
22
22
22
CO2 price EUA (EUR/t)
92
99
106
112
118
130
144
144
2022 Price assumptions for base case and impairment testing
2023
2024
2025
2026
2027
2030
2040
2050
Brent oil price (USD/bbl)
78
72
66
60
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
Brent oil price (EUR/bbl)
71
65
60
55
54
54
50
50
Gas price THE (EUR/MWh)
89
62
44
33
25
22
22
22
CO2 price EUA (EUR/t)
83
89
94
99
104
117
129
107
3 Accounting policies, judgments, and estimates
2) Significant accounting policies
a) Business combinations and goodwill
b) Sales revenue
c) Revenues from other sources
d) Exploration expenses
e) Research and development
f) Exploration and production sharing agreements
g) Intangible assets and property, plant and equipment
Useful life
Years
Intangible assets
Software
3\u20137 or license duration
Concessions, licenses, contract-related intangible assets, etc.
3\u201320 or contract duration
Business-specific property, plant and equipment
C&M
Chemical production facilities
15\u201320
F&F
Pipelines
20\u201330
Storage tanks
40
Refinery facilities
25
Filling stations
5\u201320
Energy
Oil and gas wells
Unit-of-production method
Gas power plant
8\u201330
Other property, plant and equipment
Production and office buildings
20\u201350
Other technical plant and equipment
10\u201320
Fixtures and fittings
3\u201315
h) Oil and gas assets

Significant estimates and judgments: Recoverability of unproved oil and gas assets
There may be cases when costs related to unproved oil and gas properties remain capitalized over longer periods while various appraisal and seismic activities continue in order to assess the size of the reservoir and its commerciality. Further decisions on the optimum timing of such developments are made from a resource and portfolio point of view. As soon as there is no further intention to develop a discovery, the assets are immediately impaired.


Significant estimate: Oil and gas reserves
The oil and gas reserves are estimated by the Group\u2019s petroleum experts in accordance with industry standards and reassessed at least once per year. In addition, external reviews are performed regularly. In 2023, the reserves of all material oil and gas assets (as of December 31, 2022), except for those in Tunisia, the Kurdistan region of Iraq (KRI), Malaysia and Yemen were externally reviewed by DeGolyer and MacNaughton (D&M). The reserves of the oil and gas assets in Tunisia, KRI, and Malaysia were externally reviewed the year before.
The results of the external reviews did not show significant deviations from the internal estimates, apart from a few exceptional cases. In the case of significant deviations, OMV performs further analysis, involving additional independent experts where necessary.
Oil and gas reserve estimates have a significant impact on the assessment of the recoverability of the carrying amounts of the Group\u2019s oil and gas assets. Downward revisions of these estimates could lead to impairment of the asset\u2019s carrying amount. In addition, changes to the estimates of oil and gas reserves impact prospectively the amount of amortization and depreciation.
i) Associated companies and joint arrangements
j) Impairment of assets

Significant estimates and judgments: Recoverability of assets
Evaluating whether assets or CGUs are impaired or whether past impairments should be reversed, requires the use of various estimates and assumptions such as price and margin developments, production volumes and discount rates.
Changes in the economic situation, expectations of climate-related risks or other facts and circumstances might require a revision of these assumptions and could lead to impairments of assets or reversals of impairments within the next financial year. The management performs this analysis for each material CGU. The impairments and reversals recognized in the reporting period are presented in Note 8 \u2013 Depreciation, amortization, impairments and write-ups.
The price and margin assumptions used in impairment testing are reviewed annually by management and approved by the Supervisory Board as part of mid-term planning (MTP). They are based on management\u2019s best estimate and consistent with external sources. Whereas prices in the near term are anchored in recent forward prices and market developments, long-term price assumptions are developed using a variety of long-term forecasts by reputable experts and consider long-term views of global supply and demand. OMV\u2019s long-term assumptions take into consideration the impacts of climate change and the energy transition to lower-carbon energy sources (see Note 2).The key valuation assumptions for the recoverable amounts of E&P assets are prices and margins, production volumes, exchange, and discount rates. The production profiles were estimated based on reserves estimates (see Note 3.2h) and past experience and represent management\u2019s best estimate of future production. The cash flow projections for the first five years are based on the mid-term plan and thereafter on \u201clife of field\u201d planning and therefore cover the whole life span of the field.
In the F&F and C&M business segments, the main assumptions for the calculation of the recoverable amounts are the relevant margins and volumes plus discount, inflation, and growth rates. The value in use calculation is based on the cash flows of the\u00a0five-year\u00a0mid-term plan and a terminal value.
The price sets used for the value in use calculations are included in Note 2 \u2013 Effects of climate change and the energy transition.
k) Assets held for sale
l) Leases

Significant estimates and judgments: Leases
OMV has a significant number of contracts in which it leases filling stations. Many of those contracts include prolongation and termination options. Prolongation options or periods after termination options are included in the lease term if it is reasonably certain that the lease will be prolonged or not terminated. When determining the lease term, the Group takes into account all relevant facts and circumstances that create an economic incentive for shortening or prolonging the lease term using the available options. When assessing the lease term of leases in filling stations for periods covered by prolongation or termination options, the assumption was applied that the lease term will not exceed 20 years.
Optional periods not taken into account in the measurement of the leases, exist mainly for E&P equipment in Romania, office buildings, a plot of land in Belgium and gas storage caverns in Germany. The prolongation option for the office buildings and the gas storage caverns can only be exercised in the distant future.
m) Non-derivative financial assets

Significant estimates and judgments: Fair value and recoverability of financial assets
The management periodically assesses the receivable related to expenditure recoverable from the Romanian state regarding obligations for decommissioning and restoration costs in OMV Petrom SA. The assessment process takes into consideration aspects such as the history of amounts claimed, documentation process-related requirements, potential litigation, and arbitration proceedings.
OMV has a contractual position toward Gazprom from the redetermination of the reserves of the Yuzhno Russkoye gas field, which was taken over as part of the acquisition of the participation in this field in 2017. According to this agreement, the volume of gas reserves in the Yuzhno Russkoye field is contractually defined and if the reserves are higher or lower than what was assumed in the agreement, either OMV could be obligated to compensate Gazprom (but would have profited in the future from higher sales volumes) or Gazprom could be obligated to compensate OMV. The payment for the reserve redetermination is linked to the actual amount of the gas reserves.
A fair value calculation based on three different scenarios, one of them based on an internal estimate by OMV, led to a positive value. In the current difficult political and legal environment in Russia, however, OMV does not expect this contractual position to be recoverable and measures this receivable with a value of zero (2022: zero).Details on the valuation of the investments measured at fair value through profit or loss in the Yuzhno Russkoye gas field can be found in Note 20 \u2013 Financial assets.
n) Derivative financial instruments and hedge accounting

o) Borrowing costs
p) Government grants
q) Inventories
r) Cash and cash equivalents
s) Provisions

Significant estimates and judgments: Decommissioning provisions
The most significant decommissioning obligations of the Group are related to the plugging of wells, the abandonment of facilities, and the removal and disposal of offshore installations. The majority of these activities are planned to occur many years in the future, while decommissioning technologies, costs, regulations and public expectations are constantly changing. Estimates of future restoration costs are based on reports prepared by Group experts or by partner companies and on past experience. Any significant downward changes in the expected future costs or postponement in the future affect both the provision and the related asset, to the extent that there is sufficient carrying amount. Otherwise, the provision is reversed to income. Significant upward revisions trigger the assessment of the recoverability of the underlying asset.
Provisions for decommissioning and restoration costs require estimates of discount and inflation rates, which have material effects on the amounts of the provision. The assumptions used are disclosed in Note 25 \u2013 Provisions.

Significant estimates and judgments: Pensions and similar obligations
The projected unit credit method of calculating provisions for pensions, severance and jubilee entitlements requires estimates of discount rates, future increases in salaries and future increases in pensions. For current actuarial assumptions for calculating expected defined benefit entitlements and their sensitivity analysis see Note 25 \u2013 Provisions.
The biometrical basis for calculating provisions for pensions, severance and jubilee entitlements of Austrian Group companies is provided by AV\u00d6 2018 P \u2013 Angestellte - Rechnungsgrundlagen f\u00fcr die Pensionsversicherung (Biometric Tables for Pension Insurance), using the variant for salaried employees. In other countries, similar actuarial parameters are used. Employee turnover was computed based on age or years of service, respectively. The expected retirement age used for calculations is based on the relevant country\u2019s legislation.

Significant estimates and judgments: Provisions for onerous contracts
OMV concluded several long-term, non-cancellable contracts in the past that became onerous due to the negative development of market conditions. This led to the recognition of onerous contract provisions in the Group\u2019s financial statements for the unavoidable costs of meeting the contract obligations.
The estimates used for calculating the positive contributions that partly cover the fixed costs were based on external sources and management expectations. For more details see Note 25 \u2013 Provisions.
t) Emission allowances
u) Non-derivative financial liabilities
v) Taxes on income and deferred taxes

Significant estimates and judgments: Recoverability of deferred tax assets
The recognition of deferred tax assets requires an assessment of when those assets are likely to reverse, and an evaluation as to whether or not there will be sufficient taxable profits available to offset the assets when they reverse. This assessment of recoverability requires assumptions regarding future taxable profits and is therefore uncertain. At OMV, this assessment is based on detailed tax plannings that covers the life span of fields in E&P entities and a five-year period in the other entities.
Changes in the assumptions regarding future taxable profits can lead to an increase or decrease in theamount of deferred tax assets recognized, which has an impact on the net income in the period in which the change occurs.
w) Long Term Incentive (LTI) Plans and Equity Deferral
x) Fair value measurement
y) Foreign currency translation
Foreign currency translation
2023
2022
Statement of
financial
position date
Average
Statement of
financial
position date
Average
Bulgarian lev (BGN)
1.956
1.956
1.956
1.956
Czech crown (CZK)
24.724
24.004
24.116
24.566
Hungarian forint (HUF)
382.800
381.850
400.870
391.290
New Zealand dollar (NZD)
1.750
1.762
1.680
1.658
Norwegian krone (NOK)
11.241
11.425
10.514
10.103
Romanian leu (RON)
4.976
4.947
4.950
4.931
Swedish krona (SEK)
11.096
11.479
11.122
10.630
US dollar (USD)
1.105
1.081
1.067
1.053
3) Changes in accounting policies
Amendments to IAS 12: International Tax Reform Pillar Two Model Rules
Voluntary changes in accounting policies
Consolidated Statement of Financial Position
In EUR mn
As previously
reported
Adjustments
As restated
2022
Other assets
1,198
434
1,632
Current assets
22,369
434
22,803
Total assets
56,429
434
56,863
Other provisions
505
434
939
Current liabilities
13,567
434
14,001
Total equity and liabilities
56,429
434
56,863
2021
Other assets
621
376
997
Current assets
18,595
376
18,971
Total assets
53,798
376
54,174
Other provisions
360
376
736
Current liabilities
13,677
376
14,053
Total equity and liabilities
53,798
376
54,174
4) Amendments to IFRSs not yet mandatory
Amendments to IFRSs
IASB effective date
Amendments to IAS 1: Classification of Liabilities as Current and Non-Current
January 1, 2024
Amendments to IFRS 16: Lease Liability in a Sale and Leaseback
January 1, 2024
Amendments to IAS 1: Non-Current Liabilities with Covenants
January 1, 2024
Amendments to IAS 7 and IFRS 7: Supplier Finance Arrangements
January 1, 2024
Amendments to IAS 21: Lack of Exchangeability
January 1, 2025
5 Segment Reporting
Changes in segment reporting
Business operations and key markets
OMV holds minority stakes in various equity-accounted investments, the most significant being the 15% participation in ADNOC Refining (United Arab Emirates) with an annual capacity of 7.1 mn t (OMV share).
The disclosure of special items is considered appropriate in order to facilitate analysis of ordinary business performance. To reflect comparable figures, certain items affecting the result are added back or deducted. These items can be divided into four subcategories: personnel restructuring, unscheduled depreciation and write-ups, asset disposals, and other.
Furthermore, to enable effective performance management in an environment of volatile prices and comparability with peers, the CCS effect is eliminated from the accounting result. The CCS effect, also called inventory holding gains and losses, is the difference between the cost of sales calculated using the current cost of supply, and the cost of sales calculated using the weighted average method after adjusting for any changes in valuation allowances. In volatile energy markets, measuring of the costs of petroleum products sold based on historical values (e.g. weighted average cost) can have distorting effects on reported results. This performance measurement enhances the transparency of results and is commonly used in the oil industry. OMV, therefore, publishes this measure in addition to the Operating Result determined according to IFRS.
For OMV Petrom SA, the unwinding expenses for decommissioning provisions are included net of the unwinding income from receivables recoverable from the Romanian state.
As disclosed in Note 3 \u2013 Accounting policies, judgments and estimates, section 3 \u2013 Changes in accounting policies, the Group has applied the mandatory temporary exception with respect to recognition and disclosure of information about deferred taxes related to Pillar Two income taxes.
The calculation of diluted Earnings per Share took into account the weighted average number of shares in issue following the conversion of all potentially diluting ordinary shares.The costs of repurchased shares have been reflected as a reduction in equity. Gains or losses on the re-issue of treasury shares (issue proceeds less acquisition cost) result in an increase or a reduction in capital reserves.
OMV participates in several supplier finance programs under which its suppliers may elect to receive early payment of their invoice from a bank by factoring their receivable from the Group to the bank. Under the arrangement, the bank agrees to pay amounts to a supplier participating in the program in respect of invoices owed by the Group and receives settlement from OMV later. The principal purpose of these programs is to facilitate efficient payment processing and enable the consenting suppliers to sell their receivables due from OMV to a bank before their maturity. The Group has not derecognized the majority of the original liabilities to which the arrangement applies because neither was legal release obtained nor was the original liability substantially modified while entering into the arrangement. Most liabilities remain within trade payables and other financial liabilities until payment. From OMV\u2019s perspective, these arrangements do not significantly extend payment terms beyond the normal terms agreed with other suppliers that are not participating in the programs. Consequently, cash effects are included in the cash flow from operating activities.
32 Offsetting of financial assets and financial liabilities
The risk retained by the OMV Group is insignificant and therefore the trade receivables sold are derecognized in their entirety.", "dimensions": { "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-11": { "value": "
40 Direct and indirect investments of OMV Aktiengesellschaft
Changes in the consolidated group
Name of company
Registered Office
Type of Change1
Effective date
Chemicals & Materials
Rosier France S.A.S.
Arras
Deconsolidation
January 2, 2023
Rosier Nederland B.V.
Sas van Gent
Deconsolidation
January 2, 2023
Rosier S.A.
Moustier
Deconsolidation
January 2, 2023
BlueAlp Holding B.V.2
Groot-Ammers
First consolidation (S)
January 11, 2023
Renasci Oostende Holding N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende Recycling N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende SCP N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci N.V.
Ostend
Increase in shares3
January 11, 2023
Petrogas International B.V.2
Eindhoven
First consolidation (S)
January 11, 2023
Borealis Agrolinz Melamine Deutschland GmbH
Wittenberg
Deconsolidation
July 5, 2023
Borealis Agrolinz Melamine GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Chimie S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T doo, Beograd
Belgrade
Deconsolidation
July 5, 2023
Borealis L.A.T France S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Produits et Engrais Chimiques du Rhin S.A.S.
Ottmarsheim
Deconsolidation
July 5, 2023
Feboran EOOD
Sofia
Deconsolidation
July 5, 2023
Neochim AD2
Dimitrovgrad
Deconsolidation
July 5, 2023
Kilpilahden Voimalaitos Oy2
Porvoo
First consolidation (I)
September 30, 2023
Circular Feedstock Walld\u00fcrn GmbH
Walld\u00fcrn
First consolidation (A)
October 6, 2023
Rialti S.p.A.
Taino
First consolidation (A)
October 31, 2023
Fuels & Feedstock
OMV Renewable Fuels & Feedstock B.V.
Beveren
First consolidation
April 20, 2023
Avanti Deutschland GmbH
Berchtesgaden
Deconsolidation
May 31, 2023
OMV Switzerland Holding AG
Zug
Deconsolidation (I)
June 30, 2023
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.
Koper
Deconsolidation
June 30, 2023
Energy
Preussag Energie International GmbH
Burghausen
Deconsolidation (I)
June 30, 2023
POSEIDON EXL 005 ANS4
Lysaker
First consolidation
July 17, 2023
Deeep Tiefengeothermie GmbH4
Vienna
First consolidation
October 20, 2023
Assigned to multiple segments
C2PAT GmbH & Co KG2
Vienna
Deconsolidation (M)
December 31, 2023
1 \u201cFirst consolidation\u201d refers to newly formed companies, \u201cFirst consolidation (A)\u201d indicates the acquisition of a company, \u201cFirst consolidation (S)\u201d refers to companies included in the consolidation scope due to change in ownership of the parent company, and companies marked with \u201cFirst consolidation (I)\u201d have been included in the consolidation after originally not being consolidated due to immateriality. \u201cDeconsolidation\u201d refers to companies that have been excluded from the Group investments following a sale, \u201cDeconsolidation (I)\u201d refers to companies that were deconsolidated due to immateriality while \u201cDeconsolidation (M)\u201d refers to companies that were deconsolidated following a merger into another Group company.
2 Company (previously) consolidated at-equity
3 Interest in Renasci N.V. increased from 27.42% to 50.01% which led to the change in the consolidation method from at-equity to full consolidation, and then further to 98.56%. This also led to the addition of multiple entities to the consolidated group, these entities are marked with \u201cFirst consolidation (S)\u201d in the table. For further details please refer to the paragraph below.
4 POSEIDON EXL 005 ANS and Deeep Tiefengeothermie GmbH have been included in the consolidated Group as a joint operations and are accounted for accordingly.
Number of consolidated companies
2023
2022
Full
consolidation
Equity
consolidation
Joint
operation1
Full
consolidation
Equity
consolidation
Joint
operation1
January 1
123
23
4
136
22
\u2014
Included for the first time
6
3
2
5
3
4
Change in consolidation type
1
\u20131
\u2014
\u2014
\u2014
\u2014
Deconsolidated during the year
\u201315
\u20132
\u2014
\u201318
\u20132
\u2014
December 31
115
23
6
123
23
4
thereof domiciled and operating abroad
82
18
5
88
17
4
thereof domiciled in Austria and
operating abroad
10
\u2014
\u2014
10
\u2014
\u2014
1 Accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
List of investments
List of subsidiaries, equity-accounted investments, and other investments of OMV Aktiengesellschaft with an interest of at least 20%
Parent
company
Type of
consoli-
dation1
Equity
interest
in % as of
December 31, 2023
Equity
interest
in % as of
December 31, 2022
Chemicals & Materials
AGRIPRODUITS S.A.S., Courbevoie (BAGRFR)
BCHIFR
NC
\u2014
100.00
AZOLOR S.A.S., Bras-sur-Meuse
BCHIFR
NC-I
\u2014
34.00
Bayport Polymers LLC, Pasadena2
BNOVUS
AEJ
50.00
50.00
BlueAlp Holding B.V., Groot-Ammers
BRENBE
AEA
21.25
Borealis AB, Stenungsund (BABSWE)
BSVSWE
C
100.00
100.00
Borealis AG, Vienna (BORAAG)
BHOLAT
C
39.00
39.00
OMVRM
32.67
32.67
OMV AG
3.33
3.33
Borealis Agrolinz Melamine Deutschland GmbH, Wittenberg
BORAAG
C
\u2014
100.00
Borealis Agrolinz Melamine GmbH, Linz (BAGMAT)
BORAAG
C
\u2014
100.00
Borealis Antwerpen N.V., Zwijndrecht
BPOBE
C
\u2014
90.00
BORAAG
100.00
10.00
Borealis Argentina SRL, Buenos Aires
BORAAG
NC
98.00
98.00
BSVSWE
2.00
2.00
BOREALIS ASIA LIMITED, Hong Kong
BORAAG
NC
100.00
100.00
Borealis BoNo Holdings LLC, Houston (BBNHUS)2
BUS
C
100.00
100.00
Borealis Brasil S.A., Itatiba
BORAAG
C
80.00
80.00
BOREALIS CHEMICALS ZA (PTY) LTD, Germiston
BORAAG
NC
100.00
100.00
Borealis Chile SpA, Santiago
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.R.L., Casablanca
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.S., Courbevoie (BCHIFR)
BFR
C
\u2014
100.00
Borealis Circular Solutions Holding GmbH, Vienna (BCIRC)
BORAAG
C
100.00
100.00
Borealis Colombia S.A.S., Bogota
BORAAG
NC
100.00
100.00
Borealis Compounds Inc., Houston (BCOMUS)
BUS
C
100.00
100.00
Borealis Denmark ApS, Copenhagen
BORAAG
NC
100.00
100.00
Borealis Digital Studio B.V., Zaventem
BORAAG
NC
100.00
90.00
BPOBE
\u2014
10.00
Borealis Financial Services N.V., Mechelen
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis France S.A.S., Courbevoie (BFR)
BORAAG
C
100.00
100.00
Borealis Group Services AS, Bamble
BABSWE
C
100.00
100.00
Borealis Insurance A/S (captive insurance company),
Copenhagen
BORAAG
C
100.00
100.00
Borealis ITALIA S.p.A., Monza
BORAAG
C
100.00
100.00
Borealis Kallo N.V., Kallo
BORAAG
C
100.00
0.06
BPOBE
\u2014
99.94
Borealis L.A.T Belgium B.V., Beringen
BLATAT
NC
\u2014
100.00
Borealis L.A.T Bulgaria EOOD, Sofia
BLATAT
NC
\u2014
100.00
Borealis L.A.T Czech Republic s.r.o., \u010cesk\u00e9 Bud\u011bjovice
BLATAT
NC
\u2014
100.00
Borealis L.A.T doo, Beograd, Belgrade
BLATAT
C
\u2014
100.00
Borealis L.A.T France S.A.S., Courbevoie
BFR
C
\u2014
100.00
Borealis L.A.T GmbH, Linz (BLATAT)
BORAAG
C
\u2014
100.00
Borealis L.A.T Greece Single Member P.C., Athens
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hrvatska d.o.o., Klisa
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hungary Kft., Budapest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Italia s.r.l., Milan
BORAAG
NC
\u2014
100.00
Borealis L.A.T Polska Sp. z o.o., Warsaw
BLATAT
NC
\u2014
100.00
Borealis L.A.T Romania s.r.l., Bucharest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Slovakia s.r.o., Chotin
BLATAT
NC
\u2014
100.00
Borealis M\u00e9xico, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BCOMUS
0.00
0.00
Borealis Middle East Holding GmbH, Vienna (BORMEH)
BORAAG
C
100.00
100.00
Borealis Plasticos, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BABSWE
\u2014
0.00
BCOMUS
0.00
Borealis Plastik ve Kimyasal Maddeler Ticaret Limited Sirketi,
Istanbul
BORAAG
NC
100.00
100.00
Borealis Plastomers B.V., Geleen
BORAAG
C
100.00
100.00
Borealis Poliolefinas da Am\u00e9rica do Sul Ltda., Itatiba
BORAAG
NC
99.99
99.99
BSVSWE
0.01
0.01
Borealis Polska Sp. z o.o., Warsaw
BORAAG
NC
100.00
100.00
Borealis Polymere GmbH, Burghausen (BPODE)
BORAAG
C
100.00
100.00
Borealis Polymers N.V., Beringen (BPOBE)
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis Polymers Oy, Porvoo
BORAAG
C
100.00
100.00
Borealis Polyolefine GmbH, Schwechat (BPOAT)
BORAAG
C
100.00
100.00
BSVSWE
0.00
0.00
Borealis Polyolefins d.o.o., Zagreb
BORAAG
NC
100.00
100.00
Borealis Polyolefins S.R.L., Bucharest
BORAAG
NC
100.00
100.00
Borealis Polyolefins s.r.o., Bratislava
BORAAG
NC
100.00
100.00
Borealis Produits et Engrais Chimiques du Rhin S.A.S.,
Ottmarsheim
BFR
C
\u2014
100.00
Borealis Qu\u00edmica Espa\u00f1a S.A., Barcelona
BORAAG
C
100.00
100.00
Borealis RUS LLC, Moscow
BORAAG
NC
100.00
100.00
Borealis s.r.o., Prague
BORAAG
NC
100.00
100.00
Borealis Services S.A.S., Paris
BFR
NC
100.00
100.00
Borealis Sverige AB, Stenungsund (BSVSWE)
BORAAG
C
100.00
100.00
Borealis Technology Oy, Porvoo
BORAAG
C
100.00
100.00
BOREALIS UK LTD, Manchester
BORAAG
C
100.00
100.00
Borealis USA Inc., Houston (BUS)
BORAAG
C
100.00
100.00
Borouge 4 LLC, Abu Dhabi
BORMEH
AEJ
40.00
40.00
Borouge PLC, Abu Dhabi (BOROLC)
BORMEH
AEJ
36.00
36.00
Borouge Pte. Ltd., Singapore
BOROLC
AEJ
84.75
84.75
BORMEH
15.25
15.25
Chemiepark Linz Betriebsfeuerwehr GmbH, Linz
BAGMAT
NC-I
\u2014
47.50
Circular Feedstock Walld\u00fcrn GmbH, Walld\u00fcrn3
OMVD
C
89.90
DYM SOLUTION CO., LTD, Cheonan
BORAAG
C
100.00
99.75
Ecoplast Kunststoffrecycling GmbH, Wildon
BORAAG
C
100.00
100.00
EPS Ethylen-Pipeline-S\u00fcd Gesch\u00e4ftsf\u00fchrungs GmbH, Munich
OMVD
NC-I
15.46
15.46
BPODE
7.73
7.73
EPS Ethylen-Pipeline-S\u00fcd GmbH & Co KG, Munich
OMVD
AEA
20.66
20.66
BPODE
10.33
10.33
Etenf\u00f6rs\u00f6rjning i Stenungsund AB, Stenungsund
BABSWE
C
80.00
80.00
Feboran EOOD, Sofia (BFEBGR)
BORAAG
C
\u2014
100.00
Franciade Agrifluides S.A.S. (FASA), Blois
BCHIFR
NC-I
\u2014
40.00
BAGRFR
\u2014
9.98
Hallbar Kemi i Stenungsund, Stenungsund
BABSWE
NC-I
20.00
20.00
Industrins R\u00e4ddningstj\u00e4nst i Stenungsund AB, Stenungsund
BABSWE
NC-I
25.00
25.00
KB Munker\u00f6d 1:72, Stenungsund
BABSWE
NC
100.00
100.00
BSVSWE
0.00
0.00
Kilpilahden Voimalaitos Oy, Porvoo4
BORAAG
AEA
20.00
20.00
mtm compact GmbH, Niedergebra
BORAAG
C
100.00
100.00
mtm plastics GmbH, Niedergebra
BORAAG
C
100.00
100.00
Neochim AD, Dimitrovgrad
BFEBGR
AEA
\u2014
20.30
Novealis Holdings LLC, Houston (BNOVUS)
BBNHUS
C
50.00
50.00
BSBHUS
50.00
50.00
OMV Borealis Holding GmbH, Vienna (BHOLAT)
OMVRM
C
100.00
100.00
Petrogas International B.V., Eindhoven
BRENBE
AEA
25.00
PetroPort Holding AB, Stenungsund
BABSWE
AEJ
50.00
50.00
Recelerate GmbH, Herborn
BORAAG
NC-I
50.00
50.00
Renasci N.V., Ostend (BRENBE)4
BCIRC
C
98.56
27.42
Renasci Oostende Holding N.V., Ostend (BRHOBE)
BRENBE
C
100.00
Renasci Oostende Recycling N.V., Ostend
BRHOBE
C
100.00
Renasci Oostende SCP N.V., Ostend
BRHOBE
C
100.00
Rialti S.p.A., Taino
BORAAG
C
100.00
Rosier France S.A.S., Arras
BROSBE
C
\u2014
100.00
Rosier Nederland B.V., Sas van Gent
BROSBE
C
\u2014
100.00
Rosier S.A., Moustier (BROSBE)
BORAAG
C
\u2014
98.09
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole Laignes Agrifluides (SICA Laignes Agrifluides), Mon\u00e9teau
BCHIFR
NC-I
\u2014
39.97
BAGRFR
\u2014
9.93
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole par Actions Simplifi\u00e9e
de Gouaix (SICA de Gouaix), Paris
BCHIFR
NC-I
\u2014
25.00
BLATAT
\u2014
0.00
Star Bridge Holdings LLC, Port Murray (BSBHUS)2
BUS
C
100.00
100.00
STOCKAM G.I.E., Grand-Quevilly
BCHIFR
NC
\u2014
99.00
BAGRFR
\u2014
1.00
Fuels & Feedstock
Abu Dhabi Oil Refining Company, Abu Dhabi
OMVRM
AEA
15.00
15.00
Abu Dhabi Petroleum Investments LLC, Abu Dhabi (ADPINV)
OMVRM
AEJ
25.00
25.00
ADNOC Global Trading LTD, Abu Dhabi
OMVRM
AEA
15.00
15.00
Aircraft Refuelling Company GmbH, Vienna
OMVRM
NC-I
33.33
33.33
Autobahn - Betriebe Gesellschaft m.b.H., Vienna
OMVRM
NC-I
47.19
47.19
Avanti Deutschland GmbH, Berchtesgaden
OMVRM
C
\u2014
100.00
BSP Bratislava-Schwechat Pipeline GmbH in Liqu., Vienna5
OMVRM
NC-I
26.00
26.00
BTF Industriepark Schwechat GmbH, Schwechat
BPOAT
NC
50.00
50.00
OMVRM
50.00
50.00
Deutsche Transalpine Oelleitung GmbH, Munich
OMVD
AEA
32.26
32.26
DUNAT\u00c0R K\u00f6olajterm\u00e9k T\u00e1rol\u00f3 \u00e9s Kereskedelmi Kft., Budapest
OHUN
C
100.00
100.00
Erd\u00f6l-Lagergesellschaft m.b.H., Lannach6
OMVRM
AEA
55.60
55.60
GENOL Gesellschaft m.b.H., Korneuburg
OMVRM
AEA
29.00
29.00
KSW Beteiligungsgesellschaft m.b.H., Vienna (SWJS)
OMVRM
NC
\u2014
100.00
KSW Elektro- und Industrieanlagenbau Gesellschaft m.b.H.,
Feldkirch
SWJS
NC-I
\u2014
25.10
OMV - International Services Ges.m.b.H., Vienna
OMVRM
C
100.00
100.00
OMV BULGARIA OOD, Sofia
PETROM
C
99.90
99.90
OMVRM
0.10
0.10
OMV \u010cesk\u00e1 republika, s.r.o., Prague
OMVRM
C
100.00
100.00
OMV Deutschland Services GmbH, Burghausen (OMVDS)
OMVD
C
100.00
100.00
OMV Hung\u00e1ria \u00c1sv\u00e1nyolaj Korl\u00e1tolt Felel\u00f6ss\u00e9g\u00fc T\u00e1rsas\u00e1g,
Budapest (OHUN)
OMVRM
C
100.00
100.00
OMV PETROM Aviation S.R.L., Otopeni
PETROM
C
100.00
100.00
ROMAN
0.00
0.00
OMV Petrom Biofuels SRL, Bucharest
PETROM
C
25.00
75.00
OMVRM
75.00
25.00
OMV PETROM MARKETING SRL, Bucharest (ROMAN)
PETROM
C
100.00
100.00
OMV Refining & Marketing Middle East & Asia GmbH, Vienna
OMVRM
C
100.00
100.00
OMV Renewable Fuels & Feedstock B.V., Beveren
OMVRM
C
100.00
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.,
Koper
OMVRM
C
\u2014
92.25
OMV Slovensko s.r.o., Bratislava
OMVRM
C
99.96
99.96
OMV SRBIJA d.o.o., Belgrade
PETROM
C
99.96
99.96
OMVRM
0.04
0.04
OMV Supply & Trading Italia S.r.l., Trieste
OMVRM
C
100.00
100.00
OMV Supply & Trading Limited, London (OTRAD)
OMVRM
C
100.00
100.00
OMV Supply & Trading Singapore PTE LTD., Singapore
OTRAD
NC
100.00
100.00
OMV Switzerland Holding AG, Zug4
OGI
NC
100.00
100.00
Pak-Arab Refinery Limited, Karachi
ADPINV
AEJ
40.00
40.00
Petrom-Moldova S.R.L., Chisinau
PETROM
C
100.00
100.00
Routex B.V., Amsterdam
OMVRM
NC-I
20.00
20.00
Salzburg Fuelling GmbH, Salzburg4
OMVRM
NC-I
50.00
33.33
Societ\u00e0 Italiana per l'Oleodotto Transalpino S.p.A., Trieste
OMVRM
AEA
32.26
32.26
SuperShop Marketing Korl\u00e1tolt Felel\u0151ss\u00e9g\u0171 T\u00e1rsas\u00e1g, Budapest
OHUN
NC-I
50.00
50.00
TGN Tankdienst-Gesellschaft N\u00fcrnberg GbR, Nuremberg
OMVD
NC-I
33.33
33.33
Transalpine \u00d6lleitung in \u00d6sterreich Gesellschaft m.b.H.,
Matrei in Osttirol
OMVRM
AEA
32.26
32.26
Energy
Central European Gas Hub AG, Vienna (HUB)
OGI
C
65.00
65.00
Deeep Tiefengeothermie GmbH, Vienna
OGEO
PC
49.00
EEX CEGH Gas Exchange Services GmbH, Vienna
HUB
AEA
49.00
49.00
Energy Infrastructure Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Holdings Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Investments Limited, Wellington
NZEA
C
100.00
100.00
Freya Bunde-Etzel GmbH & Co. KG, Bonn
OGSG
AEA
39.99
39.99
JSC GAZPROM YRGM Development, St. Petersburg7
OMVEP
NC-I
\u2014
\u2014
OJSC Severneftegazprom, Krasnoselkup
OMVEP
NC-I
24.99
24.99
OMV (Berenty) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (IRAN) onshore Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (Mandabe) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (NAMIBIA) Exploration GmbH, Vienna
ONAFRU
NC
100.00
100.00
OMV (NORGE) AS, Stavanger (ONOR)
OMVEP
C
100.00
100.00
OMV (Tunesien) Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (TUNESIEN) Sidi Mansour GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (Yemen Block S 2) Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (YEMEN) Al Mabar Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (YEMEN) South Sanau Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi E&P GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi Offshore GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Abu Dhabi Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV AUSTRALIA PTY LTD, Perth (OAUST)
OMV AG
C
100.00
100.00
OMV Austria Exploration & Production GmbH, Vienna (OEPA)
OMVEP
C
100.00
100.00
OMV Austria Geothermal GmbH, Vienna (OGEO)
OGREEN
C
100.00
100.00
OMV Barrow Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beagle Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beteiligungsverwaltungs GmbH, Vienna
OMV AG
NC
100.00
100.00
OMV Bina Bawi GmbH, Vienna
PETEX
NC
100.00
100.00
OMV Block 70 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Croatia Geothermal GmbH, Vienna
OGREEN
NC
100.00
OMV East Abu Dhabi Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Enerji Ticaret Anonim \u015eirketi, Istanbul8
OMVRM
C
100.00
100.00
OMV Exploration & Production GmbH, Vienna (OMVEP)
OMV AG
C
100.00
100.00
OMV EXPLORATION & PRODUCTION LIMITED, Douglas
OMVEP
NC
\u2014
100.00
OMV Gas Logistics Holding GmbH, Vienna (OGI)
OMV AG
C
100.00
100.00
OMV Gas Marketing & Trading Belgium, Brussels
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Deutschland GmbH, Dusseldorf
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading GmbH, Vienna (ECOGAS)
OMVRM
C
100.00
100.00
OMV Gas Marketing & Trading Hung\u00e1ria Kft., Budapest
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Italia S.r.l., Milan
ECOGAS
NC
100.00
100.00
OMV Gas Marketing Trading & Finance B.V., Amsterdam
OFS
C
100.00
100.00
OMV Gas Storage Germany GmbH, Cologne (OGSG)
OMVDS
C
100.00
100.00
OMV Gas Storage GmbH, Vienna
OGI
C
100.00
100.00
OMV Gaz Iletim A.S., Istanbul8
OMVRM
C
100.00
100.00
OMV Green Energy GmbH, Vienna (OGREEN)
OMVEP
C
100.00
100.00
OMV Jardan Block 3 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Maurice Energy GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Middle East & Africa GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Myrre Block 86 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV New Zealand Limited, Wellington (NZEA)
OMVEP
C
100.00
100.00
OMV NZ Production Limited, Wellington
NZEA
C
100.00
100.00
OMV OF LIBYA LIMITED, Douglas
OMVEP
C
100.00
100.00
OMV Offshore (Namibia) GmbH, Vienna (ONAFRU)
OMVEP
NC
100.00
100.00
OMV Offshore Bulgaria GmbH, Vienna
PETROM
C
100.00
100.00
OMV Offshore Morondava GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil and Gas Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Oil Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Orient Hydrocarbon GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Orient Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Petroleum Exploration GmbH, Vienna (PETEX)
OMVEP
NC
100.00
100.00
OMV Petroleum Pty Ltd, Perth
NZEA
NC
100.00
100.00
OMV PETROM E&P BULGARIA S.R.L., Bucharest
PETROM
C
100.00
100.00
OMV Petrom Energy Solution SRL, Bucharest
PETROM
NC
100.00
OMV PETROM GEORGIA LLC, Tbilisi
PETROM
C
100.00
100.00
OMV Proterra GmbH, Vienna
OEPA
NC
100.00
100.00
OMV Russia Upstream GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Upstream International GmbH, Vienna (OUPI)
OMVEP
C
100.00
100.00
Pearl Petroleum Company Limited, Road Town
OUPI
AEA
10.00
10.00
PEI Venezuela Gesellschaft mit beschr\u00e4nkter Haftung,
Burghausen
OMVEP
NC
100.00
100.00
PETROM EXPLORATION & PRODUCTION LIMITED, Douglas
PETROM
NC
100.00
99.99
POSEIDON EXL 005 ANS, Lysaker
ONOR
PC
50.00
Preussag Energie International GmbH, Burghausen4
OMVEP
NC
100.00
100.00
S. PARC FOTOVOLTAIC ISALNITA S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC ROVINARI EST S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC TISMANA 1 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. SOLARIST TISMANA 2 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
SapuraOMV Block 30, S. de R.L. de C.V., Mexico City
SEUPMY
C
99.00
99.00
SEMXMY
1.00
1.00
SapuraOMV Upstream (Americas) Sdn. Bhd., Kuala Lumpur (SEAMMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Australia) Sdn. Bhd., Kuala Lumpur (SEAUMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Holding) Sdn. Bhd., Kuala Lumpur (SEUPMY)
SOUPMY
C
100.00
100.00
SAPURAOMV UPSTREAM (MALAYSIA) SDN. BHD.,
Kuala Lumpur
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Mexico) Sdn. Bhd., Kuala Lumpur (SEMXMY)
SEAMMY
C
100.00
100.00
SapuraOMV Upstream (NZ) Sdn. Bhd., Kuala Lumpur (SENZMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Oceania) Sdn. Bhd., Kuala Lumpur (SEOCMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Sarawak) Inc., Nassau
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Western Australia) Pty Ltd, Perth
SEAUMY
C
100.00
100.00
SapuraOMV Upstream JV Sdn. Bhd., Kuala Lumpur
SENZMY
NC
100.00
100.00
SapuraOMV Upstream Sdn. Bhd., Kuala Lumpur (SOUPMY)
OMVEP
C
50.00
50.00
Corporate & Other
ASOCIATIA ROMANA PENTRU RELATIA CU INVESTITORII,
Bucharest
PETROM
NC-I
20.00
20.00
Diramic Insurance Limited, Gibraltar
OMV AG
C
100.00
100.00
OMV Clearing und Treasury GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Services GmbH, Vienna (OFS)
SNO
C
100.00
100.00
OMV Finance Services NOK GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Solutions USD GmbH, Vienna
SNO
C
100.00
100.00
OMV Insurance Broker GmbH in Liqu., Vienna5
OMV AG
NC
100.00
100.00
OMV International Oil & Gas GmbH, Baar
OMV AG
C
100.00
100.00
OMV Petrom Global Solutions SRL, Bucharest
SNO
C
75.00
75.00
PETROM
25.00
25.00
OMV Solutions GmbH, Vienna (SNO)
OMV AG
C
100.00
100.00
PETROMED SOLUTIONS SRL, Bucharest
PETROM
C
100.00
100.00
Assigned to multiple segments9
C2PAT GmbH & Co KG, Vienna
BORAAG
AEJ
\u2014
25.00
OMVRM
\u2014
25.00
C2PAT GmbH, Vienna
BORAAG
AEJ
25.00
25.00
OMVRM
25.00
25.00
OMV Deutschland GmbH, Burghausen (OMVD)
OMVRM
C
90.00
90.00
OMV AG
10.00
10.00
OMV Deutschland Marketing & Trading GmbH & Co. KG,
Burghausen10
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Deutschland Operations GmbH & Co. KG, Burghausen
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Downstream GmbH, Vienna (OMVRM)
OMV AG
C
100.00
100.00
OMV PETROM SA, Bucharest (PETROM)
OMV AG
C
51.16
51.16
1 Type of consolidation:
C Consolidated subsidiary
AEA Associated companies accounted at-equity
AEJ Joint venture accounted at-equity
PC Joint operation; accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
NC-I Other not consolidated investment; associated companies and joint ventures of relatively little importance to the assets and earnings of the consolidated financial statements
NC Not-consolidated subsidiary; shell or distribution companies of relative insignificance individually and collectively to the consolidated financial statements
2 Incorporated in Wilmington
3 Economic share 100.00%
4 Type of consolidation was changed compared to 2022.
5 Company\u2019s legal name changed following the initiation of liquidation.
6 Despite majority interest not being fully consolidated, but accounted for at-equity due to absence of control.
7 Economic share 99.99%
8 Segment assignment was changed compared to 2022.
9 Assigned to the relevant segments in the segment reporting
10 In the 2023 financial year, OMV Deutschland Marketing & Trading GmbH & Co. KG made use of the exemption provision for the preparation of the annual financial statement and director\u2019s report, audit and disclosure pursuant to Section 264b\u00a0HGB in conjunction with Section 325\u00a0HGB. The company's exemption is mentioned in its notes and published in the Federal Gazette with reference to this provision and an indication of the parent company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-13": { "value": "These financial statements have been prepared and are in compliance with International Financial Reporting Standards (IFRSs) as adopted by the EU and in accordance with the supplementary accounting regulations pursuant to Sec. 245a, Para. 1 of the Austrian Commercial Code (UGB).", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-12": { "value": "These financial statements have been prepared and are in compliance with International Financial Reporting Standards (IFRSs) as adopted by the EU and in accordance with the supplementary accounting regulations pursuant to Sec. 245a, Para. 1 of the Austrian Commercial Code (UGB).The consolidated financial statements comprise the financial statements of OMV Aktiengesellschaft and the entities it controls (its subsidiaries) as at December 31, 2023. The financial statements of all consolidated companies are prepared in accordance with uniform Group-wide accounting policies.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-14": { "value": "The consolidated financial statements for 2023 are subject to approval and release for publication by the Supervisory Board on March 7, 2024", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-15": { "value": "
2 Effects of climate change and the energy transition
The Group is exposed to physical climate risks as well as risks associated with the energy transition, including risks for stranded assets, decrease in demand for fossil products, and regulatory risks. The risks from climate change and their management are described in the Directors\u2019 Report, section Risk Management.

OMV\u2019s targets and commitments to decarbonization

Effects on estimation uncertainty
The base case is built on a scenario developed by the internal Market Intelligence department and assumes that all decarbonization pledges announced by governments around the world will be implemented in full and on time. In this scenario, the temperature increase by 2100 will be limited to 1.7\u00b0C with a probability of 50%. The underlying demand and price developments of fossil commodities are in line with the Announced Pledges Scenario (APS) which was modeled by the International Energy Agency (IEA).16 The base case is used for mid-term planning as well as for estimates relating to the measurement of various items in the Group financial statements, including impairment testing of non-financial assets and the measurement of provisions.

Recoverability of\u00a0assets\u00a0
The following table summarizes the carrying amounts of the Group\u2019s intangible assets (incl. goodwill), PPE, and at-equity-accounted investments disaggregated according to the type of assets as at December 31, 2023:
Carrying amounts as of December 31, 2023
in EUR mn
Segment
Intangible
assets (incl. goodwill)
Property, plant and equipment
Equity-
accounted
investments
Chemical production and recycling (incl. C&M part
of refineries)
C&M
975
5,643
4,747
Refining
F&F
101
3,255
1,655
Retail
F&F
23
1,129
\u2014
Oil and gas exploration and evaluation
Energy
270
\u2014
\u2014
Oil and gas production
Energy
356
9,313
264
Gas storages and power plant
Energy
17
523
0
Other
38
217
2
Total
1,779
20,081
6,668
2023 Price assumptions for base case and impairment testing
2024
2025
2026
2027
2028
2030
2040
2050
Brent oil price (USD/bbl)
78
71
65
64
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.15
1.15
1.15
1.15
1.15
1.15
Brent oil price (EUR/bbl)
71
65
57
56
52
52
48
48
Gas price THE (EUR/MWh)
44
38
34
25
22
22
22
22
CO2 price EUA (EUR/t)
92
99
106
112
118
130
144
144
2022 Price assumptions for base case and impairment testing
2023
2024
2025
2026
2027
2030
2040
2050
Brent oil price (USD/bbl)
78
72
66
60
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
Brent oil price (EUR/bbl)
71
65
60
55
54
54
50
50
Gas price THE (EUR/MWh)
89
62
44
33
25
22
22
22
CO2 price EUA (EUR/t)
83
89
94
99
104
117
129
107

2023 Price assumptions for \u201cnet zero emissions by 2050\u201d sensitivities
2024
2025
2026
2027
2028
2030
2040
2050
Brent oil price (USD/bbl)
58
52
47
46
45
35
26
18
EUR\u2013USD exchange rate
1.15
1.15
1.15
1.15
1.15
1.15
1.15
1.15
Brent oil price (EUR/bbl)
53
48
41
40
39
31
22
16
Gas price THE (EUR/MWh)
29
27
25
18
16
16
13
11
CO2 prices (EUR/t):
EUA/Advanced economies with net zero pledges
102
109
115
121
127
138
201
251
Emerging and developing economies with net zero pledges
46
54
62
69
76
89
157
201
Other emerging and developing economies
5
5
5
5
9
24
82
181
Estimation of maturities and cash outflows of decommissioning and restoration obligations1
In EUR mn
2023
Carrying amount
Undiscounted inflated costs
\u22641 year
69
78
1\u201310 years
1,239
1,762
11\u201320 years
2,421
4,673
21\u201330 years
233
730
>30 years
185
679
Total
4,148
7,922
1 Mainly related to decommissioning and restoration obligations in the Energy business segment
For refinery and chemical sites built on owned land, no decommissioning provisions are recognized because these plants are long-lived assets that will continue to be used in an energy transition scenario. For OMV\u2019s European refinery sites, there are significant investments planned in the next years with the goal of transforming them in the direction of renewable fuels and chemical feedstock production with deeper chemicals integration. Furthermore, ADNOC Refining is expected to continue to operate under a Paris-aligned scenario because of its favorable positioning in the market.
Deferred tax assets
Impact on ability to pay dividend
The management assessed the impact of the \u201cnet zero emissions by 2050\u201d scenario on the ability of OMV Aktiengesellschaft to pay dividend. The potential impairment loss in this scenario 2023 would not impact the ability to pay dividends in 2024 because of the strong result and financial reserves at the level of the stand-alone financial statements of OMV Aktiengesellschaft which are the basis for dividend payments.
3 Accounting policies, judgments, and estimates
1) Significant judgments and estimates

Significant estimates and judgments: Recoverability of unproved oil and gas assets
There may be cases when costs related to unproved oil and gas properties remain capitalized over longer periods while various appraisal and seismic activities continue in order to assess the size of the reservoir and its commerciality. Further decisions on the optimum timing of such developments are made from a resource and portfolio point of view. As soon as there is no further intention to develop a discovery, the assets are immediately impaired.

Significant estimate: Oil and gas reserves
The oil and gas reserves are estimated by the Group\u2019s petroleum experts in accordance with industry standards and reassessed at least once per year. In addition, external reviews are performed regularly. In 2023, the reserves of all material oil and gas assets (as of December 31, 2022), except for those in Tunisia, the Kurdistan region of Iraq (KRI), Malaysia and Yemen were externally reviewed by DeGolyer and MacNaughton (D&M). The reserves of the oil and gas assets in Tunisia, KRI, and Malaysia were externally reviewed the year before.
The results of the external reviews did not show significant deviations from the internal estimates, apart from a few exceptional cases. In the case of significant deviations, OMV performs further analysis, involving additional independent experts where necessary.
Oil and gas reserve estimates have a significant impact on the assessment of the recoverability of the carrying amounts of the Group\u2019s oil and gas assets. Downward revisions of these estimates could lead to impairment of the asset\u2019s carrying amount. In addition, changes to the estimates of oil and gas reserves impact prospectively the amount of amortization and depreciation.

Significant estimates and judgments: Recoverability of assets
Evaluating whether assets or CGUs are impaired or whether past impairments should be reversed, requires the use of various estimates and assumptions such as price and margin developments, production volumes and discount rates.
Changes in the economic situation, expectations of climate-related risks or other facts and circumstances might require a revision of these assumptions and could lead to impairments of assets or reversals of impairments within the next financial year. The management performs this analysis for each material CGU. The impairments and reversals recognized in the reporting period are presented in Note 8 \u2013 Depreciation, amortization, impairments and write-ups.
The price and margin assumptions used in impairment testing are reviewed annually by management and approved by the Supervisory Board as part of mid-term planning (MTP). They are based on management\u2019s best estimate and consistent with external sources. Whereas prices in the near term are anchored in recent forward prices and market developments, long-term price assumptions are developed using a variety of long-term forecasts by reputable experts and consider long-term views of global supply and demand. OMV\u2019s long-term assumptions take into consideration the impacts of climate change and the energy transition to lower-carbon energy sources (see Note 2).The key valuation assumptions for the recoverable amounts of E&P assets are prices and margins, production volumes, exchange, and discount rates. The production profiles were estimated based on reserves estimates (see Note 3.2h) and past experience and represent management\u2019s best estimate of future production. The cash flow projections for the first five years are based on the mid-term plan and thereafter on \u201clife of field\u201d planning and therefore cover the whole life span of the field.
In the F&F and C&M business segments, the main assumptions for the calculation of the recoverable amounts are the relevant margins and volumes plus discount, inflation, and growth rates. The value in use calculation is based on the cash flows of the\u00a0five-year\u00a0mid-term plan and a terminal value.
The price sets used for the value in use calculations are included in Note 2 \u2013 Effects of climate change and the energy transition.

Significant estimates and judgments: Leases
OMV has a significant number of contracts in which it leases filling stations. Many of those contracts include prolongation and termination options. Prolongation options or periods after termination options are included in the lease term if it is reasonably certain that the lease will be prolonged or not terminated. When determining the lease term, the Group takes into account all relevant facts and circumstances that create an economic incentive for shortening or prolonging the lease term using the available options. When assessing the lease term of leases in filling stations for periods covered by prolongation or termination options, the assumption was applied that the lease term will not exceed 20 years.
Optional periods not taken into account in the measurement of the leases, exist mainly for E&P equipment in Romania, office buildings, a plot of land in Belgium and gas storage caverns in Germany. The prolongation option for the office buildings and the gas storage caverns can only be exercised in the distant future.

Significant estimates and judgments: Fair value and recoverability of financial assets
The management periodically assesses the receivable related to expenditure recoverable from the Romanian state regarding obligations for decommissioning and restoration costs in OMV Petrom SA. The assessment process takes into consideration aspects such as the history of amounts claimed, documentation process-related requirements, potential litigation, and arbitration proceedings.
OMV has a contractual position toward Gazprom from the redetermination of the reserves of the Yuzhno Russkoye gas field, which was taken over as part of the acquisition of the participation in this field in 2017. According to this agreement, the volume of gas reserves in the Yuzhno Russkoye field is contractually defined and if the reserves are higher or lower than what was assumed in the agreement, either OMV could be obligated to compensate Gazprom (but would have profited in the future from higher sales volumes) or Gazprom could be obligated to compensate OMV. The payment for the reserve redetermination is linked to the actual amount of the gas reserves.
A fair value calculation based on three different scenarios, one of them based on an internal estimate by OMV, led to a positive value. In the current difficult political and legal environment in Russia, however, OMV does not expect this contractual position to be recoverable and measures this receivable with a value of zero (2022: zero).Details on the valuation of the investments measured at fair value through profit or loss in the Yuzhno Russkoye gas field can be found in Note 20 \u2013 Financial assets.

Significant estimates and judgments: Decommissioning provisions
The most significant decommissioning obligations of the Group are related to the plugging of wells, the abandonment of facilities, and the removal and disposal of offshore installations. The majority of these activities are planned to occur many years in the future, while decommissioning technologies, costs, regulations and public expectations are constantly changing. Estimates of future restoration costs are based on reports prepared by Group experts or by partner companies and on past experience. Any significant downward changes in the expected future costs or postponement in the future affect both the provision and the related asset, to the extent that there is sufficient carrying amount. Otherwise, the provision is reversed to income. Significant upward revisions trigger the assessment of the recoverability of the underlying asset.
Provisions for decommissioning and restoration costs require estimates of discount and inflation rates, which have material effects on the amounts of the provision. The assumptions used are disclosed in Note 25 \u2013 Provisions.

Significant estimates and judgments: Pensions and similar obligations
The projected unit credit method of calculating provisions for pensions, severance and jubilee entitlements requires estimates of discount rates, future increases in salaries and future increases in pensions. For current actuarial assumptions for calculating expected defined benefit entitlements and their sensitivity analysis see Note 25 \u2013 Provisions.
The biometrical basis for calculating provisions for pensions, severance and jubilee entitlements of Austrian Group companies is provided by AV\u00d6 2018 P \u2013 Angestellte - Rechnungsgrundlagen f\u00fcr die Pensionsversicherung (Biometric Tables for Pension Insurance), using the variant for salaried employees. In other countries, similar actuarial parameters are used. Employee turnover was computed based on age or years of service, respectively. The expected retirement age used for calculations is based on the relevant country\u2019s legislation.

Significant estimates and judgments: Provisions for onerous contracts
OMV concluded several long-term, non-cancellable contracts in the past that became onerous due to the negative development of market conditions. This led to the recognition of onerous contract provisions in the Group\u2019s financial statements for the unavoidable costs of meeting the contract obligations.
The estimates used for calculating the positive contributions that partly cover the fixed costs were based on external sources and management expectations. For more details see Note 25 \u2013 Provisions.

Significant estimates and judgments: Recoverability of deferred tax assets
The recognition of deferred tax assets requires an assessment of when those assets are likely to reverse, and an evaluation as to whether or not there will be sufficient taxable profits available to offset the assets when they reverse. This assessment of recoverability requires assumptions regarding future taxable profits and is therefore uncertain. At OMV, this assessment is based on detailed tax plannings that covers the life span of fields in E&P entities and a five-year period in the other entities.
Changes in the assumptions regarding future taxable profits can lead to an increase or decrease in theamount of deferred tax assets recognized, which has an impact on the net income in the period in which the change occurs.
29 Contingent liabilities
On April 16, 2020, the Bulgarian Commission on Protection of Competition announced the initiation of an investigation into how prices are determined on the fuel market. OMV Bulgaria EOOD is a subject of this investigation, among other major manufacturers and retailers on the Bulgarian market. During 2020, two requests for information were received from authorities and the responses were submitted in due time. There were no additional requests from the authorities in 2021, 2022, and 2023, but the investigation is not yet finalized. The sanctions for antitrust infringements are up to 10% of the total company\u2019s turnover of the respective undertaking for the financial year prior to the sanctioning decision. At the date of these financial statements, OMV is not able to evaluate the outcome of the investigation and no provision was recorded in this respect.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-16": { "value": "
2 Effects of climate change and the energy transition
The Group is exposed to physical climate risks as well as risks associated with the energy transition, including risks for stranded assets, decrease in demand for fossil products, and regulatory risks. The risks from climate change and their management are described in the Directors\u2019 Report, section Risk Management.

OMV\u2019s targets and commitments to decarbonization

Effects on estimation uncertainty
The base case is built on a scenario developed by the internal Market Intelligence department and assumes that all decarbonization pledges announced by governments around the world will be implemented in full and on time. In this scenario, the temperature increase by 2100 will be limited to 1.7\u00b0C with a probability of 50%. The underlying demand and price developments of fossil commodities are in line with the Announced Pledges Scenario (APS) which was modeled by the International Energy Agency (IEA).16 The base case is used for mid-term planning as well as for estimates relating to the measurement of various items in the Group financial statements, including impairment testing of non-financial assets and the measurement of provisions.

Recoverability of\u00a0assets\u00a0
The following table summarizes the carrying amounts of the Group\u2019s intangible assets (incl. goodwill), PPE, and at-equity-accounted investments disaggregated according to the type of assets as at December 31, 2023:
Carrying amounts as of December 31, 2023
in EUR mn
Segment
Intangible
assets (incl. goodwill)
Property, plant and equipment
Equity-
accounted
investments
Chemical production and recycling (incl. C&M part
of refineries)
C&M
975
5,643
4,747
Refining
F&F
101
3,255
1,655
Retail
F&F
23
1,129
\u2014
Oil and gas exploration and evaluation
Energy
270
\u2014
\u2014
Oil and gas production
Energy
356
9,313
264
Gas storages and power plant
Energy
17
523
0
Other
38
217
2
Total
1,779
20,081
6,668
2023 Price assumptions for base case and impairment testing
2024
2025
2026
2027
2028
2030
2040
2050
Brent oil price (USD/bbl)
78
71
65
64
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.15
1.15
1.15
1.15
1.15
1.15
Brent oil price (EUR/bbl)
71
65
57
56
52
52
48
48
Gas price THE (EUR/MWh)
44
38
34
25
22
22
22
22
CO2 price EUA (EUR/t)
92
99
106
112
118
130
144
144
2022 Price assumptions for base case and impairment testing
2023
2024
2025
2026
2027
2030
2040
2050
Brent oil price (USD/bbl)
78
72
66
60
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
Brent oil price (EUR/bbl)
71
65
60
55
54
54
50
50
Gas price THE (EUR/MWh)
89
62
44
33
25
22
22
22
CO2 price EUA (EUR/t)
83
89
94
99
104
117
129
107

2023 Price assumptions for \u201cnet zero emissions by 2050\u201d sensitivities
2024
2025
2026
2027
2028
2030
2040
2050
Brent oil price (USD/bbl)
58
52
47
46
45
35
26
18
EUR\u2013USD exchange rate
1.15
1.15
1.15
1.15
1.15
1.15
1.15
1.15
Brent oil price (EUR/bbl)
53
48
41
40
39
31
22
16
Gas price THE (EUR/MWh)
29
27
25
18
16
16
13
11
CO2 prices (EUR/t):
EUA/Advanced economies with net zero pledges
102
109
115
121
127
138
201
251
Emerging and developing economies with net zero pledges
46
54
62
69
76
89
157
201
Other emerging and developing economies
5
5
5
5
9
24
82
181
Estimation of maturities and cash outflows of decommissioning and restoration obligations1
In EUR mn
2023
Carrying amount
Undiscounted inflated costs
\u22641 year
69
78
1\u201310 years
1,239
1,762
11\u201320 years
2,421
4,673
21\u201330 years
233
730
>30 years
185
679
Total
4,148
7,922
1 Mainly related to decommissioning and restoration obligations in the Energy business segment
For refinery and chemical sites built on owned land, no decommissioning provisions are recognized because these plants are long-lived assets that will continue to be used in an energy transition scenario. For OMV\u2019s European refinery sites, there are significant investments planned in the next years with the goal of transforming them in the direction of renewable fuels and chemical feedstock production with deeper chemicals integration. Furthermore, ADNOC Refining is expected to continue to operate under a Paris-aligned scenario because of its favorable positioning in the market.
Deferred tax assets
Impact on ability to pay dividend
The management assessed the impact of the \u201cnet zero emissions by 2050\u201d scenario on the ability of OMV Aktiengesellschaft to pay dividend. The potential impairment loss in this scenario 2023 would not impact the ability to pay dividends in 2024 because of the strong result and financial reserves at the level of the stand-alone financial statements of OMV Aktiengesellschaft which are the basis for dividend payments.
1) Significant judgments and estimates

Significant estimates and judgments: Recoverability of unproved oil and gas assets
There may be cases when costs related to unproved oil and gas properties remain capitalized over longer periods while various appraisal and seismic activities continue in order to assess the size of the reservoir and its commerciality. Further decisions on the optimum timing of such developments are made from a resource and portfolio point of view. As soon as there is no further intention to develop a discovery, the assets are immediately impaired.

Significant estimate: Oil and gas reserves
The oil and gas reserves are estimated by the Group\u2019s petroleum experts in accordance with industry standards and reassessed at least once per year. In addition, external reviews are performed regularly. In 2023, the reserves of all material oil and gas assets (as of December 31, 2022), except for those in Tunisia, the Kurdistan region of Iraq (KRI), Malaysia and Yemen were externally reviewed by DeGolyer and MacNaughton (D&M). The reserves of the oil and gas assets in Tunisia, KRI, and Malaysia were externally reviewed the year before.
The results of the external reviews did not show significant deviations from the internal estimates, apart from a few exceptional cases. In the case of significant deviations, OMV performs further analysis, involving additional independent experts where necessary.
Oil and gas reserve estimates have a significant impact on the assessment of the recoverability of the carrying amounts of the Group\u2019s oil and gas assets. Downward revisions of these estimates could lead to impairment of the asset\u2019s carrying amount. In addition, changes to the estimates of oil and gas reserves impact prospectively the amount of amortization and depreciation.

Significant estimates and judgments: Recoverability of assets
Evaluating whether assets or CGUs are impaired or whether past impairments should be reversed, requires the use of various estimates and assumptions such as price and margin developments, production volumes and discount rates.
Changes in the economic situation, expectations of climate-related risks or other facts and circumstances might require a revision of these assumptions and could lead to impairments of assets or reversals of impairments within the next financial year. The management performs this analysis for each material CGU. The impairments and reversals recognized in the reporting period are presented in Note 8 \u2013 Depreciation, amortization, impairments and write-ups.
The price and margin assumptions used in impairment testing are reviewed annually by management and approved by the Supervisory Board as part of mid-term planning (MTP). They are based on management\u2019s best estimate and consistent with external sources. Whereas prices in the near term are anchored in recent forward prices and market developments, long-term price assumptions are developed using a variety of long-term forecasts by reputable experts and consider long-term views of global supply and demand. OMV\u2019s long-term assumptions take into consideration the impacts of climate change and the energy transition to lower-carbon energy sources (see Note 2).The key valuation assumptions for the recoverable amounts of E&P assets are prices and margins, production volumes, exchange, and discount rates. The production profiles were estimated based on reserves estimates (see Note 3.2h) and past experience and represent management\u2019s best estimate of future production. The cash flow projections for the first five years are based on the mid-term plan and thereafter on \u201clife of field\u201d planning and therefore cover the whole life span of the field.
In the F&F and C&M business segments, the main assumptions for the calculation of the recoverable amounts are the relevant margins and volumes plus discount, inflation, and growth rates. The value in use calculation is based on the cash flows of the\u00a0five-year\u00a0mid-term plan and a terminal value.
The price sets used for the value in use calculations are included in Note 2 \u2013 Effects of climate change and the energy transition.

Significant estimates and judgments: Leases
OMV has a significant number of contracts in which it leases filling stations. Many of those contracts include prolongation and termination options. Prolongation options or periods after termination options are included in the lease term if it is reasonably certain that the lease will be prolonged or not terminated. When determining the lease term, the Group takes into account all relevant facts and circumstances that create an economic incentive for shortening or prolonging the lease term using the available options. When assessing the lease term of leases in filling stations for periods covered by prolongation or termination options, the assumption was applied that the lease term will not exceed 20 years.
Optional periods not taken into account in the measurement of the leases, exist mainly for E&P equipment in Romania, office buildings, a plot of land in Belgium and gas storage caverns in Germany. The prolongation option for the office buildings and the gas storage caverns can only be exercised in the distant future.

Significant estimates and judgments: Fair value and recoverability of financial assets
The management periodically assesses the receivable related to expenditure recoverable from the Romanian state regarding obligations for decommissioning and restoration costs in OMV Petrom SA. The assessment process takes into consideration aspects such as the history of amounts claimed, documentation process-related requirements, potential litigation, and arbitration proceedings.
OMV has a contractual position toward Gazprom from the redetermination of the reserves of the Yuzhno Russkoye gas field, which was taken over as part of the acquisition of the participation in this field in 2017. According to this agreement, the volume of gas reserves in the Yuzhno Russkoye field is contractually defined and if the reserves are higher or lower than what was assumed in the agreement, either OMV could be obligated to compensate Gazprom (but would have profited in the future from higher sales volumes) or Gazprom could be obligated to compensate OMV. The payment for the reserve redetermination is linked to the actual amount of the gas reserves.
A fair value calculation based on three different scenarios, one of them based on an internal estimate by OMV, led to a positive value. In the current difficult political and legal environment in Russia, however, OMV does not expect this contractual position to be recoverable and measures this receivable with a value of zero (2022: zero).Details on the valuation of the investments measured at fair value through profit or loss in the Yuzhno Russkoye gas field can be found in Note 20 \u2013 Financial assets.

Significant estimates and judgments: Decommissioning provisions
The most significant decommissioning obligations of the Group are related to the plugging of wells, the abandonment of facilities, and the removal and disposal of offshore installations. The majority of these activities are planned to occur many years in the future, while decommissioning technologies, costs, regulations and public expectations are constantly changing. Estimates of future restoration costs are based on reports prepared by Group experts or by partner companies and on past experience. Any significant downward changes in the expected future costs or postponement in the future affect both the provision and the related asset, to the extent that there is sufficient carrying amount. Otherwise, the provision is reversed to income. Significant upward revisions trigger the assessment of the recoverability of the underlying asset.
Provisions for decommissioning and restoration costs require estimates of discount and inflation rates, which have material effects on the amounts of the provision. The assumptions used are disclosed in Note 25 \u2013 Provisions.

Significant estimates and judgments: Pensions and similar obligations
The projected unit credit method of calculating provisions for pensions, severance and jubilee entitlements requires estimates of discount rates, future increases in salaries and future increases in pensions. For current actuarial assumptions for calculating expected defined benefit entitlements and their sensitivity analysis see Note 25 \u2013 Provisions.
The biometrical basis for calculating provisions for pensions, severance and jubilee entitlements of Austrian Group companies is provided by AV\u00d6 2018 P \u2013 Angestellte - Rechnungsgrundlagen f\u00fcr die Pensionsversicherung (Biometric Tables for Pension Insurance), using the variant for salaried employees. In other countries, similar actuarial parameters are used. Employee turnover was computed based on age or years of service, respectively. The expected retirement age used for calculations is based on the relevant country\u2019s legislation.

Significant estimates and judgments: Provisions for onerous contracts
OMV concluded several long-term, non-cancellable contracts in the past that became onerous due to the negative development of market conditions. This led to the recognition of onerous contract provisions in the Group\u2019s financial statements for the unavoidable costs of meeting the contract obligations.
The estimates used for calculating the positive contributions that partly cover the fixed costs were based on external sources and management expectations. For more details see Note 25 \u2013 Provisions.

Significant estimates and judgments: Recoverability of deferred tax assets
The recognition of deferred tax assets requires an assessment of when those assets are likely to reverse, and an evaluation as to whether or not there will be sufficient taxable profits available to offset the assets when they reverse. This assessment of recoverability requires assumptions regarding future taxable profits and is therefore uncertain. At OMV, this assessment is based on detailed tax plannings that covers the life span of fields in E&P entities and a five-year period in the other entities.
Changes in the assumptions regarding future taxable profits can lead to an increase or decrease in theamount of deferred tax assets recognized, which has an impact on the net income in the period in which the change occurs.
", "dimensions": { "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-17": { "value": "
The base case is built on a scenario developed by the internal Market Intelligence department and assumes that all decarbonization pledges announced by governments around the world will be implemented in full and on time. In this scenario, the temperature increase by 2100 will be limited to 1.7\u00b0C with a probability of 50%. The underlying demand and price developments of fossil commodities are in line with the Announced Pledges Scenario (APS) which was modeled by the International Energy Agency (IEA).16 The base case is used for mid-term planning as well as for estimates relating to the measurement of various items in the Group financial statements, including impairment testing of non-financial assets and the measurement of provisions.

Recoverability of\u00a0assets\u00a0
The following table summarizes the carrying amounts of the Group\u2019s intangible assets (incl. goodwill), PPE, and at-equity-accounted investments disaggregated according to the type of assets as at December 31, 2023:
Carrying amounts as of December 31, 2023
in EUR mn
Segment
Intangible
assets (incl. goodwill)
Property, plant and equipment
Equity-
accounted
investments
Chemical production and recycling (incl. C&M part
of refineries)
C&M
975
5,643
4,747
Refining
F&F
101
3,255
1,655
Retail
F&F
23
1,129
\u2014
Oil and gas exploration and evaluation
Energy
270
\u2014
\u2014
Oil and gas production
Energy
356
9,313
264
Gas storages and power plant
Energy
17
523
0
Other
38
217
2
Total
1,779
20,081
6,668
2023 Price assumptions for base case and impairment testing
2024
2025
2026
2027
2028
2030
2040
2050
Brent oil price (USD/bbl)
78
71
65
64
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.15
1.15
1.15
1.15
1.15
1.15
Brent oil price (EUR/bbl)
71
65
57
56
52
52
48
48
Gas price THE (EUR/MWh)
44
38
34
25
22
22
22
22
CO2 price EUA (EUR/t)
92
99
106
112
118
130
144
144
2022 Price assumptions for base case and impairment testing
2023
2024
2025
2026
2027
2030
2040
2050
Brent oil price (USD/bbl)
78
72
66
60
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
Brent oil price (EUR/bbl)
71
65
60
55
54
54
50
50
Gas price THE (EUR/MWh)
89
62
44
33
25
22
22
22
CO2 price EUA (EUR/t)
83
89
94
99
104
117
129
107
Goodwill is recorded as an asset and tested for impairment at least yearly. Impairments are recorded immediately through profit or loss; subsequent write-ups are not possible.
j) Impairment of assets

Significant estimates and judgments: Recoverability of assets
Evaluating whether assets or CGUs are impaired or whether past impairments should be reversed, requires the use of various estimates and assumptions such as price and margin developments, production volumes and discount rates.
Changes in the economic situation, expectations of climate-related risks or other facts and circumstances might require a revision of these assumptions and could lead to impairments of assets or reversals of impairments within the next financial year. The management performs this analysis for each material CGU. The impairments and reversals recognized in the reporting period are presented in Note 8 \u2013 Depreciation, amortization, impairments and write-ups.
The price and margin assumptions used in impairment testing are reviewed annually by management and approved by the Supervisory Board as part of mid-term planning (MTP). They are based on management\u2019s best estimate and consistent with external sources. Whereas prices in the near term are anchored in recent forward prices and market developments, long-term price assumptions are developed using a variety of long-term forecasts by reputable experts and consider long-term views of global supply and demand. OMV\u2019s long-term assumptions take into consideration the impacts of climate change and the energy transition to lower-carbon energy sources (see Note 2).The key valuation assumptions for the recoverable amounts of E&P assets are prices and margins, production volumes, exchange, and discount rates. The production profiles were estimated based on reserves estimates (see Note 3.2h) and past experience and represent management\u2019s best estimate of future production. The cash flow projections for the first five years are based on the mid-term plan and thereafter on \u201clife of field\u201d planning and therefore cover the whole life span of the field.
In the F&F and C&M business segments, the main assumptions for the calculation of the recoverable amounts are the relevant margins and volumes plus discount, inflation, and growth rates. The value in use calculation is based on the cash flows of the\u00a0five-year\u00a0mid-term plan and a terminal value.
The price sets used for the value in use calculations are included in Note 2 \u2013 Effects of climate change and the energy transition.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-18": { "value": "
The base case is built on a scenario developed by the internal Market Intelligence department and assumes that all decarbonization pledges announced by governments around the world will be implemented in full and on time. In this scenario, the temperature increase by 2100 will be limited to 1.7\u00b0C with a probability of 50%. The underlying demand and price developments of fossil commodities are in line with the Announced Pledges Scenario (APS) which was modeled by the International Energy Agency (IEA).16 The base case is used for mid-term planning as well as for estimates relating to the measurement of various items in the Group financial statements, including impairment testing of non-financial assets and the measurement of provisions.

Recoverability of\u00a0assets\u00a0
The following table summarizes the carrying amounts of the Group\u2019s intangible assets (incl. goodwill), PPE, and at-equity-accounted investments disaggregated according to the type of assets as at December 31, 2023:
Carrying amounts as of December 31, 2023
in EUR mn
Segment
Intangible
assets (incl. goodwill)
Property, plant and equipment
Equity-
accounted
investments
Chemical production and recycling (incl. C&M part
of refineries)
C&M
975
5,643
4,747
Refining
F&F
101
3,255
1,655
Retail
F&F
23
1,129
\u2014
Oil and gas exploration and evaluation
Energy
270
\u2014
\u2014
Oil and gas production
Energy
356
9,313
264
Gas storages and power plant
Energy
17
523
0
Other
38
217
2
Total
1,779
20,081
6,668
2023 Price assumptions for base case and impairment testing
2024
2025
2026
2027
2028
2030
2040
2050
Brent oil price (USD/bbl)
78
71
65
64
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.15
1.15
1.15
1.15
1.15
1.15
Brent oil price (EUR/bbl)
71
65
57
56
52
52
48
48
Gas price THE (EUR/MWh)
44
38
34
25
22
22
22
22
CO2 price EUA (EUR/t)
92
99
106
112
118
130
144
144
2022 Price assumptions for base case and impairment testing
2023
2024
2025
2026
2027
2030
2040
2050
Brent oil price (USD/bbl)
78
72
66
60
59
59
55
55
EUR\u2013USD exchange rate
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
Brent oil price (EUR/bbl)
71
65
60
55
54
54
50
50
Gas price THE (EUR/MWh)
89
62
44
33
25
22
22
22
CO2 price EUA (EUR/t)
83
89
94
99
104
117
129
107
Goodwill is recorded as an asset and tested for impairment at least yearly. Impairments are recorded immediately through profit or loss; subsequent write-ups are not possible.
j) Impairment of assets

Significant estimates and judgments: Recoverability of assets
Evaluating whether assets or CGUs are impaired or whether past impairments should be reversed, requires the use of various estimates and assumptions such as price and margin developments, production volumes and discount rates.
Changes in the economic situation, expectations of climate-related risks or other facts and circumstances might require a revision of these assumptions and could lead to impairments of assets or reversals of impairments within the next financial year. The management performs this analysis for each material CGU. The impairments and reversals recognized in the reporting period are presented in Note 8 \u2013 Depreciation, amortization, impairments and write-ups.
The price and margin assumptions used in impairment testing are reviewed annually by management and approved by the Supervisory Board as part of mid-term planning (MTP). They are based on management\u2019s best estimate and consistent with external sources. Whereas prices in the near term are anchored in recent forward prices and market developments, long-term price assumptions are developed using a variety of long-term forecasts by reputable experts and consider long-term views of global supply and demand. OMV\u2019s long-term assumptions take into consideration the impacts of climate change and the energy transition to lower-carbon energy sources (see Note 2).The key valuation assumptions for the recoverable amounts of E&P assets are prices and margins, production volumes, exchange, and discount rates. The production profiles were estimated based on reserves estimates (see Note 3.2h) and past experience and represent management\u2019s best estimate of future production. The cash flow projections for the first five years are based on the mid-term plan and thereafter on \u201clife of field\u201d planning and therefore cover the whole life span of the field.
In the F&F and C&M business segments, the main assumptions for the calculation of the recoverable amounts are the relevant margins and volumes plus discount, inflation, and growth rates. The value in use calculation is based on the cash flows of the\u00a0five-year\u00a0mid-term plan and a terminal value.
The price sets used for the value in use calculations are included in Note 2 \u2013 Effects of climate change and the energy transition.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-19": { "value": "
Recoverability of\u00a0assets\u00a0
The following table summarizes the carrying amounts of the Group\u2019s intangible assets (incl. goodwill), PPE, and at-equity-accounted investments disaggregated according to the type of assets as at December 31, 2023:
Carrying amounts as of December 31, 2023
in EUR mn
Segment
Intangible
assets (incl. goodwill)
Property, plant and equipment
Equity-
accounted
investments
Chemical production and recycling (incl. C&M part
of refineries)
C&M
975
5,643
4,747
Refining
F&F
101
3,255
1,655
Retail
F&F
23
1,129
\u2014
Oil and gas exploration and evaluation
Energy
270
\u2014
\u2014
Oil and gas production
Energy
356
9,313
264
Gas storages and power plant
Energy
17
523
0
Other
38
217
2
Total
1,779
20,081
6,668
In addition, OMV holds minority stakes in various equity-accounted investments, the most significant ones being Borouge (United Arab Emirates), a Borealis\u2019 joint venture with ADNOC that operates the largest petrochemical complex in the world, and the Baystar joint venture (Pasadena, United States), which has operated an ethane cracker since 2022 and started up an additional polyethylene plant using the unique Borstar\u00ae technology in 2023.OMV holds minority stakes in various equity-accounted investments, the most significant being the 15% participation in ADNOC Refining (United Arab Emirates) with an annual capacity of 7.1 mn t (OMV share).
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
Information on geographical areas
In EUR mn
2023
2022
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Austria
9,097
4,918
13
14,911
4,365
16
Belgium
814
2,384
29
987
1,950
45
Germany
6,302
1,301
30
14,102
1,200
31
New Zealand
451
676
\u2014
598
864
\u2014
Norway
1,045
1,056
\u2014
1,584
1,219
\u2014
Romania
6,728
6,013
\u2014
10,149
5,437
\u2014
United Arab Emirates
1,459
1,682
5,638
1,644
1,677
6,073
Rest of CEE3
5,677
568
\u2014
7,548
554
\u2014
Rest of Europe
5,545
1,859
24
7,454
1,848
22
Rest of the world4
2,344
1,072
934
3,322
2,162
1,107
Allocated
39,463
21,529
6,668
62,298
21,274
7,294
Unallocated assets
\u2014
330
\u2014
\u2014
552
\u2014
Total
39,463
21,859
6,668
62,298
21,826
7,294
1 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
2 Equity-accounted investments are allocated based on the seat of the registered office of the parent company, not including assets held for sale.
3 Including T\u00fcrkiye
4 Rest of the world: principally Algeria, Argentina, Brazil, Canada, Chile, China, Colombia, Cuba, Egypt, India, Libya, Malaysia, Mexico, Morocco, Nigeria, Peru,
Qatar, Russia (only until February 2022), Saudi Arabia, South Africa, South Korea, Tunisia, United States of America, and Yemen
7 Other operating income and net income from equity-accounted investments
Other operating income and net income from equity-accounted investments
In EUR mn
2023
2022
Foreign exchange gains from operating activities
200
298
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets
237
766
Residual other operating income
305
579
Other operating income
742
1,644
Income from equity-accounted investments
580
937
Expenses from equity-accounted investments
\u2013254
\u201368
Net income from equity-accounted investments
326
869
Income from equity-accounted investments was mainly impacted by the Abu Dhabi Oil Refining Company and the Borouge investments. Expenses from equity-accounted investments were predominantly stemming from Bayport Polymers LLC, as well as from an impairment within Pearl Petroleum Company Limited. For further details see Note 18 \u2013 Equity-accounted investments.
Impairments and write-ups in Fuels & Feedstock
18 Equity-accounted investments
Material associates and joint ventures
Statement of comprehensive income \u2013 material associates
In EUR mn
2023
2022
Abu Dhabi Oil
Refining Company
Abu Dhabi Oil
Refining Company
Sales revenue
29,259
36,241
Net income for the year
1,187
2,054
Other comprehensive income
11
2
Total comprehensive income
1,198
2,056
Group\u2019s share of comprehensive income
180
308
Dividends received
206
116
Statement of financial position \u2013 material associates
In EUR mn
2023
2022
Abu Dhabi Oil
Refining Company
Abu Dhabi Oil
Refining Company
Non-current assets
16,216
17,084
Current assets
3,482
3,888
Non-current liabilities
5,636
6,363
Current liabilities
749
628
Equity
13,313
13,982
Group\u2019s share
1,997
2,097
OMV Group adjustments1
\u2013553
\u2013573
Carrying amount of investment
1,444
1,524
1 Related to impairment of investment
Statement of comprehensive income \u2013 material joint ventures
In EUR mn
2023
2022
Borouge
investments
Bayport
Polymers LLC
Borouge
investments
Bayport
Polymers LLC
Sales revenue
5,356
577
5,938
601
Depreciation, amortization, impairments and write-ups
\u2013760
\u2013135
\u2013771
\u201362
Interest income
25
2
19
1
Interest expenses
\u2013204
\u2013107
\u2013111
\u201323
Taxes on income and profit
\u2013301
\u20130
\u2013446
\u2014
Net income for the year
815
\u2013317
1,055
\u2013116
Other comprehensive income
\u20134
\u2014
20
\u2014
Total comprehensive income
811
\u2013317
1,075
\u2013116
Group\u2019s share of comprehensive income
280
\u2013158
407
\u201358
Dividends received
455
\u2014
592
\u2014
Statement of financial position \u2013 material joint ventures
In EUR mn
2023
2022
Borouge
investments
Bayport
Polymers LLC
Borouge
investments
Bayport
Polymers LLC
Non-current assets
6,271
3,894
6,842
4,002
Current assets
1,823
352
2,758
188
thereof cash and cash equivalents
320
41
1,072
30
Non-current liabilities
3,165
2,683
4,070
2,443
thereof non-current financial liabilities
(excl. other liabilities and provisions)
2,988
2,681
3,884
2,441
Current liabilities
815
343
964
352
thereof current financial liabilities
(excl. trade payables, other liabilities, and provisions)
8
195
4
206
Equity
4,114
1,219
4,566
1,396
Group\u2019s share
1,489
610
1,656
698
Goodwill
1,986
\u2014
2,058
\u2014
OMV Group adjustments1
263
\u201324
316
\u201324
Carrying amount of investment
3,737
586
4,030
674
1 OMV Group adjustments related to Borouge investments mainly referred to purchase price adjustments of EUR 377 mn (2022: EUR 448 mn) related to non-current assets and EUR 113 mn (2022: EUR 131 mn) related to non-current liabilities.
Carrying amount reconciliation
In EUR mn
2023
2022
Associate
Joint
Ventures
Associate
Joint
Ventures
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
January 1
1,524
4,030
674
1,181
4,061
688
Currency translation differences
\u201354
\u2013117
\u201322
83
248
44
Transfers
\u2014
\u2014
\u2014
\u2014
3372
\u2014
Additions and other changes
\u2014
\u2014
921
\u2014
\u2014
\u2014
Net income
178
281
\u2013158
308
400
\u201358
Write-ups (+)/Impairments (\u2013)
\u2014
\u2014
\u2014
67
\u2014
\u2014
Other comprehensive income
2
\u20131
\u2014
\u2014
7
\u2014
Disposals and other charges
\u2014
\u2014
\u2014
\u2014
\u20134303
\u2014
Dividends distributed
\u2013206
\u2013455
\u2014
\u2013116
\u2013592
\u2014
December 31
1,444
3,737
586
1,524
4,030
674
1 Refers to capital contribution.
2 Mainly comprises the direct share in PTE, which is part of Borouge investments and therefore included in the material joint ventures from 2022 onwards.
3 Refers to partial disposal of ADP and PTE as a result of ADX listing in 2022.
Individually immaterial associates and joint ventures
Furthermore, OMV has a 10% interest (2022: 10%) in Pearl Petroleum Company Limited, registered in Road Town, British Virgin Islands, which is involved in the exploration and production of hydrocarbons in the Kurdistan region of Iraq. According to the joint venture agreement OMV has significant influence within the meaning of IAS 28, as unanimous consent is required for some strategic decisions. Therefore, Pearl is accounted for using the equity method even though OMV\u2019s share is just 10%. In 2023, exploration & appraisal assets included in OMV\u2019s initial purchase price allocation of its share in Pearl were partly impaired.
In 2023, an impairment was recognized for the investment in BlueAlp Holding B.V. For further details please refer to Note 8 \u2013 Depreciation, Amortization, Impairments and Write-ups.
Statement of comprehensive income for individually immaterial associates and joint ventures \u2013 Group\u2019s share
In EUR mn
2023
2022
Associates
Joint ventures
Associates
Joint ventures
Sales revenue
5,797
360
5,889
461
Net income for the year
23
2
189
30
Other comprehensive income
\u2014
\u2014
0
\u20132
Total comprehensive income
23
2
190
27
Carrying amount reconciliation for individually immaterial associates and joint ventures
In EUR mn
2023
2022
Associates1
Joint ventures
Associates1
Joint ventures
January 1
568
498
541
416
Currency translation differences
\u201315
\u201333
\u20138
\u201313
Changes in the consolidated group2
7
\u2014
\u201389
\u2014
Transfers
\u2014
\u2014
\u2014
\u20133373
Additions and other changes
\u2014
2
24
4094
Net income
23
2
189
30
Impairments
\u201323
\u2014
\u2014
\u2014
Other comprehensive income
\u2014
\u2014
0
\u20132
Disposals and other changes
\u20131
\u20132
\u20131
\u2014
Dividends distributed
\u2013102
\u201323
\u201388
\u20135
December 31
458
443
568
498
1 Including associated companies accounted at-cost.
2 Changes in the consolidated group in 2022 represented the deconsolidation of OJSC Severneftegazprom.
3 Mainly comprises the transfer of the direct share in PTE, which is part of \u201cBorouge investments\u201d and therefore included in material joint ventures from 2022 onwards.
4 Refers mainly to the capital contribution to Borouge 4 LLC.
The gains and losses recognized directly in other comprehensive income and their related tax effects were as follows:
Tax effects relating to each component of other comprehensive income
In EUR mn
2023
2022
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Currency translation differences
\u2013542
\u20130
\u2013542
603
\u20132
602
Gains (+)/losses (\u2013) on hedges
\u2013360
83
\u2013277
40
\u20133
37
Remeasurement gains (+)/losses (\u2013)
on defined benefit plans
\u201358
7
\u201351
263
\u201335
228
Gains (+)/losses (\u2013) on equity
investments
\u20132
1
\u20132
2
1
3
Gains (+)/losses (\u2013) on hedges that
are subsequently transferred to
the carrying amount of the
hedged item
\u201327
6
\u201321
\u201367
8
\u201358
Share of other comprehensive
income of equity-accounted
investments
02
n.a.
0
62
n.a.
6
Other comprehensive income
for the year
\u2013989
97
\u2013893
847
\u201330
817
1 Including valuation allowances for deferred tax assets for the Austrian tax group. For further details please refer to Note 14 \u2013 Taxes on income and profit.
2 Represents net-of-tax amounts
40 Direct and indirect investments of OMV Aktiengesellschaft
Changes in the consolidated group
Name of company
Registered Office
Type of Change1
Effective date
Chemicals & Materials
Rosier France S.A.S.
Arras
Deconsolidation
January 2, 2023
Rosier Nederland B.V.
Sas van Gent
Deconsolidation
January 2, 2023
Rosier S.A.
Moustier
Deconsolidation
January 2, 2023
BlueAlp Holding B.V.2
Groot-Ammers
First consolidation (S)
January 11, 2023
Renasci Oostende Holding N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende Recycling N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende SCP N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci N.V.
Ostend
Increase in shares3
January 11, 2023
Petrogas International B.V.2
Eindhoven
First consolidation (S)
January 11, 2023
Borealis Agrolinz Melamine Deutschland GmbH
Wittenberg
Deconsolidation
July 5, 2023
Borealis Agrolinz Melamine GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Chimie S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T doo, Beograd
Belgrade
Deconsolidation
July 5, 2023
Borealis L.A.T France S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Produits et Engrais Chimiques du Rhin S.A.S.
Ottmarsheim
Deconsolidation
July 5, 2023
Feboran EOOD
Sofia
Deconsolidation
July 5, 2023
Neochim AD2
Dimitrovgrad
Deconsolidation
July 5, 2023
Kilpilahden Voimalaitos Oy2
Porvoo
First consolidation (I)
September 30, 2023
Circular Feedstock Walld\u00fcrn GmbH
Walld\u00fcrn
First consolidation (A)
October 6, 2023
Rialti S.p.A.
Taino
First consolidation (A)
October 31, 2023
Fuels & Feedstock
OMV Renewable Fuels & Feedstock B.V.
Beveren
First consolidation
April 20, 2023
Avanti Deutschland GmbH
Berchtesgaden
Deconsolidation
May 31, 2023
OMV Switzerland Holding AG
Zug
Deconsolidation (I)
June 30, 2023
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.
Koper
Deconsolidation
June 30, 2023
Energy
Preussag Energie International GmbH
Burghausen
Deconsolidation (I)
June 30, 2023
POSEIDON EXL 005 ANS4
Lysaker
First consolidation
July 17, 2023
Deeep Tiefengeothermie GmbH4
Vienna
First consolidation
October 20, 2023
Assigned to multiple segments
C2PAT GmbH & Co KG2
Vienna
Deconsolidation (M)
December 31, 2023
1 \u201cFirst consolidation\u201d refers to newly formed companies, \u201cFirst consolidation (A)\u201d indicates the acquisition of a company, \u201cFirst consolidation (S)\u201d refers to companies included in the consolidation scope due to change in ownership of the parent company, and companies marked with \u201cFirst consolidation (I)\u201d have been included in the consolidation after originally not being consolidated due to immateriality. \u201cDeconsolidation\u201d refers to companies that have been excluded from the Group investments following a sale, \u201cDeconsolidation (I)\u201d refers to companies that were deconsolidated due to immateriality while \u201cDeconsolidation (M)\u201d refers to companies that were deconsolidated following a merger into another Group company.
2 Company (previously) consolidated at-equity
3 Interest in Renasci N.V. increased from 27.42% to 50.01% which led to the change in the consolidation method from at-equity to full consolidation, and then further to 98.56%. This also led to the addition of multiple entities to the consolidated group, these entities are marked with \u201cFirst consolidation (S)\u201d in the table. For further details please refer to the paragraph below.
4 POSEIDON EXL 005 ANS and Deeep Tiefengeothermie GmbH have been included in the consolidated Group as a joint operations and are accounted for accordingly.
Number of consolidated companies
2023
2022
Full
consolidation
Equity
consolidation
Joint
operation1
Full
consolidation
Equity
consolidation
Joint
operation1
January 1
123
23
4
136
22
\u2014
Included for the first time
6
3
2
5
3
4
Change in consolidation type
1
\u20131
\u2014
\u2014
\u2014
\u2014
Deconsolidated during the year
\u201315
\u20132
\u2014
\u201318
\u20132
\u2014
December 31
115
23
6
123
23
4
thereof domiciled and operating abroad
82
18
5
88
17
4
thereof domiciled in Austria and
operating abroad
10
\u2014
\u2014
10
\u2014
\u2014
1 Accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
List of investments
List of subsidiaries, equity-accounted investments, and other investments of OMV Aktiengesellschaft with an interest of at least 20%
Parent
company
Type of
consoli-
dation1
Equity
interest
in % as of
December 31, 2023
Equity
interest
in % as of
December 31, 2022
Chemicals & Materials
AGRIPRODUITS S.A.S., Courbevoie (BAGRFR)
BCHIFR
NC
\u2014
100.00
AZOLOR S.A.S., Bras-sur-Meuse
BCHIFR
NC-I
\u2014
34.00
Bayport Polymers LLC, Pasadena2
BNOVUS
AEJ
50.00
50.00
BlueAlp Holding B.V., Groot-Ammers
BRENBE
AEA
21.25
Borealis AB, Stenungsund (BABSWE)
BSVSWE
C
100.00
100.00
Borealis AG, Vienna (BORAAG)
BHOLAT
C
39.00
39.00
OMVRM
32.67
32.67
OMV AG
3.33
3.33
Borealis Agrolinz Melamine Deutschland GmbH, Wittenberg
BORAAG
C
\u2014
100.00
Borealis Agrolinz Melamine GmbH, Linz (BAGMAT)
BORAAG
C
\u2014
100.00
Borealis Antwerpen N.V., Zwijndrecht
BPOBE
C
\u2014
90.00
BORAAG
100.00
10.00
Borealis Argentina SRL, Buenos Aires
BORAAG
NC
98.00
98.00
BSVSWE
2.00
2.00
BOREALIS ASIA LIMITED, Hong Kong
BORAAG
NC
100.00
100.00
Borealis BoNo Holdings LLC, Houston (BBNHUS)2
BUS
C
100.00
100.00
Borealis Brasil S.A., Itatiba
BORAAG
C
80.00
80.00
BOREALIS CHEMICALS ZA (PTY) LTD, Germiston
BORAAG
NC
100.00
100.00
Borealis Chile SpA, Santiago
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.R.L., Casablanca
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.S., Courbevoie (BCHIFR)
BFR
C
\u2014
100.00
Borealis Circular Solutions Holding GmbH, Vienna (BCIRC)
BORAAG
C
100.00
100.00
Borealis Colombia S.A.S., Bogota
BORAAG
NC
100.00
100.00
Borealis Compounds Inc., Houston (BCOMUS)
BUS
C
100.00
100.00
Borealis Denmark ApS, Copenhagen
BORAAG
NC
100.00
100.00
Borealis Digital Studio B.V., Zaventem
BORAAG
NC
100.00
90.00
BPOBE
\u2014
10.00
Borealis Financial Services N.V., Mechelen
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis France S.A.S., Courbevoie (BFR)
BORAAG
C
100.00
100.00
Borealis Group Services AS, Bamble
BABSWE
C
100.00
100.00
Borealis Insurance A/S (captive insurance company),
Copenhagen
BORAAG
C
100.00
100.00
Borealis ITALIA S.p.A., Monza
BORAAG
C
100.00
100.00
Borealis Kallo N.V., Kallo
BORAAG
C
100.00
0.06
BPOBE
\u2014
99.94
Borealis L.A.T Belgium B.V., Beringen
BLATAT
NC
\u2014
100.00
Borealis L.A.T Bulgaria EOOD, Sofia
BLATAT
NC
\u2014
100.00
Borealis L.A.T Czech Republic s.r.o., \u010cesk\u00e9 Bud\u011bjovice
BLATAT
NC
\u2014
100.00
Borealis L.A.T doo, Beograd, Belgrade
BLATAT
C
\u2014
100.00
Borealis L.A.T France S.A.S., Courbevoie
BFR
C
\u2014
100.00
Borealis L.A.T GmbH, Linz (BLATAT)
BORAAG
C
\u2014
100.00
Borealis L.A.T Greece Single Member P.C., Athens
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hrvatska d.o.o., Klisa
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hungary Kft., Budapest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Italia s.r.l., Milan
BORAAG
NC
\u2014
100.00
Borealis L.A.T Polska Sp. z o.o., Warsaw
BLATAT
NC
\u2014
100.00
Borealis L.A.T Romania s.r.l., Bucharest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Slovakia s.r.o., Chotin
BLATAT
NC
\u2014
100.00
Borealis M\u00e9xico, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BCOMUS
0.00
0.00
Borealis Middle East Holding GmbH, Vienna (BORMEH)
BORAAG
C
100.00
100.00
Borealis Plasticos, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BABSWE
\u2014
0.00
BCOMUS
0.00
Borealis Plastik ve Kimyasal Maddeler Ticaret Limited Sirketi,
Istanbul
BORAAG
NC
100.00
100.00
Borealis Plastomers B.V., Geleen
BORAAG
C
100.00
100.00
Borealis Poliolefinas da Am\u00e9rica do Sul Ltda., Itatiba
BORAAG
NC
99.99
99.99
BSVSWE
0.01
0.01
Borealis Polska Sp. z o.o., Warsaw
BORAAG
NC
100.00
100.00
Borealis Polymere GmbH, Burghausen (BPODE)
BORAAG
C
100.00
100.00
Borealis Polymers N.V., Beringen (BPOBE)
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis Polymers Oy, Porvoo
BORAAG
C
100.00
100.00
Borealis Polyolefine GmbH, Schwechat (BPOAT)
BORAAG
C
100.00
100.00
BSVSWE
0.00
0.00
Borealis Polyolefins d.o.o., Zagreb
BORAAG
NC
100.00
100.00
Borealis Polyolefins S.R.L., Bucharest
BORAAG
NC
100.00
100.00
Borealis Polyolefins s.r.o., Bratislava
BORAAG
NC
100.00
100.00
Borealis Produits et Engrais Chimiques du Rhin S.A.S.,
Ottmarsheim
BFR
C
\u2014
100.00
Borealis Qu\u00edmica Espa\u00f1a S.A., Barcelona
BORAAG
C
100.00
100.00
Borealis RUS LLC, Moscow
BORAAG
NC
100.00
100.00
Borealis s.r.o., Prague
BORAAG
NC
100.00
100.00
Borealis Services S.A.S., Paris
BFR
NC
100.00
100.00
Borealis Sverige AB, Stenungsund (BSVSWE)
BORAAG
C
100.00
100.00
Borealis Technology Oy, Porvoo
BORAAG
C
100.00
100.00
BOREALIS UK LTD, Manchester
BORAAG
C
100.00
100.00
Borealis USA Inc., Houston (BUS)
BORAAG
C
100.00
100.00
Borouge 4 LLC, Abu Dhabi
BORMEH
AEJ
40.00
40.00
Borouge PLC, Abu Dhabi (BOROLC)
BORMEH
AEJ
36.00
36.00
Borouge Pte. Ltd., Singapore
BOROLC
AEJ
84.75
84.75
BORMEH
15.25
15.25
Chemiepark Linz Betriebsfeuerwehr GmbH, Linz
BAGMAT
NC-I
\u2014
47.50
Circular Feedstock Walld\u00fcrn GmbH, Walld\u00fcrn3
OMVD
C
89.90
DYM SOLUTION CO., LTD, Cheonan
BORAAG
C
100.00
99.75
Ecoplast Kunststoffrecycling GmbH, Wildon
BORAAG
C
100.00
100.00
EPS Ethylen-Pipeline-S\u00fcd Gesch\u00e4ftsf\u00fchrungs GmbH, Munich
OMVD
NC-I
15.46
15.46
BPODE
7.73
7.73
EPS Ethylen-Pipeline-S\u00fcd GmbH & Co KG, Munich
OMVD
AEA
20.66
20.66
BPODE
10.33
10.33
Etenf\u00f6rs\u00f6rjning i Stenungsund AB, Stenungsund
BABSWE
C
80.00
80.00
Feboran EOOD, Sofia (BFEBGR)
BORAAG
C
\u2014
100.00
Franciade Agrifluides S.A.S. (FASA), Blois
BCHIFR
NC-I
\u2014
40.00
BAGRFR
\u2014
9.98
Hallbar Kemi i Stenungsund, Stenungsund
BABSWE
NC-I
20.00
20.00
Industrins R\u00e4ddningstj\u00e4nst i Stenungsund AB, Stenungsund
BABSWE
NC-I
25.00
25.00
KB Munker\u00f6d 1:72, Stenungsund
BABSWE
NC
100.00
100.00
BSVSWE
0.00
0.00
Kilpilahden Voimalaitos Oy, Porvoo4
BORAAG
AEA
20.00
20.00
mtm compact GmbH, Niedergebra
BORAAG
C
100.00
100.00
mtm plastics GmbH, Niedergebra
BORAAG
C
100.00
100.00
Neochim AD, Dimitrovgrad
BFEBGR
AEA
\u2014
20.30
Novealis Holdings LLC, Houston (BNOVUS)
BBNHUS
C
50.00
50.00
BSBHUS
50.00
50.00
OMV Borealis Holding GmbH, Vienna (BHOLAT)
OMVRM
C
100.00
100.00
Petrogas International B.V., Eindhoven
BRENBE
AEA
25.00
PetroPort Holding AB, Stenungsund
BABSWE
AEJ
50.00
50.00
Recelerate GmbH, Herborn
BORAAG
NC-I
50.00
50.00
Renasci N.V., Ostend (BRENBE)4
BCIRC
C
98.56
27.42
Renasci Oostende Holding N.V., Ostend (BRHOBE)
BRENBE
C
100.00
Renasci Oostende Recycling N.V., Ostend
BRHOBE
C
100.00
Renasci Oostende SCP N.V., Ostend
BRHOBE
C
100.00
Rialti S.p.A., Taino
BORAAG
C
100.00
Rosier France S.A.S., Arras
BROSBE
C
\u2014
100.00
Rosier Nederland B.V., Sas van Gent
BROSBE
C
\u2014
100.00
Rosier S.A., Moustier (BROSBE)
BORAAG
C
\u2014
98.09
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole Laignes Agrifluides (SICA Laignes Agrifluides), Mon\u00e9teau
BCHIFR
NC-I
\u2014
39.97
BAGRFR
\u2014
9.93
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole par Actions Simplifi\u00e9e
de Gouaix (SICA de Gouaix), Paris
BCHIFR
NC-I
\u2014
25.00
BLATAT
\u2014
0.00
Star Bridge Holdings LLC, Port Murray (BSBHUS)2
BUS
C
100.00
100.00
STOCKAM G.I.E., Grand-Quevilly
BCHIFR
NC
\u2014
99.00
BAGRFR
\u2014
1.00
Fuels & Feedstock
Abu Dhabi Oil Refining Company, Abu Dhabi
OMVRM
AEA
15.00
15.00
Abu Dhabi Petroleum Investments LLC, Abu Dhabi (ADPINV)
OMVRM
AEJ
25.00
25.00
ADNOC Global Trading LTD, Abu Dhabi
OMVRM
AEA
15.00
15.00
Aircraft Refuelling Company GmbH, Vienna
OMVRM
NC-I
33.33
33.33
Autobahn - Betriebe Gesellschaft m.b.H., Vienna
OMVRM
NC-I
47.19
47.19
Avanti Deutschland GmbH, Berchtesgaden
OMVRM
C
\u2014
100.00
BSP Bratislava-Schwechat Pipeline GmbH in Liqu., Vienna5
OMVRM
NC-I
26.00
26.00
BTF Industriepark Schwechat GmbH, Schwechat
BPOAT
NC
50.00
50.00
OMVRM
50.00
50.00
Deutsche Transalpine Oelleitung GmbH, Munich
OMVD
AEA
32.26
32.26
DUNAT\u00c0R K\u00f6olajterm\u00e9k T\u00e1rol\u00f3 \u00e9s Kereskedelmi Kft., Budapest
OHUN
C
100.00
100.00
Erd\u00f6l-Lagergesellschaft m.b.H., Lannach6
OMVRM
AEA
55.60
55.60
GENOL Gesellschaft m.b.H., Korneuburg
OMVRM
AEA
29.00
29.00
KSW Beteiligungsgesellschaft m.b.H., Vienna (SWJS)
OMVRM
NC
\u2014
100.00
KSW Elektro- und Industrieanlagenbau Gesellschaft m.b.H.,
Feldkirch
SWJS
NC-I
\u2014
25.10
OMV - International Services Ges.m.b.H., Vienna
OMVRM
C
100.00
100.00
OMV BULGARIA OOD, Sofia
PETROM
C
99.90
99.90
OMVRM
0.10
0.10
OMV \u010cesk\u00e1 republika, s.r.o., Prague
OMVRM
C
100.00
100.00
OMV Deutschland Services GmbH, Burghausen (OMVDS)
OMVD
C
100.00
100.00
OMV Hung\u00e1ria \u00c1sv\u00e1nyolaj Korl\u00e1tolt Felel\u00f6ss\u00e9g\u00fc T\u00e1rsas\u00e1g,
Budapest (OHUN)
OMVRM
C
100.00
100.00
OMV PETROM Aviation S.R.L., Otopeni
PETROM
C
100.00
100.00
ROMAN
0.00
0.00
OMV Petrom Biofuels SRL, Bucharest
PETROM
C
25.00
75.00
OMVRM
75.00
25.00
OMV PETROM MARKETING SRL, Bucharest (ROMAN)
PETROM
C
100.00
100.00
OMV Refining & Marketing Middle East & Asia GmbH, Vienna
OMVRM
C
100.00
100.00
OMV Renewable Fuels & Feedstock B.V., Beveren
OMVRM
C
100.00
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.,
Koper
OMVRM
C
\u2014
92.25
OMV Slovensko s.r.o., Bratislava
OMVRM
C
99.96
99.96
OMV SRBIJA d.o.o., Belgrade
PETROM
C
99.96
99.96
OMVRM
0.04
0.04
OMV Supply & Trading Italia S.r.l., Trieste
OMVRM
C
100.00
100.00
OMV Supply & Trading Limited, London (OTRAD)
OMVRM
C
100.00
100.00
OMV Supply & Trading Singapore PTE LTD., Singapore
OTRAD
NC
100.00
100.00
OMV Switzerland Holding AG, Zug4
OGI
NC
100.00
100.00
Pak-Arab Refinery Limited, Karachi
ADPINV
AEJ
40.00
40.00
Petrom-Moldova S.R.L., Chisinau
PETROM
C
100.00
100.00
Routex B.V., Amsterdam
OMVRM
NC-I
20.00
20.00
Salzburg Fuelling GmbH, Salzburg4
OMVRM
NC-I
50.00
33.33
Societ\u00e0 Italiana per l'Oleodotto Transalpino S.p.A., Trieste
OMVRM
AEA
32.26
32.26
SuperShop Marketing Korl\u00e1tolt Felel\u0151ss\u00e9g\u0171 T\u00e1rsas\u00e1g, Budapest
OHUN
NC-I
50.00
50.00
TGN Tankdienst-Gesellschaft N\u00fcrnberg GbR, Nuremberg
OMVD
NC-I
33.33
33.33
Transalpine \u00d6lleitung in \u00d6sterreich Gesellschaft m.b.H.,
Matrei in Osttirol
OMVRM
AEA
32.26
32.26
Energy
Central European Gas Hub AG, Vienna (HUB)
OGI
C
65.00
65.00
Deeep Tiefengeothermie GmbH, Vienna
OGEO
PC
49.00
EEX CEGH Gas Exchange Services GmbH, Vienna
HUB
AEA
49.00
49.00
Energy Infrastructure Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Holdings Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Investments Limited, Wellington
NZEA
C
100.00
100.00
Freya Bunde-Etzel GmbH & Co. KG, Bonn
OGSG
AEA
39.99
39.99
JSC GAZPROM YRGM Development, St. Petersburg7
OMVEP
NC-I
\u2014
\u2014
OJSC Severneftegazprom, Krasnoselkup
OMVEP
NC-I
24.99
24.99
OMV (Berenty) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (IRAN) onshore Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (Mandabe) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (NAMIBIA) Exploration GmbH, Vienna
ONAFRU
NC
100.00
100.00
OMV (NORGE) AS, Stavanger (ONOR)
OMVEP
C
100.00
100.00
OMV (Tunesien) Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (TUNESIEN) Sidi Mansour GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (Yemen Block S 2) Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (YEMEN) Al Mabar Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (YEMEN) South Sanau Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi E&P GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi Offshore GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Abu Dhabi Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV AUSTRALIA PTY LTD, Perth (OAUST)
OMV AG
C
100.00
100.00
OMV Austria Exploration & Production GmbH, Vienna (OEPA)
OMVEP
C
100.00
100.00
OMV Austria Geothermal GmbH, Vienna (OGEO)
OGREEN
C
100.00
100.00
OMV Barrow Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beagle Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beteiligungsverwaltungs GmbH, Vienna
OMV AG
NC
100.00
100.00
OMV Bina Bawi GmbH, Vienna
PETEX
NC
100.00
100.00
OMV Block 70 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Croatia Geothermal GmbH, Vienna
OGREEN
NC
100.00
OMV East Abu Dhabi Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Enerji Ticaret Anonim \u015eirketi, Istanbul8
OMVRM
C
100.00
100.00
OMV Exploration & Production GmbH, Vienna (OMVEP)
OMV AG
C
100.00
100.00
OMV EXPLORATION & PRODUCTION LIMITED, Douglas
OMVEP
NC
\u2014
100.00
OMV Gas Logistics Holding GmbH, Vienna (OGI)
OMV AG
C
100.00
100.00
OMV Gas Marketing & Trading Belgium, Brussels
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Deutschland GmbH, Dusseldorf
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading GmbH, Vienna (ECOGAS)
OMVRM
C
100.00
100.00
OMV Gas Marketing & Trading Hung\u00e1ria Kft., Budapest
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Italia S.r.l., Milan
ECOGAS
NC
100.00
100.00
OMV Gas Marketing Trading & Finance B.V., Amsterdam
OFS
C
100.00
100.00
OMV Gas Storage Germany GmbH, Cologne (OGSG)
OMVDS
C
100.00
100.00
OMV Gas Storage GmbH, Vienna
OGI
C
100.00
100.00
OMV Gaz Iletim A.S., Istanbul8
OMVRM
C
100.00
100.00
OMV Green Energy GmbH, Vienna (OGREEN)
OMVEP
C
100.00
100.00
OMV Jardan Block 3 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Maurice Energy GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Middle East & Africa GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Myrre Block 86 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV New Zealand Limited, Wellington (NZEA)
OMVEP
C
100.00
100.00
OMV NZ Production Limited, Wellington
NZEA
C
100.00
100.00
OMV OF LIBYA LIMITED, Douglas
OMVEP
C
100.00
100.00
OMV Offshore (Namibia) GmbH, Vienna (ONAFRU)
OMVEP
NC
100.00
100.00
OMV Offshore Bulgaria GmbH, Vienna
PETROM
C
100.00
100.00
OMV Offshore Morondava GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil and Gas Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Oil Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Orient Hydrocarbon GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Orient Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Petroleum Exploration GmbH, Vienna (PETEX)
OMVEP
NC
100.00
100.00
OMV Petroleum Pty Ltd, Perth
NZEA
NC
100.00
100.00
OMV PETROM E&P BULGARIA S.R.L., Bucharest
PETROM
C
100.00
100.00
OMV Petrom Energy Solution SRL, Bucharest
PETROM
NC
100.00
OMV PETROM GEORGIA LLC, Tbilisi
PETROM
C
100.00
100.00
OMV Proterra GmbH, Vienna
OEPA
NC
100.00
100.00
OMV Russia Upstream GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Upstream International GmbH, Vienna (OUPI)
OMVEP
C
100.00
100.00
Pearl Petroleum Company Limited, Road Town
OUPI
AEA
10.00
10.00
PEI Venezuela Gesellschaft mit beschr\u00e4nkter Haftung,
Burghausen
OMVEP
NC
100.00
100.00
PETROM EXPLORATION & PRODUCTION LIMITED, Douglas
PETROM
NC
100.00
99.99
POSEIDON EXL 005 ANS, Lysaker
ONOR
PC
50.00
Preussag Energie International GmbH, Burghausen4
OMVEP
NC
100.00
100.00
S. PARC FOTOVOLTAIC ISALNITA S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC ROVINARI EST S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC TISMANA 1 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. SOLARIST TISMANA 2 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
SapuraOMV Block 30, S. de R.L. de C.V., Mexico City
SEUPMY
C
99.00
99.00
SEMXMY
1.00
1.00
SapuraOMV Upstream (Americas) Sdn. Bhd., Kuala Lumpur (SEAMMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Australia) Sdn. Bhd., Kuala Lumpur (SEAUMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Holding) Sdn. Bhd., Kuala Lumpur (SEUPMY)
SOUPMY
C
100.00
100.00
SAPURAOMV UPSTREAM (MALAYSIA) SDN. BHD.,
Kuala Lumpur
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Mexico) Sdn. Bhd., Kuala Lumpur (SEMXMY)
SEAMMY
C
100.00
100.00
SapuraOMV Upstream (NZ) Sdn. Bhd., Kuala Lumpur (SENZMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Oceania) Sdn. Bhd., Kuala Lumpur (SEOCMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Sarawak) Inc., Nassau
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Western Australia) Pty Ltd, Perth
SEAUMY
C
100.00
100.00
SapuraOMV Upstream JV Sdn. Bhd., Kuala Lumpur
SENZMY
NC
100.00
100.00
SapuraOMV Upstream Sdn. Bhd., Kuala Lumpur (SOUPMY)
OMVEP
C
50.00
50.00
Corporate & Other
ASOCIATIA ROMANA PENTRU RELATIA CU INVESTITORII,
Bucharest
PETROM
NC-I
20.00
20.00
Diramic Insurance Limited, Gibraltar
OMV AG
C
100.00
100.00
OMV Clearing und Treasury GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Services GmbH, Vienna (OFS)
SNO
C
100.00
100.00
OMV Finance Services NOK GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Solutions USD GmbH, Vienna
SNO
C
100.00
100.00
OMV Insurance Broker GmbH in Liqu., Vienna5
OMV AG
NC
100.00
100.00
OMV International Oil & Gas GmbH, Baar
OMV AG
C
100.00
100.00
OMV Petrom Global Solutions SRL, Bucharest
SNO
C
75.00
75.00
PETROM
25.00
25.00
OMV Solutions GmbH, Vienna (SNO)
OMV AG
C
100.00
100.00
PETROMED SOLUTIONS SRL, Bucharest
PETROM
C
100.00
100.00
Assigned to multiple segments9
C2PAT GmbH & Co KG, Vienna
BORAAG
AEJ
\u2014
25.00
OMVRM
\u2014
25.00
C2PAT GmbH, Vienna
BORAAG
AEJ
25.00
25.00
OMVRM
25.00
25.00
OMV Deutschland GmbH, Burghausen (OMVD)
OMVRM
C
90.00
90.00
OMV AG
10.00
10.00
OMV Deutschland Marketing & Trading GmbH & Co. KG,
Burghausen10
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Deutschland Operations GmbH & Co. KG, Burghausen
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Downstream GmbH, Vienna (OMVRM)
OMV AG
C
100.00
100.00
OMV PETROM SA, Bucharest (PETROM)
OMV AG
C
51.16
51.16
1 Type of consolidation:
C Consolidated subsidiary
AEA Associated companies accounted at-equity
AEJ Joint venture accounted at-equity
PC Joint operation; accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
NC-I Other not consolidated investment; associated companies and joint ventures of relatively little importance to the assets and earnings of the consolidated financial statements
NC Not-consolidated subsidiary; shell or distribution companies of relative insignificance individually and collectively to the consolidated financial statements
2 Incorporated in Wilmington
3 Economic share 100.00%
4 Type of consolidation was changed compared to 2022.
5 Company\u2019s legal name changed following the initiation of liquidation.
6 Despite majority interest not being fully consolidated, but accounted for at-equity due to absence of control.
7 Economic share 99.99%
8 Segment assignment was changed compared to 2022.
9 Assigned to the relevant segments in the segment reporting
10 In the 2023 financial year, OMV Deutschland Marketing & Trading GmbH & Co. KG made use of the exemption provision for the preparation of the annual financial statement and director\u2019s report, audit and disclosure pursuant to Section 264b\u00a0HGB in conjunction with Section 325\u00a0HGB. The company's exemption is mentioned in its notes and published in the Federal Gazette with reference to this provision and an indication of the parent company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-20": { "value": "
Recoverability of\u00a0assets\u00a0
The following table summarizes the carrying amounts of the Group\u2019s intangible assets (incl. goodwill), PPE, and at-equity-accounted investments disaggregated according to the type of assets as at December 31, 2023:
Carrying amounts as of December 31, 2023
in EUR mn
Segment
Intangible
assets (incl. goodwill)
Property, plant and equipment
Equity-
accounted
investments
Chemical production and recycling (incl. C&M part
of refineries)
C&M
975
5,643
4,747
Refining
F&F
101
3,255
1,655
Retail
F&F
23
1,129
\u2014
Oil and gas exploration and evaluation
Energy
270
\u2014
\u2014
Oil and gas production
Energy
356
9,313
264
Gas storages and power plant
Energy
17
523
0
Other
38
217
2
Total
1,779
20,081
6,668
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
Information on geographical areas
In EUR mn
2023
2022
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Austria
9,097
4,918
13
14,911
4,365
16
Belgium
814
2,384
29
987
1,950
45
Germany
6,302
1,301
30
14,102
1,200
31
New Zealand
451
676
\u2014
598
864
\u2014
Norway
1,045
1,056
\u2014
1,584
1,219
\u2014
Romania
6,728
6,013
\u2014
10,149
5,437
\u2014
United Arab Emirates
1,459
1,682
5,638
1,644
1,677
6,073
Rest of CEE3
5,677
568
\u2014
7,548
554
\u2014
Rest of Europe
5,545
1,859
24
7,454
1,848
22
Rest of the world4
2,344
1,072
934
3,322
2,162
1,107
Allocated
39,463
21,529
6,668
62,298
21,274
7,294
Unallocated assets
\u2014
330
\u2014
\u2014
552
\u2014
Total
39,463
21,859
6,668
62,298
21,826
7,294
1 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
2 Equity-accounted investments are allocated based on the seat of the registered office of the parent company, not including assets held for sale.
3 Including T\u00fcrkiye
4 Rest of the world: principally Algeria, Argentina, Brazil, Canada, Chile, China, Colombia, Cuba, Egypt, India, Libya, Malaysia, Mexico, Morocco, Nigeria, Peru,
Qatar, Russia (only until February 2022), Saudi Arabia, South Africa, South Korea, Tunisia, United States of America, and Yemen
Unallocated assets contained goodwill in the amount of EUR 330 mn (2022: EUR 342 mn) related to the cash-generating unit \u201cMiddle East and Africa\u201d as this CGU operates in more than one geographical area. In 2022, unallocated assets also included goodwill in the amount of EUR 210 mn related to cash generating unit SapuraOMV. In 2023 the disposal group SapuraOMV was reclassified to \u201cheld for sale\u201d. For further details, please refer to Note 22 \u2013 Assets and liabilities held for sale.In 2022, impairment losses attributable to exploration and appraisal (EUR\u00a0183\u00a0mn) were mainly related to unsuccessful exploration wells and exploration licenses in Norway, New Zealand, Romania, and Australia.
9 Exploration expenses
Exploration and appraisal of mineral resources
In EUR mn
2023
2022
Impairment losses (exploration & appraisal)
152
183
Other exploration expenses
70
67
Exploration expenses
222
250
Net cash used in operating activities
75
103
Net cash used in investing activities
171
149
16 Intangible assets
Intangible assets
In EUR mn
Concessions,
software,
licenses,
rights
Development costs
Oil and gas
assets
with unproved
reserves
Goodwill
Total
2023
Development of costs
January 1
1,330
572
1,811
585
4,298
Currency translation differences
\u20133
\u20130
\u201328
\u201317
\u201348
Changes in the consolidated group
28
\u2014
\u2014
21
49
Additions
39
112
201
\u2014
352
Transfers
20
14
\u2013583
\u2014
\u2013549
Assets held for sale
\u20130
\u2014
\u2013243
\u2013205
\u2013448
Disposals
\u201328
\u20133
\u2013195
\u2014
\u2013225
December 31
1,385
695
963
384
3,428
Development of amortization
January 1
769
86
934
\u2014
1,788
Currency translation differences
\u20132
\u2014
\u201321
\u2014
\u201323
Amortization
93
34
0
\u2014
127
Impairments
11
3
158
\u2014
171
Transfers
\u20130
\u2014
\u201314
\u2014
\u201314
Assets held for sale
\u20130
\u2014
\u2013173
\u2014
\u2013173
Disposals
\u201329
\u20133
\u2013195
\u2014
\u2013227
Write-ups
\u2014
\u2014
\u20131
\u2014
\u20131
December 31
842
119
688
\u2014
1,649
Carrying amount January 1
562
486
878
585
2,510
Carrying amount December 31
543
576
275
384
1,779
2022
Development of costs
January 1
2,199
464
1,876
562
5,101
Currency translation differences
\u2013236
\u2014
36
28
\u2013172
Changes in the consolidated group
\u2013662
\u2014
\u201336
\u2014
\u2013699
Additions
31
110
172
\u2014
313
Transfers
5
\u2014
\u2013141
\u2014
\u2013136
Assets held for sale
\u20130
\u2014
27
\u2014
27
Disposals
\u20136
\u20132
\u2013122
\u20136
\u2013136
December 31
1,330
572
1,811
585
4,298
Development of amortization
January 1
979
52
909
\u2014
1,940
Currency translation differences
\u201385
\u20130
25
\u2014
\u201360
Changes in the consolidated group
\u2013234
\u2014
\u201336
\u2014
\u2013270
Amortization
108
31
0
\u2014
140
Impairments
6
3
179
\u2014
189
Transfers
\u20130
\u2014
\u201324
\u2014
\u201324
Assets held for sale
\u20131
\u2014
1
\u2014
\u20130
Disposals
\u20135
\u20131
\u2013121
\u2014
\u2013127
December 31
769
86
934
\u2014
1,788
Carrying amount January 1
1,220
411
967
562
3,161
Carrying amount December 31
562
486
878
585
2,510
Goodwill allocation
In EUR mn
2023
2022
Middle East and Africa
330
342
SapuraOMV
\u2014
210
Goodwill allocated to Energy
330
552
Retail Slovakia
7
7
Refining Austria
26
26
Goodwill allocated to Fuels & Feedstock
33
33
Polypropylene1
21
\u2014
Goodwill allocated to Chemicals & Materials
21
\u2014
Goodwill
384
585
1 Related to the acquisition of Rialti S.p.A.
In 2023, the goodwill related to the SapuraOMV disposal group was reclassified to assets held for sale. For details refer to Note 22 \u2013 Assets and liabilities held for sale. The remaining goodwill allocated to Energy decreased due to unfavorable currency translation differences.
Contractual obligations for acquisitions
In EUR mn
2023
2022
Intangible assets
296
326
Property, plant, and equipment
3,345
1,410
Contractual obligations
3,640
1,736
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-21": { "value": "
Recoverability of\u00a0assets\u00a0
The following table summarizes the carrying amounts of the Group\u2019s intangible assets (incl. goodwill), PPE, and at-equity-accounted investments disaggregated according to the type of assets as at December 31, 2023:
Carrying amounts as of December 31, 2023
in EUR mn
Segment
Intangible
assets (incl. goodwill)
Property, plant and equipment
Equity-
accounted
investments
Chemical production and recycling (incl. C&M part
of refineries)
C&M
975
5,643
4,747
Refining
F&F
101
3,255
1,655
Retail
F&F
23
1,129
\u2014
Oil and gas exploration and evaluation
Energy
270
\u2014
\u2014
Oil and gas production
Energy
356
9,313
264
Gas storages and power plant
Energy
17
523
0
Other
38
217
2
Total
1,779
20,081
6,668
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
Information on geographical areas
In EUR mn
2023
2022
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Austria
9,097
4,918
13
14,911
4,365
16
Belgium
814
2,384
29
987
1,950
45
Germany
6,302
1,301
30
14,102
1,200
31
New Zealand
451
676
\u2014
598
864
\u2014
Norway
1,045
1,056
\u2014
1,584
1,219
\u2014
Romania
6,728
6,013
\u2014
10,149
5,437
\u2014
United Arab Emirates
1,459
1,682
5,638
1,644
1,677
6,073
Rest of CEE3
5,677
568
\u2014
7,548
554
\u2014
Rest of Europe
5,545
1,859
24
7,454
1,848
22
Rest of the world4
2,344
1,072
934
3,322
2,162
1,107
Allocated
39,463
21,529
6,668
62,298
21,274
7,294
Unallocated assets
\u2014
330
\u2014
\u2014
552
\u2014
Total
39,463
21,859
6,668
62,298
21,826
7,294
1 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
2 Equity-accounted investments are allocated based on the seat of the registered office of the parent company, not including assets held for sale.
3 Including T\u00fcrkiye
4 Rest of the world: principally Algeria, Argentina, Brazil, Canada, Chile, China, Colombia, Cuba, Egypt, India, Libya, Malaysia, Mexico, Morocco, Nigeria, Peru,
Qatar, Russia (only until February 2022), Saudi Arabia, South Africa, South Korea, Tunisia, United States of America, and Yemen
Impairments and write-ups in Energy
17 Property, plant, and equipment
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings,
and
equipment
Assets
under construction
Total
2023
Development of costs
January 1
3,512
26,549
12,002
2,043
2,061
46,168
Currency translation differences
\u20139
\u2013700
\u201321
\u20134
\u20135
\u2013738
Changes in the consolidated group
11
\u2014
53
2
12
78
Additions
143
1,265
491
95
1,389
3,383
New obligations and change in estimates for decommissioning
4
309
12
0
\u2014
326
Transfers
\u201333
592
848
121
\u2013969
559
Assets held for sale
\u20136
\u20131,431
0
\u20130
\u20138
\u20131,444
Disposals
\u201318
\u2013160
\u2013195
\u201379
\u20132
\u2013454
December 31
3,606
26,425
13,191
2,178
2,479
47,878
Development of depreciation
January 1
1,805
17,205
6,378
1,457
6
26,851
Currency translation differences
\u20135
\u2013467
\u20136
\u20133
0
\u2013480
Changes in the consolidated group
\u20131
\u2014
\u20134
\u20130
\u2014
\u20135
Depreciation
159
1,330
674
150
\u2014
2,314
Impairments
0
59
29
1
12
101
Transfers
\u201337
16
34
2
\u2014
14
Assets held for sale
\u20136
\u2013370
\u2014
\u20130
\u20133
\u2013380
Disposals
\u201313
\u2013158
\u2013191
\u201367
\u20131
\u2013429
Write-ups
\u20132
\u2013116
\u201370
\u20130
\u2014
\u2013188
December 31
1,900
17,498
6,844
1,540
15
27,798
Carrying amount January 1
1,706
9,344
5,624
586
2,055
19,317
Carrying amount December 31
1,705
8,927
6,347
637
2,464
20,081
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings
and
equipment
Assets
under construction
Total
2022
Development of costs
January 1
3,398
25,042
11,254
1,989
1,511
43,195
Currency translation differences
\u201317
174
\u2013169
\u20133
\u20134
\u201320
Additions
111
1,244
678
51
1,268
3,352
New obligations and change in estimates for decommissioning
4
\u201374
\u201321
0
\u2014
\u201390
Transfers
69
127
539
88
\u2013690
133
Assets held for sale
\u201318
236
\u201359
\u201312
\u201310
136
Disposals
\u201335
\u2013200
\u2013220
\u201368
\u201313
\u2013537
December 31
3,512
26,549
12,002
2,043
2,061
46,168
Development of depreciation
January 1
1,698
15,451
6,085
1,383
8
24,626
Currency translation differences
\u20138
18
\u2013106
\u20133
0
\u201398
Depreciation
138
1,390
671
144
\u2014
2,342
Impairments
6
595
8
2
8
619
Transfers
1
22
\u20138
6
2
24
Assets held for sale
\u20136
241
\u201355
\u20139
\u20131
170
Disposals
\u201324
\u2013195
\u2013211
\u201366
\u20139
\u2013505
Write-ups
\u20130
\u2013317
\u20137
\u2014
\u20132
\u2013327
December 31
1,805
17,205
6,378
1,457
6
26,851
Carrying amount January 1
1,700
9,591
5,169
606
1,503
18,569
Carrying amount December 31
1,706
9,344
5,624
586
2,055
19,317
Contractual obligations for acquisitions
In EUR mn
2023
2022
Intangible assets
296
326
Property, plant, and equipment
3,345
1,410
Contractual obligations
3,640
1,736
OMV as a lessee
Right-of-use assets recognized under IFRS 16
In EUR mn
Land and
buildings
Plant and
machinery
Other
fixtures,
fittings
and
equipment
Total
2023
January 1
581
504
149
1,233
Changes in the consolidated group1
\u2014
29
\u2014
29
Additions
123
80
81
283
Depreciation
\u201382
\u201325
\u201369
\u2013176
Other movements
\u201366
105
\u201311
27
December 31
556
692
149
1,397
2022
January 1
555
42
174
771
Additions
102
498
40
640
Depreciation
\u201363
\u201335
\u201364
\u2013162
Other movements
\u201313
\u20131
\u20132
\u201316
December 31
581
504
149
1,233
1 Mainly from the change in the consolidation method of Renasci N.V.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-22": { "value": "
Estimation of maturities and cash outflows of decommissioning and restoration obligations1
In EUR mn
2023
Carrying amount
Undiscounted inflated costs
\u22641 year
69
78
1\u201310 years
1,239
1,762
11\u201320 years
2,421
4,673
21\u201330 years
233
730
>30 years
185
679
Total
4,148
7,922
1 Mainly related to decommissioning and restoration obligations in the Energy business segment
Emissions certificates and CO2 costs
Emissions certificates1
Number of certificates, in thousands
2023
2022
European
Trading
Scheme
NZ
Trading
Scheme
DE
Trading
Scheme
European
Trading
Scheme
NZ
Trading
Scheme
DE
Trading
Scheme
Certificates held as of January 1
13,569
1,901
3,183
11,731
252
3,617
Free allocation for the year
5,541
\u2014
\u2014
7,742
\u2014
\u2014
Certificates surrendered2
\u20139,743
\u20132,292
\u20133,504
\u201310,792
\u20132,567
\u20133,833
Net purchases and sales during the year
3,429
156
3,793
4,889
293
3,398
Certificates received from customers
\u2014
2,314
\u2014
\u2014
3,924
\u2014
Changes in the consolidated group3
\u20131,292
\u2014
\u2014
\u2014
\u2014
\u2014
Certificates held as of December 31
11,506
2,079
3,472
13,569
1,901
3,183
1 One certificate entitles the holder to emit 1 t of green house gases (in CO2e) during a defined period of time.
2 According to verified emissions for the prior year.
3 Relates to the sale of the nitrogen business in Borealis. For details refer to Note 4 \u2013 Changes in Group structure.
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
25 Provisions
Provisions
In EUR mn
Pensions and
similar
obligations
Decommis-
sioning and
restoration
obligations
Other provisions
Total
January 1, 2023
997
3,796
1,316
6,110
Currency translation differences
0
\u201394
\u20134
\u201398
Changes in the consolidated group
1
\u2014
\u20130
1
Usage and releases
\u201358
\u2013304
\u2013973
\u20131,336
Payments to funds
\u2013104
\u2014
\u2014
\u2013104
Allocations
138
757
855
1,751
Transfers
\u20139
0
8
\u20130
Reclassified to liabilities associated with assets held for sale1
\u2014
\u20137
\u20133
\u201310
December 31, 2023
966
4,148
1,200
6,313
thereof short-term as of December 31, 2023
\u2014
69
777
846
thereof short-term as of January 1, 2023
\u2014
82
939
1,021
1 Related to the SapuraOMV disposal group. For more details refer to Note 22 \u2013 Assets and Liabilities held for sale.
Provisions for pensions and similar obligations accounted for according to IAS\u00a019
Pensions and similar obligations
In EUR mn
2023
2022
Present value of funded pension obligations
853
832
Fair value of plan assets
\u2013598
\u2013526
Provisions for funded pension obligations
255
305
Present value of unfunded pension obligations
479
470
Present value of obligations for severance and other plans
145
135
Provisions for pensions, severance, and other plans
879
910
Present value of obligations for other long-term benefits
87
87
Total provisions for pensions and similar obligations
966
997
Present value of obligations
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Present value of obligations as of January 1
1,302
135
1,639
150
Current service costs
21
4
24
10
Interest costs
46
6
18
2
Amounts recognized in the income statement
67
9
42
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Total remeasurements of the period (OCI)
52
13
\u2013279
\u201312
Actual benefit payments
\u201389
\u201313
\u201391
\u201310
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
\u20131
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Present value of obligations as of December 31
1,332
145
1,302
135
Fair value of plan assets
In EUR mn
2023
2022
Fair value of plan assets as of January\u00a01
526
595
Interest income
19
6
Return on plan assets (OCI)
6
\u201339
Actual benefit payments
\u201357
\u201354
Actual employer contributions
104
18
Currency translation differences
\u20131
\u20130
Fair value of plan assets as of December\u00a031
598
526
Provisions and expenses
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Provisions as of January\u00a01
775
135
1,044
150
Current service costs
21
4
24
10
Net interest costs
27
6
12
2
Amounts recognized in the income statement
48
9
36
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Return on plan assets
\u20136
\u2014
39
\u2014
Total remeasurements of the period (OCI)
46
13
\u2013240
\u201312
Actual benefit payments
\u201332
\u201313
\u201337
\u201310
Actual employer contributions
\u2013104
\u2014
\u201318
\u2014
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
0
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Provisions as of December\u00a031
734
145
775
135
Underlying assumptions for calculating pension expenses and expected defined benefit entitlements
as of December 31
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Capital market interest rate
3.25\u20135.00%
3.75\u20136.25%
3.20\u20135.40%
3.50\u20138.00%
Future increases in salaries
2.69\u20135.00%
3.25\u20134.00%
3.40\u20135.00%
3.40\u20134.90%
Future increases in pensions
1.75\u20133.50%
\u2014
2.25\u20133.50%
\u2014
Sensitivities \u2013 percentage change
2023
Capital market interest rate
Future increases in salaries
Future increases in pensions
+1.00%
\u20131.00%
+0.50%
\u20130.50%
+0.50%
\u20130.50%
Pensions
\u20139.65%
11.38%
1.60%
\u20131.54%
7.23%
\u20136.59%
Severance and other plans
\u20137.25%
8.47%
3.42%
\u20133.27%
\u2014
\u2014
Sensitivities \u2013 absolute change
In EUR mn
2023
Capital market interest rate
Future increases in salaries
Future increases in pensions
+1.00%
\u20131.00%
+0.50%
\u20130.50%
+0.50%
\u20130.50%
Pensions
\u2013128
151
21
\u201320
96
\u201388
Severance and other plans
\u201310
11
5
\u20134
\u2014
\u2014
Duration profiles and average duration of defined benefit obligations as of December 31
In EUR mn
2023
Duration profiles
Duration
1\u20135 years
6\u201310 years
>10 years
in years
Pensions
392
357
582
11
Severance and other plans
52
54
38
8
Allocation of plan assets as of December\u00a031
2023
2022
Asset category
Equity securities
17%
15%
Debt securities
33%
29%
Cash and money market investments
5%
5%
Insurance contracts
36%
36%
Other
10%
15%
Total
100%
100%
Provisions for decommissioning and restoration obligations
The production facilities and properties of all Group companies are subject to a variety of environmental protection laws and regulations in the countries where they operate. The estimated cost of known environmental obligations has been provided in accordance with the Group\u2019s accounting policies. Provisions for decommissioning and restoration are recognized if an obligation exists at the statement of financial position date.
Management believes that compliance with current laws and regulations and future more stringent laws and regulations will not have a material negative impact on the Group\u2019s results, financial position, or cash flows in the near future.
Provisions for decommissioning and restoration obligations
In EUR mn
Carrying amount
January 1, 2023
3,796
Currency translation differences
\u201394
New obligations
15
Increase arising from revisions in estimates
534
Reduction arising from revisions in estimates
\u2013151
Unwinding of discounting
201
Reclassification to liabilities associated with assets held for sale
\u20137
Usage, disposals, and other changes
\u2013147
December 31, 2023
4,148
thereof short-term as of December 31, 2023
69
thereof short-term as of January 1, 2023
82
Main assumptions for calculating decommissioning and restoration obligations as of December 311
2023
Discount rate
Inflation rate
Real
discount rate
Eurozone (EUR)
2.00\u20132.25%
2.25%
\u20130.25\u20130.00%
New Zealand (NZD)
4.25\u20134.75%
2.25%
2.00\u20132.50%
Norway (NOK)
3.25\u20133.50%
2.25%
1.00\u20131.25%
Romania (RON)
6.25%
3.50%
2.75%
United States (USD)
3.75\u20134.00%
2.00%
1.75\u20132.00%
1 Based on the main currencies of the underlying obligations. Multiple discount rates per currency arise due to different maturities.
Other provisions
Other provisions
In EUR mn
2023
2022
Short-term
Long-term
Short-term
Long-term
Environmental costs
16
119
11
77
Onerous contracts
64
194
64
176
Other personnel provisions
146
9
149
18
Emissions certificates
437
\u2014
469
\u2014
Residual other provisions
114
100
247
105
Other provisions
777
422
939
377
Long-Term Incentive Plans
2023 plan
2022 plan
2021 plan
2020 plan
Start of plan
01/01/2023
01/01/2022
01/01/2021
01/01/2020
End of performance period
12/31/2025
12/31/2024
12/31/2023
12/31/2022
Vesting date
03/31/2026
03/31/2025
03/31/2024
03/31/2023
Shareholding requirement
Executive Board Chairman

200% of
annual gross
base salary
200% of
annual gross
base salary
200% of
annual gross
base salary
200% of
annual gross
base salary
Executive Board Deputy Chairman


175% of
annual gross
base salary

175% of
annual gross
base salary

175% of
annual gross
base salary

175% of
annual gross
base salary
Other Executive Board members


150% of
annual gross
base salary

150% of
annual gross
base salary

150% of
annual gross
base salary

150%
of annual gross
base salary
Senior Managers



75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive
Expected shares as of December 31, 2023
357,842
287,735
501,677
\u2014
Maximum shares as of December 31, 2023
761,728
674,776
794,894
\u2014
Fair value of plan (in EUR mn) as of
December 31, 2023\u00b9
14
11
20
\u2014
Provision (in EUR mn) as of December 31,
2023\u00b9
3
5
16
\u2014
1 Excluding incidental wage costs
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-23": { "value": "
Emissions certificates and CO2 costs
Emissions certificates1
Number of certificates, in thousands
2023
2022
European
Trading
Scheme
NZ
Trading
Scheme
DE
Trading
Scheme
European
Trading
Scheme
NZ
Trading
Scheme
DE
Trading
Scheme
Certificates held as of January 1
13,569
1,901
3,183
11,731
252
3,617
Free allocation for the year
5,541
\u2014
\u2014
7,742
\u2014
\u2014
Certificates surrendered2
\u20139,743
\u20132,292
\u20133,504
\u201310,792
\u20132,567
\u20133,833
Net purchases and sales during the year
3,429
156
3,793
4,889
293
3,398
Certificates received from customers
\u2014
2,314
\u2014
\u2014
3,924
\u2014
Changes in the consolidated group3
\u20131,292
\u2014
\u2014
\u2014
\u2014
\u2014
Certificates held as of December 31
11,506
2,079
3,472
13,569
1,901
3,183
1 One certificate entitles the holder to emit 1 t of green house gases (in CO2e) during a defined period of time.
2 According to verified emissions for the prior year.
3 Relates to the sale of the nitrogen business in Borealis. For details refer to Note 4 \u2013 Changes in Group structure.
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Losses from fair value changes of financial assets in 2022 contained losses related to asset from reserves redetermination rights with respect to the acquisition of interests in the Yuzhno Russkoye field.
Interest income
In EUR mn
2023
2022
Cash and cash equivalents
355
193
Discounted receivables
14
5
Other financial and non-financial assets
35
20
Loans
69
51
Interest income
473
269
Interest income from loans included EUR\u00a059\u00a0mn (2022:\u00a0EUR\u00a032\u00a0mn) from the loan agreement with Bayport Polymers LLC. In 2022, this position additionally contained EUR\u00a017\u00a0mn related to the Nord Stream 2 financing agreement. For further details see Note 20 \u2013 Financial assets.
Other financial income and expenses
In EUR mn
2023
2022
Carrying amount of sold trade and other receivables
\u201311,825
\u201310,857
Proceeds on sold trade and other receivables
11,748
10,811
Financing charges for factoring and securitization
\u201377
\u201346
Net foreign exchange gains (+)/losses (\u2013)
\u201329
95
Other
\u201332
\u20131,393
Other financial income and expenses
\u2013138
\u20131,345
Financial assets
In EUR mn
Valued at fair value through profit or loss
Valued at
fair value through other comprehen-
sive income
Valued at amortized cost
Total
carrying
amount
thereof
short-term
thereof
long-term
2023
Trade receivables from contracts with customers
99
\u2014
2,571
2,670
2,670
\u2014
Other trade receivables
\u2014
\u2014
785
785
785
\u2014
Total trade receivables
99
\u2014
3,356
3,455
3,455
\u2014
Equity investments
1
56
\u2014
57
\u2014
57
Investment funds
28
\u2014
\u2014
28
\u2014
28
Bonds
\u2014
\u2014
285
285
245
39
Derivatives designated and effective as hedging instruments
\u2014
52
\u2014
52
50
2
Other derivatives
890
\u2014
\u2014
890
692
198
Loans
\u2014
\u2014
910
910
5
905
Other sundry financial assets
2
\u2014
1,610
1,612
1,139
474
Total other financial assets
921
108
2,805
3,834
2,130
1,704
Financial assets
1,020
108
6,160
7,288
5,584
1,704
2022
Trade receivables from contracts with customers
136
\u2014
3,351
3,487
3,487
\u2014
Other trade receivables
\u2014
\u2014
735
735
735
\u2014
Total trade receivables
136
\u2014
4,086
4,222
4,222
\u2014
Equity investments
24
19
\u2014
42
\u2014
42
Investment funds
26
\u2014
\u2014
26
\u2014
26
Bonds
\u2014
\u2014
52
52
32
20
Derivatives designated and effective as hedging instruments
10
370
\u2014
380
263
116
Other derivatives
2,867
\u2014
\u2014
2,867
2,114
753
Loans
\u2014
\u2014
711
711
82
628
Other sundry financial assets
\u2014
\u2014
1,850
1,850
1,437
413
Total other financial assets
2,927
389
2,612
5,928
3,929
1,999
Financial assets
3,063
389
6,699
10,150
8,151
1,999
Based on this latest development and the unchanged situation with regard to the Russian war on Ukraine, OMV considers its investments in YRGM and SNGP to have a fair value of nil as of December 31, 2023, leading to a further negative fair value adjustment in the financial result for 2023 in the amount of EUR\u00a023\u00a0mn.
Equity investments measured at FVOCI
In EUR mn
2023
2022
Investment
Fair value
Fair value adjustment through OCI
Dividend recognized as income
Fair value
Fair value adjustment through OCI
Dividend recognized as income
Eavor Technologies Inc.
34
\u2014
\u2014
\u2014
\u2014
\u2014
Hycamite TCD Technologies Ltd.
5
\u2014
\u2014
\u2014
\u2014
\u2014
APK Pensionskasse AG
2
\u20131
\u2014
2
\u20130
0
Wiener B\u00f6rse AG
6
\u20131
1
7
3
1
FSH Flughafen-Schwechat-Hydranten-Gesellschaft GmbH & Co OG
2
\u2014
\u2014
2
\u2014
0
WAV W\u00e4rme Austria VertriebsgmbH
\u2014
\u2014
1
2
\u2014
0
Bockatech Ltd.
5
\u2014
\u2014
3
\u2014
\u2014
Everen Limited
0
\u2014
3
0
\u2014
4
Other
2
\u2014
0
2
\u2014
0
Equity investments measured at FVOCI
56
\u20132
4
19
2
6
Impairments of other financial assets at amortized cost
In EUR mn
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL
credit impaired
Total
2023
January 1
10
44
1,311
1,365
Amounts written off
\u20131
\u2014
\u20135
\u20136
Net remeasurement of expected credit losses
4
\u201311
140
133
Currency translation differences
\u20130
\u20131
\u20133
\u20135
December 311, 2
13
32
1,442
1,487
2022
January 1
9
31
211
251
Amounts written off
0
\u2014
\u20135
\u20135
Net remeasurement of expected credit losses
2
12
1,100
1,114
Currency translation differences
0
2
4
6
December 311, 2
10
44
1,311
1,365
1 \u201cLifetime ECL credit impaired\u201d included fully impaired gross carrying amount of loan receivables including accrued interest related to the financing agreements for the Nord Stream 2 pipeline project in the amount of EUR 1.2 bn (2022: EUR 1.1 bn).
2 \u201c12-month ECL\u201d included an amount of EUR 1 mn (2022: EUR 1 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
21 Other assets
Other assets
In EUR mn
2023
2022
Short-term
Long-term
Short-term
Long-term
Prepaid expenses
89
13
84
15
Advance payments on fixed assets
184
\u2014
72
14
Other payments on account
124
25
194
16
Receivables from other taxes and social security
202
40
395
40
Contract assets
\u2014
8
\u2014
8
Emission rights1
630
\u2014
657
\u2014
Emission rights to be received from customers1
42
\u2014
36
\u2014
Other non-financial assets
81
80
194
22
Other assets
1,351
165
1,632
115
1 For further details refer to Note 2 \u2013 Effects of climate change and the energy transition.
OMV voluntarily changed its accounting policy for the presentation of purchased emissions certificates and provisions for CO2 emissions in the balance sheet. For more details refer to Note 3 \u2013 Accounting policies, judgments, and estimates.
\u201cOther non-financial assets\u201d in 2022 mainly consisted of receivables from Romanian authorities in relation to compensation for the sales of natural gas at capped prices to clients that were allocated to the Company as a Supplier of Last Resort and for electricity sales at capped prices. It also included receivables in relation to the subsidies for half of the 0.50 RON per liter voluntary price reduction for the sale of diesel and\u00a0gasoline in Romania, which applied only in 2022.
Nominal and fair value of open derivative financial instruments
In EUR mn
2023
2022
Nominal
Fair
value
assets
Fair
value
liabilities
Nominal
Fair
value
assets
Fair
value
liabilities
Commodity price risk
Oil incl. oil products
1,120
27
\u20138
1,337
47
\u201335
Gas
31
\u2014
\u2014
10
\u2014
\u20133
Power
411
13
\u201359
351
320
\u20132
Commodity hedges (designated in hedge
relationship)1
1,562
39
\u201367
1,697
367
\u201341
Oil incl. oil products
10,614
2
\u201340
7,808
5
\u201322
Gas
16,104
714
\u2013386
17,730
2,365
\u20131,374
Power
262
47
\u201329
779
282
\u2013133
Other2
190
98
\u20133
220
209
\u20132
Commodity hedges
27,171
861
\u2013458
26,537
2,862
\u20131,531
Foreign currency risk
USD
159
3
\u20130
266
7
\u20130
SEK
123
7
\u2014
157
\u2014
\u20134
Foreign currency hedges (designated in hedge
relationship)1
282
10
\u20130
423
7
\u20134
USD
702
5
\u201311
1,207
4
\u201310
NOK
817
23
\u20130
2,493
1
\u201326
SEK
35
0
\u20130
26
0
\u20130
Other
153
1
\u20130
246
1
\u20134
Foreign currency hedges
1,707
29
\u201311
3,972
5
\u201339
Interest rate risk
Interest rate hedges (designated in hedge
relationship)1
100
3
\u2014
103
6
\u2014
1 Including ineffective part of hedges designated in a hedging relationship
2 Includes derivatives for European Emission Allowances
At December 31, 2023, and December 31, 2022, the Group held the following cash flow, fair value, and net investment hedging relationships. The table shows the profile of the timing (maturity) of the nominal amount of the hedging instruments:
Impact of hedge accounting on the statement of financial position
In EUR mn
Forecast purchases
Forecast sales
Recognized liability
Net investment hedge
Foreign
currency
Interest hedges
Commodity price risk
Foreign currency risk
Interest
rate risk
Total
2023
Nominal value
1,447
85
29
109
282
100
2,052
Below one year
1,251
85
29
44
282
100
1,792
More than one year
196
\u2014
\u2014
64
\u2014
\u2014
260
Fair value \u2013 assets
39
\u2014
n.a.
10
3
52
Fair value \u2013 liabilities
66
1
n.a.
0
\u2014
67
2022
Nominal value
1,168
385
145
150
423
103
2,374
Below one year
999
385
145
38
423
\u2014
1,989
More than one year
169
\u2014
\u2014
113
\u2014
103
385
Fair value \u2013 assets
357
10
n.a.
7
6
380
Fair value \u2013 liabilities
37
4
n.a.
4
\u2014
44
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
Offsetting of financial assets
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Liabilities with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
20
3,359
\u20132,417
942
\u2013122
820
Trade receivables
20
4,535
\u20131,081
3,455
\u201365
3,390
Other sundry financial assets
20
1,626
\u201313
1,612
\u20131
1,611
Total
9,520
\u20133,511
6,009
\u2013187
5,822
2022
Derivative financial instruments
13,466
\u201310,219
3,247
\u2013547
2,700
Trade receivables
6,086
\u20131,864
4,222
\u2013106
4,116
Other sundry financial assets
1,892
\u201342
1,850
\u20131
1,849
Total
21,444
\u201312,125
9,318
\u2013654
8,664
The seller participation notes are senior to a loss reserve and third-party investor participation. The complementary notes are senior to seller participation notes and are of the same seniority as the senior notes issued by the program. The risk retained by the OMV Group is insignificant and therefore the trade receivables sold are derecognized in their entirety. The receivables are sold at their nominal amount less a discount.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-24": { "value": "
Emissions certificates and CO2 costs
Emissions certificates1
Number of certificates, in thousands
2023
2022
European
Trading
Scheme
NZ
Trading
Scheme
DE
Trading
Scheme
European
Trading
Scheme
NZ
Trading
Scheme
DE
Trading
Scheme
Certificates held as of January 1
13,569
1,901
3,183
11,731
252
3,617
Free allocation for the year
5,541
\u2014
\u2014
7,742
\u2014
\u2014
Certificates surrendered2
\u20139,743
\u20132,292
\u20133,504
\u201310,792
\u20132,567
\u20133,833
Net purchases and sales during the year
3,429
156
3,793
4,889
293
3,398
Certificates received from customers
\u2014
2,314
\u2014
\u2014
3,924
\u2014
Changes in the consolidated group3
\u20131,292
\u2014
\u2014
\u2014
\u2014
\u2014
Certificates held as of December 31
11,506
2,079
3,472
13,569
1,901
3,183
1 One certificate entitles the holder to emit 1 t of green house gases (in CO2e) during a defined period of time.
2 According to verified emissions for the prior year.
3 Relates to the sale of the nitrogen business in Borealis. For details refer to Note 4 \u2013 Changes in Group structure.
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
Provisions
In EUR mn
Pensions and
similar
obligations
Decommis-
sioning and
restoration
obligations
Other provisions
Total
January 1, 2023
997
3,796
1,316
6,110
Currency translation differences
0
\u201394
\u20134
\u201398
Changes in the consolidated group
1
\u2014
\u20130
1
Usage and releases
\u201358
\u2013304
\u2013973
\u20131,336
Payments to funds
\u2013104
\u2014
\u2014
\u2013104
Allocations
138
757
855
1,751
Transfers
\u20139
0
8
\u20130
Reclassified to liabilities associated with assets held for sale1
\u2014
\u20137
\u20133
\u201310
December 31, 2023
966
4,148
1,200
6,313
thereof short-term as of December 31, 2023
\u2014
69
777
846
thereof short-term as of January 1, 2023
\u2014
82
939
1,021
1 Related to the SapuraOMV disposal group. For more details refer to Note 22 \u2013 Assets and Liabilities held for sale.
Other provisions
Other provisions
In EUR mn
2023
2022
Short-term
Long-term
Short-term
Long-term
Environmental costs
16
119
11
77
Onerous contracts
64
194
64
176
Other personnel provisions
146
9
149
18
Emissions certificates
437
\u2014
469
\u2014
Residual other provisions
114
100
247
105
Other provisions
777
422
939
377
29 Contingent liabilities
On April 16, 2020, the Bulgarian Commission on Protection of Competition announced the initiation of an investigation into how prices are determined on the fuel market. OMV Bulgaria EOOD is a subject of this investigation, among other major manufacturers and retailers on the Bulgarian market. During 2020, two requests for information were received from authorities and the responses were submitted in due time. There were no additional requests from the authorities in 2021, 2022, and 2023, but the investigation is not yet finalized. The sanctions for antitrust infringements are up to 10% of the total company\u2019s turnover of the respective undertaking for the financial year prior to the sanctioning decision. At the date of these financial statements, OMV is not able to evaluate the outcome of the investigation and no provision was recorded in this respect.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-25": { "value": "
2) Significant accounting policies
a) Business combinations and goodwill
As acquisitions of interests in such arrangements are not within the scope of IFRS 3, OMV\u2019s accounting policy is to treat such transactions as asset acquisitions.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-26": { "value": "
2) Significant accounting policies
a) Business combinations and goodwill
As acquisitions of interests in such arrangements are not within the scope of IFRS 3, OMV\u2019s accounting policy is to treat such transactions as asset acquisitions.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-27": { "value": "", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-28": { "value": "
g) Intangible assets and property, plant and equipment
Useful life
Years
Intangible assets
Software
3\u20137 or license duration
Concessions, licenses, contract-related intangible assets, etc.
3\u201320 or contract duration
Business-specific property, plant and equipment
C&M
Chemical production facilities
15\u201320
F&F
Pipelines
20\u201330
Storage tanks
40
Refinery facilities
25
Filling stations
5\u201320
Energy
Oil and gas wells
Unit-of-production method
Gas power plant
8\u201330
Other property, plant and equipment
Production and office buildings
20\u201350
Other technical plant and equipment
10\u201320
Fixtures and fittings
3\u201315
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-29": { "value": "
b) Sales revenue
c) Revenues from other sources
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-30": { "value": "
c) Revenues from other sources
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradingIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-31": { "value": "
d) Exploration expenses
e) Research and development
f) Exploration and production sharing agreements
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-32": { "value": "
d) Exploration expenses
f) Exploration and production sharing agreements
h) Oil and gas assets

Significant estimates and judgments: Recoverability of unproved oil and gas assets
There may be cases when costs related to unproved oil and gas properties remain capitalized over longer periods while various appraisal and seismic activities continue in order to assess the size of the reservoir and its commerciality. Further decisions on the optimum timing of such developments are made from a resource and portfolio point of view. As soon as there is no further intention to develop a discovery, the assets are immediately impaired.


Significant estimate: Oil and gas reserves
The oil and gas reserves are estimated by the Group\u2019s petroleum experts in accordance with industry standards and reassessed at least once per year. In addition, external reviews are performed regularly. In 2023, the reserves of all material oil and gas assets (as of December 31, 2022), except for those in Tunisia, the Kurdistan region of Iraq (KRI), Malaysia and Yemen were externally reviewed by DeGolyer and MacNaughton (D&M). The reserves of the oil and gas assets in Tunisia, KRI, and Malaysia were externally reviewed the year before.
The results of the external reviews did not show significant deviations from the internal estimates, apart from a few exceptional cases. In the case of significant deviations, OMV performs further analysis, involving additional independent experts where necessary.
Oil and gas reserve estimates have a significant impact on the assessment of the recoverability of the carrying amounts of the Group\u2019s oil and gas assets. Downward revisions of these estimates could lead to impairment of the asset\u2019s carrying amount. In addition, changes to the estimates of oil and gas reserves impact prospectively the amount of amortization and depreciation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-33": { "value": "
e) Research and development
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-34": { "value": "
e) Research and development
Development costs are capitalized if the recognition criteria according to IAS 38 are fulfilled.
f) Exploration and production sharing agreements
g) Intangible assets and property, plant and equipment
Useful life
Years
Intangible assets
Software
3\u20137 or license duration
Concessions, licenses, contract-related intangible assets, etc.
3\u201320 or contract duration
Business-specific property, plant and equipment
C&M
Chemical production facilities
15\u201320
F&F
Pipelines
20\u201330
Storage tanks
40
Refinery facilities
25
Filling stations
5\u201320
Energy
Oil and gas wells
Unit-of-production method
Gas power plant
8\u201330
Other property, plant and equipment
Production and office buildings
20\u201350
Other technical plant and equipment
10\u201320
Fixtures and fittings
3\u201315
h) Oil and gas assets

Significant estimates and judgments: Recoverability of unproved oil and gas assets
There may be cases when costs related to unproved oil and gas properties remain capitalized over longer periods while various appraisal and seismic activities continue in order to assess the size of the reservoir and its commerciality. Further decisions on the optimum timing of such developments are made from a resource and portfolio point of view. As soon as there is no further intention to develop a discovery, the assets are immediately impaired.


Significant estimate: Oil and gas reserves
The oil and gas reserves are estimated by the Group\u2019s petroleum experts in accordance with industry standards and reassessed at least once per year. In addition, external reviews are performed regularly. In 2023, the reserves of all material oil and gas assets (as of December 31, 2022), except for those in Tunisia, the Kurdistan region of Iraq (KRI), Malaysia and Yemen were externally reviewed by DeGolyer and MacNaughton (D&M). The reserves of the oil and gas assets in Tunisia, KRI, and Malaysia were externally reviewed the year before.
The results of the external reviews did not show significant deviations from the internal estimates, apart from a few exceptional cases. In the case of significant deviations, OMV performs further analysis, involving additional independent experts where necessary.
Oil and gas reserve estimates have a significant impact on the assessment of the recoverability of the carrying amounts of the Group\u2019s oil and gas assets. Downward revisions of these estimates could lead to impairment of the asset\u2019s carrying amount. In addition, changes to the estimates of oil and gas reserves impact prospectively the amount of amortization and depreciation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-35": { "value": "
f) Exploration and production sharing agreements
v) Taxes on income and deferred taxes

Significant estimates and judgments: Recoverability of deferred tax assets
The recognition of deferred tax assets requires an assessment of when those assets are likely to reverse, and an evaluation as to whether or not there will be sufficient taxable profits available to offset the assets when they reverse. This assessment of recoverability requires assumptions regarding future taxable profits and is therefore uncertain. At OMV, this assessment is based on detailed tax plannings that covers the life span of fields in E&P entities and a five-year period in the other entities.
Changes in the assumptions regarding future taxable profits can lead to an increase or decrease in theamount of deferred tax assets recognized, which has an impact on the net income in the period in which the change occurs.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-36": { "value": "
g) Intangible assets and property, plant and equipment
Useful life
Years
Intangible assets
Software
3\u20137 or license duration
Concessions, licenses, contract-related intangible assets, etc.
3\u201320 or contract duration
Business-specific property, plant and equipment
C&M
Chemical production facilities
15\u201320
F&F
Pipelines
20\u201330
Storage tanks
40
Refinery facilities
25
Filling stations
5\u201320
Energy
Oil and gas wells
Unit-of-production method
Gas power plant
8\u201330
Other property, plant and equipment
Production and office buildings
20\u201350
Other technical plant and equipment
10\u201320
Fixtures and fittings
3\u201315
h) Oil and gas assets

Significant estimates and judgments: Recoverability of unproved oil and gas assets
There may be cases when costs related to unproved oil and gas properties remain capitalized over longer periods while various appraisal and seismic activities continue in order to assess the size of the reservoir and its commerciality. Further decisions on the optimum timing of such developments are made from a resource and portfolio point of view. As soon as there is no further intention to develop a discovery, the assets are immediately impaired.


Significant estimate: Oil and gas reserves
The oil and gas reserves are estimated by the Group\u2019s petroleum experts in accordance with industry standards and reassessed at least once per year. In addition, external reviews are performed regularly. In 2023, the reserves of all material oil and gas assets (as of December 31, 2022), except for those in Tunisia, the Kurdistan region of Iraq (KRI), Malaysia and Yemen were externally reviewed by DeGolyer and MacNaughton (D&M). The reserves of the oil and gas assets in Tunisia, KRI, and Malaysia were externally reviewed the year before.
The results of the external reviews did not show significant deviations from the internal estimates, apart from a few exceptional cases. In the case of significant deviations, OMV performs further analysis, involving additional independent experts where necessary.
Oil and gas reserve estimates have a significant impact on the assessment of the recoverability of the carrying amounts of the Group\u2019s oil and gas assets. Downward revisions of these estimates could lead to impairment of the asset\u2019s carrying amount. In addition, changes to the estimates of oil and gas reserves impact prospectively the amount of amortization and depreciation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-37": { "value": "Costs for replacing components are capitalized and carrying values of the replaced parts are derecognized. Costs relating to minor maintenance and repairs are treated as expenses in the year in which they are incurred.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-38": { "value": "
Useful life
Years
Intangible assets
Software
3\u20137 or license duration
Concessions, licenses, contract-related intangible assets, etc.
3\u201320 or contract duration
Business-specific property, plant and equipment
C&M
Chemical production facilities
15\u201320
F&F
Pipelines
20\u201330
Storage tanks
40
Refinery facilities
25
Filling stations
5\u201320
Energy
Oil and gas wells
Unit-of-production method
Gas power plant
8\u201330
Other property, plant and equipment
Production and office buildings
20\u201350
Other technical plant and equipment
10\u201320
Fixtures and fittings
3\u201315
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-39": { "value": "
Useful life
Years
Intangible assets
Software
3\u20137 or license duration
Concessions, licenses, contract-related intangible assets, etc.
3\u201320 or contract duration
Business-specific property, plant and equipment
C&M
Chemical production facilities
15\u201320
F&F
Pipelines
20\u201330
Storage tanks
40
Refinery facilities
25
Filling stations
5\u201320
Energy
Oil and gas wells
Unit-of-production method
Gas power plant
8\u201330
Other property, plant and equipment
Production and office buildings
20\u201350
Other technical plant and equipment
10\u201320
Fixtures and fittings
3\u201315
h) Oil and gas assets

Significant estimates and judgments: Recoverability of unproved oil and gas assets
There may be cases when costs related to unproved oil and gas properties remain capitalized over longer periods while various appraisal and seismic activities continue in order to assess the size of the reservoir and its commerciality. Further decisions on the optimum timing of such developments are made from a resource and portfolio point of view. As soon as there is no further intention to develop a discovery, the assets are immediately impaired.


Significant estimate: Oil and gas reserves
The oil and gas reserves are estimated by the Group\u2019s petroleum experts in accordance with industry standards and reassessed at least once per year. In addition, external reviews are performed regularly. In 2023, the reserves of all material oil and gas assets (as of December 31, 2022), except for those in Tunisia, the Kurdistan region of Iraq (KRI), Malaysia and Yemen were externally reviewed by DeGolyer and MacNaughton (D&M). The reserves of the oil and gas assets in Tunisia, KRI, and Malaysia were externally reviewed the year before.
The results of the external reviews did not show significant deviations from the internal estimates, apart from a few exceptional cases. In the case of significant deviations, OMV performs further analysis, involving additional independent experts where necessary.
Oil and gas reserve estimates have a significant impact on the assessment of the recoverability of the carrying amounts of the Group\u2019s oil and gas assets. Downward revisions of these estimates could lead to impairment of the asset\u2019s carrying amount. In addition, changes to the estimates of oil and gas reserves impact prospectively the amount of amortization and depreciation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForOilAndGasAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-40": { "value": "
i) Associated companies and joint arrangements
Joint operations are joint arrangements in which the parties that share joint control have rights to the assets, and obligations for the liabilities, relating to the arrangement.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-41": { "value": "
i) Associated companies and joint arrangements
Associated companies are those entities in which the Group has significant influence, but no control or joint control over the financial and operating policies. Joint arrangements, which are arrangements of which the Group has joint control together with one or more parties, are classified into joint ventures or joint operations. Joint ventures are joint arrangements in which the parties that share control have rights to the net assets of the arrangement.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-42": { "value": "Associated companies are those entities in which the Group has significant influence, but no control or joint control over the financial and operating policies", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-43": { "value": "Joint arrangements, which are arrangements of which the Group has joint control together with one or more parties, are classified into joint ventures or joint operations. Joint ventures are joint arrangements in which the parties that share control have rights to the net assets of the arrangement", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-44": { "value": "
k) Assets held for sale
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-45": { "value": "
k) Assets held for sale
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-46": { "value": "
l) Leases

Significant estimates and judgments: Leases
OMV has a significant number of contracts in which it leases filling stations. Many of those contracts include prolongation and termination options. Prolongation options or periods after termination options are included in the lease term if it is reasonably certain that the lease will be prolonged or not terminated. When determining the lease term, the Group takes into account all relevant facts and circumstances that create an economic incentive for shortening or prolonging the lease term using the available options. When assessing the lease term of leases in filling stations for periods covered by prolongation or termination options, the assumption was applied that the lease term will not exceed 20 years.
Optional periods not taken into account in the measurement of the leases, exist mainly for E&P equipment in Romania, office buildings, a plot of land in Belgium and gas storage caverns in Germany. The prolongation option for the office buildings and the gas storage caverns can only be exercised in the distant future.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-47": { "value": "
m) Non-derivative financial assets

Significant estimates and judgments: Fair value and recoverability of financial assets
The management periodically assesses the receivable related to expenditure recoverable from the Romanian state regarding obligations for decommissioning and restoration costs in OMV Petrom SA. The assessment process takes into consideration aspects such as the history of amounts claimed, documentation process-related requirements, potential litigation, and arbitration proceedings.
OMV has a contractual position toward Gazprom from the redetermination of the reserves of the Yuzhno Russkoye gas field, which was taken over as part of the acquisition of the participation in this field in 2017. According to this agreement, the volume of gas reserves in the Yuzhno Russkoye field is contractually defined and if the reserves are higher or lower than what was assumed in the agreement, either OMV could be obligated to compensate Gazprom (but would have profited in the future from higher sales volumes) or Gazprom could be obligated to compensate OMV. The payment for the reserve redetermination is linked to the actual amount of the gas reserves.
A fair value calculation based on three different scenarios, one of them based on an internal estimate by OMV, led to a positive value. In the current difficult political and legal environment in Russia, however, OMV does not expect this contractual position to be recoverable and measures this receivable with a value of zero (2022: zero).Details on the valuation of the investments measured at fair value through profit or loss in the Yuzhno Russkoye gas field can be found in Note 20 \u2013 Financial assets.
n) Derivative financial instruments and hedge accounting

r) Cash and cash equivalents
u) Non-derivative financial liabilities
x) Fair value measurement
OMV participates in several supplier finance programs under which its suppliers may elect to receive early payment of their invoice from a bank by factoring their receivable from the Group to the bank. Under the arrangement, the bank agrees to pay amounts to a supplier participating in the program in respect of invoices owed by the Group and receives settlement from OMV later. The principal purpose of these programs is to facilitate efficient payment processing and enable the consenting suppliers to sell their receivables due from OMV to a bank before their maturity. The Group has not derecognized the majority of the original liabilities to which the arrangement applies because neither was legal release obtained nor was the original liability substantially modified while entering into the arrangement. Most liabilities remain within trade payables and other financial liabilities until payment. From OMV\u2019s perspective, these arrangements do not significantly extend payment terms beyond the normal terms agreed with other suppliers that are not participating in the programs. Consequently, cash effects are included in the cash flow from operating activities.
32 Offsetting of financial assets and financial liabilities
The risk retained by the OMV Group is insignificant and therefore the trade receivables sold are derecognized in their entirety.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-48": { "value": "
m) Non-derivative financial assets

Significant estimates and judgments: Fair value and recoverability of financial assets
The management periodically assesses the receivable related to expenditure recoverable from the Romanian state regarding obligations for decommissioning and restoration costs in OMV Petrom SA. The assessment process takes into consideration aspects such as the history of amounts claimed, documentation process-related requirements, potential litigation, and arbitration proceedings.
OMV has a contractual position toward Gazprom from the redetermination of the reserves of the Yuzhno Russkoye gas field, which was taken over as part of the acquisition of the participation in this field in 2017. According to this agreement, the volume of gas reserves in the Yuzhno Russkoye field is contractually defined and if the reserves are higher or lower than what was assumed in the agreement, either OMV could be obligated to compensate Gazprom (but would have profited in the future from higher sales volumes) or Gazprom could be obligated to compensate OMV. The payment for the reserve redetermination is linked to the actual amount of the gas reserves.
A fair value calculation based on three different scenarios, one of them based on an internal estimate by OMV, led to a positive value. In the current difficult political and legal environment in Russia, however, OMV does not expect this contractual position to be recoverable and measures this receivable with a value of zero (2022: zero).Details on the valuation of the investments measured at fair value through profit or loss in the Yuzhno Russkoye gas field can be found in Note 20 \u2013 Financial assets.
n) Derivative financial instruments and hedge accounting

r) Cash and cash equivalents
32 Offsetting of financial assets and financial liabilities
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-49": { "value": "
n) Derivative financial instruments and hedge accounting

x) Fair value measurement
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-50": { "value": "The risk retained by the OMV Group is insignificant and therefore the trade receivables sold are derecognized in their entirety.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-51": { "value": "", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-52": { "value": "", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-53": { "value": "
n) Derivative financial instruments and hedge accounting

u) Non-derivative financial liabilities
OMV participates in several supplier finance programs under which its suppliers may elect to receive early payment of their invoice from a bank by factoring their receivable from the Group to the bank. Under the arrangement, the bank agrees to pay amounts to a supplier participating in the program in respect of invoices owed by the Group and receives settlement from OMV later. The principal purpose of these programs is to facilitate efficient payment processing and enable the consenting suppliers to sell their receivables due from OMV to a bank before their maturity. The Group has not derecognized the majority of the original liabilities to which the arrangement applies because neither was legal release obtained nor was the original liability substantially modified while entering into the arrangement. Most liabilities remain within trade payables and other financial liabilities until payment. From OMV\u2019s perspective, these arrangements do not significantly extend payment terms beyond the normal terms agreed with other suppliers that are not participating in the programs. Consequently, cash effects are included in the cash flow from operating activities.
32 Offsetting of financial assets and financial liabilities
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-54": { "value": "
n) Derivative financial instruments and hedge accounting

", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-55": { "value": "
n) Derivative financial instruments and hedge accounting

", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-56": { "value": "
n) Derivative financial instruments and hedge accounting
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-57": { "value": "
o) Borrowing costs
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-58": { "value": "
o) Borrowing costs
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-59": { "value": "
o) Borrowing costs
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-60": { "value": "
o) Borrowing costs
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-61": { "value": "
p) Government grants
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-62": { "value": "
q) Inventories
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-63": { "value": "
r) Cash and cash equivalents
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-64": { "value": "
s) Provisions

Significant estimates and judgments: Decommissioning provisions
The most significant decommissioning obligations of the Group are related to the plugging of wells, the abandonment of facilities, and the removal and disposal of offshore installations. The majority of these activities are planned to occur many years in the future, while decommissioning technologies, costs, regulations and public expectations are constantly changing. Estimates of future restoration costs are based on reports prepared by Group experts or by partner companies and on past experience. Any significant downward changes in the expected future costs or postponement in the future affect both the provision and the related asset, to the extent that there is sufficient carrying amount. Otherwise, the provision is reversed to income. Significant upward revisions trigger the assessment of the recoverability of the underlying asset.
Provisions for decommissioning and restoration costs require estimates of discount and inflation rates, which have material effects on the amounts of the provision. The assumptions used are disclosed in Note 25 \u2013 Provisions.

Significant estimates and judgments: Pensions and similar obligations
The projected unit credit method of calculating provisions for pensions, severance and jubilee entitlements requires estimates of discount rates, future increases in salaries and future increases in pensions. For current actuarial assumptions for calculating expected defined benefit entitlements and their sensitivity analysis see Note 25 \u2013 Provisions.
The biometrical basis for calculating provisions for pensions, severance and jubilee entitlements of Austrian Group companies is provided by AV\u00d6 2018 P \u2013 Angestellte - Rechnungsgrundlagen f\u00fcr die Pensionsversicherung (Biometric Tables for Pension Insurance), using the variant for salaried employees. In other countries, similar actuarial parameters are used. Employee turnover was computed based on age or years of service, respectively. The expected retirement age used for calculations is based on the relevant country\u2019s legislation.

Significant estimates and judgments: Provisions for onerous contracts
OMV concluded several long-term, non-cancellable contracts in the past that became onerous due to the negative development of market conditions. This led to the recognition of onerous contract provisions in the Group\u2019s financial statements for the unavoidable costs of meeting the contract obligations.
The estimates used for calculating the positive contributions that partly cover the fixed costs were based on external sources and management expectations. For more details see Note 25 \u2013 Provisions.
t) Emission allowances
w) Long Term Incentive (LTI) Plans and Equity Deferral
Voluntary changes in accounting policies
Consolidated Statement of Financial Position
In EUR mn
As previously
reported
Adjustments
As restated
2022
Other assets
1,198
434
1,632
Current assets
22,369
434
22,803
Total assets
56,429
434
56,863
Other provisions
505
434
939
Current liabilities
13,567
434
14,001
Total equity and liabilities
56,429
434
56,863
2021
Other assets
621
376
997
Current assets
18,595
376
18,971
Total assets
53,798
376
54,174
Other provisions
360
376
736
Current liabilities
13,677
376
14,053
Total equity and liabilities
53,798
376
54,174
For OMV Petrom SA, the unwinding expenses for decommissioning provisions are included net of the unwinding income from receivables recoverable from the Romanian state.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-65": { "value": "

Significant estimates and judgments: Decommissioning provisions
The most significant decommissioning obligations of the Group are related to the plugging of wells, the abandonment of facilities, and the removal and disposal of offshore installations. The majority of these activities are planned to occur many years in the future, while decommissioning technologies, costs, regulations and public expectations are constantly changing. Estimates of future restoration costs are based on reports prepared by Group experts or by partner companies and on past experience. Any significant downward changes in the expected future costs or postponement in the future affect both the provision and the related asset, to the extent that there is sufficient carrying amount. Otherwise, the provision is reversed to income. Significant upward revisions trigger the assessment of the recoverability of the underlying asset.
Provisions for decommissioning and restoration costs require estimates of discount and inflation rates, which have material effects on the amounts of the provision. The assumptions used are disclosed in Note 25 \u2013 Provisions.
For OMV Petrom SA, the unwinding expenses for decommissioning provisions are included net of the unwinding income from receivables recoverable from the Romanian state.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-66": { "value": "

Significant estimates and judgments: Pensions and similar obligations
The projected unit credit method of calculating provisions for pensions, severance and jubilee entitlements requires estimates of discount rates, future increases in salaries and future increases in pensions. For current actuarial assumptions for calculating expected defined benefit entitlements and their sensitivity analysis see Note 25 \u2013 Provisions.
The biometrical basis for calculating provisions for pensions, severance and jubilee entitlements of Austrian Group companies is provided by AV\u00d6 2018 P \u2013 Angestellte - Rechnungsgrundlagen f\u00fcr die Pensionsversicherung (Biometric Tables for Pension Insurance), using the variant for salaried employees. In other countries, similar actuarial parameters are used. Employee turnover was computed based on age or years of service, respectively. The expected retirement age used for calculations is based on the relevant country\u2019s legislation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-67": { "value": "Provisions for pensions, severance payments and jubilee payments are calculated using the projected unit credit method, which divides the costs of the estimated benefit entitlements over the whole period of employment and thus takes future increases in remuneration into account. Actuarial gains and losses for defined benefit pension and severance payment obligations are recognized in full in the period in which they occur in other comprehensive income. Such actuarial gains and losses are not reclassified to profit or loss in subsequent periods.

Significant estimates and judgments: Pensions and similar obligations
The projected unit credit method of calculating provisions for pensions, severance and jubilee entitlements requires estimates of discount rates, future increases in salaries and future increases in pensions. For current actuarial assumptions for calculating expected defined benefit entitlements and their sensitivity analysis see Note 25 \u2013 Provisions.
The biometrical basis for calculating provisions for pensions, severance and jubilee entitlements of Austrian Group companies is provided by AV\u00d6 2018 P \u2013 Angestellte - Rechnungsgrundlagen f\u00fcr die Pensionsversicherung (Biometric Tables for Pension Insurance), using the variant for salaried employees. In other countries, similar actuarial parameters are used. Employee turnover was computed based on age or years of service, respectively. The expected retirement age used for calculations is based on the relevant country\u2019s legislation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-68": { "value": "
t) Emission allowances
Voluntary changes in accounting policies
Consolidated Statement of Financial Position
In EUR mn
As previously
reported
Adjustments
As restated
2022
Other assets
1,198
434
1,632
Current assets
22,369
434
22,803
Total assets
56,429
434
56,863
Other provisions
505
434
939
Current liabilities
13,567
434
14,001
Total equity and liabilities
56,429
434
56,863
2021
Other assets
621
376
997
Current assets
18,595
376
18,971
Total assets
53,798
376
54,174
Other provisions
360
376
736
Current liabilities
13,677
376
14,053
Total equity and liabilities
53,798
376
54,174
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmissionRightsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-69": { "value": "
u) Non-derivative financial liabilities
OMV participates in several supplier finance programs under which its suppliers may elect to receive early payment of their invoice from a bank by factoring their receivable from the Group to the bank. Under the arrangement, the bank agrees to pay amounts to a supplier participating in the program in respect of invoices owed by the Group and receives settlement from OMV later. The principal purpose of these programs is to facilitate efficient payment processing and enable the consenting suppliers to sell their receivables due from OMV to a bank before their maturity. The Group has not derecognized the majority of the original liabilities to which the arrangement applies because neither was legal release obtained nor was the original liability substantially modified while entering into the arrangement. Most liabilities remain within trade payables and other financial liabilities until payment. From OMV\u2019s perspective, these arrangements do not significantly extend payment terms beyond the normal terms agreed with other suppliers that are not participating in the programs. Consequently, cash effects are included in the cash flow from operating activities.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-70": { "value": "
u) Non-derivative financial liabilities
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-71": { "value": "", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-72": { "value": "Deferred taxes are recognized for temporary differences.

Significant estimates and judgments: Recoverability of deferred tax assets
The recognition of deferred tax assets requires an assessment of when those assets are likely to reverse, and an evaluation as to whether or not there will be sufficient taxable profits available to offset the assets when they reverse. This assessment of recoverability requires assumptions regarding future taxable profits and is therefore uncertain. At OMV, this assessment is based on detailed tax plannings that covers the life span of fields in E&P entities and a five-year period in the other entities.
Changes in the assumptions regarding future taxable profits can lead to an increase or decrease in theamount of deferred tax assets recognized, which has an impact on the net income in the period in which the change occurs.
As disclosed in Note 3 \u2013 Accounting policies, judgments and estimates, section 3 \u2013 Changes in accounting policies, the Group has applied the mandatory temporary exception with respect to recognition and disclosure of information about deferred taxes related to Pillar Two income taxes.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-73": { "value": "
w) Long Term Incentive (LTI) Plans and Equity Deferral
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-74": { "value": "
x) Fair value measurement
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-75": { "value": "
y) Foreign currency translation
Foreign currency translation
2023
2022
Statement of
financial
position date
Average
Statement of
financial
position date
Average
Bulgarian lev (BGN)
1.956
1.956
1.956
1.956
Czech crown (CZK)
24.724
24.004
24.116
24.566
Hungarian forint (HUF)
382.800
381.850
400.870
391.290
New Zealand dollar (NZD)
1.750
1.762
1.680
1.658
Norwegian krone (NOK)
11.241
11.425
10.514
10.103
Romanian leu (RON)
4.976
4.947
4.950
4.931
Swedish krona (SEK)
11.096
11.479
11.122
10.630
US dollar (USD)
1.105
1.081
1.067
1.053
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-76": { "value": "
Foreign currency translation
2023
2022
Statement of
financial
position date
Average
Statement of
financial
position date
Average
Bulgarian lev (BGN)
1.956
1.956
1.956
1.956
Czech crown (CZK)
24.724
24.004
24.116
24.566
Hungarian forint (HUF)
382.800
381.850
400.870
391.290
New Zealand dollar (NZD)
1.750
1.762
1.680
1.658
Norwegian krone (NOK)
11.241
11.425
10.514
10.103
Romanian leu (RON)
4.976
4.947
4.950
4.931
Swedish krona (SEK)
11.096
11.479
11.122
10.630
US dollar (USD)
1.105
1.081
1.067
1.053
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-77": { "value": "
Foreign currency translation
2023
2022
Statement of
financial
position date
Average
Statement of
financial
position date
Average
Bulgarian lev (BGN)
1.956
1.956
1.956
1.956
Czech crown (CZK)
24.724
24.004
24.116
24.566
Hungarian forint (HUF)
382.800
381.850
400.870
391.290
New Zealand dollar (NZD)
1.750
1.762
1.680
1.658
Norwegian krone (NOK)
11.241
11.425
10.514
10.103
Romanian leu (RON)
4.976
4.947
4.950
4.931
Swedish krona (SEK)
11.096
11.479
11.122
10.630
US dollar (USD)
1.105
1.081
1.067
1.053
7 Other operating income and net income from equity-accounted investments
Other operating income and net income from equity-accounted investments
In EUR mn
2023
2022
Foreign exchange gains from operating activities
200
298
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets
237
766
Residual other operating income
305
579
Other operating income
742
1,644
Income from equity-accounted investments
580
937
Expenses from equity-accounted investments
\u2013254
\u201368
Net income from equity-accounted investments
326
869
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Other financial income and expenses
In EUR mn
2023
2022
Carrying amount of sold trade and other receivables
\u201311,825
\u201310,857
Proceeds on sold trade and other receivables
11,748
10,811
Financing charges for factoring and securitization
\u201377
\u201346
Net foreign exchange gains (+)/losses (\u2013)
\u201329
95
Other
\u201332
\u20131,393
Other financial income and expenses
\u2013138
\u20131,345
Intangible assets
In EUR mn
Concessions,
software,
licenses,
rights
Development costs
Oil and gas
assets
with unproved
reserves
Goodwill
Total
2023
Development of costs
January 1
1,330
572
1,811
585
4,298
Currency translation differences
\u20133
\u20130
\u201328
\u201317
\u201348
Changes in the consolidated group
28
\u2014
\u2014
21
49
Additions
39
112
201
\u2014
352
Transfers
20
14
\u2013583
\u2014
\u2013549
Assets held for sale
\u20130
\u2014
\u2013243
\u2013205
\u2013448
Disposals
\u201328
\u20133
\u2013195
\u2014
\u2013225
December 31
1,385
695
963
384
3,428
Development of amortization
January 1
769
86
934
\u2014
1,788
Currency translation differences
\u20132
\u2014
\u201321
\u2014
\u201323
Amortization
93
34
0
\u2014
127
Impairments
11
3
158
\u2014
171
Transfers
\u20130
\u2014
\u201314
\u2014
\u201314
Assets held for sale
\u20130
\u2014
\u2013173
\u2014
\u2013173
Disposals
\u201329
\u20133
\u2013195
\u2014
\u2013227
Write-ups
\u2014
\u2014
\u20131
\u2014
\u20131
December 31
842
119
688
\u2014
1,649
Carrying amount January 1
562
486
878
585
2,510
Carrying amount December 31
543
576
275
384
1,779
2022
Development of costs
January 1
2,199
464
1,876
562
5,101
Currency translation differences
\u2013236
\u2014
36
28
\u2013172
Changes in the consolidated group
\u2013662
\u2014
\u201336
\u2014
\u2013699
Additions
31
110
172
\u2014
313
Transfers
5
\u2014
\u2013141
\u2014
\u2013136
Assets held for sale
\u20130
\u2014
27
\u2014
27
Disposals
\u20136
\u20132
\u2013122
\u20136
\u2013136
December 31
1,330
572
1,811
585
4,298
Development of amortization
January 1
979
52
909
\u2014
1,940
Currency translation differences
\u201385
\u20130
25
\u2014
\u201360
Changes in the consolidated group
\u2013234
\u2014
\u201336
\u2014
\u2013270
Amortization
108
31
0
\u2014
140
Impairments
6
3
179
\u2014
189
Transfers
\u20130
\u2014
\u201324
\u2014
\u201324
Assets held for sale
\u20131
\u2014
1
\u2014
\u20130
Disposals
\u20135
\u20131
\u2013121
\u2014
\u2013127
December 31
769
86
934
\u2014
1,788
Carrying amount January 1
1,220
411
967
562
3,161
Carrying amount December 31
562
486
878
585
2,510
Goodwill allocation
In EUR mn
2023
2022
Middle East and Africa
330
342
SapuraOMV
\u2014
210
Goodwill allocated to Energy
330
552
Retail Slovakia
7
7
Refining Austria
26
26
Goodwill allocated to Fuels & Feedstock
33
33
Polypropylene1
21
\u2014
Goodwill allocated to Chemicals & Materials
21
\u2014
Goodwill
384
585
1 Related to the acquisition of Rialti S.p.A.
The remaining goodwill allocated to Energy decreased due to unfavorable currency translation differences.
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings,
and
equipment
Assets
under construction
Total
2023
Development of costs
January 1
3,512
26,549
12,002
2,043
2,061
46,168
Currency translation differences
\u20139
\u2013700
\u201321
\u20134
\u20135
\u2013738
Changes in the consolidated group
11
\u2014
53
2
12
78
Additions
143
1,265
491
95
1,389
3,383
New obligations and change in estimates for decommissioning
4
309
12
0
\u2014
326
Transfers
\u201333
592
848
121
\u2013969
559
Assets held for sale
\u20136
\u20131,431
0
\u20130
\u20138
\u20131,444
Disposals
\u201318
\u2013160
\u2013195
\u201379
\u20132
\u2013454
December 31
3,606
26,425
13,191
2,178
2,479
47,878
Development of depreciation
January 1
1,805
17,205
6,378
1,457
6
26,851
Currency translation differences
\u20135
\u2013467
\u20136
\u20133
0
\u2013480
Changes in the consolidated group
\u20131
\u2014
\u20134
\u20130
\u2014
\u20135
Depreciation
159
1,330
674
150
\u2014
2,314
Impairments
0
59
29
1
12
101
Transfers
\u201337
16
34
2
\u2014
14
Assets held for sale
\u20136
\u2013370
\u2014
\u20130
\u20133
\u2013380
Disposals
\u201313
\u2013158
\u2013191
\u201367
\u20131
\u2013429
Write-ups
\u20132
\u2013116
\u201370
\u20130
\u2014
\u2013188
December 31
1,900
17,498
6,844
1,540
15
27,798
Carrying amount January 1
1,706
9,344
5,624
586
2,055
19,317
Carrying amount December 31
1,705
8,927
6,347
637
2,464
20,081
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings
and
equipment
Assets
under construction
Total
2022
Development of costs
January 1
3,398
25,042
11,254
1,989
1,511
43,195
Currency translation differences
\u201317
174
\u2013169
\u20133
\u20134
\u201320
Additions
111
1,244
678
51
1,268
3,352
New obligations and change in estimates for decommissioning
4
\u201374
\u201321
0
\u2014
\u201390
Transfers
69
127
539
88
\u2013690
133
Assets held for sale
\u201318
236
\u201359
\u201312
\u201310
136
Disposals
\u201335
\u2013200
\u2013220
\u201368
\u201313
\u2013537
December 31
3,512
26,549
12,002
2,043
2,061
46,168
Development of depreciation
January 1
1,698
15,451
6,085
1,383
8
24,626
Currency translation differences
\u20138
18
\u2013106
\u20133
0
\u201398
Depreciation
138
1,390
671
144
\u2014
2,342
Impairments
6
595
8
2
8
619
Transfers
1
22
\u20138
6
2
24
Assets held for sale
\u20136
241
\u201355
\u20139
\u20131
170
Disposals
\u201324
\u2013195
\u2013211
\u201366
\u20139
\u2013505
Write-ups
\u20130
\u2013317
\u20137
\u2014
\u20132
\u2013327
December 31
1,805
17,205
6,378
1,457
6
26,851
Carrying amount January 1
1,700
9,591
5,169
606
1,503
18,569
Carrying amount December 31
1,706
9,344
5,624
586
2,055
19,317
Carrying amount reconciliation
In EUR mn
2023
2022
Associate
Joint
Ventures
Associate
Joint
Ventures
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
January 1
1,524
4,030
674
1,181
4,061
688
Currency translation differences
\u201354
\u2013117
\u201322
83
248
44
Transfers
\u2014
\u2014
\u2014
\u2014
3372
\u2014
Additions and other changes
\u2014
\u2014
921
\u2014
\u2014
\u2014
Net income
178
281
\u2013158
308
400
\u201358
Write-ups (+)/Impairments (\u2013)
\u2014
\u2014
\u2014
67
\u2014
\u2014
Other comprehensive income
2
\u20131
\u2014
\u2014
7
\u2014
Disposals and other charges
\u2014
\u2014
\u2014
\u2014
\u20134303
\u2014
Dividends distributed
\u2013206
\u2013455
\u2014
\u2013116
\u2013592
\u2014
December 31
1,444
3,737
586
1,524
4,030
674
1 Refers to capital contribution.
2 Mainly comprises the direct share in PTE, which is part of Borouge investments and therefore included in the material joint ventures from 2022 onwards.
3 Refers to partial disposal of ADP and PTE as a result of ADX listing in 2022.
Carrying amount reconciliation for individually immaterial associates and joint ventures
In EUR mn
2023
2022
Associates1
Joint ventures
Associates1
Joint ventures
January 1
568
498
541
416
Currency translation differences
\u201315
\u201333
\u20138
\u201313
Changes in the consolidated group2
7
\u2014
\u201389
\u2014
Transfers
\u2014
\u2014
\u2014
\u20133373
Additions and other changes
\u2014
2
24
4094
Net income
23
2
189
30
Impairments
\u201323
\u2014
\u2014
\u2014
Other comprehensive income
\u2014
\u2014
0
\u20132
Disposals and other changes
\u20131
\u20132
\u20131
\u2014
Dividends distributed
\u2013102
\u201323
\u201388
\u20135
December 31
458
443
568
498
1 Including associated companies accounted at-cost.
2 Changes in the consolidated group in 2022 represented the deconsolidation of OJSC Severneftegazprom.
3 Mainly comprises the transfer of the direct share in PTE, which is part of \u201cBorouge investments\u201d and therefore included in material joint ventures from 2022 onwards.
4 Refers mainly to the capital contribution to Borouge 4 LLC.
Impairments of trade receivables
In EUR mn
2023
2022
January 1
65
51
Amounts written off
\u20133
\u20134
Net remeasurement of expected credit losses
41
23
Currency translation differences
\u20131
0
Reclassification to assets held for sale
\u20131
\u20134
Changes in the consolidated group
\u20130
\u20131
December 31
101
65
Impairments of other financial assets at amortized cost
In EUR mn
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL
credit impaired
Total
2023
January 1
10
44
1,311
1,365
Amounts written off
\u20131
\u2014
\u20135
\u20136
Net remeasurement of expected credit losses
4
\u201311
140
133
Currency translation differences
\u20130
\u20131
\u20133
\u20135
December 311, 2
13
32
1,442
1,487
2022
January 1
9
31
211
251
Amounts written off
0
\u2014
\u20135
\u20135
Net remeasurement of expected credit losses
2
12
1,100
1,114
Currency translation differences
0
2
4
6
December 311, 2
10
44
1,311
1,365
1 \u201cLifetime ECL credit impaired\u201d included fully impaired gross carrying amount of loan receivables including accrued interest related to the financing agreements for the Nord Stream 2 pipeline project in the amount of EUR 1.2 bn (2022: EUR 1.1 bn).
2 \u201c12-month ECL\u201d included an amount of EUR 1 mn (2022: EUR 1 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
The gains and losses recognized directly in other comprehensive income and their related tax effects were as follows:
Tax effects relating to each component of other comprehensive income
In EUR mn
2023
2022
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Currency translation differences
\u2013542
\u20130
\u2013542
603
\u20132
602
Gains (+)/losses (\u2013) on hedges
\u2013360
83
\u2013277
40
\u20133
37
Remeasurement gains (+)/losses (\u2013)
on defined benefit plans
\u201358
7
\u201351
263
\u201335
228
Gains (+)/losses (\u2013) on equity
investments
\u20132
1
\u20132
2
1
3
Gains (+)/losses (\u2013) on hedges that
are subsequently transferred to
the carrying amount of the
hedged item
\u201327
6
\u201321
\u201367
8
\u201358
Share of other comprehensive
income of equity-accounted
investments
02
n.a.
0
62
n.a.
6
Other comprehensive income
for the year
\u2013989
97
\u2013893
847
\u201330
817
1 Including valuation allowances for deferred tax assets for the Austrian tax group. For further details please refer to Note 14 \u2013 Taxes on income and profit.
2 Represents net-of-tax amounts
Provisions
In EUR mn
Pensions and
similar
obligations
Decommis-
sioning and
restoration
obligations
Other provisions
Total
January 1, 2023
997
3,796
1,316
6,110
Currency translation differences
0
\u201394
\u20134
\u201398
Changes in the consolidated group
1
\u2014
\u20130
1
Usage and releases
\u201358
\u2013304
\u2013973
\u20131,336
Payments to funds
\u2013104
\u2014
\u2014
\u2013104
Allocations
138
757
855
1,751
Transfers
\u20139
0
8
\u20130
Reclassified to liabilities associated with assets held for sale1
\u2014
\u20137
\u20133
\u201310
December 31, 2023
966
4,148
1,200
6,313
thereof short-term as of December 31, 2023
\u2014
69
777
846
thereof short-term as of January 1, 2023
\u2014
82
939
1,021
1 Related to the SapuraOMV disposal group. For more details refer to Note 22 \u2013 Assets and Liabilities held for sale.
Present value of obligations
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Present value of obligations as of January 1
1,302
135
1,639
150
Current service costs
21
4
24
10
Interest costs
46
6
18
2
Amounts recognized in the income statement
67
9
42
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Total remeasurements of the period (OCI)
52
13
\u2013279
\u201312
Actual benefit payments
\u201389
\u201313
\u201391
\u201310
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
\u20131
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Present value of obligations as of December 31
1,332
145
1,302
135
Provisions and expenses
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Provisions as of January\u00a01
775
135
1,044
150
Current service costs
21
4
24
10
Net interest costs
27
6
12
2
Amounts recognized in the income statement
48
9
36
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Return on plan assets
\u20136
\u2014
39
\u2014
Total remeasurements of the period (OCI)
46
13
\u2013240
\u201312
Actual benefit payments
\u201332
\u201313
\u201337
\u201310
Actual employer contributions
\u2013104
\u2014
\u201318
\u2014
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
0
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Provisions as of December\u00a031
734
145
775
135
Provisions for decommissioning and restoration obligations
In EUR mn
Carrying amount
January 1, 2023
3,796
Currency translation differences
\u201394
New obligations
15
Increase arising from revisions in estimates
534
Reduction arising from revisions in estimates
\u2013151
Unwinding of discounting
201
Reclassification to liabilities associated with assets held for sale
\u20137
Usage, disposals, and other changes
\u2013147
December 31, 2023
4,148
thereof short-term as of December 31, 2023
69
thereof short-term as of January 1, 2023
82
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2023
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
7,320
1,487
1,524
10,331
Repayments of long-term borrowings
\u20131,250
\u201344
\u2013184
\u20131,477
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
40
\u2014
40
Total cash flows related to financing activities
\u20131,250
\u20133
\u2013184
\u20131,437
Currency translation differences
\u2014
\u201322
\u20134
\u201325
Changes in the consolidated group
\u2014
24
\u201323
1
Difference between interest expenses and interest paid
3
\u201315
1
\u201311
Other changes
\u2014
\u2014
2721
272
Total non-cash changes
3
\u201314
247
236
December 31
6,073
1,470
1,587
9,130
1 Mainly related to new lease agreements
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2022
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
8,070
1,765
1,191
11,026
Repayments of long-term borrowings
\u2013750
\u2013114
\u2013183
\u20131,047
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
\u2013184
\u2014
\u2013184
Total cash flows related to financing activities
\u2013750
\u2013298
\u2013183
\u20131,230
Currency translation differences
\u2014
31
2
33
Changes in the consolidated group
\u2014
\u2014
\u2013123
\u2013123
Difference between interest expenses and interest paid
0
\u201311
1
\u201311
Other changes
\u2014
\u2014
6361
636
Total non-cash changes
0
20
515
535
December 31
7,320
1,487
1,524
10,331
1 Mainly related to new lease agreements
Reserve for unrealized exchange gains (+)/losses (\u2013) for net investment hedge1
In EUR mn
Foreign currency risk
2023
2022
Reserve as of January 1 (net of tax)
\u201313
\u20135
Valuation of the USD loans
6
\u201313
Amounts reclassified to the income statement
\u2014
2
Tax effects
\u20131
3
Reserve as of December 31 (net of tax)
\u20139
\u201313
1 Included in currency translation differences within other comprehensive income
For financial instruments, sensitivity analysis is performed for changes in foreign exchange rates of currencies material to the Group. On Group level, the EUR\u2013RON sensitivity not only includes the net RON exposure versus the EUR but also the net RON exposure versus the USD, since the USD\u2013RON exposure can be split into EUR\u2013RON and EUR\u2013USD exposure. The same is true for the EUR\u2013NOK, EUR\u2013SEK and EUR\u2013NZD exposure.
Sensitivity analysis for financial instruments affecting profit before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013RON
\u201312
12
8
\u20138
EUR\u2013USD
1
\u20131
8
\u20138
EUR\u2013NZD
\u20136
6
\u20132
2
EUR\u2013NOK
7
\u20137
23
\u201323
EUR\u2013SEK
\u20134
4
\u20133
3
1 Refers only to financial instruments and is not the same as the Group\u2019s overall foreign exchange rate sensitivity in terms of operating result.
Sensitivity analysis for financial instruments affecting other comprehensive income before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013USD
28
\u201328
43
\u201343
EUR\u2013SEK
\u201312
12
\u201316
16
1 Including sensitivity of the net investment hedge
", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-78": { "value": "
3) Changes in accounting policies
Amendments to IAS 12: International Tax Reform Pillar Two Model Rules
Voluntary changes in accounting policies
Consolidated Statement of Financial Position
In EUR mn
As previously
reported
Adjustments
As restated
2022
Other assets
1,198
434
1,632
Current assets
22,369
434
22,803
Total assets
56,429
434
56,863
Other provisions
505
434
939
Current liabilities
13,567
434
14,001
Total equity and liabilities
56,429
434
56,863
2021
Other assets
621
376
997
Current assets
18,595
376
18,971
Total assets
53,798
376
54,174
Other provisions
360
376
736
Current liabilities
13,677
376
14,053
Total equity and liabilities
53,798
376
54,174
4) Amendments to IFRSs not yet mandatory
Amendments to IFRSs
IASB effective date
Amendments to IAS 1: Classification of Liabilities as Current and Non-Current
January 1, 2024
Amendments to IFRS 16: Lease Liability in a Sale and Leaseback
January 1, 2024
Amendments to IAS 1: Non-Current Liabilities with Covenants
January 1, 2024
Amendments to IAS 7 and IFRS 7: Supplier Finance Arrangements
January 1, 2024
Amendments to IAS 21: Lack of Exchangeability
January 1, 2025
OMV voluntarily changed its accounting policy for the presentation of purchased emissions certificates and provisions for CO2 emissions in the balance sheet. For more details refer to Note 3 \u2013 Accounting policies, judgments, and estimates.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-79": { "value": "
3) Changes in accounting policies
Amendments to IAS 12: International Tax Reform Pillar Two Model Rules
Voluntary changes in accounting policies
Consolidated Statement of Financial Position
In EUR mn
As previously
reported
Adjustments
As restated
2022
Other assets
1,198
434
1,632
Current assets
22,369
434
22,803
Total assets
56,429
434
56,863
Other provisions
505
434
939
Current liabilities
13,567
434
14,001
Total equity and liabilities
56,429
434
56,863
2021
Other assets
621
376
997
Current assets
18,595
376
18,971
Total assets
53,798
376
54,174
Other provisions
360
376
736
Current liabilities
13,677
376
14,053
Total equity and liabilities
53,798
376
54,174
4) Amendments to IFRSs not yet mandatory
Amendments to IFRSs
IASB effective date
Amendments to IAS 1: Classification of Liabilities as Current and Non-Current
January 1, 2024
Amendments to IFRS 16: Lease Liability in a Sale and Leaseback
January 1, 2024
Amendments to IAS 1: Non-Current Liabilities with Covenants
January 1, 2024
Amendments to IAS 7 and IFRS 7: Supplier Finance Arrangements
January 1, 2024
Amendments to IAS 21: Lack of Exchangeability
January 1, 2025
OMV voluntarily changed its accounting policy for the presentation of purchased emissions certificates and provisions for CO2 emissions in the balance sheet. For more details refer to Note 3 \u2013 Accounting policies, judgments, and estimates.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-80": { "value": "
Consolidated Statement of Financial Position
In EUR mn
As previously
reported
Adjustments
As restated
2022
Other assets
1,198
434
1,632
Current assets
22,369
434
22,803
Total assets
56,429
434
56,863
Other provisions
505
434
939
Current liabilities
13,567
434
14,001
Total equity and liabilities
56,429
434
56,863
2021
Other assets
621
376
997
Current assets
18,595
376
18,971
Total assets
53,798
376
54,174
Other provisions
360
376
736
Current liabilities
13,677
376
14,053
Total equity and liabilities
53,798
376
54,174
Changes in segment reporting
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
", "dimensions": { "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-81": { "value": "
4 Changes in Group structure
Chemicals & Materials
Fuels & Feedstock
In addition, OMV holds minority stakes in various equity-accounted investments, the most significant ones being Borouge (United Arab Emirates), a Borealis\u2019 joint venture with ADNOC that operates the largest petrochemical complex in the world, and the Baystar joint venture (Pasadena, United States), which has operated an ethane cracker since 2022 and started up an additional polyethylene plant using the unique Borstar\u00ae technology in 2023.OMV holds minority stakes in various equity-accounted investments, the most significant being the 15% participation in ADNOC Refining (United Arab Emirates) with an annual capacity of 7.1 mn t (OMV share).
7 Other operating income and net income from equity-accounted investments
Other operating income and net income from equity-accounted investments
In EUR mn
2023
2022
Foreign exchange gains from operating activities
200
298
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets
237
766
Residual other operating income
305
579
Other operating income
742
1,644
Income from equity-accounted investments
580
937
Expenses from equity-accounted investments
\u2013254
\u201368
Net income from equity-accounted investments
326
869
In addition, residual other operating income included storage income related to Erd\u00f6l-Lagergesellschaft m.b.H. of EUR\u00a042\u00a0mn (2022: EUR 34 mn).
Income from equity-accounted investments was mainly impacted by the Abu Dhabi Oil Refining Company and the Borouge investments. Expenses from equity-accounted investments were predominantly stemming from Bayport Polymers LLC, as well as from an impairment within Pearl Petroleum Company Limited. For further details see Note 18 \u2013 Equity-accounted investments.
Impairments and write-ups in Fuels & Feedstock
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Residual other operating expenses contained expenses relating to various digitalization initiatives amounting to EUR 22 mn (2022: EUR 40 mn) as well as expenses related to minimum stockholding obligation outsourced to Erd\u00f6l-Lagergesellschaft m.b.H. in the amount of EUR 46 mn (2022: EUR 45 mn).
18 Equity-accounted investments
Material associates and joint ventures
Statement of comprehensive income \u2013 material associates
In EUR mn
2023
2022
Abu Dhabi Oil
Refining Company
Abu Dhabi Oil
Refining Company
Sales revenue
29,259
36,241
Net income for the year
1,187
2,054
Other comprehensive income
11
2
Total comprehensive income
1,198
2,056
Group\u2019s share of comprehensive income
180
308
Dividends received
206
116
Statement of financial position \u2013 material associates
In EUR mn
2023
2022
Abu Dhabi Oil
Refining Company
Abu Dhabi Oil
Refining Company
Non-current assets
16,216
17,084
Current assets
3,482
3,888
Non-current liabilities
5,636
6,363
Current liabilities
749
628
Equity
13,313
13,982
Group\u2019s share
1,997
2,097
OMV Group adjustments1
\u2013553
\u2013573
Carrying amount of investment
1,444
1,524
1 Related to impairment of investment
Statement of comprehensive income \u2013 material joint ventures
In EUR mn
2023
2022
Borouge
investments
Bayport
Polymers LLC
Borouge
investments
Bayport
Polymers LLC
Sales revenue
5,356
577
5,938
601
Depreciation, amortization, impairments and write-ups
\u2013760
\u2013135
\u2013771
\u201362
Interest income
25
2
19
1
Interest expenses
\u2013204
\u2013107
\u2013111
\u201323
Taxes on income and profit
\u2013301
\u20130
\u2013446
\u2014
Net income for the year
815
\u2013317
1,055
\u2013116
Other comprehensive income
\u20134
\u2014
20
\u2014
Total comprehensive income
811
\u2013317
1,075
\u2013116
Group\u2019s share of comprehensive income
280
\u2013158
407
\u201358
Dividends received
455
\u2014
592
\u2014
Statement of financial position \u2013 material joint ventures
In EUR mn
2023
2022
Borouge
investments
Bayport
Polymers LLC
Borouge
investments
Bayport
Polymers LLC
Non-current assets
6,271
3,894
6,842
4,002
Current assets
1,823
352
2,758
188
thereof cash and cash equivalents
320
41
1,072
30
Non-current liabilities
3,165
2,683
4,070
2,443
thereof non-current financial liabilities
(excl. other liabilities and provisions)
2,988
2,681
3,884
2,441
Current liabilities
815
343
964
352
thereof current financial liabilities
(excl. trade payables, other liabilities, and provisions)
8
195
4
206
Equity
4,114
1,219
4,566
1,396
Group\u2019s share
1,489
610
1,656
698
Goodwill
1,986
\u2014
2,058
\u2014
OMV Group adjustments1
263
\u201324
316
\u201324
Carrying amount of investment
3,737
586
4,030
674
1 OMV Group adjustments related to Borouge investments mainly referred to purchase price adjustments of EUR 377 mn (2022: EUR 448 mn) related to non-current assets and EUR 113 mn (2022: EUR 131 mn) related to non-current liabilities.
Carrying amount reconciliation
In EUR mn
2023
2022
Associate
Joint
Ventures
Associate
Joint
Ventures
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
January 1
1,524
4,030
674
1,181
4,061
688
Currency translation differences
\u201354
\u2013117
\u201322
83
248
44
Transfers
\u2014
\u2014
\u2014
\u2014
3372
\u2014
Additions and other changes
\u2014
\u2014
921
\u2014
\u2014
\u2014
Net income
178
281
\u2013158
308
400
\u201358
Write-ups (+)/Impairments (\u2013)
\u2014
\u2014
\u2014
67
\u2014
\u2014
Other comprehensive income
2
\u20131
\u2014
\u2014
7
\u2014
Disposals and other charges
\u2014
\u2014
\u2014
\u2014
\u20134303
\u2014
Dividends distributed
\u2013206
\u2013455
\u2014
\u2013116
\u2013592
\u2014
December 31
1,444
3,737
586
1,524
4,030
674
1 Refers to capital contribution.
2 Mainly comprises the direct share in PTE, which is part of Borouge investments and therefore included in the material joint ventures from 2022 onwards.
3 Refers to partial disposal of ADP and PTE as a result of ADX listing in 2022.
Individually immaterial associates and joint ventures
Furthermore, OMV has a 10% interest (2022: 10%) in Pearl Petroleum Company Limited, registered in Road Town, British Virgin Islands, which is involved in the exploration and production of hydrocarbons in the Kurdistan region of Iraq. According to the joint venture agreement OMV has significant influence within the meaning of IAS 28, as unanimous consent is required for some strategic decisions. Therefore, Pearl is accounted for using the equity method even though OMV\u2019s share is just 10%. In 2023, exploration & appraisal assets included in OMV\u2019s initial purchase price allocation of its share in Pearl were partly impaired.
In 2023, an impairment was recognized for the investment in BlueAlp Holding B.V. For further details please refer to Note 8 \u2013 Depreciation, Amortization, Impairments and Write-ups.
Statement of comprehensive income for individually immaterial associates and joint ventures \u2013 Group\u2019s share
In EUR mn
2023
2022
Associates
Joint ventures
Associates
Joint ventures
Sales revenue
5,797
360
5,889
461
Net income for the year
23
2
189
30
Other comprehensive income
\u2014
\u2014
0
\u20132
Total comprehensive income
23
2
190
27
Carrying amount reconciliation for individually immaterial associates and joint ventures
In EUR mn
2023
2022
Associates1
Joint ventures
Associates1
Joint ventures
January 1
568
498
541
416
Currency translation differences
\u201315
\u201333
\u20138
\u201313
Changes in the consolidated group2
7
\u2014
\u201389
\u2014
Transfers
\u2014
\u2014
\u2014
\u20133373
Additions and other changes
\u2014
2
24
4094
Net income
23
2
189
30
Impairments
\u201323
\u2014
\u2014
\u2014
Other comprehensive income
\u2014
\u2014
0
\u20132
Disposals and other changes
\u20131
\u20132
\u20131
\u2014
Dividends distributed
\u2013102
\u201323
\u201388
\u20135
December 31
458
443
568
498
1 Including associated companies accounted at-cost.
2 Changes in the consolidated group in 2022 represented the deconsolidation of OJSC Severneftegazprom.
3 Mainly comprises the transfer of the direct share in PTE, which is part of \u201cBorouge investments\u201d and therefore included in material joint ventures from 2022 onwards.
4 Refers mainly to the capital contribution to Borouge 4 LLC.
Financial guarantee contracts
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
40 Direct and indirect investments of OMV Aktiengesellschaft
Changes in the consolidated group
Name of company
Registered Office
Type of Change1
Effective date
Chemicals & Materials
Rosier France S.A.S.
Arras
Deconsolidation
January 2, 2023
Rosier Nederland B.V.
Sas van Gent
Deconsolidation
January 2, 2023
Rosier S.A.
Moustier
Deconsolidation
January 2, 2023
BlueAlp Holding B.V.2
Groot-Ammers
First consolidation (S)
January 11, 2023
Renasci Oostende Holding N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende Recycling N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende SCP N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci N.V.
Ostend
Increase in shares3
January 11, 2023
Petrogas International B.V.2
Eindhoven
First consolidation (S)
January 11, 2023
Borealis Agrolinz Melamine Deutschland GmbH
Wittenberg
Deconsolidation
July 5, 2023
Borealis Agrolinz Melamine GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Chimie S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T doo, Beograd
Belgrade
Deconsolidation
July 5, 2023
Borealis L.A.T France S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Produits et Engrais Chimiques du Rhin S.A.S.
Ottmarsheim
Deconsolidation
July 5, 2023
Feboran EOOD
Sofia
Deconsolidation
July 5, 2023
Neochim AD2
Dimitrovgrad
Deconsolidation
July 5, 2023
Kilpilahden Voimalaitos Oy2
Porvoo
First consolidation (I)
September 30, 2023
Circular Feedstock Walld\u00fcrn GmbH
Walld\u00fcrn
First consolidation (A)
October 6, 2023
Rialti S.p.A.
Taino
First consolidation (A)
October 31, 2023
Fuels & Feedstock
OMV Renewable Fuels & Feedstock B.V.
Beveren
First consolidation
April 20, 2023
Avanti Deutschland GmbH
Berchtesgaden
Deconsolidation
May 31, 2023
OMV Switzerland Holding AG
Zug
Deconsolidation (I)
June 30, 2023
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.
Koper
Deconsolidation
June 30, 2023
Energy
Preussag Energie International GmbH
Burghausen
Deconsolidation (I)
June 30, 2023
POSEIDON EXL 005 ANS4
Lysaker
First consolidation
July 17, 2023
Deeep Tiefengeothermie GmbH4
Vienna
First consolidation
October 20, 2023
Assigned to multiple segments
C2PAT GmbH & Co KG2
Vienna
Deconsolidation (M)
December 31, 2023
1 \u201cFirst consolidation\u201d refers to newly formed companies, \u201cFirst consolidation (A)\u201d indicates the acquisition of a company, \u201cFirst consolidation (S)\u201d refers to companies included in the consolidation scope due to change in ownership of the parent company, and companies marked with \u201cFirst consolidation (I)\u201d have been included in the consolidation after originally not being consolidated due to immateriality. \u201cDeconsolidation\u201d refers to companies that have been excluded from the Group investments following a sale, \u201cDeconsolidation (I)\u201d refers to companies that were deconsolidated due to immateriality while \u201cDeconsolidation (M)\u201d refers to companies that were deconsolidated following a merger into another Group company.
2 Company (previously) consolidated at-equity
3 Interest in Renasci N.V. increased from 27.42% to 50.01% which led to the change in the consolidation method from at-equity to full consolidation, and then further to 98.56%. This also led to the addition of multiple entities to the consolidated group, these entities are marked with \u201cFirst consolidation (S)\u201d in the table. For further details please refer to the paragraph below.
4 POSEIDON EXL 005 ANS and Deeep Tiefengeothermie GmbH have been included in the consolidated Group as a joint operations and are accounted for accordingly.
Number of consolidated companies
2023
2022
Full
consolidation
Equity
consolidation
Joint
operation1
Full
consolidation
Equity
consolidation
Joint
operation1
January 1
123
23
4
136
22
\u2014
Included for the first time
6
3
2
5
3
4
Change in consolidation type
1
\u20131
\u2014
\u2014
\u2014
\u2014
Deconsolidated during the year
\u201315
\u20132
\u2014
\u201318
\u20132
\u2014
December 31
115
23
6
123
23
4
thereof domiciled and operating abroad
82
18
5
88
17
4
thereof domiciled in Austria and
operating abroad
10
\u2014
\u2014
10
\u2014
\u2014
1 Accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
List of investments
List of subsidiaries, equity-accounted investments, and other investments of OMV Aktiengesellschaft with an interest of at least 20%
Parent
company
Type of
consoli-
dation1
Equity
interest
in % as of
December 31, 2023
Equity
interest
in % as of
December 31, 2022
Chemicals & Materials
AGRIPRODUITS S.A.S., Courbevoie (BAGRFR)
BCHIFR
NC
\u2014
100.00
AZOLOR S.A.S., Bras-sur-Meuse
BCHIFR
NC-I
\u2014
34.00
Bayport Polymers LLC, Pasadena2
BNOVUS
AEJ
50.00
50.00
BlueAlp Holding B.V., Groot-Ammers
BRENBE
AEA
21.25
Borealis AB, Stenungsund (BABSWE)
BSVSWE
C
100.00
100.00
Borealis AG, Vienna (BORAAG)
BHOLAT
C
39.00
39.00
OMVRM
32.67
32.67
OMV AG
3.33
3.33
Borealis Agrolinz Melamine Deutschland GmbH, Wittenberg
BORAAG
C
\u2014
100.00
Borealis Agrolinz Melamine GmbH, Linz (BAGMAT)
BORAAG
C
\u2014
100.00
Borealis Antwerpen N.V., Zwijndrecht
BPOBE
C
\u2014
90.00
BORAAG
100.00
10.00
Borealis Argentina SRL, Buenos Aires
BORAAG
NC
98.00
98.00
BSVSWE
2.00
2.00
BOREALIS ASIA LIMITED, Hong Kong
BORAAG
NC
100.00
100.00
Borealis BoNo Holdings LLC, Houston (BBNHUS)2
BUS
C
100.00
100.00
Borealis Brasil S.A., Itatiba
BORAAG
C
80.00
80.00
BOREALIS CHEMICALS ZA (PTY) LTD, Germiston
BORAAG
NC
100.00
100.00
Borealis Chile SpA, Santiago
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.R.L., Casablanca
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.S., Courbevoie (BCHIFR)
BFR
C
\u2014
100.00
Borealis Circular Solutions Holding GmbH, Vienna (BCIRC)
BORAAG
C
100.00
100.00
Borealis Colombia S.A.S., Bogota
BORAAG
NC
100.00
100.00
Borealis Compounds Inc., Houston (BCOMUS)
BUS
C
100.00
100.00
Borealis Denmark ApS, Copenhagen
BORAAG
NC
100.00
100.00
Borealis Digital Studio B.V., Zaventem
BORAAG
NC
100.00
90.00
BPOBE
\u2014
10.00
Borealis Financial Services N.V., Mechelen
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis France S.A.S., Courbevoie (BFR)
BORAAG
C
100.00
100.00
Borealis Group Services AS, Bamble
BABSWE
C
100.00
100.00
Borealis Insurance A/S (captive insurance company),
Copenhagen
BORAAG
C
100.00
100.00
Borealis ITALIA S.p.A., Monza
BORAAG
C
100.00
100.00
Borealis Kallo N.V., Kallo
BORAAG
C
100.00
0.06
BPOBE
\u2014
99.94
Borealis L.A.T Belgium B.V., Beringen
BLATAT
NC
\u2014
100.00
Borealis L.A.T Bulgaria EOOD, Sofia
BLATAT
NC
\u2014
100.00
Borealis L.A.T Czech Republic s.r.o., \u010cesk\u00e9 Bud\u011bjovice
BLATAT
NC
\u2014
100.00
Borealis L.A.T doo, Beograd, Belgrade
BLATAT
C
\u2014
100.00
Borealis L.A.T France S.A.S., Courbevoie
BFR
C
\u2014
100.00
Borealis L.A.T GmbH, Linz (BLATAT)
BORAAG
C
\u2014
100.00
Borealis L.A.T Greece Single Member P.C., Athens
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hrvatska d.o.o., Klisa
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hungary Kft., Budapest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Italia s.r.l., Milan
BORAAG
NC
\u2014
100.00
Borealis L.A.T Polska Sp. z o.o., Warsaw
BLATAT
NC
\u2014
100.00
Borealis L.A.T Romania s.r.l., Bucharest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Slovakia s.r.o., Chotin
BLATAT
NC
\u2014
100.00
Borealis M\u00e9xico, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BCOMUS
0.00
0.00
Borealis Middle East Holding GmbH, Vienna (BORMEH)
BORAAG
C
100.00
100.00
Borealis Plasticos, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BABSWE
\u2014
0.00
BCOMUS
0.00
Borealis Plastik ve Kimyasal Maddeler Ticaret Limited Sirketi,
Istanbul
BORAAG
NC
100.00
100.00
Borealis Plastomers B.V., Geleen
BORAAG
C
100.00
100.00
Borealis Poliolefinas da Am\u00e9rica do Sul Ltda., Itatiba
BORAAG
NC
99.99
99.99
BSVSWE
0.01
0.01
Borealis Polska Sp. z o.o., Warsaw
BORAAG
NC
100.00
100.00
Borealis Polymere GmbH, Burghausen (BPODE)
BORAAG
C
100.00
100.00
Borealis Polymers N.V., Beringen (BPOBE)
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis Polymers Oy, Porvoo
BORAAG
C
100.00
100.00
Borealis Polyolefine GmbH, Schwechat (BPOAT)
BORAAG
C
100.00
100.00
BSVSWE
0.00
0.00
Borealis Polyolefins d.o.o., Zagreb
BORAAG
NC
100.00
100.00
Borealis Polyolefins S.R.L., Bucharest
BORAAG
NC
100.00
100.00
Borealis Polyolefins s.r.o., Bratislava
BORAAG
NC
100.00
100.00
Borealis Produits et Engrais Chimiques du Rhin S.A.S.,
Ottmarsheim
BFR
C
\u2014
100.00
Borealis Qu\u00edmica Espa\u00f1a S.A., Barcelona
BORAAG
C
100.00
100.00
Borealis RUS LLC, Moscow
BORAAG
NC
100.00
100.00
Borealis s.r.o., Prague
BORAAG
NC
100.00
100.00
Borealis Services S.A.S., Paris
BFR
NC
100.00
100.00
Borealis Sverige AB, Stenungsund (BSVSWE)
BORAAG
C
100.00
100.00
Borealis Technology Oy, Porvoo
BORAAG
C
100.00
100.00
BOREALIS UK LTD, Manchester
BORAAG
C
100.00
100.00
Borealis USA Inc., Houston (BUS)
BORAAG
C
100.00
100.00
Borouge 4 LLC, Abu Dhabi
BORMEH
AEJ
40.00
40.00
Borouge PLC, Abu Dhabi (BOROLC)
BORMEH
AEJ
36.00
36.00
Borouge Pte. Ltd., Singapore
BOROLC
AEJ
84.75
84.75
BORMEH
15.25
15.25
Chemiepark Linz Betriebsfeuerwehr GmbH, Linz
BAGMAT
NC-I
\u2014
47.50
Circular Feedstock Walld\u00fcrn GmbH, Walld\u00fcrn3
OMVD
C
89.90
DYM SOLUTION CO., LTD, Cheonan
BORAAG
C
100.00
99.75
Ecoplast Kunststoffrecycling GmbH, Wildon
BORAAG
C
100.00
100.00
EPS Ethylen-Pipeline-S\u00fcd Gesch\u00e4ftsf\u00fchrungs GmbH, Munich
OMVD
NC-I
15.46
15.46
BPODE
7.73
7.73
EPS Ethylen-Pipeline-S\u00fcd GmbH & Co KG, Munich
OMVD
AEA
20.66
20.66
BPODE
10.33
10.33
Etenf\u00f6rs\u00f6rjning i Stenungsund AB, Stenungsund
BABSWE
C
80.00
80.00
Feboran EOOD, Sofia (BFEBGR)
BORAAG
C
\u2014
100.00
Franciade Agrifluides S.A.S. (FASA), Blois
BCHIFR
NC-I
\u2014
40.00
BAGRFR
\u2014
9.98
Hallbar Kemi i Stenungsund, Stenungsund
BABSWE
NC-I
20.00
20.00
Industrins R\u00e4ddningstj\u00e4nst i Stenungsund AB, Stenungsund
BABSWE
NC-I
25.00
25.00
KB Munker\u00f6d 1:72, Stenungsund
BABSWE
NC
100.00
100.00
BSVSWE
0.00
0.00
Kilpilahden Voimalaitos Oy, Porvoo4
BORAAG
AEA
20.00
20.00
mtm compact GmbH, Niedergebra
BORAAG
C
100.00
100.00
mtm plastics GmbH, Niedergebra
BORAAG
C
100.00
100.00
Neochim AD, Dimitrovgrad
BFEBGR
AEA
\u2014
20.30
Novealis Holdings LLC, Houston (BNOVUS)
BBNHUS
C
50.00
50.00
BSBHUS
50.00
50.00
OMV Borealis Holding GmbH, Vienna (BHOLAT)
OMVRM
C
100.00
100.00
Petrogas International B.V., Eindhoven
BRENBE
AEA
25.00
PetroPort Holding AB, Stenungsund
BABSWE
AEJ
50.00
50.00
Recelerate GmbH, Herborn
BORAAG
NC-I
50.00
50.00
Renasci N.V., Ostend (BRENBE)4
BCIRC
C
98.56
27.42
Renasci Oostende Holding N.V., Ostend (BRHOBE)
BRENBE
C
100.00
Renasci Oostende Recycling N.V., Ostend
BRHOBE
C
100.00
Renasci Oostende SCP N.V., Ostend
BRHOBE
C
100.00
Rialti S.p.A., Taino
BORAAG
C
100.00
Rosier France S.A.S., Arras
BROSBE
C
\u2014
100.00
Rosier Nederland B.V., Sas van Gent
BROSBE
C
\u2014
100.00
Rosier S.A., Moustier (BROSBE)
BORAAG
C
\u2014
98.09
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole Laignes Agrifluides (SICA Laignes Agrifluides), Mon\u00e9teau
BCHIFR
NC-I
\u2014
39.97
BAGRFR
\u2014
9.93
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole par Actions Simplifi\u00e9e
de Gouaix (SICA de Gouaix), Paris
BCHIFR
NC-I
\u2014
25.00
BLATAT
\u2014
0.00
Star Bridge Holdings LLC, Port Murray (BSBHUS)2
BUS
C
100.00
100.00
STOCKAM G.I.E., Grand-Quevilly
BCHIFR
NC
\u2014
99.00
BAGRFR
\u2014
1.00
Fuels & Feedstock
Abu Dhabi Oil Refining Company, Abu Dhabi
OMVRM
AEA
15.00
15.00
Abu Dhabi Petroleum Investments LLC, Abu Dhabi (ADPINV)
OMVRM
AEJ
25.00
25.00
ADNOC Global Trading LTD, Abu Dhabi
OMVRM
AEA
15.00
15.00
Aircraft Refuelling Company GmbH, Vienna
OMVRM
NC-I
33.33
33.33
Autobahn - Betriebe Gesellschaft m.b.H., Vienna
OMVRM
NC-I
47.19
47.19
Avanti Deutschland GmbH, Berchtesgaden
OMVRM
C
\u2014
100.00
BSP Bratislava-Schwechat Pipeline GmbH in Liqu., Vienna5
OMVRM
NC-I
26.00
26.00
BTF Industriepark Schwechat GmbH, Schwechat
BPOAT
NC
50.00
50.00
OMVRM
50.00
50.00
Deutsche Transalpine Oelleitung GmbH, Munich
OMVD
AEA
32.26
32.26
DUNAT\u00c0R K\u00f6olajterm\u00e9k T\u00e1rol\u00f3 \u00e9s Kereskedelmi Kft., Budapest
OHUN
C
100.00
100.00
Erd\u00f6l-Lagergesellschaft m.b.H., Lannach6
OMVRM
AEA
55.60
55.60
GENOL Gesellschaft m.b.H., Korneuburg
OMVRM
AEA
29.00
29.00
KSW Beteiligungsgesellschaft m.b.H., Vienna (SWJS)
OMVRM
NC
\u2014
100.00
KSW Elektro- und Industrieanlagenbau Gesellschaft m.b.H.,
Feldkirch
SWJS
NC-I
\u2014
25.10
OMV - International Services Ges.m.b.H., Vienna
OMVRM
C
100.00
100.00
OMV BULGARIA OOD, Sofia
PETROM
C
99.90
99.90
OMVRM
0.10
0.10
OMV \u010cesk\u00e1 republika, s.r.o., Prague
OMVRM
C
100.00
100.00
OMV Deutschland Services GmbH, Burghausen (OMVDS)
OMVD
C
100.00
100.00
OMV Hung\u00e1ria \u00c1sv\u00e1nyolaj Korl\u00e1tolt Felel\u00f6ss\u00e9g\u00fc T\u00e1rsas\u00e1g,
Budapest (OHUN)
OMVRM
C
100.00
100.00
OMV PETROM Aviation S.R.L., Otopeni
PETROM
C
100.00
100.00
ROMAN
0.00
0.00
OMV Petrom Biofuels SRL, Bucharest
PETROM
C
25.00
75.00
OMVRM
75.00
25.00
OMV PETROM MARKETING SRL, Bucharest (ROMAN)
PETROM
C
100.00
100.00
OMV Refining & Marketing Middle East & Asia GmbH, Vienna
OMVRM
C
100.00
100.00
OMV Renewable Fuels & Feedstock B.V., Beveren
OMVRM
C
100.00
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.,
Koper
OMVRM
C
\u2014
92.25
OMV Slovensko s.r.o., Bratislava
OMVRM
C
99.96
99.96
OMV SRBIJA d.o.o., Belgrade
PETROM
C
99.96
99.96
OMVRM
0.04
0.04
OMV Supply & Trading Italia S.r.l., Trieste
OMVRM
C
100.00
100.00
OMV Supply & Trading Limited, London (OTRAD)
OMVRM
C
100.00
100.00
OMV Supply & Trading Singapore PTE LTD., Singapore
OTRAD
NC
100.00
100.00
OMV Switzerland Holding AG, Zug4
OGI
NC
100.00
100.00
Pak-Arab Refinery Limited, Karachi
ADPINV
AEJ
40.00
40.00
Petrom-Moldova S.R.L., Chisinau
PETROM
C
100.00
100.00
Routex B.V., Amsterdam
OMVRM
NC-I
20.00
20.00
Salzburg Fuelling GmbH, Salzburg4
OMVRM
NC-I
50.00
33.33
Societ\u00e0 Italiana per l'Oleodotto Transalpino S.p.A., Trieste
OMVRM
AEA
32.26
32.26
SuperShop Marketing Korl\u00e1tolt Felel\u0151ss\u00e9g\u0171 T\u00e1rsas\u00e1g, Budapest
OHUN
NC-I
50.00
50.00
TGN Tankdienst-Gesellschaft N\u00fcrnberg GbR, Nuremberg
OMVD
NC-I
33.33
33.33
Transalpine \u00d6lleitung in \u00d6sterreich Gesellschaft m.b.H.,
Matrei in Osttirol
OMVRM
AEA
32.26
32.26
Energy
Central European Gas Hub AG, Vienna (HUB)
OGI
C
65.00
65.00
Deeep Tiefengeothermie GmbH, Vienna
OGEO
PC
49.00
EEX CEGH Gas Exchange Services GmbH, Vienna
HUB
AEA
49.00
49.00
Energy Infrastructure Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Holdings Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Investments Limited, Wellington
NZEA
C
100.00
100.00
Freya Bunde-Etzel GmbH & Co. KG, Bonn
OGSG
AEA
39.99
39.99
JSC GAZPROM YRGM Development, St. Petersburg7
OMVEP
NC-I
\u2014
\u2014
OJSC Severneftegazprom, Krasnoselkup
OMVEP
NC-I
24.99
24.99
OMV (Berenty) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (IRAN) onshore Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (Mandabe) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (NAMIBIA) Exploration GmbH, Vienna
ONAFRU
NC
100.00
100.00
OMV (NORGE) AS, Stavanger (ONOR)
OMVEP
C
100.00
100.00
OMV (Tunesien) Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (TUNESIEN) Sidi Mansour GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (Yemen Block S 2) Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (YEMEN) Al Mabar Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (YEMEN) South Sanau Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi E&P GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi Offshore GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Abu Dhabi Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV AUSTRALIA PTY LTD, Perth (OAUST)
OMV AG
C
100.00
100.00
OMV Austria Exploration & Production GmbH, Vienna (OEPA)
OMVEP
C
100.00
100.00
OMV Austria Geothermal GmbH, Vienna (OGEO)
OGREEN
C
100.00
100.00
OMV Barrow Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beagle Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beteiligungsverwaltungs GmbH, Vienna
OMV AG
NC
100.00
100.00
OMV Bina Bawi GmbH, Vienna
PETEX
NC
100.00
100.00
OMV Block 70 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Croatia Geothermal GmbH, Vienna
OGREEN
NC
100.00
OMV East Abu Dhabi Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Enerji Ticaret Anonim \u015eirketi, Istanbul8
OMVRM
C
100.00
100.00
OMV Exploration & Production GmbH, Vienna (OMVEP)
OMV AG
C
100.00
100.00
OMV EXPLORATION & PRODUCTION LIMITED, Douglas
OMVEP
NC
\u2014
100.00
OMV Gas Logistics Holding GmbH, Vienna (OGI)
OMV AG
C
100.00
100.00
OMV Gas Marketing & Trading Belgium, Brussels
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Deutschland GmbH, Dusseldorf
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading GmbH, Vienna (ECOGAS)
OMVRM
C
100.00
100.00
OMV Gas Marketing & Trading Hung\u00e1ria Kft., Budapest
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Italia S.r.l., Milan
ECOGAS
NC
100.00
100.00
OMV Gas Marketing Trading & Finance B.V., Amsterdam
OFS
C
100.00
100.00
OMV Gas Storage Germany GmbH, Cologne (OGSG)
OMVDS
C
100.00
100.00
OMV Gas Storage GmbH, Vienna
OGI
C
100.00
100.00
OMV Gaz Iletim A.S., Istanbul8
OMVRM
C
100.00
100.00
OMV Green Energy GmbH, Vienna (OGREEN)
OMVEP
C
100.00
100.00
OMV Jardan Block 3 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Maurice Energy GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Middle East & Africa GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Myrre Block 86 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV New Zealand Limited, Wellington (NZEA)
OMVEP
C
100.00
100.00
OMV NZ Production Limited, Wellington
NZEA
C
100.00
100.00
OMV OF LIBYA LIMITED, Douglas
OMVEP
C
100.00
100.00
OMV Offshore (Namibia) GmbH, Vienna (ONAFRU)
OMVEP
NC
100.00
100.00
OMV Offshore Bulgaria GmbH, Vienna
PETROM
C
100.00
100.00
OMV Offshore Morondava GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil and Gas Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Oil Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Orient Hydrocarbon GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Orient Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Petroleum Exploration GmbH, Vienna (PETEX)
OMVEP
NC
100.00
100.00
OMV Petroleum Pty Ltd, Perth
NZEA
NC
100.00
100.00
OMV PETROM E&P BULGARIA S.R.L., Bucharest
PETROM
C
100.00
100.00
OMV Petrom Energy Solution SRL, Bucharest
PETROM
NC
100.00
OMV PETROM GEORGIA LLC, Tbilisi
PETROM
C
100.00
100.00
OMV Proterra GmbH, Vienna
OEPA
NC
100.00
100.00
OMV Russia Upstream GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Upstream International GmbH, Vienna (OUPI)
OMVEP
C
100.00
100.00
Pearl Petroleum Company Limited, Road Town
OUPI
AEA
10.00
10.00
PEI Venezuela Gesellschaft mit beschr\u00e4nkter Haftung,
Burghausen
OMVEP
NC
100.00
100.00
PETROM EXPLORATION & PRODUCTION LIMITED, Douglas
PETROM
NC
100.00
99.99
POSEIDON EXL 005 ANS, Lysaker
ONOR
PC
50.00
Preussag Energie International GmbH, Burghausen4
OMVEP
NC
100.00
100.00
S. PARC FOTOVOLTAIC ISALNITA S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC ROVINARI EST S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC TISMANA 1 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. SOLARIST TISMANA 2 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
SapuraOMV Block 30, S. de R.L. de C.V., Mexico City
SEUPMY
C
99.00
99.00
SEMXMY
1.00
1.00
SapuraOMV Upstream (Americas) Sdn. Bhd., Kuala Lumpur (SEAMMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Australia) Sdn. Bhd., Kuala Lumpur (SEAUMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Holding) Sdn. Bhd., Kuala Lumpur (SEUPMY)
SOUPMY
C
100.00
100.00
SAPURAOMV UPSTREAM (MALAYSIA) SDN. BHD.,
Kuala Lumpur
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Mexico) Sdn. Bhd., Kuala Lumpur (SEMXMY)
SEAMMY
C
100.00
100.00
SapuraOMV Upstream (NZ) Sdn. Bhd., Kuala Lumpur (SENZMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Oceania) Sdn. Bhd., Kuala Lumpur (SEOCMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Sarawak) Inc., Nassau
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Western Australia) Pty Ltd, Perth
SEAUMY
C
100.00
100.00
SapuraOMV Upstream JV Sdn. Bhd., Kuala Lumpur
SENZMY
NC
100.00
100.00
SapuraOMV Upstream Sdn. Bhd., Kuala Lumpur (SOUPMY)
OMVEP
C
50.00
50.00
Corporate & Other
ASOCIATIA ROMANA PENTRU RELATIA CU INVESTITORII,
Bucharest
PETROM
NC-I
20.00
20.00
Diramic Insurance Limited, Gibraltar
OMV AG
C
100.00
100.00
OMV Clearing und Treasury GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Services GmbH, Vienna (OFS)
SNO
C
100.00
100.00
OMV Finance Services NOK GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Solutions USD GmbH, Vienna
SNO
C
100.00
100.00
OMV Insurance Broker GmbH in Liqu., Vienna5
OMV AG
NC
100.00
100.00
OMV International Oil & Gas GmbH, Baar
OMV AG
C
100.00
100.00
OMV Petrom Global Solutions SRL, Bucharest
SNO
C
75.00
75.00
PETROM
25.00
25.00
OMV Solutions GmbH, Vienna (SNO)
OMV AG
C
100.00
100.00
PETROMED SOLUTIONS SRL, Bucharest
PETROM
C
100.00
100.00
Assigned to multiple segments9
C2PAT GmbH & Co KG, Vienna
BORAAG
AEJ
\u2014
25.00
OMVRM
\u2014
25.00
C2PAT GmbH, Vienna
BORAAG
AEJ
25.00
25.00
OMVRM
25.00
25.00
OMV Deutschland GmbH, Burghausen (OMVD)
OMVRM
C
90.00
90.00
OMV AG
10.00
10.00
OMV Deutschland Marketing & Trading GmbH & Co. KG,
Burghausen10
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Deutschland Operations GmbH & Co. KG, Burghausen
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Downstream GmbH, Vienna (OMVRM)
OMV AG
C
100.00
100.00
OMV PETROM SA, Bucharest (PETROM)
OMV AG
C
51.16
51.16
1 Type of consolidation:
C Consolidated subsidiary
AEA Associated companies accounted at-equity
AEJ Joint venture accounted at-equity
PC Joint operation; accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
NC-I Other not consolidated investment; associated companies and joint ventures of relatively little importance to the assets and earnings of the consolidated financial statements
NC Not-consolidated subsidiary; shell or distribution companies of relative insignificance individually and collectively to the consolidated financial statements
2 Incorporated in Wilmington
3 Economic share 100.00%
4 Type of consolidation was changed compared to 2022.
5 Company\u2019s legal name changed following the initiation of liquidation.
6 Despite majority interest not being fully consolidated, but accounted for at-equity due to absence of control.
7 Economic share 99.99%
8 Segment assignment was changed compared to 2022.
9 Assigned to the relevant segments in the segment reporting
10 In the 2023 financial year, OMV Deutschland Marketing & Trading GmbH & Co. KG made use of the exemption provision for the preparation of the annual financial statement and director\u2019s report, audit and disclosure pursuant to Section 264b\u00a0HGB in conjunction with Section 325\u00a0HGB. The company's exemption is mentioned in its notes and published in the Federal Gazette with reference to this provision and an indication of the parent company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-82": { "value": "
Chemicals & Materials
Fuels & Feedstock
40 Direct and indirect investments of OMV Aktiengesellschaft
Changes in the consolidated group
Name of company
Registered Office
Type of Change1
Effective date
Chemicals & Materials
Rosier France S.A.S.
Arras
Deconsolidation
January 2, 2023
Rosier Nederland B.V.
Sas van Gent
Deconsolidation
January 2, 2023
Rosier S.A.
Moustier
Deconsolidation
January 2, 2023
BlueAlp Holding B.V.2
Groot-Ammers
First consolidation (S)
January 11, 2023
Renasci Oostende Holding N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende Recycling N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende SCP N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci N.V.
Ostend
Increase in shares3
January 11, 2023
Petrogas International B.V.2
Eindhoven
First consolidation (S)
January 11, 2023
Borealis Agrolinz Melamine Deutschland GmbH
Wittenberg
Deconsolidation
July 5, 2023
Borealis Agrolinz Melamine GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Chimie S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T doo, Beograd
Belgrade
Deconsolidation
July 5, 2023
Borealis L.A.T France S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Produits et Engrais Chimiques du Rhin S.A.S.
Ottmarsheim
Deconsolidation
July 5, 2023
Feboran EOOD
Sofia
Deconsolidation
July 5, 2023
Neochim AD2
Dimitrovgrad
Deconsolidation
July 5, 2023
Kilpilahden Voimalaitos Oy2
Porvoo
First consolidation (I)
September 30, 2023
Circular Feedstock Walld\u00fcrn GmbH
Walld\u00fcrn
First consolidation (A)
October 6, 2023
Rialti S.p.A.
Taino
First consolidation (A)
October 31, 2023
Fuels & Feedstock
OMV Renewable Fuels & Feedstock B.V.
Beveren
First consolidation
April 20, 2023
Avanti Deutschland GmbH
Berchtesgaden
Deconsolidation
May 31, 2023
OMV Switzerland Holding AG
Zug
Deconsolidation (I)
June 30, 2023
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.
Koper
Deconsolidation
June 30, 2023
Energy
Preussag Energie International GmbH
Burghausen
Deconsolidation (I)
June 30, 2023
POSEIDON EXL 005 ANS4
Lysaker
First consolidation
July 17, 2023
Deeep Tiefengeothermie GmbH4
Vienna
First consolidation
October 20, 2023
Assigned to multiple segments
C2PAT GmbH & Co KG2
Vienna
Deconsolidation (M)
December 31, 2023
1 \u201cFirst consolidation\u201d refers to newly formed companies, \u201cFirst consolidation (A)\u201d indicates the acquisition of a company, \u201cFirst consolidation (S)\u201d refers to companies included in the consolidation scope due to change in ownership of the parent company, and companies marked with \u201cFirst consolidation (I)\u201d have been included in the consolidation after originally not being consolidated due to immateriality. \u201cDeconsolidation\u201d refers to companies that have been excluded from the Group investments following a sale, \u201cDeconsolidation (I)\u201d refers to companies that were deconsolidated due to immateriality while \u201cDeconsolidation (M)\u201d refers to companies that were deconsolidated following a merger into another Group company.
2 Company (previously) consolidated at-equity
3 Interest in Renasci N.V. increased from 27.42% to 50.01% which led to the change in the consolidation method from at-equity to full consolidation, and then further to 98.56%. This also led to the addition of multiple entities to the consolidated group, these entities are marked with \u201cFirst consolidation (S)\u201d in the table. For further details please refer to the paragraph below.
4 POSEIDON EXL 005 ANS and Deeep Tiefengeothermie GmbH have been included in the consolidated Group as a joint operations and are accounted for accordingly.
Number of consolidated companies
2023
2022
Full
consolidation
Equity
consolidation
Joint
operation1
Full
consolidation
Equity
consolidation
Joint
operation1
January 1
123
23
4
136
22
\u2014
Included for the first time
6
3
2
5
3
4
Change in consolidation type
1
\u20131
\u2014
\u2014
\u2014
\u2014
Deconsolidated during the year
\u201315
\u20132
\u2014
\u201318
\u20132
\u2014
December 31
115
23
6
123
23
4
thereof domiciled and operating abroad
82
18
5
88
17
4
thereof domiciled in Austria and
operating abroad
10
\u2014
\u2014
10
\u2014
\u2014
1 Accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
List of investments
List of subsidiaries, equity-accounted investments, and other investments of OMV Aktiengesellschaft with an interest of at least 20%
Parent
company
Type of
consoli-
dation1
Equity
interest
in % as of
December 31, 2023
Equity
interest
in % as of
December 31, 2022
Chemicals & Materials
AGRIPRODUITS S.A.S., Courbevoie (BAGRFR)
BCHIFR
NC
\u2014
100.00
AZOLOR S.A.S., Bras-sur-Meuse
BCHIFR
NC-I
\u2014
34.00
Bayport Polymers LLC, Pasadena2
BNOVUS
AEJ
50.00
50.00
BlueAlp Holding B.V., Groot-Ammers
BRENBE
AEA
21.25
Borealis AB, Stenungsund (BABSWE)
BSVSWE
C
100.00
100.00
Borealis AG, Vienna (BORAAG)
BHOLAT
C
39.00
39.00
OMVRM
32.67
32.67
OMV AG
3.33
3.33
Borealis Agrolinz Melamine Deutschland GmbH, Wittenberg
BORAAG
C
\u2014
100.00
Borealis Agrolinz Melamine GmbH, Linz (BAGMAT)
BORAAG
C
\u2014
100.00
Borealis Antwerpen N.V., Zwijndrecht
BPOBE
C
\u2014
90.00
BORAAG
100.00
10.00
Borealis Argentina SRL, Buenos Aires
BORAAG
NC
98.00
98.00
BSVSWE
2.00
2.00
BOREALIS ASIA LIMITED, Hong Kong
BORAAG
NC
100.00
100.00
Borealis BoNo Holdings LLC, Houston (BBNHUS)2
BUS
C
100.00
100.00
Borealis Brasil S.A., Itatiba
BORAAG
C
80.00
80.00
BOREALIS CHEMICALS ZA (PTY) LTD, Germiston
BORAAG
NC
100.00
100.00
Borealis Chile SpA, Santiago
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.R.L., Casablanca
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.S., Courbevoie (BCHIFR)
BFR
C
\u2014
100.00
Borealis Circular Solutions Holding GmbH, Vienna (BCIRC)
BORAAG
C
100.00
100.00
Borealis Colombia S.A.S., Bogota
BORAAG
NC
100.00
100.00
Borealis Compounds Inc., Houston (BCOMUS)
BUS
C
100.00
100.00
Borealis Denmark ApS, Copenhagen
BORAAG
NC
100.00
100.00
Borealis Digital Studio B.V., Zaventem
BORAAG
NC
100.00
90.00
BPOBE
\u2014
10.00
Borealis Financial Services N.V., Mechelen
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis France S.A.S., Courbevoie (BFR)
BORAAG
C
100.00
100.00
Borealis Group Services AS, Bamble
BABSWE
C
100.00
100.00
Borealis Insurance A/S (captive insurance company),
Copenhagen
BORAAG
C
100.00
100.00
Borealis ITALIA S.p.A., Monza
BORAAG
C
100.00
100.00
Borealis Kallo N.V., Kallo
BORAAG
C
100.00
0.06
BPOBE
\u2014
99.94
Borealis L.A.T Belgium B.V., Beringen
BLATAT
NC
\u2014
100.00
Borealis L.A.T Bulgaria EOOD, Sofia
BLATAT
NC
\u2014
100.00
Borealis L.A.T Czech Republic s.r.o., \u010cesk\u00e9 Bud\u011bjovice
BLATAT
NC
\u2014
100.00
Borealis L.A.T doo, Beograd, Belgrade
BLATAT
C
\u2014
100.00
Borealis L.A.T France S.A.S., Courbevoie
BFR
C
\u2014
100.00
Borealis L.A.T GmbH, Linz (BLATAT)
BORAAG
C
\u2014
100.00
Borealis L.A.T Greece Single Member P.C., Athens
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hrvatska d.o.o., Klisa
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hungary Kft., Budapest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Italia s.r.l., Milan
BORAAG
NC
\u2014
100.00
Borealis L.A.T Polska Sp. z o.o., Warsaw
BLATAT
NC
\u2014
100.00
Borealis L.A.T Romania s.r.l., Bucharest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Slovakia s.r.o., Chotin
BLATAT
NC
\u2014
100.00
Borealis M\u00e9xico, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BCOMUS
0.00
0.00
Borealis Middle East Holding GmbH, Vienna (BORMEH)
BORAAG
C
100.00
100.00
Borealis Plasticos, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BABSWE
\u2014
0.00
BCOMUS
0.00
Borealis Plastik ve Kimyasal Maddeler Ticaret Limited Sirketi,
Istanbul
BORAAG
NC
100.00
100.00
Borealis Plastomers B.V., Geleen
BORAAG
C
100.00
100.00
Borealis Poliolefinas da Am\u00e9rica do Sul Ltda., Itatiba
BORAAG
NC
99.99
99.99
BSVSWE
0.01
0.01
Borealis Polska Sp. z o.o., Warsaw
BORAAG
NC
100.00
100.00
Borealis Polymere GmbH, Burghausen (BPODE)
BORAAG
C
100.00
100.00
Borealis Polymers N.V., Beringen (BPOBE)
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis Polymers Oy, Porvoo
BORAAG
C
100.00
100.00
Borealis Polyolefine GmbH, Schwechat (BPOAT)
BORAAG
C
100.00
100.00
BSVSWE
0.00
0.00
Borealis Polyolefins d.o.o., Zagreb
BORAAG
NC
100.00
100.00
Borealis Polyolefins S.R.L., Bucharest
BORAAG
NC
100.00
100.00
Borealis Polyolefins s.r.o., Bratislava
BORAAG
NC
100.00
100.00
Borealis Produits et Engrais Chimiques du Rhin S.A.S.,
Ottmarsheim
BFR
C
\u2014
100.00
Borealis Qu\u00edmica Espa\u00f1a S.A., Barcelona
BORAAG
C
100.00
100.00
Borealis RUS LLC, Moscow
BORAAG
NC
100.00
100.00
Borealis s.r.o., Prague
BORAAG
NC
100.00
100.00
Borealis Services S.A.S., Paris
BFR
NC
100.00
100.00
Borealis Sverige AB, Stenungsund (BSVSWE)
BORAAG
C
100.00
100.00
Borealis Technology Oy, Porvoo
BORAAG
C
100.00
100.00
BOREALIS UK LTD, Manchester
BORAAG
C
100.00
100.00
Borealis USA Inc., Houston (BUS)
BORAAG
C
100.00
100.00
Borouge 4 LLC, Abu Dhabi
BORMEH
AEJ
40.00
40.00
Borouge PLC, Abu Dhabi (BOROLC)
BORMEH
AEJ
36.00
36.00
Borouge Pte. Ltd., Singapore
BOROLC
AEJ
84.75
84.75
BORMEH
15.25
15.25
Chemiepark Linz Betriebsfeuerwehr GmbH, Linz
BAGMAT
NC-I
\u2014
47.50
Circular Feedstock Walld\u00fcrn GmbH, Walld\u00fcrn3
OMVD
C
89.90
DYM SOLUTION CO., LTD, Cheonan
BORAAG
C
100.00
99.75
Ecoplast Kunststoffrecycling GmbH, Wildon
BORAAG
C
100.00
100.00
EPS Ethylen-Pipeline-S\u00fcd Gesch\u00e4ftsf\u00fchrungs GmbH, Munich
OMVD
NC-I
15.46
15.46
BPODE
7.73
7.73
EPS Ethylen-Pipeline-S\u00fcd GmbH & Co KG, Munich
OMVD
AEA
20.66
20.66
BPODE
10.33
10.33
Etenf\u00f6rs\u00f6rjning i Stenungsund AB, Stenungsund
BABSWE
C
80.00
80.00
Feboran EOOD, Sofia (BFEBGR)
BORAAG
C
\u2014
100.00
Franciade Agrifluides S.A.S. (FASA), Blois
BCHIFR
NC-I
\u2014
40.00
BAGRFR
\u2014
9.98
Hallbar Kemi i Stenungsund, Stenungsund
BABSWE
NC-I
20.00
20.00
Industrins R\u00e4ddningstj\u00e4nst i Stenungsund AB, Stenungsund
BABSWE
NC-I
25.00
25.00
KB Munker\u00f6d 1:72, Stenungsund
BABSWE
NC
100.00
100.00
BSVSWE
0.00
0.00
Kilpilahden Voimalaitos Oy, Porvoo4
BORAAG
AEA
20.00
20.00
mtm compact GmbH, Niedergebra
BORAAG
C
100.00
100.00
mtm plastics GmbH, Niedergebra
BORAAG
C
100.00
100.00
Neochim AD, Dimitrovgrad
BFEBGR
AEA
\u2014
20.30
Novealis Holdings LLC, Houston (BNOVUS)
BBNHUS
C
50.00
50.00
BSBHUS
50.00
50.00
OMV Borealis Holding GmbH, Vienna (BHOLAT)
OMVRM
C
100.00
100.00
Petrogas International B.V., Eindhoven
BRENBE
AEA
25.00
PetroPort Holding AB, Stenungsund
BABSWE
AEJ
50.00
50.00
Recelerate GmbH, Herborn
BORAAG
NC-I
50.00
50.00
Renasci N.V., Ostend (BRENBE)4
BCIRC
C
98.56
27.42
Renasci Oostende Holding N.V., Ostend (BRHOBE)
BRENBE
C
100.00
Renasci Oostende Recycling N.V., Ostend
BRHOBE
C
100.00
Renasci Oostende SCP N.V., Ostend
BRHOBE
C
100.00
Rialti S.p.A., Taino
BORAAG
C
100.00
Rosier France S.A.S., Arras
BROSBE
C
\u2014
100.00
Rosier Nederland B.V., Sas van Gent
BROSBE
C
\u2014
100.00
Rosier S.A., Moustier (BROSBE)
BORAAG
C
\u2014
98.09
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole Laignes Agrifluides (SICA Laignes Agrifluides), Mon\u00e9teau
BCHIFR
NC-I
\u2014
39.97
BAGRFR
\u2014
9.93
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole par Actions Simplifi\u00e9e
de Gouaix (SICA de Gouaix), Paris
BCHIFR
NC-I
\u2014
25.00
BLATAT
\u2014
0.00
Star Bridge Holdings LLC, Port Murray (BSBHUS)2
BUS
C
100.00
100.00
STOCKAM G.I.E., Grand-Quevilly
BCHIFR
NC
\u2014
99.00
BAGRFR
\u2014
1.00
Fuels & Feedstock
Abu Dhabi Oil Refining Company, Abu Dhabi
OMVRM
AEA
15.00
15.00
Abu Dhabi Petroleum Investments LLC, Abu Dhabi (ADPINV)
OMVRM
AEJ
25.00
25.00
ADNOC Global Trading LTD, Abu Dhabi
OMVRM
AEA
15.00
15.00
Aircraft Refuelling Company GmbH, Vienna
OMVRM
NC-I
33.33
33.33
Autobahn - Betriebe Gesellschaft m.b.H., Vienna
OMVRM
NC-I
47.19
47.19
Avanti Deutschland GmbH, Berchtesgaden
OMVRM
C
\u2014
100.00
BSP Bratislava-Schwechat Pipeline GmbH in Liqu., Vienna5
OMVRM
NC-I
26.00
26.00
BTF Industriepark Schwechat GmbH, Schwechat
BPOAT
NC
50.00
50.00
OMVRM
50.00
50.00
Deutsche Transalpine Oelleitung GmbH, Munich
OMVD
AEA
32.26
32.26
DUNAT\u00c0R K\u00f6olajterm\u00e9k T\u00e1rol\u00f3 \u00e9s Kereskedelmi Kft., Budapest
OHUN
C
100.00
100.00
Erd\u00f6l-Lagergesellschaft m.b.H., Lannach6
OMVRM
AEA
55.60
55.60
GENOL Gesellschaft m.b.H., Korneuburg
OMVRM
AEA
29.00
29.00
KSW Beteiligungsgesellschaft m.b.H., Vienna (SWJS)
OMVRM
NC
\u2014
100.00
KSW Elektro- und Industrieanlagenbau Gesellschaft m.b.H.,
Feldkirch
SWJS
NC-I
\u2014
25.10
OMV - International Services Ges.m.b.H., Vienna
OMVRM
C
100.00
100.00
OMV BULGARIA OOD, Sofia
PETROM
C
99.90
99.90
OMVRM
0.10
0.10
OMV \u010cesk\u00e1 republika, s.r.o., Prague
OMVRM
C
100.00
100.00
OMV Deutschland Services GmbH, Burghausen (OMVDS)
OMVD
C
100.00
100.00
OMV Hung\u00e1ria \u00c1sv\u00e1nyolaj Korl\u00e1tolt Felel\u00f6ss\u00e9g\u00fc T\u00e1rsas\u00e1g,
Budapest (OHUN)
OMVRM
C
100.00
100.00
OMV PETROM Aviation S.R.L., Otopeni
PETROM
C
100.00
100.00
ROMAN
0.00
0.00
OMV Petrom Biofuels SRL, Bucharest
PETROM
C
25.00
75.00
OMVRM
75.00
25.00
OMV PETROM MARKETING SRL, Bucharest (ROMAN)
PETROM
C
100.00
100.00
OMV Refining & Marketing Middle East & Asia GmbH, Vienna
OMVRM
C
100.00
100.00
OMV Renewable Fuels & Feedstock B.V., Beveren
OMVRM
C
100.00
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.,
Koper
OMVRM
C
\u2014
92.25
OMV Slovensko s.r.o., Bratislava
OMVRM
C
99.96
99.96
OMV SRBIJA d.o.o., Belgrade
PETROM
C
99.96
99.96
OMVRM
0.04
0.04
OMV Supply & Trading Italia S.r.l., Trieste
OMVRM
C
100.00
100.00
OMV Supply & Trading Limited, London (OTRAD)
OMVRM
C
100.00
100.00
OMV Supply & Trading Singapore PTE LTD., Singapore
OTRAD
NC
100.00
100.00
OMV Switzerland Holding AG, Zug4
OGI
NC
100.00
100.00
Pak-Arab Refinery Limited, Karachi
ADPINV
AEJ
40.00
40.00
Petrom-Moldova S.R.L., Chisinau
PETROM
C
100.00
100.00
Routex B.V., Amsterdam
OMVRM
NC-I
20.00
20.00
Salzburg Fuelling GmbH, Salzburg4
OMVRM
NC-I
50.00
33.33
Societ\u00e0 Italiana per l'Oleodotto Transalpino S.p.A., Trieste
OMVRM
AEA
32.26
32.26
SuperShop Marketing Korl\u00e1tolt Felel\u0151ss\u00e9g\u0171 T\u00e1rsas\u00e1g, Budapest
OHUN
NC-I
50.00
50.00
TGN Tankdienst-Gesellschaft N\u00fcrnberg GbR, Nuremberg
OMVD
NC-I
33.33
33.33
Transalpine \u00d6lleitung in \u00d6sterreich Gesellschaft m.b.H.,
Matrei in Osttirol
OMVRM
AEA
32.26
32.26
Energy
Central European Gas Hub AG, Vienna (HUB)
OGI
C
65.00
65.00
Deeep Tiefengeothermie GmbH, Vienna
OGEO
PC
49.00
EEX CEGH Gas Exchange Services GmbH, Vienna
HUB
AEA
49.00
49.00
Energy Infrastructure Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Holdings Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Investments Limited, Wellington
NZEA
C
100.00
100.00
Freya Bunde-Etzel GmbH & Co. KG, Bonn
OGSG
AEA
39.99
39.99
JSC GAZPROM YRGM Development, St. Petersburg7
OMVEP
NC-I
\u2014
\u2014
OJSC Severneftegazprom, Krasnoselkup
OMVEP
NC-I
24.99
24.99
OMV (Berenty) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (IRAN) onshore Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (Mandabe) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (NAMIBIA) Exploration GmbH, Vienna
ONAFRU
NC
100.00
100.00
OMV (NORGE) AS, Stavanger (ONOR)
OMVEP
C
100.00
100.00
OMV (Tunesien) Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (TUNESIEN) Sidi Mansour GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (Yemen Block S 2) Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (YEMEN) Al Mabar Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (YEMEN) South Sanau Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi E&P GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi Offshore GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Abu Dhabi Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV AUSTRALIA PTY LTD, Perth (OAUST)
OMV AG
C
100.00
100.00
OMV Austria Exploration & Production GmbH, Vienna (OEPA)
OMVEP
C
100.00
100.00
OMV Austria Geothermal GmbH, Vienna (OGEO)
OGREEN
C
100.00
100.00
OMV Barrow Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beagle Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beteiligungsverwaltungs GmbH, Vienna
OMV AG
NC
100.00
100.00
OMV Bina Bawi GmbH, Vienna
PETEX
NC
100.00
100.00
OMV Block 70 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Croatia Geothermal GmbH, Vienna
OGREEN
NC
100.00
OMV East Abu Dhabi Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Enerji Ticaret Anonim \u015eirketi, Istanbul8
OMVRM
C
100.00
100.00
OMV Exploration & Production GmbH, Vienna (OMVEP)
OMV AG
C
100.00
100.00
OMV EXPLORATION & PRODUCTION LIMITED, Douglas
OMVEP
NC
\u2014
100.00
OMV Gas Logistics Holding GmbH, Vienna (OGI)
OMV AG
C
100.00
100.00
OMV Gas Marketing & Trading Belgium, Brussels
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Deutschland GmbH, Dusseldorf
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading GmbH, Vienna (ECOGAS)
OMVRM
C
100.00
100.00
OMV Gas Marketing & Trading Hung\u00e1ria Kft., Budapest
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Italia S.r.l., Milan
ECOGAS
NC
100.00
100.00
OMV Gas Marketing Trading & Finance B.V., Amsterdam
OFS
C
100.00
100.00
OMV Gas Storage Germany GmbH, Cologne (OGSG)
OMVDS
C
100.00
100.00
OMV Gas Storage GmbH, Vienna
OGI
C
100.00
100.00
OMV Gaz Iletim A.S., Istanbul8
OMVRM
C
100.00
100.00
OMV Green Energy GmbH, Vienna (OGREEN)
OMVEP
C
100.00
100.00
OMV Jardan Block 3 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Maurice Energy GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Middle East & Africa GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Myrre Block 86 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV New Zealand Limited, Wellington (NZEA)
OMVEP
C
100.00
100.00
OMV NZ Production Limited, Wellington
NZEA
C
100.00
100.00
OMV OF LIBYA LIMITED, Douglas
OMVEP
C
100.00
100.00
OMV Offshore (Namibia) GmbH, Vienna (ONAFRU)
OMVEP
NC
100.00
100.00
OMV Offshore Bulgaria GmbH, Vienna
PETROM
C
100.00
100.00
OMV Offshore Morondava GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil and Gas Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Oil Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Orient Hydrocarbon GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Orient Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Petroleum Exploration GmbH, Vienna (PETEX)
OMVEP
NC
100.00
100.00
OMV Petroleum Pty Ltd, Perth
NZEA
NC
100.00
100.00
OMV PETROM E&P BULGARIA S.R.L., Bucharest
PETROM
C
100.00
100.00
OMV Petrom Energy Solution SRL, Bucharest
PETROM
NC
100.00
OMV PETROM GEORGIA LLC, Tbilisi
PETROM
C
100.00
100.00
OMV Proterra GmbH, Vienna
OEPA
NC
100.00
100.00
OMV Russia Upstream GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Upstream International GmbH, Vienna (OUPI)
OMVEP
C
100.00
100.00
Pearl Petroleum Company Limited, Road Town
OUPI
AEA
10.00
10.00
PEI Venezuela Gesellschaft mit beschr\u00e4nkter Haftung,
Burghausen
OMVEP
NC
100.00
100.00
PETROM EXPLORATION & PRODUCTION LIMITED, Douglas
PETROM
NC
100.00
99.99
POSEIDON EXL 005 ANS, Lysaker
ONOR
PC
50.00
Preussag Energie International GmbH, Burghausen4
OMVEP
NC
100.00
100.00
S. PARC FOTOVOLTAIC ISALNITA S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC ROVINARI EST S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC TISMANA 1 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. SOLARIST TISMANA 2 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
SapuraOMV Block 30, S. de R.L. de C.V., Mexico City
SEUPMY
C
99.00
99.00
SEMXMY
1.00
1.00
SapuraOMV Upstream (Americas) Sdn. Bhd., Kuala Lumpur (SEAMMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Australia) Sdn. Bhd., Kuala Lumpur (SEAUMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Holding) Sdn. Bhd., Kuala Lumpur (SEUPMY)
SOUPMY
C
100.00
100.00
SAPURAOMV UPSTREAM (MALAYSIA) SDN. BHD.,
Kuala Lumpur
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Mexico) Sdn. Bhd., Kuala Lumpur (SEMXMY)
SEAMMY
C
100.00
100.00
SapuraOMV Upstream (NZ) Sdn. Bhd., Kuala Lumpur (SENZMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Oceania) Sdn. Bhd., Kuala Lumpur (SEOCMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Sarawak) Inc., Nassau
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Western Australia) Pty Ltd, Perth
SEAUMY
C
100.00
100.00
SapuraOMV Upstream JV Sdn. Bhd., Kuala Lumpur
SENZMY
NC
100.00
100.00
SapuraOMV Upstream Sdn. Bhd., Kuala Lumpur (SOUPMY)
OMVEP
C
50.00
50.00
Corporate & Other
ASOCIATIA ROMANA PENTRU RELATIA CU INVESTITORII,
Bucharest
PETROM
NC-I
20.00
20.00
Diramic Insurance Limited, Gibraltar
OMV AG
C
100.00
100.00
OMV Clearing und Treasury GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Services GmbH, Vienna (OFS)
SNO
C
100.00
100.00
OMV Finance Services NOK GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Solutions USD GmbH, Vienna
SNO
C
100.00
100.00
OMV Insurance Broker GmbH in Liqu., Vienna5
OMV AG
NC
100.00
100.00
OMV International Oil & Gas GmbH, Baar
OMV AG
C
100.00
100.00
OMV Petrom Global Solutions SRL, Bucharest
SNO
C
75.00
75.00
PETROM
25.00
25.00
OMV Solutions GmbH, Vienna (SNO)
OMV AG
C
100.00
100.00
PETROMED SOLUTIONS SRL, Bucharest
PETROM
C
100.00
100.00
Assigned to multiple segments9
C2PAT GmbH & Co KG, Vienna
BORAAG
AEJ
\u2014
25.00
OMVRM
\u2014
25.00
C2PAT GmbH, Vienna
BORAAG
AEJ
25.00
25.00
OMVRM
25.00
25.00
OMV Deutschland GmbH, Burghausen (OMVD)
OMVRM
C
90.00
90.00
OMV AG
10.00
10.00
OMV Deutschland Marketing & Trading GmbH & Co. KG,
Burghausen10
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Deutschland Operations GmbH & Co. KG, Burghausen
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Downstream GmbH, Vienna (OMVRM)
OMV AG
C
100.00
100.00
OMV PETROM SA, Bucharest (PETROM)
OMV AG
C
51.16
51.16
1 Type of consolidation:
C Consolidated subsidiary
AEA Associated companies accounted at-equity
AEJ Joint venture accounted at-equity
PC Joint operation; accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
NC-I Other not consolidated investment; associated companies and joint ventures of relatively little importance to the assets and earnings of the consolidated financial statements
NC Not-consolidated subsidiary; shell or distribution companies of relative insignificance individually and collectively to the consolidated financial statements
2 Incorporated in Wilmington
3 Economic share 100.00%
4 Type of consolidation was changed compared to 2022.
5 Company\u2019s legal name changed following the initiation of liquidation.
6 Despite majority interest not being fully consolidated, but accounted for at-equity due to absence of control.
7 Economic share 99.99%
8 Segment assignment was changed compared to 2022.
9 Assigned to the relevant segments in the segment reporting
10 In the 2023 financial year, OMV Deutschland Marketing & Trading GmbH & Co. KG made use of the exemption provision for the preparation of the annual financial statement and director\u2019s report, audit and disclosure pursuant to Section 264b\u00a0HGB in conjunction with Section 325\u00a0HGB. The company's exemption is mentioned in its notes and published in the Federal Gazette with reference to this provision and an indication of the parent company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-83": { "value": "
Chemicals & Materials
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
8 Depreciation, amortization, impairments and write-ups
Depreciation, amortization, impairments (excluding exploration & appraisal) and write-ups
In EUR mn
2023
2022
Depreciation and amortization
2,439
2,474
Write-ups
\u2013189
\u2013660
Impairment losses (excl. exploration & appraisal)
213
670
Depreciation, amortization, impairment losses (excluding exploration & appraisal) and write-ups
2,463
2,484
Impairment losses (including exploration & appraisal)
In EUR mn
2023
2022
Impairment losses (excl. exploration & appraisal)
213
670
Impairment losses (exploration & appraisal)
152
183
Impairment losses (including exploration & appraisal)
365
853
Depreciation, amortization, impairments and write-ups \u2013 split by function
In EUR mn
2023
2022
Depreciation and amortization
2,439
2,474
attributable to exploration expenses
\u2014
\u2014
attributable to production and operating expenses
2,152
2,200
attributable to selling, distribution and administrative expenses
287
274
Write-ups
\u2013189
\u2013660
attributable to exploration expenses
\u20131
\u2014
attributable to production and operating expenses
\u2013116
\u2013660
attributable to selling, distribution and administrative expenses
\u201372
\u20130
Impairment losses (incl. exploration & appraisal)
365
853
attributable to exploration expenses
158
183
attributable to production and operating expenses
203
660
attributable to selling, distribution and administrative expenses
4
10
Impairments and write-ups in Chemicals & Materials
Impairments and write-ups in Fuels & Feedstock
Impairments and write-ups in Energy
9 Exploration expenses
Exploration and appraisal of mineral resources
In EUR mn
2023
2022
Impairment losses (exploration & appraisal)
152
183
Other exploration expenses
70
67
Exploration expenses
222
250
Net cash used in operating activities
75
103
Net cash used in investing activities
171
149
Intangible assets
In EUR mn
Concessions,
software,
licenses,
rights
Development costs
Oil and gas
assets
with unproved
reserves
Goodwill
Total
2023
Development of costs
January 1
1,330
572
1,811
585
4,298
Currency translation differences
\u20133
\u20130
\u201328
\u201317
\u201348
Changes in the consolidated group
28
\u2014
\u2014
21
49
Additions
39
112
201
\u2014
352
Transfers
20
14
\u2013583
\u2014
\u2013549
Assets held for sale
\u20130
\u2014
\u2013243
\u2013205
\u2013448
Disposals
\u201328
\u20133
\u2013195
\u2014
\u2013225
December 31
1,385
695
963
384
3,428
Development of amortization
January 1
769
86
934
\u2014
1,788
Currency translation differences
\u20132
\u2014
\u201321
\u2014
\u201323
Amortization
93
34
0
\u2014
127
Impairments
11
3
158
\u2014
171
Transfers
\u20130
\u2014
\u201314
\u2014
\u201314
Assets held for sale
\u20130
\u2014
\u2013173
\u2014
\u2013173
Disposals
\u201329
\u20133
\u2013195
\u2014
\u2013227
Write-ups
\u2014
\u2014
\u20131
\u2014
\u20131
December 31
842
119
688
\u2014
1,649
Carrying amount January 1
562
486
878
585
2,510
Carrying amount December 31
543
576
275
384
1,779
2022
Development of costs
January 1
2,199
464
1,876
562
5,101
Currency translation differences
\u2013236
\u2014
36
28
\u2013172
Changes in the consolidated group
\u2013662
\u2014
\u201336
\u2014
\u2013699
Additions
31
110
172
\u2014
313
Transfers
5
\u2014
\u2013141
\u2014
\u2013136
Assets held for sale
\u20130
\u2014
27
\u2014
27
Disposals
\u20136
\u20132
\u2013122
\u20136
\u2013136
December 31
1,330
572
1,811
585
4,298
Development of amortization
January 1
979
52
909
\u2014
1,940
Currency translation differences
\u201385
\u20130
25
\u2014
\u201360
Changes in the consolidated group
\u2013234
\u2014
\u201336
\u2014
\u2013270
Amortization
108
31
0
\u2014
140
Impairments
6
3
179
\u2014
189
Transfers
\u20130
\u2014
\u201324
\u2014
\u201324
Assets held for sale
\u20131
\u2014
1
\u2014
\u20130
Disposals
\u20135
\u20131
\u2013121
\u2014
\u2013127
December 31
769
86
934
\u2014
1,788
Carrying amount January 1
1,220
411
967
562
3,161
Carrying amount December 31
562
486
878
585
2,510
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings,
and
equipment
Assets
under construction
Total
2023
Development of costs
January 1
3,512
26,549
12,002
2,043
2,061
46,168
Currency translation differences
\u20139
\u2013700
\u201321
\u20134
\u20135
\u2013738
Changes in the consolidated group
11
\u2014
53
2
12
78
Additions
143
1,265
491
95
1,389
3,383
New obligations and change in estimates for decommissioning
4
309
12
0
\u2014
326
Transfers
\u201333
592
848
121
\u2013969
559
Assets held for sale
\u20136
\u20131,431
0
\u20130
\u20138
\u20131,444
Disposals
\u201318
\u2013160
\u2013195
\u201379
\u20132
\u2013454
December 31
3,606
26,425
13,191
2,178
2,479
47,878
Development of depreciation
January 1
1,805
17,205
6,378
1,457
6
26,851
Currency translation differences
\u20135
\u2013467
\u20136
\u20133
0
\u2013480
Changes in the consolidated group
\u20131
\u2014
\u20134
\u20130
\u2014
\u20135
Depreciation
159
1,330
674
150
\u2014
2,314
Impairments
0
59
29
1
12
101
Transfers
\u201337
16
34
2
\u2014
14
Assets held for sale
\u20136
\u2013370
\u2014
\u20130
\u20133
\u2013380
Disposals
\u201313
\u2013158
\u2013191
\u201367
\u20131
\u2013429
Write-ups
\u20132
\u2013116
\u201370
\u20130
\u2014
\u2013188
December 31
1,900
17,498
6,844
1,540
15
27,798
Carrying amount January 1
1,706
9,344
5,624
586
2,055
19,317
Carrying amount December 31
1,705
8,927
6,347
637
2,464
20,081
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings
and
equipment
Assets
under construction
Total
2022
Development of costs
January 1
3,398
25,042
11,254
1,989
1,511
43,195
Currency translation differences
\u201317
174
\u2013169
\u20133
\u20134
\u201320
Additions
111
1,244
678
51
1,268
3,352
New obligations and change in estimates for decommissioning
4
\u201374
\u201321
0
\u2014
\u201390
Transfers
69
127
539
88
\u2013690
133
Assets held for sale
\u201318
236
\u201359
\u201312
\u201310
136
Disposals
\u201335
\u2013200
\u2013220
\u201368
\u201313
\u2013537
December 31
3,512
26,549
12,002
2,043
2,061
46,168
Development of depreciation
January 1
1,698
15,451
6,085
1,383
8
24,626
Currency translation differences
\u20138
18
\u2013106
\u20133
0
\u201398
Depreciation
138
1,390
671
144
\u2014
2,342
Impairments
6
595
8
2
8
619
Transfers
1
22
\u20138
6
2
24
Assets held for sale
\u20136
241
\u201355
\u20139
\u20131
170
Disposals
\u201324
\u2013195
\u2013211
\u201366
\u20139
\u2013505
Write-ups
\u20130
\u2013317
\u20137
\u2014
\u20132
\u2013327
December 31
1,805
17,205
6,378
1,457
6
26,851
Carrying amount January 1
1,700
9,591
5,169
606
1,503
18,569
Carrying amount December 31
1,706
9,344
5,624
586
2,055
19,317
Carrying amount reconciliation
In EUR mn
2023
2022
Associate
Joint
Ventures
Associate
Joint
Ventures
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
January 1
1,524
4,030
674
1,181
4,061
688
Currency translation differences
\u201354
\u2013117
\u201322
83
248
44
Transfers
\u2014
\u2014
\u2014
\u2014
3372
\u2014
Additions and other changes
\u2014
\u2014
921
\u2014
\u2014
\u2014
Net income
178
281
\u2013158
308
400
\u201358
Write-ups (+)/Impairments (\u2013)
\u2014
\u2014
\u2014
67
\u2014
\u2014
Other comprehensive income
2
\u20131
\u2014
\u2014
7
\u2014
Disposals and other charges
\u2014
\u2014
\u2014
\u2014
\u20134303
\u2014
Dividends distributed
\u2013206
\u2013455
\u2014
\u2013116
\u2013592
\u2014
December 31
1,444
3,737
586
1,524
4,030
674
1 Refers to capital contribution.
2 Mainly comprises the direct share in PTE, which is part of Borouge investments and therefore included in the material joint ventures from 2022 onwards.
3 Refers to partial disposal of ADP and PTE as a result of ADX listing in 2022.
In 2023, an impairment was recognized for the investment in BlueAlp Holding B.V. For further details please refer to Note 8 \u2013 Depreciation, Amortization, Impairments and Write-ups.
Carrying amount reconciliation for individually immaterial associates and joint ventures
In EUR mn
2023
2022
Associates1
Joint ventures
Associates1
Joint ventures
January 1
568
498
541
416
Currency translation differences
\u201315
\u201333
\u20138
\u201313
Changes in the consolidated group2
7
\u2014
\u201389
\u2014
Transfers
\u2014
\u2014
\u2014
\u20133373
Additions and other changes
\u2014
2
24
4094
Net income
23
2
189
30
Impairments
\u201323
\u2014
\u2014
\u2014
Other comprehensive income
\u2014
\u2014
0
\u20132
Disposals and other changes
\u20131
\u20132
\u20131
\u2014
Dividends distributed
\u2013102
\u201323
\u201388
\u20135
December 31
458
443
568
498
1 Including associated companies accounted at-cost.
2 Changes in the consolidated group in 2022 represented the deconsolidation of OJSC Severneftegazprom.
3 Mainly comprises the transfer of the direct share in PTE, which is part of \u201cBorouge investments\u201d and therefore included in material joint ventures from 2022 onwards.
4 Refers mainly to the capital contribution to Borouge 4 LLC.
", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-84": { "value": "
Fuels & Feedstock
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
7 Other operating income and net income from equity-accounted investments
Other operating income and net income from equity-accounted investments
In EUR mn
2023
2022
Foreign exchange gains from operating activities
200
298
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets
237
766
Residual other operating income
305
579
Other operating income
742
1,644
Income from equity-accounted investments
580
937
Expenses from equity-accounted investments
\u2013254
\u201368
Net income from equity-accounted investments
326
869
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets related mostly to gains from divestment of OMV\u2019s filling station and wholesale business in Slovenia. For further details see Note 4 \u2013 Changes in Group structure.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-85": { "value": "
Fuels & Feedstock
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
7 Other operating income and net income from equity-accounted investments
Other operating income and net income from equity-accounted investments
In EUR mn
2023
2022
Foreign exchange gains from operating activities
200
298
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets
237
766
Residual other operating income
305
579
Other operating income
742
1,644
Income from equity-accounted investments
580
937
Expenses from equity-accounted investments
\u2013254
\u201368
Net income from equity-accounted investments
326
869
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets related mostly to gains from divestment of OMV\u2019s filling station and wholesale business in Slovenia. For further details see Note 4 \u2013 Changes in Group structure.
10 Other operating expenses
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Residual other operating expenses contained expenses relating to various digitalization initiatives amounting to EUR 22 mn (2022: EUR 40 mn) as well as expenses related to minimum stockholding obligation outsourced to Erd\u00f6l-Lagergesellschaft m.b.H. in the amount of EUR 46 mn (2022: EUR 45 mn).
11 Personnel expenses
Personnel expenses
In EUR mn
2023
2022
Wages and salaries
1,365
1,314
Costs of defined benefit plans
31
30
Costs of defined contribution plans
62
77
Personnel reduction schemes
9
3
Other employee benefits
250
275
Taxes and social contributions
305
309
Personnel expenses
2,023
2,009
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-86": { "value": "
Cash flow impact of changes in Group structure
Cash impact from sale of subsidiaries and businesses
In EUR mn
2023
Consideration received
1,169
Less cash disposed of
\u2013204
Net cash inflows from disposal of subsidiaries and businesses
965
Net assets of disposed subsidiaries and businesses
In EUR mn
2023
Non-current assets
860
Current assets
751
Non-current liabilities
149
Current liabilities
367
Net assets
1,095
9 Exploration expenses
Exploration and appraisal of mineral resources
In EUR mn
2023
2022
Impairment losses (exploration & appraisal)
152
183
Other exploration expenses
70
67
Exploration expenses
222
250
Net cash used in operating activities
75
103
Net cash used in investing activities
171
149
The cash received from third-party shareholders amounted to EUR 30 mn in 2022 and was shown in the Consolidated Statement of Cash Flows in the line item \u201cIncrease in non-controlling interest\u201d.
28 Consolidated Statement of Cash Flows
Cash and cash equivalents
In EUR mn
2023
2022
Cash at bank and in hand
884
808
Short-term deposits
6,126
7,316
Cash and cash equivalents
7,011
8,124
Significant non-cash items
Cash flow from investing activities
Cash flow from financing activities
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2023
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
7,320
1,487
1,524
10,331
Repayments of long-term borrowings
\u20131,250
\u201344
\u2013184
\u20131,477
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
40
\u2014
40
Total cash flows related to financing activities
\u20131,250
\u20133
\u2013184
\u20131,437
Currency translation differences
\u2014
\u201322
\u20134
\u201325
Changes in the consolidated group
\u2014
24
\u201323
1
Difference between interest expenses and interest paid
3
\u201315
1
\u201311
Other changes
\u2014
\u2014
2721
272
Total non-cash changes
3
\u201314
247
236
December 31
6,073
1,470
1,587
9,130
1 Mainly related to new lease agreements
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2022
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
8,070
1,765
1,191
11,026
Repayments of long-term borrowings
\u2013750
\u2013114
\u2013183
\u20131,047
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
\u2013184
\u2014
\u2013184
Total cash flows related to financing activities
\u2013750
\u2013298
\u2013183
\u20131,230
Currency translation differences
\u2014
31
2
33
Changes in the consolidated group
\u2014
\u2014
\u2013123
\u2013123
Difference between interest expenses and interest paid
0
\u201311
1
\u201311
Other changes
\u2014
\u2014
6361
636
Total non-cash changes
0
20
515
535
December 31
7,320
1,487
1,524
10,331
1 Mainly related to new lease agreements
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-87": { "value": "
Segment Reporting
5 Segment Reporting
Changes in segment reporting
Business operations and key markets
OMV holds minority stakes in various equity-accounted investments, the most significant being the 15% participation in ADNOC Refining (United Arab Emirates) with an annual capacity of 7.1 mn t (OMV share).
The disclosure of special items is considered appropriate in order to facilitate analysis of ordinary business performance. To reflect comparable figures, certain items affecting the result are added back or deducted. These items can be divided into four subcategories: personnel restructuring, unscheduled depreciation and write-ups, asset disposals, and other.
Furthermore, to enable effective performance management in an environment of volatile prices and comparability with peers, the CCS effect is eliminated from the accounting result. The CCS effect, also called inventory holding gains and losses, is the difference between the cost of sales calculated using the current cost of supply, and the cost of sales calculated using the weighted average method after adjusting for any changes in valuation allowances. In volatile energy markets, measuring of the costs of petroleum products sold based on historical values (e.g. weighted average cost) can have distorting effects on reported results. This performance measurement enhances the transparency of results and is commonly used in the oil industry. OMV, therefore, publishes this measure in addition to the Operating Result determined according to IFRS.
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-88": { "value": "
5 Segment Reporting
Changes in segment reporting
Business operations and key markets
OMV holds minority stakes in various equity-accounted investments, the most significant being the 15% participation in ADNOC Refining (United Arab Emirates) with an annual capacity of 7.1 mn t (OMV share).
The disclosure of special items is considered appropriate in order to facilitate analysis of ordinary business performance. To reflect comparable figures, certain items affecting the result are added back or deducted. These items can be divided into four subcategories: personnel restructuring, unscheduled depreciation and write-ups, asset disposals, and other.
Furthermore, to enable effective performance management in an environment of volatile prices and comparability with peers, the CCS effect is eliminated from the accounting result. The CCS effect, also called inventory holding gains and losses, is the difference between the cost of sales calculated using the current cost of supply, and the cost of sales calculated using the weighted average method after adjusting for any changes in valuation allowances. In volatile energy markets, measuring of the costs of petroleum products sold based on historical values (e.g. weighted average cost) can have distorting effects on reported results. This performance measurement enhances the transparency of results and is commonly used in the oil industry. OMV, therefore, publishes this measure in addition to the Operating Result determined according to IFRS.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-89": { "value": "In addition, OMV holds minority stakes in various equity-accounted investments, the most significant ones being Borouge (United Arab Emirates), a Borealis\u2019 joint venture with ADNOC that operates the largest petrochemical complex in the world, and the Baystar joint venture (Pasadena, United States), which has operated an ethane cracker since 2022 and started up an additional polyethylene plant using the unique Borstar\u00ae technology in 2023.
7 Other operating income and net income from equity-accounted investments
Other operating income and net income from equity-accounted investments
In EUR mn
2023
2022
Foreign exchange gains from operating activities
200
298
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets
237
766
Residual other operating income
305
579
Other operating income
742
1,644
Income from equity-accounted investments
580
937
Expenses from equity-accounted investments
\u2013254
\u201368
Net income from equity-accounted investments
326
869
Income from equity-accounted investments was mainly impacted by the Abu Dhabi Oil Refining Company and the Borouge investments. Expenses from equity-accounted investments were predominantly stemming from Bayport Polymers LLC, as well as from an impairment within Pearl Petroleum Company Limited. For further details see Note 18 \u2013 Equity-accounted investments.
Material associates and joint ventures
Statement of comprehensive income \u2013 material joint ventures
In EUR mn
2023
2022
Borouge
investments
Bayport
Polymers LLC
Borouge
investments
Bayport
Polymers LLC
Sales revenue
5,356
577
5,938
601
Depreciation, amortization, impairments and write-ups
\u2013760
\u2013135
\u2013771
\u201362
Interest income
25
2
19
1
Interest expenses
\u2013204
\u2013107
\u2013111
\u201323
Taxes on income and profit
\u2013301
\u20130
\u2013446
\u2014
Net income for the year
815
\u2013317
1,055
\u2013116
Other comprehensive income
\u20134
\u2014
20
\u2014
Total comprehensive income
811
\u2013317
1,075
\u2013116
Group\u2019s share of comprehensive income
280
\u2013158
407
\u201358
Dividends received
455
\u2014
592
\u2014
Statement of financial position \u2013 material joint ventures
In EUR mn
2023
2022
Borouge
investments
Bayport
Polymers LLC
Borouge
investments
Bayport
Polymers LLC
Non-current assets
6,271
3,894
6,842
4,002
Current assets
1,823
352
2,758
188
thereof cash and cash equivalents
320
41
1,072
30
Non-current liabilities
3,165
2,683
4,070
2,443
thereof non-current financial liabilities
(excl. other liabilities and provisions)
2,988
2,681
3,884
2,441
Current liabilities
815
343
964
352
thereof current financial liabilities
(excl. trade payables, other liabilities, and provisions)
8
195
4
206
Equity
4,114
1,219
4,566
1,396
Group\u2019s share
1,489
610
1,656
698
Goodwill
1,986
\u2014
2,058
\u2014
OMV Group adjustments1
263
\u201324
316
\u201324
Carrying amount of investment
3,737
586
4,030
674
1 OMV Group adjustments related to Borouge investments mainly referred to purchase price adjustments of EUR 377 mn (2022: EUR 448 mn) related to non-current assets and EUR 113 mn (2022: EUR 131 mn) related to non-current liabilities.
Carrying amount reconciliation
In EUR mn
2023
2022
Associate
Joint
Ventures
Associate
Joint
Ventures
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
January 1
1,524
4,030
674
1,181
4,061
688
Currency translation differences
\u201354
\u2013117
\u201322
83
248
44
Transfers
\u2014
\u2014
\u2014
\u2014
3372
\u2014
Additions and other changes
\u2014
\u2014
921
\u2014
\u2014
\u2014
Net income
178
281
\u2013158
308
400
\u201358
Write-ups (+)/Impairments (\u2013)
\u2014
\u2014
\u2014
67
\u2014
\u2014
Other comprehensive income
2
\u20131
\u2014
\u2014
7
\u2014
Disposals and other charges
\u2014
\u2014
\u2014
\u2014
\u20134303
\u2014
Dividends distributed
\u2013206
\u2013455
\u2014
\u2013116
\u2013592
\u2014
December 31
1,444
3,737
586
1,524
4,030
674
1 Refers to capital contribution.
2 Mainly comprises the direct share in PTE, which is part of Borouge investments and therefore included in the material joint ventures from 2022 onwards.
3 Refers to partial disposal of ADP and PTE as a result of ADX listing in 2022.
Individually immaterial associates and joint ventures
Statement of comprehensive income for individually immaterial associates and joint ventures \u2013 Group\u2019s share
In EUR mn
2023
2022
Associates
Joint ventures
Associates
Joint ventures
Sales revenue
5,797
360
5,889
461
Net income for the year
23
2
189
30
Other comprehensive income
\u2014
\u2014
0
\u20132
Total comprehensive income
23
2
190
27
Carrying amount reconciliation for individually immaterial associates and joint ventures
In EUR mn
2023
2022
Associates1
Joint ventures
Associates1
Joint ventures
January 1
568
498
541
416
Currency translation differences
\u201315
\u201333
\u20138
\u201313
Changes in the consolidated group2
7
\u2014
\u201389
\u2014
Transfers
\u2014
\u2014
\u2014
\u20133373
Additions and other changes
\u2014
2
24
4094
Net income
23
2
189
30
Impairments
\u201323
\u2014
\u2014
\u2014
Other comprehensive income
\u2014
\u2014
0
\u20132
Disposals and other changes
\u20131
\u20132
\u20131
\u2014
Dividends distributed
\u2013102
\u201323
\u201388
\u20135
December 31
458
443
568
498
1 Including associated companies accounted at-cost.
2 Changes in the consolidated group in 2022 represented the deconsolidation of OJSC Severneftegazprom.
3 Mainly comprises the transfer of the direct share in PTE, which is part of \u201cBorouge investments\u201d and therefore included in material joint ventures from 2022 onwards.
4 Refers mainly to the capital contribution to Borouge 4 LLC.
Financial guarantee contracts
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
List of investments
List of subsidiaries, equity-accounted investments, and other investments of OMV Aktiengesellschaft with an interest of at least 20%
Parent
company
Type of
consoli-
dation1
Equity
interest
in % as of
December 31, 2023
Equity
interest
in % as of
December 31, 2022
Chemicals & Materials
AGRIPRODUITS S.A.S., Courbevoie (BAGRFR)
BCHIFR
NC
\u2014
100.00
AZOLOR S.A.S., Bras-sur-Meuse
BCHIFR
NC-I
\u2014
34.00
Bayport Polymers LLC, Pasadena2
BNOVUS
AEJ
50.00
50.00
BlueAlp Holding B.V., Groot-Ammers
BRENBE
AEA
21.25
Borealis AB, Stenungsund (BABSWE)
BSVSWE
C
100.00
100.00
Borealis AG, Vienna (BORAAG)
BHOLAT
C
39.00
39.00
OMVRM
32.67
32.67
OMV AG
3.33
3.33
Borealis Agrolinz Melamine Deutschland GmbH, Wittenberg
BORAAG
C
\u2014
100.00
Borealis Agrolinz Melamine GmbH, Linz (BAGMAT)
BORAAG
C
\u2014
100.00
Borealis Antwerpen N.V., Zwijndrecht
BPOBE
C
\u2014
90.00
BORAAG
100.00
10.00
Borealis Argentina SRL, Buenos Aires
BORAAG
NC
98.00
98.00
BSVSWE
2.00
2.00
BOREALIS ASIA LIMITED, Hong Kong
BORAAG
NC
100.00
100.00
Borealis BoNo Holdings LLC, Houston (BBNHUS)2
BUS
C
100.00
100.00
Borealis Brasil S.A., Itatiba
BORAAG
C
80.00
80.00
BOREALIS CHEMICALS ZA (PTY) LTD, Germiston
BORAAG
NC
100.00
100.00
Borealis Chile SpA, Santiago
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.R.L., Casablanca
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.S., Courbevoie (BCHIFR)
BFR
C
\u2014
100.00
Borealis Circular Solutions Holding GmbH, Vienna (BCIRC)
BORAAG
C
100.00
100.00
Borealis Colombia S.A.S., Bogota
BORAAG
NC
100.00
100.00
Borealis Compounds Inc., Houston (BCOMUS)
BUS
C
100.00
100.00
Borealis Denmark ApS, Copenhagen
BORAAG
NC
100.00
100.00
Borealis Digital Studio B.V., Zaventem
BORAAG
NC
100.00
90.00
BPOBE
\u2014
10.00
Borealis Financial Services N.V., Mechelen
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis France S.A.S., Courbevoie (BFR)
BORAAG
C
100.00
100.00
Borealis Group Services AS, Bamble
BABSWE
C
100.00
100.00
Borealis Insurance A/S (captive insurance company),
Copenhagen
BORAAG
C
100.00
100.00
Borealis ITALIA S.p.A., Monza
BORAAG
C
100.00
100.00
Borealis Kallo N.V., Kallo
BORAAG
C
100.00
0.06
BPOBE
\u2014
99.94
Borealis L.A.T Belgium B.V., Beringen
BLATAT
NC
\u2014
100.00
Borealis L.A.T Bulgaria EOOD, Sofia
BLATAT
NC
\u2014
100.00
Borealis L.A.T Czech Republic s.r.o., \u010cesk\u00e9 Bud\u011bjovice
BLATAT
NC
\u2014
100.00
Borealis L.A.T doo, Beograd, Belgrade
BLATAT
C
\u2014
100.00
Borealis L.A.T France S.A.S., Courbevoie
BFR
C
\u2014
100.00
Borealis L.A.T GmbH, Linz (BLATAT)
BORAAG
C
\u2014
100.00
Borealis L.A.T Greece Single Member P.C., Athens
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hrvatska d.o.o., Klisa
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hungary Kft., Budapest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Italia s.r.l., Milan
BORAAG
NC
\u2014
100.00
Borealis L.A.T Polska Sp. z o.o., Warsaw
BLATAT
NC
\u2014
100.00
Borealis L.A.T Romania s.r.l., Bucharest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Slovakia s.r.o., Chotin
BLATAT
NC
\u2014
100.00
Borealis M\u00e9xico, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BCOMUS
0.00
0.00
Borealis Middle East Holding GmbH, Vienna (BORMEH)
BORAAG
C
100.00
100.00
Borealis Plasticos, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BABSWE
\u2014
0.00
BCOMUS
0.00
Borealis Plastik ve Kimyasal Maddeler Ticaret Limited Sirketi,
Istanbul
BORAAG
NC
100.00
100.00
Borealis Plastomers B.V., Geleen
BORAAG
C
100.00
100.00
Borealis Poliolefinas da Am\u00e9rica do Sul Ltda., Itatiba
BORAAG
NC
99.99
99.99
BSVSWE
0.01
0.01
Borealis Polska Sp. z o.o., Warsaw
BORAAG
NC
100.00
100.00
Borealis Polymere GmbH, Burghausen (BPODE)
BORAAG
C
100.00
100.00
Borealis Polymers N.V., Beringen (BPOBE)
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis Polymers Oy, Porvoo
BORAAG
C
100.00
100.00
Borealis Polyolefine GmbH, Schwechat (BPOAT)
BORAAG
C
100.00
100.00
BSVSWE
0.00
0.00
Borealis Polyolefins d.o.o., Zagreb
BORAAG
NC
100.00
100.00
Borealis Polyolefins S.R.L., Bucharest
BORAAG
NC
100.00
100.00
Borealis Polyolefins s.r.o., Bratislava
BORAAG
NC
100.00
100.00
Borealis Produits et Engrais Chimiques du Rhin S.A.S.,
Ottmarsheim
BFR
C
\u2014
100.00
Borealis Qu\u00edmica Espa\u00f1a S.A., Barcelona
BORAAG
C
100.00
100.00
Borealis RUS LLC, Moscow
BORAAG
NC
100.00
100.00
Borealis s.r.o., Prague
BORAAG
NC
100.00
100.00
Borealis Services S.A.S., Paris
BFR
NC
100.00
100.00
Borealis Sverige AB, Stenungsund (BSVSWE)
BORAAG
C
100.00
100.00
Borealis Technology Oy, Porvoo
BORAAG
C
100.00
100.00
BOREALIS UK LTD, Manchester
BORAAG
C
100.00
100.00
Borealis USA Inc., Houston (BUS)
BORAAG
C
100.00
100.00
Borouge 4 LLC, Abu Dhabi
BORMEH
AEJ
40.00
40.00
Borouge PLC, Abu Dhabi (BOROLC)
BORMEH
AEJ
36.00
36.00
Borouge Pte. Ltd., Singapore
BOROLC
AEJ
84.75
84.75
BORMEH
15.25
15.25
Chemiepark Linz Betriebsfeuerwehr GmbH, Linz
BAGMAT
NC-I
\u2014
47.50
Circular Feedstock Walld\u00fcrn GmbH, Walld\u00fcrn3
OMVD
C
89.90
DYM SOLUTION CO., LTD, Cheonan
BORAAG
C
100.00
99.75
Ecoplast Kunststoffrecycling GmbH, Wildon
BORAAG
C
100.00
100.00
EPS Ethylen-Pipeline-S\u00fcd Gesch\u00e4ftsf\u00fchrungs GmbH, Munich
OMVD
NC-I
15.46
15.46
BPODE
7.73
7.73
EPS Ethylen-Pipeline-S\u00fcd GmbH & Co KG, Munich
OMVD
AEA
20.66
20.66
BPODE
10.33
10.33
Etenf\u00f6rs\u00f6rjning i Stenungsund AB, Stenungsund
BABSWE
C
80.00
80.00
Feboran EOOD, Sofia (BFEBGR)
BORAAG
C
\u2014
100.00
Franciade Agrifluides S.A.S. (FASA), Blois
BCHIFR
NC-I
\u2014
40.00
BAGRFR
\u2014
9.98
Hallbar Kemi i Stenungsund, Stenungsund
BABSWE
NC-I
20.00
20.00
Industrins R\u00e4ddningstj\u00e4nst i Stenungsund AB, Stenungsund
BABSWE
NC-I
25.00
25.00
KB Munker\u00f6d 1:72, Stenungsund
BABSWE
NC
100.00
100.00
BSVSWE
0.00
0.00
Kilpilahden Voimalaitos Oy, Porvoo4
BORAAG
AEA
20.00
20.00
mtm compact GmbH, Niedergebra
BORAAG
C
100.00
100.00
mtm plastics GmbH, Niedergebra
BORAAG
C
100.00
100.00
Neochim AD, Dimitrovgrad
BFEBGR
AEA
\u2014
20.30
Novealis Holdings LLC, Houston (BNOVUS)
BBNHUS
C
50.00
50.00
BSBHUS
50.00
50.00
OMV Borealis Holding GmbH, Vienna (BHOLAT)
OMVRM
C
100.00
100.00
Petrogas International B.V., Eindhoven
BRENBE
AEA
25.00
PetroPort Holding AB, Stenungsund
BABSWE
AEJ
50.00
50.00
Recelerate GmbH, Herborn
BORAAG
NC-I
50.00
50.00
Renasci N.V., Ostend (BRENBE)4
BCIRC
C
98.56
27.42
Renasci Oostende Holding N.V., Ostend (BRHOBE)
BRENBE
C
100.00
Renasci Oostende Recycling N.V., Ostend
BRHOBE
C
100.00
Renasci Oostende SCP N.V., Ostend
BRHOBE
C
100.00
Rialti S.p.A., Taino
BORAAG
C
100.00
Rosier France S.A.S., Arras
BROSBE
C
\u2014
100.00
Rosier Nederland B.V., Sas van Gent
BROSBE
C
\u2014
100.00
Rosier S.A., Moustier (BROSBE)
BORAAG
C
\u2014
98.09
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole Laignes Agrifluides (SICA Laignes Agrifluides), Mon\u00e9teau
BCHIFR
NC-I
\u2014
39.97
BAGRFR
\u2014
9.93
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole par Actions Simplifi\u00e9e
de Gouaix (SICA de Gouaix), Paris
BCHIFR
NC-I
\u2014
25.00
BLATAT
\u2014
0.00
Star Bridge Holdings LLC, Port Murray (BSBHUS)2
BUS
C
100.00
100.00
STOCKAM G.I.E., Grand-Quevilly
BCHIFR
NC
\u2014
99.00
BAGRFR
\u2014
1.00
Fuels & Feedstock
Abu Dhabi Oil Refining Company, Abu Dhabi
OMVRM
AEA
15.00
15.00
Abu Dhabi Petroleum Investments LLC, Abu Dhabi (ADPINV)
OMVRM
AEJ
25.00
25.00
ADNOC Global Trading LTD, Abu Dhabi
OMVRM
AEA
15.00
15.00
Aircraft Refuelling Company GmbH, Vienna
OMVRM
NC-I
33.33
33.33
Autobahn - Betriebe Gesellschaft m.b.H., Vienna
OMVRM
NC-I
47.19
47.19
Avanti Deutschland GmbH, Berchtesgaden
OMVRM
C
\u2014
100.00
BSP Bratislava-Schwechat Pipeline GmbH in Liqu., Vienna5
OMVRM
NC-I
26.00
26.00
BTF Industriepark Schwechat GmbH, Schwechat
BPOAT
NC
50.00
50.00
OMVRM
50.00
50.00
Deutsche Transalpine Oelleitung GmbH, Munich
OMVD
AEA
32.26
32.26
DUNAT\u00c0R K\u00f6olajterm\u00e9k T\u00e1rol\u00f3 \u00e9s Kereskedelmi Kft., Budapest
OHUN
C
100.00
100.00
Erd\u00f6l-Lagergesellschaft m.b.H., Lannach6
OMVRM
AEA
55.60
55.60
GENOL Gesellschaft m.b.H., Korneuburg
OMVRM
AEA
29.00
29.00
KSW Beteiligungsgesellschaft m.b.H., Vienna (SWJS)
OMVRM
NC
\u2014
100.00
KSW Elektro- und Industrieanlagenbau Gesellschaft m.b.H.,
Feldkirch
SWJS
NC-I
\u2014
25.10
OMV - International Services Ges.m.b.H., Vienna
OMVRM
C
100.00
100.00
OMV BULGARIA OOD, Sofia
PETROM
C
99.90
99.90
OMVRM
0.10
0.10
OMV \u010cesk\u00e1 republika, s.r.o., Prague
OMVRM
C
100.00
100.00
OMV Deutschland Services GmbH, Burghausen (OMVDS)
OMVD
C
100.00
100.00
OMV Hung\u00e1ria \u00c1sv\u00e1nyolaj Korl\u00e1tolt Felel\u00f6ss\u00e9g\u00fc T\u00e1rsas\u00e1g,
Budapest (OHUN)
OMVRM
C
100.00
100.00
OMV PETROM Aviation S.R.L., Otopeni
PETROM
C
100.00
100.00
ROMAN
0.00
0.00
OMV Petrom Biofuels SRL, Bucharest
PETROM
C
25.00
75.00
OMVRM
75.00
25.00
OMV PETROM MARKETING SRL, Bucharest (ROMAN)
PETROM
C
100.00
100.00
OMV Refining & Marketing Middle East & Asia GmbH, Vienna
OMVRM
C
100.00
100.00
OMV Renewable Fuels & Feedstock B.V., Beveren
OMVRM
C
100.00
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.,
Koper
OMVRM
C
\u2014
92.25
OMV Slovensko s.r.o., Bratislava
OMVRM
C
99.96
99.96
OMV SRBIJA d.o.o., Belgrade
PETROM
C
99.96
99.96
OMVRM
0.04
0.04
OMV Supply & Trading Italia S.r.l., Trieste
OMVRM
C
100.00
100.00
OMV Supply & Trading Limited, London (OTRAD)
OMVRM
C
100.00
100.00
OMV Supply & Trading Singapore PTE LTD., Singapore
OTRAD
NC
100.00
100.00
OMV Switzerland Holding AG, Zug4
OGI
NC
100.00
100.00
Pak-Arab Refinery Limited, Karachi
ADPINV
AEJ
40.00
40.00
Petrom-Moldova S.R.L., Chisinau
PETROM
C
100.00
100.00
Routex B.V., Amsterdam
OMVRM
NC-I
20.00
20.00
Salzburg Fuelling GmbH, Salzburg4
OMVRM
NC-I
50.00
33.33
Societ\u00e0 Italiana per l'Oleodotto Transalpino S.p.A., Trieste
OMVRM
AEA
32.26
32.26
SuperShop Marketing Korl\u00e1tolt Felel\u0151ss\u00e9g\u0171 T\u00e1rsas\u00e1g, Budapest
OHUN
NC-I
50.00
50.00
TGN Tankdienst-Gesellschaft N\u00fcrnberg GbR, Nuremberg
OMVD
NC-I
33.33
33.33
Transalpine \u00d6lleitung in \u00d6sterreich Gesellschaft m.b.H.,
Matrei in Osttirol
OMVRM
AEA
32.26
32.26
Energy
Central European Gas Hub AG, Vienna (HUB)
OGI
C
65.00
65.00
Deeep Tiefengeothermie GmbH, Vienna
OGEO
PC
49.00
EEX CEGH Gas Exchange Services GmbH, Vienna
HUB
AEA
49.00
49.00
Energy Infrastructure Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Holdings Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Investments Limited, Wellington
NZEA
C
100.00
100.00
Freya Bunde-Etzel GmbH & Co. KG, Bonn
OGSG
AEA
39.99
39.99
JSC GAZPROM YRGM Development, St. Petersburg7
OMVEP
NC-I
\u2014
\u2014
OJSC Severneftegazprom, Krasnoselkup
OMVEP
NC-I
24.99
24.99
OMV (Berenty) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (IRAN) onshore Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (Mandabe) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (NAMIBIA) Exploration GmbH, Vienna
ONAFRU
NC
100.00
100.00
OMV (NORGE) AS, Stavanger (ONOR)
OMVEP
C
100.00
100.00
OMV (Tunesien) Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (TUNESIEN) Sidi Mansour GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (Yemen Block S 2) Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (YEMEN) Al Mabar Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (YEMEN) South Sanau Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi E&P GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi Offshore GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Abu Dhabi Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV AUSTRALIA PTY LTD, Perth (OAUST)
OMV AG
C
100.00
100.00
OMV Austria Exploration & Production GmbH, Vienna (OEPA)
OMVEP
C
100.00
100.00
OMV Austria Geothermal GmbH, Vienna (OGEO)
OGREEN
C
100.00
100.00
OMV Barrow Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beagle Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beteiligungsverwaltungs GmbH, Vienna
OMV AG
NC
100.00
100.00
OMV Bina Bawi GmbH, Vienna
PETEX
NC
100.00
100.00
OMV Block 70 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Croatia Geothermal GmbH, Vienna
OGREEN
NC
100.00
OMV East Abu Dhabi Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Enerji Ticaret Anonim \u015eirketi, Istanbul8
OMVRM
C
100.00
100.00
OMV Exploration & Production GmbH, Vienna (OMVEP)
OMV AG
C
100.00
100.00
OMV EXPLORATION & PRODUCTION LIMITED, Douglas
OMVEP
NC
\u2014
100.00
OMV Gas Logistics Holding GmbH, Vienna (OGI)
OMV AG
C
100.00
100.00
OMV Gas Marketing & Trading Belgium, Brussels
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Deutschland GmbH, Dusseldorf
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading GmbH, Vienna (ECOGAS)
OMVRM
C
100.00
100.00
OMV Gas Marketing & Trading Hung\u00e1ria Kft., Budapest
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Italia S.r.l., Milan
ECOGAS
NC
100.00
100.00
OMV Gas Marketing Trading & Finance B.V., Amsterdam
OFS
C
100.00
100.00
OMV Gas Storage Germany GmbH, Cologne (OGSG)
OMVDS
C
100.00
100.00
OMV Gas Storage GmbH, Vienna
OGI
C
100.00
100.00
OMV Gaz Iletim A.S., Istanbul8
OMVRM
C
100.00
100.00
OMV Green Energy GmbH, Vienna (OGREEN)
OMVEP
C
100.00
100.00
OMV Jardan Block 3 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Maurice Energy GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Middle East & Africa GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Myrre Block 86 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV New Zealand Limited, Wellington (NZEA)
OMVEP
C
100.00
100.00
OMV NZ Production Limited, Wellington
NZEA
C
100.00
100.00
OMV OF LIBYA LIMITED, Douglas
OMVEP
C
100.00
100.00
OMV Offshore (Namibia) GmbH, Vienna (ONAFRU)
OMVEP
NC
100.00
100.00
OMV Offshore Bulgaria GmbH, Vienna
PETROM
C
100.00
100.00
OMV Offshore Morondava GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil and Gas Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Oil Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Orient Hydrocarbon GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Orient Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Petroleum Exploration GmbH, Vienna (PETEX)
OMVEP
NC
100.00
100.00
OMV Petroleum Pty Ltd, Perth
NZEA
NC
100.00
100.00
OMV PETROM E&P BULGARIA S.R.L., Bucharest
PETROM
C
100.00
100.00
OMV Petrom Energy Solution SRL, Bucharest
PETROM
NC
100.00
OMV PETROM GEORGIA LLC, Tbilisi
PETROM
C
100.00
100.00
OMV Proterra GmbH, Vienna
OEPA
NC
100.00
100.00
OMV Russia Upstream GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Upstream International GmbH, Vienna (OUPI)
OMVEP
C
100.00
100.00
Pearl Petroleum Company Limited, Road Town
OUPI
AEA
10.00
10.00
PEI Venezuela Gesellschaft mit beschr\u00e4nkter Haftung,
Burghausen
OMVEP
NC
100.00
100.00
PETROM EXPLORATION & PRODUCTION LIMITED, Douglas
PETROM
NC
100.00
99.99
POSEIDON EXL 005 ANS, Lysaker
ONOR
PC
50.00
Preussag Energie International GmbH, Burghausen4
OMVEP
NC
100.00
100.00
S. PARC FOTOVOLTAIC ISALNITA S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC ROVINARI EST S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC TISMANA 1 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. SOLARIST TISMANA 2 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
SapuraOMV Block 30, S. de R.L. de C.V., Mexico City
SEUPMY
C
99.00
99.00
SEMXMY
1.00
1.00
SapuraOMV Upstream (Americas) Sdn. Bhd., Kuala Lumpur (SEAMMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Australia) Sdn. Bhd., Kuala Lumpur (SEAUMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Holding) Sdn. Bhd., Kuala Lumpur (SEUPMY)
SOUPMY
C
100.00
100.00
SAPURAOMV UPSTREAM (MALAYSIA) SDN. BHD.,
Kuala Lumpur
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Mexico) Sdn. Bhd., Kuala Lumpur (SEMXMY)
SEAMMY
C
100.00
100.00
SapuraOMV Upstream (NZ) Sdn. Bhd., Kuala Lumpur (SENZMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Oceania) Sdn. Bhd., Kuala Lumpur (SEOCMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Sarawak) Inc., Nassau
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Western Australia) Pty Ltd, Perth
SEAUMY
C
100.00
100.00
SapuraOMV Upstream JV Sdn. Bhd., Kuala Lumpur
SENZMY
NC
100.00
100.00
SapuraOMV Upstream Sdn. Bhd., Kuala Lumpur (SOUPMY)
OMVEP
C
50.00
50.00
Corporate & Other
ASOCIATIA ROMANA PENTRU RELATIA CU INVESTITORII,
Bucharest
PETROM
NC-I
20.00
20.00
Diramic Insurance Limited, Gibraltar
OMV AG
C
100.00
100.00
OMV Clearing und Treasury GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Services GmbH, Vienna (OFS)
SNO
C
100.00
100.00
OMV Finance Services NOK GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Solutions USD GmbH, Vienna
SNO
C
100.00
100.00
OMV Insurance Broker GmbH in Liqu., Vienna5
OMV AG
NC
100.00
100.00
OMV International Oil & Gas GmbH, Baar
OMV AG
C
100.00
100.00
OMV Petrom Global Solutions SRL, Bucharest
SNO
C
75.00
75.00
PETROM
25.00
25.00
OMV Solutions GmbH, Vienna (SNO)
OMV AG
C
100.00
100.00
PETROMED SOLUTIONS SRL, Bucharest
PETROM
C
100.00
100.00
Assigned to multiple segments9
C2PAT GmbH & Co KG, Vienna
BORAAG
AEJ
\u2014
25.00
OMVRM
\u2014
25.00
C2PAT GmbH, Vienna
BORAAG
AEJ
25.00
25.00
OMVRM
25.00
25.00
OMV Deutschland GmbH, Burghausen (OMVD)
OMVRM
C
90.00
90.00
OMV AG
10.00
10.00
OMV Deutschland Marketing & Trading GmbH & Co. KG,
Burghausen10
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Deutschland Operations GmbH & Co. KG, Burghausen
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Downstream GmbH, Vienna (OMVRM)
OMV AG
C
100.00
100.00
OMV PETROM SA, Bucharest (PETROM)
OMV AG
C
51.16
51.16
1 Type of consolidation:
C Consolidated subsidiary
AEA Associated companies accounted at-equity
AEJ Joint venture accounted at-equity
PC Joint operation; accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
NC-I Other not consolidated investment; associated companies and joint ventures of relatively little importance to the assets and earnings of the consolidated financial statements
NC Not-consolidated subsidiary; shell or distribution companies of relative insignificance individually and collectively to the consolidated financial statements
2 Incorporated in Wilmington
3 Economic share 100.00%
4 Type of consolidation was changed compared to 2022.
5 Company\u2019s legal name changed following the initiation of liquidation.
6 Despite majority interest not being fully consolidated, but accounted for at-equity due to absence of control.
7 Economic share 99.99%
8 Segment assignment was changed compared to 2022.
9 Assigned to the relevant segments in the segment reporting
10 In the 2023 financial year, OMV Deutschland Marketing & Trading GmbH & Co. KG made use of the exemption provision for the preparation of the annual financial statement and director\u2019s report, audit and disclosure pursuant to Section 264b\u00a0HGB in conjunction with Section 325\u00a0HGB. The company's exemption is mentioned in its notes and published in the Federal Gazette with reference to this provision and an indication of the parent company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-90": { "value": "OMV holds minority stakes in various equity-accounted investments, the most significant being the 15% participation in ADNOC Refining (United Arab Emirates) with an annual capacity of 7.1 mn t (OMV share).
7 Other operating income and net income from equity-accounted investments
Other operating income and net income from equity-accounted investments
In EUR mn
2023
2022
Foreign exchange gains from operating activities
200
298
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets
237
766
Residual other operating income
305
579
Other operating income
742
1,644
Income from equity-accounted investments
580
937
Expenses from equity-accounted investments
\u2013254
\u201368
Net income from equity-accounted investments
326
869
In addition, residual other operating income included storage income related to Erd\u00f6l-Lagergesellschaft m.b.H. of EUR\u00a042\u00a0mn (2022: EUR 34 mn).Income from equity-accounted investments was mainly impacted by the Abu Dhabi Oil Refining Company and the Borouge investments.
Impairments and write-ups in Fuels & Feedstock
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Residual other operating expenses contained expenses relating to various digitalization initiatives amounting to EUR 22 mn (2022: EUR 40 mn) as well as expenses related to minimum stockholding obligation outsourced to Erd\u00f6l-Lagergesellschaft m.b.H. in the amount of EUR 46 mn (2022: EUR 45 mn).
Material associates and joint ventures
Statement of comprehensive income \u2013 material associates
In EUR mn
2023
2022
Abu Dhabi Oil
Refining Company
Abu Dhabi Oil
Refining Company
Sales revenue
29,259
36,241
Net income for the year
1,187
2,054
Other comprehensive income
11
2
Total comprehensive income
1,198
2,056
Group\u2019s share of comprehensive income
180
308
Dividends received
206
116
Statement of financial position \u2013 material associates
In EUR mn
2023
2022
Abu Dhabi Oil
Refining Company
Abu Dhabi Oil
Refining Company
Non-current assets
16,216
17,084
Current assets
3,482
3,888
Non-current liabilities
5,636
6,363
Current liabilities
749
628
Equity
13,313
13,982
Group\u2019s share
1,997
2,097
OMV Group adjustments1
\u2013553
\u2013573
Carrying amount of investment
1,444
1,524
1 Related to impairment of investment
Carrying amount reconciliation
In EUR mn
2023
2022
Associate
Joint
Ventures
Associate
Joint
Ventures
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
Abu Dhabi
Oil Refining
Company
Borouge
investments
Bayport
Polymers LLC
January 1
1,524
4,030
674
1,181
4,061
688
Currency translation differences
\u201354
\u2013117
\u201322
83
248
44
Transfers
\u2014
\u2014
\u2014
\u2014
3372
\u2014
Additions and other changes
\u2014
\u2014
921
\u2014
\u2014
\u2014
Net income
178
281
\u2013158
308
400
\u201358
Write-ups (+)/Impairments (\u2013)
\u2014
\u2014
\u2014
67
\u2014
\u2014
Other comprehensive income
2
\u20131
\u2014
\u2014
7
\u2014
Disposals and other charges
\u2014
\u2014
\u2014
\u2014
\u20134303
\u2014
Dividends distributed
\u2013206
\u2013455
\u2014
\u2013116
\u2013592
\u2014
December 31
1,444
3,737
586
1,524
4,030
674
1 Refers to capital contribution.
2 Mainly comprises the direct share in PTE, which is part of Borouge investments and therefore included in the material joint ventures from 2022 onwards.
3 Refers to partial disposal of ADP and PTE as a result of ADX listing in 2022.
Individually immaterial associates and joint ventures
Furthermore, OMV has a 10% interest (2022: 10%) in Pearl Petroleum Company Limited, registered in Road Town, British Virgin Islands, which is involved in the exploration and production of hydrocarbons in the Kurdistan region of Iraq. According to the joint venture agreement OMV has significant influence within the meaning of IAS 28, as unanimous consent is required for some strategic decisions. Therefore, Pearl is accounted for using the equity method even though OMV\u2019s share is just 10%. In 2023, exploration & appraisal assets included in OMV\u2019s initial purchase price allocation of its share in Pearl were partly impaired.
In 2023, an impairment was recognized for the investment in BlueAlp Holding B.V. For further details please refer to Note 8 \u2013 Depreciation, Amortization, Impairments and Write-ups.
Statement of comprehensive income for individually immaterial associates and joint ventures \u2013 Group\u2019s share
In EUR mn
2023
2022
Associates
Joint ventures
Associates
Joint ventures
Sales revenue
5,797
360
5,889
461
Net income for the year
23
2
189
30
Other comprehensive income
\u2014
\u2014
0
\u20132
Total comprehensive income
23
2
190
27
Carrying amount reconciliation for individually immaterial associates and joint ventures
In EUR mn
2023
2022
Associates1
Joint ventures
Associates1
Joint ventures
January 1
568
498
541
416
Currency translation differences
\u201315
\u201333
\u20138
\u201313
Changes in the consolidated group2
7
\u2014
\u201389
\u2014
Transfers
\u2014
\u2014
\u2014
\u20133373
Additions and other changes
\u2014
2
24
4094
Net income
23
2
189
30
Impairments
\u201323
\u2014
\u2014
\u2014
Other comprehensive income
\u2014
\u2014
0
\u20132
Disposals and other changes
\u20131
\u20132
\u20131
\u2014
Dividends distributed
\u2013102
\u201323
\u201388
\u20135
December 31
458
443
568
498
1 Including associated companies accounted at-cost.
2 Changes in the consolidated group in 2022 represented the deconsolidation of OJSC Severneftegazprom.
3 Mainly comprises the transfer of the direct share in PTE, which is part of \u201cBorouge investments\u201d and therefore included in material joint ventures from 2022 onwards.
4 Refers mainly to the capital contribution to Borouge 4 LLC.
List of investments
List of subsidiaries, equity-accounted investments, and other investments of OMV Aktiengesellschaft with an interest of at least 20%
Parent
company
Type of
consoli-
dation1
Equity
interest
in % as of
December 31, 2023
Equity
interest
in % as of
December 31, 2022
Chemicals & Materials
AGRIPRODUITS S.A.S., Courbevoie (BAGRFR)
BCHIFR
NC
\u2014
100.00
AZOLOR S.A.S., Bras-sur-Meuse
BCHIFR
NC-I
\u2014
34.00
Bayport Polymers LLC, Pasadena2
BNOVUS
AEJ
50.00
50.00
BlueAlp Holding B.V., Groot-Ammers
BRENBE
AEA
21.25
Borealis AB, Stenungsund (BABSWE)
BSVSWE
C
100.00
100.00
Borealis AG, Vienna (BORAAG)
BHOLAT
C
39.00
39.00
OMVRM
32.67
32.67
OMV AG
3.33
3.33
Borealis Agrolinz Melamine Deutschland GmbH, Wittenberg
BORAAG
C
\u2014
100.00
Borealis Agrolinz Melamine GmbH, Linz (BAGMAT)
BORAAG
C
\u2014
100.00
Borealis Antwerpen N.V., Zwijndrecht
BPOBE
C
\u2014
90.00
BORAAG
100.00
10.00
Borealis Argentina SRL, Buenos Aires
BORAAG
NC
98.00
98.00
BSVSWE
2.00
2.00
BOREALIS ASIA LIMITED, Hong Kong
BORAAG
NC
100.00
100.00
Borealis BoNo Holdings LLC, Houston (BBNHUS)2
BUS
C
100.00
100.00
Borealis Brasil S.A., Itatiba
BORAAG
C
80.00
80.00
BOREALIS CHEMICALS ZA (PTY) LTD, Germiston
BORAAG
NC
100.00
100.00
Borealis Chile SpA, Santiago
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.R.L., Casablanca
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.S., Courbevoie (BCHIFR)
BFR
C
\u2014
100.00
Borealis Circular Solutions Holding GmbH, Vienna (BCIRC)
BORAAG
C
100.00
100.00
Borealis Colombia S.A.S., Bogota
BORAAG
NC
100.00
100.00
Borealis Compounds Inc., Houston (BCOMUS)
BUS
C
100.00
100.00
Borealis Denmark ApS, Copenhagen
BORAAG
NC
100.00
100.00
Borealis Digital Studio B.V., Zaventem
BORAAG
NC
100.00
90.00
BPOBE
\u2014
10.00
Borealis Financial Services N.V., Mechelen
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis France S.A.S., Courbevoie (BFR)
BORAAG
C
100.00
100.00
Borealis Group Services AS, Bamble
BABSWE
C
100.00
100.00
Borealis Insurance A/S (captive insurance company),
Copenhagen
BORAAG
C
100.00
100.00
Borealis ITALIA S.p.A., Monza
BORAAG
C
100.00
100.00
Borealis Kallo N.V., Kallo
BORAAG
C
100.00
0.06
BPOBE
\u2014
99.94
Borealis L.A.T Belgium B.V., Beringen
BLATAT
NC
\u2014
100.00
Borealis L.A.T Bulgaria EOOD, Sofia
BLATAT
NC
\u2014
100.00
Borealis L.A.T Czech Republic s.r.o., \u010cesk\u00e9 Bud\u011bjovice
BLATAT
NC
\u2014
100.00
Borealis L.A.T doo, Beograd, Belgrade
BLATAT
C
\u2014
100.00
Borealis L.A.T France S.A.S., Courbevoie
BFR
C
\u2014
100.00
Borealis L.A.T GmbH, Linz (BLATAT)
BORAAG
C
\u2014
100.00
Borealis L.A.T Greece Single Member P.C., Athens
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hrvatska d.o.o., Klisa
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hungary Kft., Budapest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Italia s.r.l., Milan
BORAAG
NC
\u2014
100.00
Borealis L.A.T Polska Sp. z o.o., Warsaw
BLATAT
NC
\u2014
100.00
Borealis L.A.T Romania s.r.l., Bucharest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Slovakia s.r.o., Chotin
BLATAT
NC
\u2014
100.00
Borealis M\u00e9xico, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BCOMUS
0.00
0.00
Borealis Middle East Holding GmbH, Vienna (BORMEH)
BORAAG
C
100.00
100.00
Borealis Plasticos, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BABSWE
\u2014
0.00
BCOMUS
0.00
Borealis Plastik ve Kimyasal Maddeler Ticaret Limited Sirketi,
Istanbul
BORAAG
NC
100.00
100.00
Borealis Plastomers B.V., Geleen
BORAAG
C
100.00
100.00
Borealis Poliolefinas da Am\u00e9rica do Sul Ltda., Itatiba
BORAAG
NC
99.99
99.99
BSVSWE
0.01
0.01
Borealis Polska Sp. z o.o., Warsaw
BORAAG
NC
100.00
100.00
Borealis Polymere GmbH, Burghausen (BPODE)
BORAAG
C
100.00
100.00
Borealis Polymers N.V., Beringen (BPOBE)
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis Polymers Oy, Porvoo
BORAAG
C
100.00
100.00
Borealis Polyolefine GmbH, Schwechat (BPOAT)
BORAAG
C
100.00
100.00
BSVSWE
0.00
0.00
Borealis Polyolefins d.o.o., Zagreb
BORAAG
NC
100.00
100.00
Borealis Polyolefins S.R.L., Bucharest
BORAAG
NC
100.00
100.00
Borealis Polyolefins s.r.o., Bratislava
BORAAG
NC
100.00
100.00
Borealis Produits et Engrais Chimiques du Rhin S.A.S.,
Ottmarsheim
BFR
C
\u2014
100.00
Borealis Qu\u00edmica Espa\u00f1a S.A., Barcelona
BORAAG
C
100.00
100.00
Borealis RUS LLC, Moscow
BORAAG
NC
100.00
100.00
Borealis s.r.o., Prague
BORAAG
NC
100.00
100.00
Borealis Services S.A.S., Paris
BFR
NC
100.00
100.00
Borealis Sverige AB, Stenungsund (BSVSWE)
BORAAG
C
100.00
100.00
Borealis Technology Oy, Porvoo
BORAAG
C
100.00
100.00
BOREALIS UK LTD, Manchester
BORAAG
C
100.00
100.00
Borealis USA Inc., Houston (BUS)
BORAAG
C
100.00
100.00
Borouge 4 LLC, Abu Dhabi
BORMEH
AEJ
40.00
40.00
Borouge PLC, Abu Dhabi (BOROLC)
BORMEH
AEJ
36.00
36.00
Borouge Pte. Ltd., Singapore
BOROLC
AEJ
84.75
84.75
BORMEH
15.25
15.25
Chemiepark Linz Betriebsfeuerwehr GmbH, Linz
BAGMAT
NC-I
\u2014
47.50
Circular Feedstock Walld\u00fcrn GmbH, Walld\u00fcrn3
OMVD
C
89.90
DYM SOLUTION CO., LTD, Cheonan
BORAAG
C
100.00
99.75
Ecoplast Kunststoffrecycling GmbH, Wildon
BORAAG
C
100.00
100.00
EPS Ethylen-Pipeline-S\u00fcd Gesch\u00e4ftsf\u00fchrungs GmbH, Munich
OMVD
NC-I
15.46
15.46
BPODE
7.73
7.73
EPS Ethylen-Pipeline-S\u00fcd GmbH & Co KG, Munich
OMVD
AEA
20.66
20.66
BPODE
10.33
10.33
Etenf\u00f6rs\u00f6rjning i Stenungsund AB, Stenungsund
BABSWE
C
80.00
80.00
Feboran EOOD, Sofia (BFEBGR)
BORAAG
C
\u2014
100.00
Franciade Agrifluides S.A.S. (FASA), Blois
BCHIFR
NC-I
\u2014
40.00
BAGRFR
\u2014
9.98
Hallbar Kemi i Stenungsund, Stenungsund
BABSWE
NC-I
20.00
20.00
Industrins R\u00e4ddningstj\u00e4nst i Stenungsund AB, Stenungsund
BABSWE
NC-I
25.00
25.00
KB Munker\u00f6d 1:72, Stenungsund
BABSWE
NC
100.00
100.00
BSVSWE
0.00
0.00
Kilpilahden Voimalaitos Oy, Porvoo4
BORAAG
AEA
20.00
20.00
mtm compact GmbH, Niedergebra
BORAAG
C
100.00
100.00
mtm plastics GmbH, Niedergebra
BORAAG
C
100.00
100.00
Neochim AD, Dimitrovgrad
BFEBGR
AEA
\u2014
20.30
Novealis Holdings LLC, Houston (BNOVUS)
BBNHUS
C
50.00
50.00
BSBHUS
50.00
50.00
OMV Borealis Holding GmbH, Vienna (BHOLAT)
OMVRM
C
100.00
100.00
Petrogas International B.V., Eindhoven
BRENBE
AEA
25.00
PetroPort Holding AB, Stenungsund
BABSWE
AEJ
50.00
50.00
Recelerate GmbH, Herborn
BORAAG
NC-I
50.00
50.00
Renasci N.V., Ostend (BRENBE)4
BCIRC
C
98.56
27.42
Renasci Oostende Holding N.V., Ostend (BRHOBE)
BRENBE
C
100.00
Renasci Oostende Recycling N.V., Ostend
BRHOBE
C
100.00
Renasci Oostende SCP N.V., Ostend
BRHOBE
C
100.00
Rialti S.p.A., Taino
BORAAG
C
100.00
Rosier France S.A.S., Arras
BROSBE
C
\u2014
100.00
Rosier Nederland B.V., Sas van Gent
BROSBE
C
\u2014
100.00
Rosier S.A., Moustier (BROSBE)
BORAAG
C
\u2014
98.09
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole Laignes Agrifluides (SICA Laignes Agrifluides), Mon\u00e9teau
BCHIFR
NC-I
\u2014
39.97
BAGRFR
\u2014
9.93
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole par Actions Simplifi\u00e9e
de Gouaix (SICA de Gouaix), Paris
BCHIFR
NC-I
\u2014
25.00
BLATAT
\u2014
0.00
Star Bridge Holdings LLC, Port Murray (BSBHUS)2
BUS
C
100.00
100.00
STOCKAM G.I.E., Grand-Quevilly
BCHIFR
NC
\u2014
99.00
BAGRFR
\u2014
1.00
Fuels & Feedstock
Abu Dhabi Oil Refining Company, Abu Dhabi
OMVRM
AEA
15.00
15.00
Abu Dhabi Petroleum Investments LLC, Abu Dhabi (ADPINV)
OMVRM
AEJ
25.00
25.00
ADNOC Global Trading LTD, Abu Dhabi
OMVRM
AEA
15.00
15.00
Aircraft Refuelling Company GmbH, Vienna
OMVRM
NC-I
33.33
33.33
Autobahn - Betriebe Gesellschaft m.b.H., Vienna
OMVRM
NC-I
47.19
47.19
Avanti Deutschland GmbH, Berchtesgaden
OMVRM
C
\u2014
100.00
BSP Bratislava-Schwechat Pipeline GmbH in Liqu., Vienna5
OMVRM
NC-I
26.00
26.00
BTF Industriepark Schwechat GmbH, Schwechat
BPOAT
NC
50.00
50.00
OMVRM
50.00
50.00
Deutsche Transalpine Oelleitung GmbH, Munich
OMVD
AEA
32.26
32.26
DUNAT\u00c0R K\u00f6olajterm\u00e9k T\u00e1rol\u00f3 \u00e9s Kereskedelmi Kft., Budapest
OHUN
C
100.00
100.00
Erd\u00f6l-Lagergesellschaft m.b.H., Lannach6
OMVRM
AEA
55.60
55.60
GENOL Gesellschaft m.b.H., Korneuburg
OMVRM
AEA
29.00
29.00
KSW Beteiligungsgesellschaft m.b.H., Vienna (SWJS)
OMVRM
NC
\u2014
100.00
KSW Elektro- und Industrieanlagenbau Gesellschaft m.b.H.,
Feldkirch
SWJS
NC-I
\u2014
25.10
OMV - International Services Ges.m.b.H., Vienna
OMVRM
C
100.00
100.00
OMV BULGARIA OOD, Sofia
PETROM
C
99.90
99.90
OMVRM
0.10
0.10
OMV \u010cesk\u00e1 republika, s.r.o., Prague
OMVRM
C
100.00
100.00
OMV Deutschland Services GmbH, Burghausen (OMVDS)
OMVD
C
100.00
100.00
OMV Hung\u00e1ria \u00c1sv\u00e1nyolaj Korl\u00e1tolt Felel\u00f6ss\u00e9g\u00fc T\u00e1rsas\u00e1g,
Budapest (OHUN)
OMVRM
C
100.00
100.00
OMV PETROM Aviation S.R.L., Otopeni
PETROM
C
100.00
100.00
ROMAN
0.00
0.00
OMV Petrom Biofuels SRL, Bucharest
PETROM
C
25.00
75.00
OMVRM
75.00
25.00
OMV PETROM MARKETING SRL, Bucharest (ROMAN)
PETROM
C
100.00
100.00
OMV Refining & Marketing Middle East & Asia GmbH, Vienna
OMVRM
C
100.00
100.00
OMV Renewable Fuels & Feedstock B.V., Beveren
OMVRM
C
100.00
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.,
Koper
OMVRM
C
\u2014
92.25
OMV Slovensko s.r.o., Bratislava
OMVRM
C
99.96
99.96
OMV SRBIJA d.o.o., Belgrade
PETROM
C
99.96
99.96
OMVRM
0.04
0.04
OMV Supply & Trading Italia S.r.l., Trieste
OMVRM
C
100.00
100.00
OMV Supply & Trading Limited, London (OTRAD)
OMVRM
C
100.00
100.00
OMV Supply & Trading Singapore PTE LTD., Singapore
OTRAD
NC
100.00
100.00
OMV Switzerland Holding AG, Zug4
OGI
NC
100.00
100.00
Pak-Arab Refinery Limited, Karachi
ADPINV
AEJ
40.00
40.00
Petrom-Moldova S.R.L., Chisinau
PETROM
C
100.00
100.00
Routex B.V., Amsterdam
OMVRM
NC-I
20.00
20.00
Salzburg Fuelling GmbH, Salzburg4
OMVRM
NC-I
50.00
33.33
Societ\u00e0 Italiana per l'Oleodotto Transalpino S.p.A., Trieste
OMVRM
AEA
32.26
32.26
SuperShop Marketing Korl\u00e1tolt Felel\u0151ss\u00e9g\u0171 T\u00e1rsas\u00e1g, Budapest
OHUN
NC-I
50.00
50.00
TGN Tankdienst-Gesellschaft N\u00fcrnberg GbR, Nuremberg
OMVD
NC-I
33.33
33.33
Transalpine \u00d6lleitung in \u00d6sterreich Gesellschaft m.b.H.,
Matrei in Osttirol
OMVRM
AEA
32.26
32.26
Energy
Central European Gas Hub AG, Vienna (HUB)
OGI
C
65.00
65.00
Deeep Tiefengeothermie GmbH, Vienna
OGEO
PC
49.00
EEX CEGH Gas Exchange Services GmbH, Vienna
HUB
AEA
49.00
49.00
Energy Infrastructure Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Holdings Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Investments Limited, Wellington
NZEA
C
100.00
100.00
Freya Bunde-Etzel GmbH & Co. KG, Bonn
OGSG
AEA
39.99
39.99
JSC GAZPROM YRGM Development, St. Petersburg7
OMVEP
NC-I
\u2014
\u2014
OJSC Severneftegazprom, Krasnoselkup
OMVEP
NC-I
24.99
24.99
OMV (Berenty) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (IRAN) onshore Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (Mandabe) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (NAMIBIA) Exploration GmbH, Vienna
ONAFRU
NC
100.00
100.00
OMV (NORGE) AS, Stavanger (ONOR)
OMVEP
C
100.00
100.00
OMV (Tunesien) Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (TUNESIEN) Sidi Mansour GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (Yemen Block S 2) Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (YEMEN) Al Mabar Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (YEMEN) South Sanau Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi E&P GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi Offshore GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Abu Dhabi Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV AUSTRALIA PTY LTD, Perth (OAUST)
OMV AG
C
100.00
100.00
OMV Austria Exploration & Production GmbH, Vienna (OEPA)
OMVEP
C
100.00
100.00
OMV Austria Geothermal GmbH, Vienna (OGEO)
OGREEN
C
100.00
100.00
OMV Barrow Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beagle Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beteiligungsverwaltungs GmbH, Vienna
OMV AG
NC
100.00
100.00
OMV Bina Bawi GmbH, Vienna
PETEX
NC
100.00
100.00
OMV Block 70 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Croatia Geothermal GmbH, Vienna
OGREEN
NC
100.00
OMV East Abu Dhabi Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Enerji Ticaret Anonim \u015eirketi, Istanbul8
OMVRM
C
100.00
100.00
OMV Exploration & Production GmbH, Vienna (OMVEP)
OMV AG
C
100.00
100.00
OMV EXPLORATION & PRODUCTION LIMITED, Douglas
OMVEP
NC
\u2014
100.00
OMV Gas Logistics Holding GmbH, Vienna (OGI)
OMV AG
C
100.00
100.00
OMV Gas Marketing & Trading Belgium, Brussels
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Deutschland GmbH, Dusseldorf
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading GmbH, Vienna (ECOGAS)
OMVRM
C
100.00
100.00
OMV Gas Marketing & Trading Hung\u00e1ria Kft., Budapest
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Italia S.r.l., Milan
ECOGAS
NC
100.00
100.00
OMV Gas Marketing Trading & Finance B.V., Amsterdam
OFS
C
100.00
100.00
OMV Gas Storage Germany GmbH, Cologne (OGSG)
OMVDS
C
100.00
100.00
OMV Gas Storage GmbH, Vienna
OGI
C
100.00
100.00
OMV Gaz Iletim A.S., Istanbul8
OMVRM
C
100.00
100.00
OMV Green Energy GmbH, Vienna (OGREEN)
OMVEP
C
100.00
100.00
OMV Jardan Block 3 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Maurice Energy GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Middle East & Africa GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Myrre Block 86 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV New Zealand Limited, Wellington (NZEA)
OMVEP
C
100.00
100.00
OMV NZ Production Limited, Wellington
NZEA
C
100.00
100.00
OMV OF LIBYA LIMITED, Douglas
OMVEP
C
100.00
100.00
OMV Offshore (Namibia) GmbH, Vienna (ONAFRU)
OMVEP
NC
100.00
100.00
OMV Offshore Bulgaria GmbH, Vienna
PETROM
C
100.00
100.00
OMV Offshore Morondava GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil and Gas Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Oil Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Orient Hydrocarbon GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Orient Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Petroleum Exploration GmbH, Vienna (PETEX)
OMVEP
NC
100.00
100.00
OMV Petroleum Pty Ltd, Perth
NZEA
NC
100.00
100.00
OMV PETROM E&P BULGARIA S.R.L., Bucharest
PETROM
C
100.00
100.00
OMV Petrom Energy Solution SRL, Bucharest
PETROM
NC
100.00
OMV PETROM GEORGIA LLC, Tbilisi
PETROM
C
100.00
100.00
OMV Proterra GmbH, Vienna
OEPA
NC
100.00
100.00
OMV Russia Upstream GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Upstream International GmbH, Vienna (OUPI)
OMVEP
C
100.00
100.00
Pearl Petroleum Company Limited, Road Town
OUPI
AEA
10.00
10.00
PEI Venezuela Gesellschaft mit beschr\u00e4nkter Haftung,
Burghausen
OMVEP
NC
100.00
100.00
PETROM EXPLORATION & PRODUCTION LIMITED, Douglas
PETROM
NC
100.00
99.99
POSEIDON EXL 005 ANS, Lysaker
ONOR
PC
50.00
Preussag Energie International GmbH, Burghausen4
OMVEP
NC
100.00
100.00
S. PARC FOTOVOLTAIC ISALNITA S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC ROVINARI EST S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC TISMANA 1 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. SOLARIST TISMANA 2 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
SapuraOMV Block 30, S. de R.L. de C.V., Mexico City
SEUPMY
C
99.00
99.00
SEMXMY
1.00
1.00
SapuraOMV Upstream (Americas) Sdn. Bhd., Kuala Lumpur (SEAMMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Australia) Sdn. Bhd., Kuala Lumpur (SEAUMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Holding) Sdn. Bhd., Kuala Lumpur (SEUPMY)
SOUPMY
C
100.00
100.00
SAPURAOMV UPSTREAM (MALAYSIA) SDN. BHD.,
Kuala Lumpur
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Mexico) Sdn. Bhd., Kuala Lumpur (SEMXMY)
SEAMMY
C
100.00
100.00
SapuraOMV Upstream (NZ) Sdn. Bhd., Kuala Lumpur (SENZMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Oceania) Sdn. Bhd., Kuala Lumpur (SEOCMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Sarawak) Inc., Nassau
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Western Australia) Pty Ltd, Perth
SEAUMY
C
100.00
100.00
SapuraOMV Upstream JV Sdn. Bhd., Kuala Lumpur
SENZMY
NC
100.00
100.00
SapuraOMV Upstream Sdn. Bhd., Kuala Lumpur (SOUPMY)
OMVEP
C
50.00
50.00
Corporate & Other
ASOCIATIA ROMANA PENTRU RELATIA CU INVESTITORII,
Bucharest
PETROM
NC-I
20.00
20.00
Diramic Insurance Limited, Gibraltar
OMV AG
C
100.00
100.00
OMV Clearing und Treasury GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Services GmbH, Vienna (OFS)
SNO
C
100.00
100.00
OMV Finance Services NOK GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Solutions USD GmbH, Vienna
SNO
C
100.00
100.00
OMV Insurance Broker GmbH in Liqu., Vienna5
OMV AG
NC
100.00
100.00
OMV International Oil & Gas GmbH, Baar
OMV AG
C
100.00
100.00
OMV Petrom Global Solutions SRL, Bucharest
SNO
C
75.00
75.00
PETROM
25.00
25.00
OMV Solutions GmbH, Vienna (SNO)
OMV AG
C
100.00
100.00
PETROMED SOLUTIONS SRL, Bucharest
PETROM
C
100.00
100.00
Assigned to multiple segments9
C2PAT GmbH & Co KG, Vienna
BORAAG
AEJ
\u2014
25.00
OMVRM
\u2014
25.00
C2PAT GmbH, Vienna
BORAAG
AEJ
25.00
25.00
OMVRM
25.00
25.00
OMV Deutschland GmbH, Burghausen (OMVD)
OMVRM
C
90.00
90.00
OMV AG
10.00
10.00
OMV Deutschland Marketing & Trading GmbH & Co. KG,
Burghausen10
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Deutschland Operations GmbH & Co. KG, Burghausen
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Downstream GmbH, Vienna (OMVRM)
OMV AG
C
100.00
100.00
OMV PETROM SA, Bucharest (PETROM)
OMV AG
C
51.16
51.16
1 Type of consolidation:
C Consolidated subsidiary
AEA Associated companies accounted at-equity
AEJ Joint venture accounted at-equity
PC Joint operation; accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
NC-I Other not consolidated investment; associated companies and joint ventures of relatively little importance to the assets and earnings of the consolidated financial statements
NC Not-consolidated subsidiary; shell or distribution companies of relative insignificance individually and collectively to the consolidated financial statements
2 Incorporated in Wilmington
3 Economic share 100.00%
4 Type of consolidation was changed compared to 2022.
5 Company\u2019s legal name changed following the initiation of liquidation.
6 Despite majority interest not being fully consolidated, but accounted for at-equity due to absence of control.
7 Economic share 99.99%
8 Segment assignment was changed compared to 2022.
9 Assigned to the relevant segments in the segment reporting
10 In the 2023 financial year, OMV Deutschland Marketing & Trading GmbH & Co. KG made use of the exemption provision for the preparation of the annual financial statement and director\u2019s report, audit and disclosure pursuant to Section 264b\u00a0HGB in conjunction with Section 325\u00a0HGB. The company's exemption is mentioned in its notes and published in the Federal Gazette with reference to this provision and an indication of the parent company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-91": { "value": "
The disclosure of special items is considered appropriate in order to facilitate analysis of ordinary business performance. To reflect comparable figures, certain items affecting the result are added back or deducted. These items can be divided into four subcategories: personnel restructuring, unscheduled depreciation and write-ups, asset disposals, and other.
Furthermore, to enable effective performance management in an environment of volatile prices and comparability with peers, the CCS effect is eliminated from the accounting result. The CCS effect, also called inventory holding gains and losses, is the difference between the cost of sales calculated using the current cost of supply, and the cost of sales calculated using the weighted average method after adjusting for any changes in valuation allowances. In volatile energy markets, measuring of the costs of petroleum products sold based on historical values (e.g. weighted average cost) can have distorting effects on reported results. This performance measurement enhances the transparency of results and is commonly used in the oil industry. OMV, therefore, publishes this measure in addition to the Operating Result determined according to IFRS.
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-92": { "value": "
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
Depreciation, amortization, impairments (excluding exploration & appraisal) and write-ups
In EUR mn
2023
2022
Depreciation and amortization
2,439
2,474
Write-ups
\u2013189
\u2013660
Impairment losses (excl. exploration & appraisal)
213
670
Depreciation, amortization, impairment losses (excluding exploration & appraisal) and write-ups
2,463
2,484
Depreciation, amortization, impairments and write-ups \u2013 split by function
In EUR mn
2023
2022
Depreciation and amortization
2,439
2,474
attributable to exploration expenses
\u2014
\u2014
attributable to production and operating expenses
2,152
2,200
attributable to selling, distribution and administrative expenses
287
274
Write-ups
\u2013189
\u2013660
attributable to exploration expenses
\u20131
\u2014
attributable to production and operating expenses
\u2013116
\u2013660
attributable to selling, distribution and administrative expenses
\u201372
\u20130
Impairment losses (incl. exploration & appraisal)
365
853
attributable to exploration expenses
158
183
attributable to production and operating expenses
203
660
attributable to selling, distribution and administrative expenses
4
10
Intangible assets
In EUR mn
Concessions,
software,
licenses,
rights
Development costs
Oil and gas
assets
with unproved
reserves
Goodwill
Total
2023
Development of costs
January 1
1,330
572
1,811
585
4,298
Currency translation differences
\u20133
\u20130
\u201328
\u201317
\u201348
Changes in the consolidated group
28
\u2014
\u2014
21
49
Additions
39
112
201
\u2014
352
Transfers
20
14
\u2013583
\u2014
\u2013549
Assets held for sale
\u20130
\u2014
\u2013243
\u2013205
\u2013448
Disposals
\u201328
\u20133
\u2013195
\u2014
\u2013225
December 31
1,385
695
963
384
3,428
Development of amortization
January 1
769
86
934
\u2014
1,788
Currency translation differences
\u20132
\u2014
\u201321
\u2014
\u201323
Amortization
93
34
0
\u2014
127
Impairments
11
3
158
\u2014
171
Transfers
\u20130
\u2014
\u201314
\u2014
\u201314
Assets held for sale
\u20130
\u2014
\u2013173
\u2014
\u2013173
Disposals
\u201329
\u20133
\u2013195
\u2014
\u2013227
Write-ups
\u2014
\u2014
\u20131
\u2014
\u20131
December 31
842
119
688
\u2014
1,649
Carrying amount January 1
562
486
878
585
2,510
Carrying amount December 31
543
576
275
384
1,779
2022
Development of costs
January 1
2,199
464
1,876
562
5,101
Currency translation differences
\u2013236
\u2014
36
28
\u2013172
Changes in the consolidated group
\u2013662
\u2014
\u201336
\u2014
\u2013699
Additions
31
110
172
\u2014
313
Transfers
5
\u2014
\u2013141
\u2014
\u2013136
Assets held for sale
\u20130
\u2014
27
\u2014
27
Disposals
\u20136
\u20132
\u2013122
\u20136
\u2013136
December 31
1,330
572
1,811
585
4,298
Development of amortization
January 1
979
52
909
\u2014
1,940
Currency translation differences
\u201385
\u20130
25
\u2014
\u201360
Changes in the consolidated group
\u2013234
\u2014
\u201336
\u2014
\u2013270
Amortization
108
31
0
\u2014
140
Impairments
6
3
179
\u2014
189
Transfers
\u20130
\u2014
\u201324
\u2014
\u201324
Assets held for sale
\u20131
\u2014
1
\u2014
\u20130
Disposals
\u20135
\u20131
\u2013121
\u2014
\u2013127
December 31
769
86
934
\u2014
1,788
Carrying amount January 1
1,220
411
967
562
3,161
Carrying amount December 31
562
486
878
585
2,510
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings,
and
equipment
Assets
under construction
Total
2023
Development of costs
January 1
3,512
26,549
12,002
2,043
2,061
46,168
Currency translation differences
\u20139
\u2013700
\u201321
\u20134
\u20135
\u2013738
Changes in the consolidated group
11
\u2014
53
2
12
78
Additions
143
1,265
491
95
1,389
3,383
New obligations and change in estimates for decommissioning
4
309
12
0
\u2014
326
Transfers
\u201333
592
848
121
\u2013969
559
Assets held for sale
\u20136
\u20131,431
0
\u20130
\u20138
\u20131,444
Disposals
\u201318
\u2013160
\u2013195
\u201379
\u20132
\u2013454
December 31
3,606
26,425
13,191
2,178
2,479
47,878
Development of depreciation
January 1
1,805
17,205
6,378
1,457
6
26,851
Currency translation differences
\u20135
\u2013467
\u20136
\u20133
0
\u2013480
Changes in the consolidated group
\u20131
\u2014
\u20134
\u20130
\u2014
\u20135
Depreciation
159
1,330
674
150
\u2014
2,314
Impairments
0
59
29
1
12
101
Transfers
\u201337
16
34
2
\u2014
14
Assets held for sale
\u20136
\u2013370
\u2014
\u20130
\u20133
\u2013380
Disposals
\u201313
\u2013158
\u2013191
\u201367
\u20131
\u2013429
Write-ups
\u20132
\u2013116
\u201370
\u20130
\u2014
\u2013188
December 31
1,900
17,498
6,844
1,540
15
27,798
Carrying amount January 1
1,706
9,344
5,624
586
2,055
19,317
Carrying amount December 31
1,705
8,927
6,347
637
2,464
20,081
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings
and
equipment
Assets
under construction
Total
2022
Development of costs
January 1
3,398
25,042
11,254
1,989
1,511
43,195
Currency translation differences
\u201317
174
\u2013169
\u20133
\u20134
\u201320
Additions
111
1,244
678
51
1,268
3,352
New obligations and change in estimates for decommissioning
4
\u201374
\u201321
0
\u2014
\u201390
Transfers
69
127
539
88
\u2013690
133
Assets held for sale
\u201318
236
\u201359
\u201312
\u201310
136
Disposals
\u201335
\u2013200
\u2013220
\u201368
\u201313
\u2013537
December 31
3,512
26,549
12,002
2,043
2,061
46,168
Development of depreciation
January 1
1,698
15,451
6,085
1,383
8
24,626
Currency translation differences
\u20138
18
\u2013106
\u20133
0
\u201398
Depreciation
138
1,390
671
144
\u2014
2,342
Impairments
6
595
8
2
8
619
Transfers
1
22
\u20138
6
2
24
Assets held for sale
\u20136
241
\u201355
\u20139
\u20131
170
Disposals
\u201324
\u2013195
\u2013211
\u201366
\u20139
\u2013505
Write-ups
\u20130
\u2013317
\u20137
\u2014
\u20132
\u2013327
December 31
1,805
17,205
6,378
1,457
6
26,851
Carrying amount January 1
1,700
9,591
5,169
606
1,503
18,569
Carrying amount December 31
1,706
9,344
5,624
586
2,055
19,317
Right-of-use assets recognized under IFRS 16
In EUR mn
Land and
buildings
Plant and
machinery
Other
fixtures,
fittings
and
equipment
Total
2023
January 1
581
504
149
1,233
Changes in the consolidated group1
\u2014
29
\u2014
29
Additions
123
80
81
283
Depreciation
\u201382
\u201325
\u201369
\u2013176
Other movements
\u201366
105
\u201311
27
December 31
556
692
149
1,397
2022
January 1
555
42
174
771
Additions
102
498
40
640
Depreciation
\u201363
\u201335
\u201364
\u2013162
Other movements
\u201313
\u20131
\u20132
\u201316
December 31
581
504
149
1,233
1 Mainly from the change in the consolidation method of Renasci N.V.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-93": { "value": "
Segment reporting\u00a0
In EUR mn
2023
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
9,650
20,186
17,038
471
47,346
\u20137,883
39,463
Intersegmental sales
\u20131,305
\u20132,433
\u20133,694
\u2013451
\u20137,883
7,883
\u2014
Sales to third parties
8,345
17,753
13,344
20
39,463
\u2014
39,463
Other operating income
129
336
208
69
742
\u2014
742
Net income from equity-accounted investments
101
296
\u201371
\u2014
326
\u2014
326
Depreciation and amortization
541
425
1,434
40
2,439
\u2014
2,439
Impairment losses (incl. exploration
& appraisal)
126
7
231
1
365
\u2014
365
Write-ups
\u2014
\u2014
189
0
189
\u2014
189
Operating Result
\u2013120
1,671
3,771
\u201365
5,257
\u201331
5,226
Special items for personnel restructuring
5
0
\u2014
\u2014
6
\u2014
6
Special items for unscheduled depreciation and write-ups
135
\u2014
\u201391
\u2014
44
\u2014
44
Special items for asset disposal
12
\u2013221
\u2014
\u2014
\u2013208
\u2014
\u2013208
Other special items
62
74
677
14
827
\u2014
827
Special items
214
\u2013146
586
14
668
\u2014
668
Clean Operating Result
94
1,525
4,357
\u201351
5,925
\u201331
5,894
CCS effect
\u2014
126
\u2014
\u2014
126
4
130
Clean CCS Operating Result
94
1,651
4,357
\u201351
6,050
\u201327
6,024
Segment assets2
6,618
4,508
10,488
246
21,859
\u2014
21,859
Additions to PPE/IA3
1,110
986
1,585
54
3,736
\u2014
3,736
Equity-accounted investments4
4,747
1,655
266
\u2014
6,668
\u2014
6,668
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Excluding assets held for sale
Segment reporting information from earlier periods has been adjusted consequently to comply with IFRS 8.29. The tables below depict the segment reporting information as restated after the reorganization and as reported in 2022:
Segment reporting
In EUR mn
2022 restated
C&M
F&F
Energy
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
22,382
35,256
424
71,512
\u20139,214
62,298
Intersegmental sales
\u20131,181
\u20132,525
\u20135,101
\u2013407
\u20139,214
9,214
\u2014
Sales to third parties
12,269
19,857
30,155
17
62,298
\u2014
62,298
Other operating income
548
702
336
58
1,644
\u2014
1,644
Net income from equity-accounted
investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
396
1,504
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
14
826
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
2,438
7,890
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
28
\u2013142
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013426
111
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,012
8,001
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
1,810
8,001
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
3,954
11,675
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
805
1,533
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets.
4 Not including assets held for sale
Segment reporting\u00a0
In EUR mn
2022 reported
C&M
R&M
E&P
C&O
Total
Consoli-dation
OMV
Group
Sales revenues1
13,450
28,634
30,857
424
73,365
\u201311,067
62,298
Intersegmental sales
\u20131,181
\u20132,818
\u20136,661
\u2013407
\u201311,067
11,067
\u2014
Sales to third parties
12,269
25,816
24,197
17
62,298
\u2014
62,298
Other operating income
548
857
181
58
1,644
\u2014
1,644
Net income from equity-accounted investments
332
477
60
\u2014
869
\u2014
869
Depreciation and amortization
533
422
1,478
41
2,474
\u2014
2,474
Impairment losses (incl. exploration
& appraisal)
7
15
825
7
853
\u2014
853
Write-ups
266
68
327
\u2014
660
\u2014
660
Operating Result
2,039
3,392
6,936
\u201386
12,281
\u201335
12,246
Special items for personnel restructuring
\u2014
2
1
4
8
\u2014
8
Special items for unscheduled depreciation and write-ups
\u2013263
\u201347
252
\u2014
\u201358
\u2014
\u201358
Special items for asset disposal
\u2013315
\u2013409
\u2014
\u2014
\u2013724
\u2014
\u2013724
Other special items
\u20134
\u2013321
207
31
\u201387
\u2014
\u201387
Special items
\u2013582
\u2013774
460
36
\u2013861
\u2014
\u2013861
Clean Operating Result
1,457
2,618
7,396
\u201350
11,420
\u201335
11,385
CCS effect
\u2014
\u2013202
\u2014
\u2014
\u2013202
\u20138
\u2013210
Clean CCS Operating Result
1,457
2,415
7,396
\u201350
11,218
\u201343
11,175
Segment assets2
5,964
4,223
11,407
234
21,826
\u2014
21,826
Additions to PPE/IA3
1,285
826
1,512
41
3,664
\u2014
3,664
Equity-accounted investments4
5,179
1,765
350
\u2014
7,294
\u2014
7,294
1 Including intersegmental sales
2 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale.
3 Excluding additions to assets reclassified to held for sale and additions to decommissioning assets
4 Not including assets held for sale
Information on geographical areas
In EUR mn
2023
2022
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Austria
9,097
4,918
13
14,911
4,365
16
Belgium
814
2,384
29
987
1,950
45
Germany
6,302
1,301
30
14,102
1,200
31
New Zealand
451
676
\u2014
598
864
\u2014
Norway
1,045
1,056
\u2014
1,584
1,219
\u2014
Romania
6,728
6,013
\u2014
10,149
5,437
\u2014
United Arab Emirates
1,459
1,682
5,638
1,644
1,677
6,073
Rest of CEE3
5,677
568
\u2014
7,548
554
\u2014
Rest of Europe
5,545
1,859
24
7,454
1,848
22
Rest of the world4
2,344
1,072
934
3,322
2,162
1,107
Allocated
39,463
21,529
6,668
62,298
21,274
7,294
Unallocated assets
\u2014
330
\u2014
\u2014
552
\u2014
Total
39,463
21,859
6,668
62,298
21,826
7,294
1 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
2 Equity-accounted investments are allocated based on the seat of the registered office of the parent company, not including assets held for sale.
3 Including T\u00fcrkiye
4 Rest of the world: principally Algeria, Argentina, Brazil, Canada, Chile, China, Colombia, Cuba, Egypt, India, Libya, Malaysia, Mexico, Morocco, Nigeria, Peru,
Qatar, Russia (only until February 2022), Saudi Arabia, South Africa, South Korea, Tunisia, United States of America, and Yemen
6 Sales revenues
Sales revenues
In EUR mn
2023
2022
Revenues from contracts with customers
37,451
53,827
Revenues from other sources1
2,012
8,472
Sales revenues
39,463
62,298
1 The decrease in revenues from other sources is mainly driven by commodity trading transactions.
Revenues from contracts with customers
In EUR mn
Chemicals & Materials
Fuels & Feedstock
Energy
Corporate &
Other
OMV
Group
2023
Crude oil, NGL, and condensates
\u2014
508
1,050
\u2014
1,558
Natural gas and LNG
\u2014
4
10,947
\u2014
10,950
Fuel, heating oil, and other refining products
\u2014
14,928
\u2014
\u2014
14,928
Chemical products
8,193
40
\u2014
\u2014
8,233
Other goods and services1
135
872
756
18
1,782
Revenues from contracts with customers
8,329
16,351
12,753
18
37,451
2022
Crude oil, NGL, and condensates
\u2014
860
1,519
\u2014
2,379
Natural gas and LNG
\u2014
4
19,905
\u2014
19,909
Fuel, heating oil, and other refining products
\u2014
16,390
\u2014
\u2014
16,390
Chemical products
12,160
54
\u2014
\u2014
12,214
Other goods and services1
126
977
1,817
16
2,935
Revenues from contracts with customers
12,286
18,285
23,240
16
53,827
1 Mainly retail non-oil business in Fuels & Feedstock and power sales in Energy
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-94": { "value": "
Information on geographical areas
In EUR mn
2023
2022
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Sales to third parties
Segment
assets1
Equity-
accounted
investments2
Austria
9,097
4,918
13
14,911
4,365
16
Belgium
814
2,384
29
987
1,950
45
Germany
6,302
1,301
30
14,102
1,200
31
New Zealand
451
676
\u2014
598
864
\u2014
Norway
1,045
1,056
\u2014
1,584
1,219
\u2014
Romania
6,728
6,013
\u2014
10,149
5,437
\u2014
United Arab Emirates
1,459
1,682
5,638
1,644
1,677
6,073
Rest of CEE3
5,677
568
\u2014
7,548
554
\u2014
Rest of Europe
5,545
1,859
24
7,454
1,848
22
Rest of the world4
2,344
1,072
934
3,322
2,162
1,107
Allocated
39,463
21,529
6,668
62,298
21,274
7,294
Unallocated assets
\u2014
330
\u2014
\u2014
552
\u2014
Total
39,463
21,859
6,668
62,298
21,826
7,294
1 Property, plant and equipment (PPE), intangible assets (IA), not including assets reclassified to assets held for sale
2 Equity-accounted investments are allocated based on the seat of the registered office of the parent company, not including assets held for sale.
3 Including T\u00fcrkiye
4 Rest of the world: principally Algeria, Argentina, Brazil, Canada, Chile, China, Colombia, Cuba, Egypt, India, Libya, Malaysia, Mexico, Morocco, Nigeria, Peru,
Qatar, Russia (only until February 2022), Saudi Arabia, South Africa, South Korea, Tunisia, United States of America, and Yemen
Intangible assets
In EUR mn
Concessions,
software,
licenses,
rights
Development costs
Oil and gas
assets
with unproved
reserves
Goodwill
Total
2023
Development of costs
January 1
1,330
572
1,811
585
4,298
Currency translation differences
\u20133
\u20130
\u201328
\u201317
\u201348
Changes in the consolidated group
28
\u2014
\u2014
21
49
Additions
39
112
201
\u2014
352
Transfers
20
14
\u2013583
\u2014
\u2013549
Assets held for sale
\u20130
\u2014
\u2013243
\u2013205
\u2013448
Disposals
\u201328
\u20133
\u2013195
\u2014
\u2013225
December 31
1,385
695
963
384
3,428
Development of amortization
January 1
769
86
934
\u2014
1,788
Currency translation differences
\u20132
\u2014
\u201321
\u2014
\u201323
Amortization
93
34
0
\u2014
127
Impairments
11
3
158
\u2014
171
Transfers
\u20130
\u2014
\u201314
\u2014
\u201314
Assets held for sale
\u20130
\u2014
\u2013173
\u2014
\u2013173
Disposals
\u201329
\u20133
\u2013195
\u2014
\u2013227
Write-ups
\u2014
\u2014
\u20131
\u2014
\u20131
December 31
842
119
688
\u2014
1,649
Carrying amount January 1
562
486
878
585
2,510
Carrying amount December 31
543
576
275
384
1,779
2022
Development of costs
January 1
2,199
464
1,876
562
5,101
Currency translation differences
\u2013236
\u2014
36
28
\u2013172
Changes in the consolidated group
\u2013662
\u2014
\u201336
\u2014
\u2013699
Additions
31
110
172
\u2014
313
Transfers
5
\u2014
\u2013141
\u2014
\u2013136
Assets held for sale
\u20130
\u2014
27
\u2014
27
Disposals
\u20136
\u20132
\u2013122
\u20136
\u2013136
December 31
1,330
572
1,811
585
4,298
Development of amortization
January 1
979
52
909
\u2014
1,940
Currency translation differences
\u201385
\u20130
25
\u2014
\u201360
Changes in the consolidated group
\u2013234
\u2014
\u201336
\u2014
\u2013270
Amortization
108
31
0
\u2014
140
Impairments
6
3
179
\u2014
189
Transfers
\u20130
\u2014
\u201324
\u2014
\u201324
Assets held for sale
\u20131
\u2014
1
\u2014
\u20130
Disposals
\u20135
\u20131
\u2013121
\u2014
\u2013127
December 31
769
86
934
\u2014
1,788
Carrying amount January 1
1,220
411
967
562
3,161
Carrying amount December 31
562
486
878
585
2,510
Goodwill allocation
In EUR mn
2023
2022
Middle East and Africa
330
342
SapuraOMV
\u2014
210
Goodwill allocated to Energy
330
552
Retail Slovakia
7
7
Refining Austria
26
26
Goodwill allocated to Fuels & Feedstock
33
33
Polypropylene1
21
\u2014
Goodwill allocated to Chemicals & Materials
21
\u2014
Goodwill
384
585
1 Related to the acquisition of Rialti S.p.A.
In 2023, the goodwill related to the SapuraOMV disposal group was reclassified to assets held for sale. For details refer to Note 22 \u2013 Assets and liabilities held for sale. The remaining goodwill allocated to Energy decreased due to unfavorable currency translation differences.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-96": { "value": " In 2022, unallocated assets also included goodwill in the amount of EUR 210 mn related to cash generating unit SapuraOMV. In 2023 the disposal group SapuraOMV was reclassified to \u201cheld for sale\u201d. For further details, please refer to Note 22 \u2013 Assets and liabilities held for sale.
Impairments and write-ups in Chemicals & Materials
Intangible assets
In EUR mn
Concessions,
software,
licenses,
rights
Development costs
Oil and gas
assets
with unproved
reserves
Goodwill
Total
2023
Development of costs
January 1
1,330
572
1,811
585
4,298
Currency translation differences
\u20133
\u20130
\u201328
\u201317
\u201348
Changes in the consolidated group
28
\u2014
\u2014
21
49
Additions
39
112
201
\u2014
352
Transfers
20
14
\u2013583
\u2014
\u2013549
Assets held for sale
\u20130
\u2014
\u2013243
\u2013205
\u2013448
Disposals
\u201328
\u20133
\u2013195
\u2014
\u2013225
December 31
1,385
695
963
384
3,428
Development of amortization
January 1
769
86
934
\u2014
1,788
Currency translation differences
\u20132
\u2014
\u201321
\u2014
\u201323
Amortization
93
34
0
\u2014
127
Impairments
11
3
158
\u2014
171
Transfers
\u20130
\u2014
\u201314
\u2014
\u201314
Assets held for sale
\u20130
\u2014
\u2013173
\u2014
\u2013173
Disposals
\u201329
\u20133
\u2013195
\u2014
\u2013227
Write-ups
\u2014
\u2014
\u20131
\u2014
\u20131
December 31
842
119
688
\u2014
1,649
Carrying amount January 1
562
486
878
585
2,510
Carrying amount December 31
543
576
275
384
1,779
2022
Development of costs
January 1
2,199
464
1,876
562
5,101
Currency translation differences
\u2013236
\u2014
36
28
\u2013172
Changes in the consolidated group
\u2013662
\u2014
\u201336
\u2014
\u2013699
Additions
31
110
172
\u2014
313
Transfers
5
\u2014
\u2013141
\u2014
\u2013136
Assets held for sale
\u20130
\u2014
27
\u2014
27
Disposals
\u20136
\u20132
\u2013122
\u20136
\u2013136
December 31
1,330
572
1,811
585
4,298
Development of amortization
January 1
979
52
909
\u2014
1,940
Currency translation differences
\u201385
\u20130
25
\u2014
\u201360
Changes in the consolidated group
\u2013234
\u2014
\u201336
\u2014
\u2013270
Amortization
108
31
0
\u2014
140
Impairments
6
3
179
\u2014
189
Transfers
\u20130
\u2014
\u201324
\u2014
\u201324
Assets held for sale
\u20131
\u2014
1
\u2014
\u20130
Disposals
\u20135
\u20131
\u2013121
\u2014
\u2013127
December 31
769
86
934
\u2014
1,788
Carrying amount January 1
1,220
411
967
562
3,161
Carrying amount December 31
562
486
878
585
2,510
In 2023, the goodwill related to the SapuraOMV disposal group was reclassified to assets held for sale. For details refer to Note 22 \u2013 Assets and liabilities held for sale.
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings,
and
equipment
Assets
under construction
Total
2023
Development of costs
January 1
3,512
26,549
12,002
2,043
2,061
46,168
Currency translation differences
\u20139
\u2013700
\u201321
\u20134
\u20135
\u2013738
Changes in the consolidated group
11
\u2014
53
2
12
78
Additions
143
1,265
491
95
1,389
3,383
New obligations and change in estimates for decommissioning
4
309
12
0
\u2014
326
Transfers
\u201333
592
848
121
\u2013969
559
Assets held for sale
\u20136
\u20131,431
0
\u20130
\u20138
\u20131,444
Disposals
\u201318
\u2013160
\u2013195
\u201379
\u20132
\u2013454
December 31
3,606
26,425
13,191
2,178
2,479
47,878
Development of depreciation
January 1
1,805
17,205
6,378
1,457
6
26,851
Currency translation differences
\u20135
\u2013467
\u20136
\u20133
0
\u2013480
Changes in the consolidated group
\u20131
\u2014
\u20134
\u20130
\u2014
\u20135
Depreciation
159
1,330
674
150
\u2014
2,314
Impairments
0
59
29
1
12
101
Transfers
\u201337
16
34
2
\u2014
14
Assets held for sale
\u20136
\u2013370
\u2014
\u20130
\u20133
\u2013380
Disposals
\u201313
\u2013158
\u2013191
\u201367
\u20131
\u2013429
Write-ups
\u20132
\u2013116
\u201370
\u20130
\u2014
\u2013188
December 31
1,900
17,498
6,844
1,540
15
27,798
Carrying amount January 1
1,706
9,344
5,624
586
2,055
19,317
Carrying amount December 31
1,705
8,927
6,347
637
2,464
20,081
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings
and
equipment
Assets
under construction
Total
2022
Development of costs
January 1
3,398
25,042
11,254
1,989
1,511
43,195
Currency translation differences
\u201317
174
\u2013169
\u20133
\u20134
\u201320
Additions
111
1,244
678
51
1,268
3,352
New obligations and change in estimates for decommissioning
4
\u201374
\u201321
0
\u2014
\u201390
Transfers
69
127
539
88
\u2013690
133
Assets held for sale
\u201318
236
\u201359
\u201312
\u201310
136
Disposals
\u201335
\u2013200
\u2013220
\u201368
\u201313
\u2013537
December 31
3,512
26,549
12,002
2,043
2,061
46,168
Development of depreciation
January 1
1,698
15,451
6,085
1,383
8
24,626
Currency translation differences
\u20138
18
\u2013106
\u20133
0
\u201398
Depreciation
138
1,390
671
144
\u2014
2,342
Impairments
6
595
8
2
8
619
Transfers
1
22
\u20138
6
2
24
Assets held for sale
\u20136
241
\u201355
\u20139
\u20131
170
Disposals
\u201324
\u2013195
\u2013211
\u201366
\u20139
\u2013505
Write-ups
\u20130
\u2013317
\u20137
\u2014
\u20132
\u2013327
December 31
1,805
17,205
6,378
1,457
6
26,851
Carrying amount January 1
1,700
9,591
5,169
606
1,503
18,569
Carrying amount December 31
1,706
9,344
5,624
586
2,055
19,317
Impairments of trade receivables
In EUR mn
2023
2022
January 1
65
51
Amounts written off
\u20133
\u20134
Net remeasurement of expected credit losses
41
23
Currency translation differences
\u20131
0
Reclassification to assets held for sale
\u20131
\u20134
Changes in the consolidated group
\u20130
\u20131
December 31
101
65
22 Assets and liabilities held for sale
Assets and liabilities held for sale
In EUR mn
Sapura
OMV
Yemen
Energy
OMV
Group
2023
Intangible assets
272
\u2014
272
Property, plant, and equipment
1,059
8
1,067
Other assets incl. deferred taxes
4
2
6
Non-current assets
1,335
10
1,345
Inventories
1
21
22
Trade receivables
30
0
30
Other assets
153
31
184
Cash at bank and in hand
88
3
91
Current assets
272
55
327
Total assets
1,607
65
1,671
Provisions for pensions and similar obligations
\u2014
15
15
Provisions for decommissioning and restoration obligations
6
\u2014
6
Other liabilities incl. provisions
0
10
10
Deferred taxes
319
\u2014
319
Non-current liabilities
325
25
351
Trade payables
208
9
217
Provisions for decommissioning and restoration obligations
2
\u2014
2
Other liabilities incl. provisions
36
17
52
Current liabilities
245
26
271
Total liabilities
571
51
622
Assets and liabilities held for sale
In EUR mn
Nitrogen
business
unit
Rosier
Total
OMV
retail
business
Slovenia
Other
Total
C&M
F&F
Energy
C&O
OMV
Group
2022
Intangible assets
3
0
3
0
0
0
\u2014
\u2014
3
Property, plant and equipment
658
4
662
121
13
134
20
3
819
Equity-accounted
investments
6
\u2014
6
\u2014
\u2014
\u2014
\u2014
\u2014
6
Other assets incl. deferred taxes
27
1
28
\u2014
4
4
\u2014
\u2014
32
Non-current assets
694
5
699
121
17
139
20
3
860
Inventories
275
33
308
46
1
48
16
\u2014
371
Trade receivables
150
8
159
63
\u2014
63
0
\u2014
221
Other assets
151
2
153
6
\u2014
6
30
\u2014
189
Cash at bank and in hand
12
4
16
5
\u2014
5
14
\u2014
35
Current assets
588
47
635
120
1
121
59
\u2014
816
Total assets
1,282
52
1,334
241
19
260
79
3
1,676
Provisions for pensions and
similar obligations
49
\u2014
49
0
\u2014
0
14
\u2014
63
Lease liabilities
7
1
8
27
\u2014
27
\u2014
\u2014
35
Provisions for decommissioning and restoration
obligations
11
\u2014
11
0
1
1
\u2014
\u2014
13
Other liabilities incl. provisions and deferred taxes
37
1
38
1
\u2014
1
20
\u2014
59
Non-current liabilities
105
1
106
29
1
30
34
\u2014
170
Trade payables
229
9
238
22
\u2014
22
12
\u2014
272
Other liabilities incl.
provisions
124
3
127
43
1
44
13
\u2014
184
Current liabilities
353
12
365
65
1
66
25
\u2014
456
Total liabilities
458
13
471
94
2
96
59
\u2014
626
Chemicals & Materials
Fuels & Feedstock
Energy
The SapuraOMV Group has been reclassified to assets and liabilities associated with assets held for sale in 2023 (see Note 22 \u2013 Assets and liabilities held for sale).
Provisions
In EUR mn
Pensions and
similar
obligations
Decommis-
sioning and
restoration
obligations
Other provisions
Total
January 1, 2023
997
3,796
1,316
6,110
Currency translation differences
0
\u201394
\u20134
\u201398
Changes in the consolidated group
1
\u2014
\u20130
1
Usage and releases
\u201358
\u2013304
\u2013973
\u20131,336
Payments to funds
\u2013104
\u2014
\u2014
\u2013104
Allocations
138
757
855
1,751
Transfers
\u20139
0
8
\u20130
Reclassified to liabilities associated with assets held for sale1
\u2014
\u20137
\u20133
\u201310
December 31, 2023
966
4,148
1,200
6,313
thereof short-term as of December 31, 2023
\u2014
69
777
846
thereof short-term as of January 1, 2023
\u2014
82
939
1,021
1 Related to the SapuraOMV disposal group. For more details refer to Note 22 \u2013 Assets and Liabilities held for sale.
Present value of obligations
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Present value of obligations as of January 1
1,302
135
1,639
150
Current service costs
21
4
24
10
Interest costs
46
6
18
2
Amounts recognized in the income statement
67
9
42
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Total remeasurements of the period (OCI)
52
13
\u2013279
\u201312
Actual benefit payments
\u201389
\u201313
\u201391
\u201310
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
\u20131
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Present value of obligations as of December 31
1,332
145
1,302
135
Provisions and expenses
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Provisions as of January\u00a01
775
135
1,044
150
Current service costs
21
4
24
10
Net interest costs
27
6
12
2
Amounts recognized in the income statement
48
9
36
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Return on plan assets
\u20136
\u2014
39
\u2014
Total remeasurements of the period (OCI)
46
13
\u2013240
\u201312
Actual benefit payments
\u201332
\u201313
\u201337
\u201310
Actual employer contributions
\u2013104
\u2014
\u201318
\u2014
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
0
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Provisions as of December\u00a031
734
145
775
135
Provisions for decommissioning and restoration obligations
In EUR mn
Carrying amount
January 1, 2023
3,796
Currency translation differences
\u201394
New obligations
15
Increase arising from revisions in estimates
534
Reduction arising from revisions in estimates
\u2013151
Unwinding of discounting
201
Reclassification to liabilities associated with assets held for sale
\u20137
Usage, disposals, and other changes
\u2013147
December 31, 2023
4,148
thereof short-term as of December 31, 2023
69
thereof short-term as of January 1, 2023
82
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-95": { "value": " In 2022, unallocated assets also included goodwill in the amount of EUR 210 mn related to cash generating unit SapuraOMV. In 2023 the disposal group SapuraOMV was reclassified to \u201cheld for sale\u201d. For further details, please refer to Note 22 \u2013 Assets and liabilities held for sale.
Impairments and write-ups in Chemicals & Materials
Intangible assets
In EUR mn
Concessions,
software,
licenses,
rights
Development costs
Oil and gas
assets
with unproved
reserves
Goodwill
Total
2023
Development of costs
January 1
1,330
572
1,811
585
4,298
Currency translation differences
\u20133
\u20130
\u201328
\u201317
\u201348
Changes in the consolidated group
28
\u2014
\u2014
21
49
Additions
39
112
201
\u2014
352
Transfers
20
14
\u2013583
\u2014
\u2013549
Assets held for sale
\u20130
\u2014
\u2013243
\u2013205
\u2013448
Disposals
\u201328
\u20133
\u2013195
\u2014
\u2013225
December 31
1,385
695
963
384
3,428
Development of amortization
January 1
769
86
934
\u2014
1,788
Currency translation differences
\u20132
\u2014
\u201321
\u2014
\u201323
Amortization
93
34
0
\u2014
127
Impairments
11
3
158
\u2014
171
Transfers
\u20130
\u2014
\u201314
\u2014
\u201314
Assets held for sale
\u20130
\u2014
\u2013173
\u2014
\u2013173
Disposals
\u201329
\u20133
\u2013195
\u2014
\u2013227
Write-ups
\u2014
\u2014
\u20131
\u2014
\u20131
December 31
842
119
688
\u2014
1,649
Carrying amount January 1
562
486
878
585
2,510
Carrying amount December 31
543
576
275
384
1,779
2022
Development of costs
January 1
2,199
464
1,876
562
5,101
Currency translation differences
\u2013236
\u2014
36
28
\u2013172
Changes in the consolidated group
\u2013662
\u2014
\u201336
\u2014
\u2013699
Additions
31
110
172
\u2014
313
Transfers
5
\u2014
\u2013141
\u2014
\u2013136
Assets held for sale
\u20130
\u2014
27
\u2014
27
Disposals
\u20136
\u20132
\u2013122
\u20136
\u2013136
December 31
1,330
572
1,811
585
4,298
Development of amortization
January 1
979
52
909
\u2014
1,940
Currency translation differences
\u201385
\u20130
25
\u2014
\u201360
Changes in the consolidated group
\u2013234
\u2014
\u201336
\u2014
\u2013270
Amortization
108
31
0
\u2014
140
Impairments
6
3
179
\u2014
189
Transfers
\u20130
\u2014
\u201324
\u2014
\u201324
Assets held for sale
\u20131
\u2014
1
\u2014
\u20130
Disposals
\u20135
\u20131
\u2013121
\u2014
\u2013127
December 31
769
86
934
\u2014
1,788
Carrying amount January 1
1,220
411
967
562
3,161
Carrying amount December 31
562
486
878
585
2,510
In 2023, the goodwill related to the SapuraOMV disposal group was reclassified to assets held for sale. For details refer to Note 22 \u2013 Assets and liabilities held for sale.
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings,
and
equipment
Assets
under construction
Total
2023
Development of costs
January 1
3,512
26,549
12,002
2,043
2,061
46,168
Currency translation differences
\u20139
\u2013700
\u201321
\u20134
\u20135
\u2013738
Changes in the consolidated group
11
\u2014
53
2
12
78
Additions
143
1,265
491
95
1,389
3,383
New obligations and change in estimates for decommissioning
4
309
12
0
\u2014
326
Transfers
\u201333
592
848
121
\u2013969
559
Assets held for sale
\u20136
\u20131,431
0
\u20130
\u20138
\u20131,444
Disposals
\u201318
\u2013160
\u2013195
\u201379
\u20132
\u2013454
December 31
3,606
26,425
13,191
2,178
2,479
47,878
Development of depreciation
January 1
1,805
17,205
6,378
1,457
6
26,851
Currency translation differences
\u20135
\u2013467
\u20136
\u20133
0
\u2013480
Changes in the consolidated group
\u20131
\u2014
\u20134
\u20130
\u2014
\u20135
Depreciation
159
1,330
674
150
\u2014
2,314
Impairments
0
59
29
1
12
101
Transfers
\u201337
16
34
2
\u2014
14
Assets held for sale
\u20136
\u2013370
\u2014
\u20130
\u20133
\u2013380
Disposals
\u201313
\u2013158
\u2013191
\u201367
\u20131
\u2013429
Write-ups
\u20132
\u2013116
\u201370
\u20130
\u2014
\u2013188
December 31
1,900
17,498
6,844
1,540
15
27,798
Carrying amount January 1
1,706
9,344
5,624
586
2,055
19,317
Carrying amount December 31
1,705
8,927
6,347
637
2,464
20,081
Property, plant, and equipment including right-of-use assets
In EUR mn
Land and
buildings
Oil and
gas assets
with proved
reserves
Plant and
machinery
Other
fixtures,
fittings
and
equipment
Assets
under construction
Total
2022
Development of costs
January 1
3,398
25,042
11,254
1,989
1,511
43,195
Currency translation differences
\u201317
174
\u2013169
\u20133
\u20134
\u201320
Additions
111
1,244
678
51
1,268
3,352
New obligations and change in estimates for decommissioning
4
\u201374
\u201321
0
\u2014
\u201390
Transfers
69
127
539
88
\u2013690
133
Assets held for sale
\u201318
236
\u201359
\u201312
\u201310
136
Disposals
\u201335
\u2013200
\u2013220
\u201368
\u201313
\u2013537
December 31
3,512
26,549
12,002
2,043
2,061
46,168
Development of depreciation
January 1
1,698
15,451
6,085
1,383
8
24,626
Currency translation differences
\u20138
18
\u2013106
\u20133
0
\u201398
Depreciation
138
1,390
671
144
\u2014
2,342
Impairments
6
595
8
2
8
619
Transfers
1
22
\u20138
6
2
24
Assets held for sale
\u20136
241
\u201355
\u20139
\u20131
170
Disposals
\u201324
\u2013195
\u2013211
\u201366
\u20139
\u2013505
Write-ups
\u20130
\u2013317
\u20137
\u2014
\u20132
\u2013327
December 31
1,805
17,205
6,378
1,457
6
26,851
Carrying amount January 1
1,700
9,591
5,169
606
1,503
18,569
Carrying amount December 31
1,706
9,344
5,624
586
2,055
19,317
Impairments of trade receivables
In EUR mn
2023
2022
January 1
65
51
Amounts written off
\u20133
\u20134
Net remeasurement of expected credit losses
41
23
Currency translation differences
\u20131
0
Reclassification to assets held for sale
\u20131
\u20134
Changes in the consolidated group
\u20130
\u20131
December 31
101
65
22 Assets and liabilities held for sale
Assets and liabilities held for sale
In EUR mn
Sapura
OMV
Yemen
Energy
OMV
Group
2023
Intangible assets
272
\u2014
272
Property, plant, and equipment
1,059
8
1,067
Other assets incl. deferred taxes
4
2
6
Non-current assets
1,335
10
1,345
Inventories
1
21
22
Trade receivables
30
0
30
Other assets
153
31
184
Cash at bank and in hand
88
3
91
Current assets
272
55
327
Total assets
1,607
65
1,671
Provisions for pensions and similar obligations
\u2014
15
15
Provisions for decommissioning and restoration obligations
6
\u2014
6
Other liabilities incl. provisions
0
10
10
Deferred taxes
319
\u2014
319
Non-current liabilities
325
25
351
Trade payables
208
9
217
Provisions for decommissioning and restoration obligations
2
\u2014
2
Other liabilities incl. provisions
36
17
52
Current liabilities
245
26
271
Total liabilities
571
51
622
Assets and liabilities held for sale
In EUR mn
Nitrogen
business
unit
Rosier
Total
OMV
retail
business
Slovenia
Other
Total
C&M
F&F
Energy
C&O
OMV
Group
2022
Intangible assets
3
0
3
0
0
0
\u2014
\u2014
3
Property, plant and equipment
658
4
662
121
13
134
20
3
819
Equity-accounted
investments
6
\u2014
6
\u2014
\u2014
\u2014
\u2014
\u2014
6
Other assets incl. deferred taxes
27
1
28
\u2014
4
4
\u2014
\u2014
32
Non-current assets
694
5
699
121
17
139
20
3
860
Inventories
275
33
308
46
1
48
16
\u2014
371
Trade receivables
150
8
159
63
\u2014
63
0
\u2014
221
Other assets
151
2
153
6
\u2014
6
30
\u2014
189
Cash at bank and in hand
12
4
16
5
\u2014
5
14
\u2014
35
Current assets
588
47
635
120
1
121
59
\u2014
816
Total assets
1,282
52
1,334
241
19
260
79
3
1,676
Provisions for pensions and
similar obligations
49
\u2014
49
0
\u2014
0
14
\u2014
63
Lease liabilities
7
1
8
27
\u2014
27
\u2014
\u2014
35
Provisions for decommissioning and restoration
obligations
11
\u2014
11
0
1
1
\u2014
\u2014
13
Other liabilities incl. provisions and deferred taxes
37
1
38
1
\u2014
1
20
\u2014
59
Non-current liabilities
105
1
106
29
1
30
34
\u2014
170
Trade payables
229
9
238
22
\u2014
22
12
\u2014
272
Other liabilities incl.
provisions
124
3
127
43
1
44
13
\u2014
184
Current liabilities
353
12
365
65
1
66
25
\u2014
456
Total liabilities
458
13
471
94
2
96
59
\u2014
626
Chemicals & Materials
Fuels & Feedstock
Energy
The SapuraOMV Group has been reclassified to assets and liabilities associated with assets held for sale in 2023 (see Note 22 \u2013 Assets and liabilities held for sale).
Provisions
In EUR mn
Pensions and
similar
obligations
Decommis-
sioning and
restoration
obligations
Other provisions
Total
January 1, 2023
997
3,796
1,316
6,110
Currency translation differences
0
\u201394
\u20134
\u201398
Changes in the consolidated group
1
\u2014
\u20130
1
Usage and releases
\u201358
\u2013304
\u2013973
\u20131,336
Payments to funds
\u2013104
\u2014
\u2014
\u2013104
Allocations
138
757
855
1,751
Transfers
\u20139
0
8
\u20130
Reclassified to liabilities associated with assets held for sale1
\u2014
\u20137
\u20133
\u201310
December 31, 2023
966
4,148
1,200
6,313
thereof short-term as of December 31, 2023
\u2014
69
777
846
thereof short-term as of January 1, 2023
\u2014
82
939
1,021
1 Related to the SapuraOMV disposal group. For more details refer to Note 22 \u2013 Assets and Liabilities held for sale.
Present value of obligations
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Present value of obligations as of January 1
1,302
135
1,639
150
Current service costs
21
4
24
10
Interest costs
46
6
18
2
Amounts recognized in the income statement
67
9
42
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Total remeasurements of the period (OCI)
52
13
\u2013279
\u201312
Actual benefit payments
\u201389
\u201313
\u201391
\u201310
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
\u20131
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Present value of obligations as of December 31
1,332
145
1,302
135
Provisions and expenses
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Provisions as of January\u00a01
775
135
1,044
150
Current service costs
21
4
24
10
Net interest costs
27
6
12
2
Amounts recognized in the income statement
48
9
36
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Return on plan assets
\u20136
\u2014
39
\u2014
Total remeasurements of the period (OCI)
46
13
\u2013240
\u201312
Actual benefit payments
\u201332
\u201313
\u201337
\u201310
Actual employer contributions
\u2013104
\u2014
\u201318
\u2014
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
0
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Provisions as of December\u00a031
734
145
775
135
Provisions for decommissioning and restoration obligations
In EUR mn
Carrying amount
January 1, 2023
3,796
Currency translation differences
\u201394
New obligations
15
Increase arising from revisions in estimates
534
Reduction arising from revisions in estimates
\u2013151
Unwinding of discounting
201
Reclassification to liabilities associated with assets held for sale
\u20137
Usage, disposals, and other changes
\u2013147
December 31, 2023
4,148
thereof short-term as of December 31, 2023
69
thereof short-term as of January 1, 2023
82
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-97": { "value": "
6 Sales revenues
Sales revenues
In EUR mn
2023
2022
Revenues from contracts with customers
37,451
53,827
Revenues from other sources1
2,012
8,472
Sales revenues
39,463
62,298
1 The decrease in revenues from other sources is mainly driven by commodity trading transactions.
Revenues from contracts with customers
In EUR mn
Chemicals & Materials
Fuels & Feedstock
Energy
Corporate &
Other
OMV
Group
2023
Crude oil, NGL, and condensates
\u2014
508
1,050
\u2014
1,558
Natural gas and LNG
\u2014
4
10,947
\u2014
10,950
Fuel, heating oil, and other refining products
\u2014
14,928
\u2014
\u2014
14,928
Chemical products
8,193
40
\u2014
\u2014
8,233
Other goods and services1
135
872
756
18
1,782
Revenues from contracts with customers
8,329
16,351
12,753
18
37,451
2022
Crude oil, NGL, and condensates
\u2014
860
1,519
\u2014
2,379
Natural gas and LNG
\u2014
4
19,905
\u2014
19,909
Fuel, heating oil, and other refining products
\u2014
16,390
\u2014
\u2014
16,390
Chemical products
12,160
54
\u2014
\u2014
12,214
Other goods and services1
126
977
1,817
16
2,935
Revenues from contracts with customers
12,286
18,285
23,240
16
53,827
1 Mainly retail non-oil business in Fuels & Feedstock and power sales in Energy
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-98": { "value": "
Sales revenues
In EUR mn
2023
2022
Revenues from contracts with customers
37,451
53,827
Revenues from other sources1
2,012
8,472
Sales revenues
39,463
62,298
1 The decrease in revenues from other sources is mainly driven by commodity trading transactions.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-99": { "value": "
7 Other operating income and net income from equity-accounted investments
Other operating income and net income from equity-accounted investments
In EUR mn
2023
2022
Foreign exchange gains from operating activities
200
298
Gains from the disposal of businesses, subsidiaries, tangible and intangible assets
237
766
Residual other operating income
305
579
Other operating income
742
1,644
Income from equity-accounted investments
580
937
Expenses from equity-accounted investments
\u2013254
\u201368
Net income from equity-accounted investments
326
869
", "dimensions": { "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-100": { "value": "
8 Depreciation, amortization, impairments and write-ups
Depreciation, amortization, impairments (excluding exploration & appraisal) and write-ups
In EUR mn
2023
2022
Depreciation and amortization
2,439
2,474
Write-ups
\u2013189
\u2013660
Impairment losses (excl. exploration & appraisal)
213
670
Depreciation, amortization, impairment losses (excluding exploration & appraisal) and write-ups
2,463
2,484
Impairment losses (including exploration & appraisal)
In EUR mn
2023
2022
Impairment losses (excl. exploration & appraisal)
213
670
Impairment losses (exploration & appraisal)
152
183
Impairment losses (including exploration & appraisal)
365
853
Depreciation, amortization, impairments and write-ups \u2013 split by function
In EUR mn
2023
2022
Depreciation and amortization
2,439
2,474
attributable to exploration expenses
\u2014
\u2014
attributable to production and operating expenses
2,152
2,200
attributable to selling, distribution and administrative expenses
287
274
Write-ups
\u2013189
\u2013660
attributable to exploration expenses
\u20131
\u2014
attributable to production and operating expenses
\u2013116
\u2013660
attributable to selling, distribution and administrative expenses
\u201372
\u20130
Impairment losses (incl. exploration & appraisal)
365
853
attributable to exploration expenses
158
183
attributable to production and operating expenses
203
660
attributable to selling, distribution and administrative expenses
4
10
Impairments and write-ups in Chemicals & Materials
Impairments and write-ups in Fuels & Feedstock
Impairments and write-ups in Energy
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-101": { "value": "
Impairment losses (including exploration & appraisal)
In EUR mn
2023
2022
Impairment losses (excl. exploration & appraisal)
213
670
Impairment losses (exploration & appraisal)
152
183
Impairment losses (including exploration & appraisal)
365
853
Depreciation, amortization, impairments and write-ups \u2013 split by function
In EUR mn
2023
2022
Depreciation and amortization
2,439
2,474
attributable to exploration expenses
\u2014
\u2014
attributable to production and operating expenses
2,152
2,200
attributable to selling, distribution and administrative expenses
287
274
Write-ups
\u2013189
\u2013660
attributable to exploration expenses
\u20131
\u2014
attributable to production and operating expenses
\u2013116
\u2013660
attributable to selling, distribution and administrative expenses
\u201372
\u20130
Impairment losses (incl. exploration & appraisal)
365
853
attributable to exploration expenses
158
183
attributable to production and operating expenses
203
660
attributable to selling, distribution and administrative expenses
4
10
In 2022, impairment losses attributable to exploration and appraisal (EUR\u00a0183\u00a0mn) were mainly related to unsuccessful exploration wells and exploration licenses in Norway, New Zealand, Romania, and Australia.
9 Exploration expenses
Exploration and appraisal of mineral resources
In EUR mn
2023
2022
Impairment losses (exploration & appraisal)
152
183
Other exploration expenses
70
67
Exploration expenses
222
250
Net cash used in operating activities
75
103
Net cash used in investing activities
171
149
Intangible assets
In EUR mn
Concessions,
software,
licenses,
rights
Development costs
Oil and gas
assets
with unproved
reserves
Goodwill
Total
2023
Development of costs
January 1
1,330
572
1,811
585
4,298
Currency translation differences
\u20133
\u20130
\u201328
\u201317
\u201348
Changes in the consolidated group
28
\u2014
\u2014
21
49
Additions
39
112
201
\u2014
352
Transfers
20
14
\u2013583
\u2014
\u2013549
Assets held for sale
\u20130
\u2014
\u2013243
\u2013205
\u2013448
Disposals
\u201328
\u20133
\u2013195
\u2014
\u2013225
December 31
1,385
695
963
384
3,428
Development of amortization
January 1
769
86
934
\u2014
1,788
Currency translation differences
\u20132
\u2014
\u201321
\u2014
\u201323
Amortization
93
34
0
\u2014
127
Impairments
11
3
158
\u2014
171
Transfers
\u20130
\u2014
\u201314
\u2014
\u201314
Assets held for sale
\u20130
\u2014
\u2013173
\u2014
\u2013173
Disposals
\u201329
\u20133
\u2013195
\u2014
\u2013227
Write-ups
\u2014
\u2014
\u20131
\u2014
\u20131
December 31
842
119
688
\u2014
1,649
Carrying amount January 1
562
486
878
585
2,510
Carrying amount December 31
543
576
275
384
1,779
2022
Development of costs
January 1
2,199
464
1,876
562
5,101
Currency translation differences
\u2013236
\u2014
36
28
\u2013172
Changes in the consolidated group
\u2013662
\u2014
\u201336
\u2014
\u2013699
Additions
31
110
172
\u2014
313
Transfers
5
\u2014
\u2013141
\u2014
\u2013136
Assets held for sale
\u20130
\u2014
27
\u2014
27
Disposals
\u20136
\u20132
\u2013122
\u20136
\u2013136
December 31
1,330
572
1,811
585
4,298
Development of amortization
January 1
979
52
909
\u2014
1,940
Currency translation differences
\u201385
\u20130
25
\u2014
\u201360
Changes in the consolidated group
\u2013234
\u2014
\u201336
\u2014
\u2013270
Amortization
108
31
0
\u2014
140
Impairments
6
3
179
\u2014
189
Transfers
\u20130
\u2014
\u201324
\u2014
\u201324
Assets held for sale
\u20131
\u2014
1
\u2014
\u20130
Disposals
\u20135
\u20131
\u2013121
\u2014
\u2013127
December 31
769
86
934
\u2014
1,788
Carrying amount January 1
1,220
411
967
562
3,161
Carrying amount December 31
562
486
878
585
2,510
In 2023, transfers were mainly related to OMV Petrom following the final investment decision for the Neptun Deep project. Consequently, the related oil and gas assets in the amount of EUR 483 mn were reclassified from intangible assets to property, plant, and equipment.In 2022, intangible assets amounting to EUR 27 mn were transferred back from assets held for sale, mainly related to OMV\u2019s share in the Maari field in New Zealand.", "dimensions": { "concept": "ifrs-full:DisclosureOfExplorationAndEvaluationAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-102": { "value": "In 2022, impairment losses attributable to exploration and appraisal (EUR\u00a0183\u00a0mn) were mainly related to unsuccessful exploration wells and exploration licenses in Norway, New Zealand, Romania, and Australia.
9 Exploration expenses
Exploration and appraisal of mineral resources
In EUR mn
2023
2022
Impairment losses (exploration & appraisal)
152
183
Other exploration expenses
70
67
Exploration expenses
222
250
Net cash used in operating activities
75
103
Net cash used in investing activities
171
149
Intangible assets
In EUR mn
Concessions,
software,
licenses,
rights
Development costs
Oil and gas
assets
with unproved
reserves
Goodwill
Total
2023
Development of costs
January 1
1,330
572
1,811
585
4,298
Currency translation differences
\u20133
\u20130
\u201328
\u201317
\u201348
Changes in the consolidated group
28
\u2014
\u2014
21
49
Additions
39
112
201
\u2014
352
Transfers
20
14
\u2013583
\u2014
\u2013549
Assets held for sale
\u20130
\u2014
\u2013243
\u2013205
\u2013448
Disposals
\u201328
\u20133
\u2013195
\u2014
\u2013225
December 31
1,385
695
963
384
3,428
Development of amortization
January 1
769
86
934
\u2014
1,788
Currency translation differences
\u20132
\u2014
\u201321
\u2014
\u201323
Amortization
93
34
0
\u2014
127
Impairments
11
3
158
\u2014
171
Transfers
\u20130
\u2014
\u201314
\u2014
\u201314
Assets held for sale
\u20130
\u2014
\u2013173
\u2014
\u2013173
Disposals
\u201329
\u20133
\u2013195
\u2014
\u2013227
Write-ups
\u2014
\u2014
\u20131
\u2014
\u20131
December 31
842
119
688
\u2014
1,649
Carrying amount January 1
562
486
878
585
2,510
Carrying amount December 31
543
576
275
384
1,779
2022
Development of costs
January 1
2,199
464
1,876
562
5,101
Currency translation differences
\u2013236
\u2014
36
28
\u2013172
Changes in the consolidated group
\u2013662
\u2014
\u201336
\u2014
\u2013699
Additions
31
110
172
\u2014
313
Transfers
5
\u2014
\u2013141
\u2014
\u2013136
Assets held for sale
\u20130
\u2014
27
\u2014
27
Disposals
\u20136
\u20132
\u2013122
\u20136
\u2013136
December 31
1,330
572
1,811
585
4,298
Development of amortization
January 1
979
52
909
\u2014
1,940
Currency translation differences
\u201385
\u20130
25
\u2014
\u201360
Changes in the consolidated group
\u2013234
\u2014
\u201336
\u2014
\u2013270
Amortization
108
31
0
\u2014
140
Impairments
6
3
179
\u2014
189
Transfers
\u20130
\u2014
\u201324
\u2014
\u201324
Assets held for sale
\u20131
\u2014
1
\u2014
\u20130
Disposals
\u20135
\u20131
\u2013121
\u2014
\u2013127
December 31
769
86
934
\u2014
1,788
Carrying amount January 1
1,220
411
967
562
3,161
Carrying amount December 31
562
486
878
585
2,510
Contractual obligations for acquisitions
In EUR mn
2023
2022
Intangible assets
296
326
Property, plant, and equipment
3,345
1,410
Contractual obligations
3,640
1,736
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-103": { "value": "
10 Other operating expenses
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Residual other operating expenses contained expenses relating to various digitalization initiatives amounting to EUR 22 mn (2022: EUR 40 mn) as well as expenses related to minimum stockholding obligation outsourced to Erd\u00f6l-Lagergesellschaft m.b.H. in the amount of EUR 46 mn (2022: EUR 45 mn).
11 Personnel expenses
Personnel expenses
In EUR mn
2023
2022
Wages and salaries
1,365
1,314
Costs of defined benefit plans
31
30
Costs of defined contribution plans
62
77
Personnel reduction schemes
9
3
Other employee benefits
250
275
Taxes and social contributions
305
309
Personnel expenses
2,023
2,009
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-104": { "value": "
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Net impairment losses on financial assets measured at amortized cost were mainly related to impairments of receivables in Tunisia amounting to EUR\u00a026\u00a0mn (2022: EUR 20 mn).The remaining part of the interest expenses on provisions for decommissioning and restoration obligations related entirely to the negative reassessment effects of receivables recoverable from the Romanian state amounting to EUR\u00a023\u00a0mn (2022:\u00a0EUR\u00a065\u00a0mn).
Other financial income and expenses
In EUR mn
2023
2022
Carrying amount of sold trade and other receivables
\u201311,825
\u201310,857
Proceeds on sold trade and other receivables
11,748
10,811
Financing charges for factoring and securitization
\u201377
\u201346
Net foreign exchange gains (+)/losses (\u2013)
\u201329
95
Other
\u201332
\u20131,393
Other financial income and expenses
\u2013138
\u20131,345
Financial assets
In EUR mn
Valued at fair value through profit or loss
Valued at
fair value through other comprehen-
sive income
Valued at amortized cost
Total
carrying
amount
thereof
short-term
thereof
long-term
2023
Trade receivables from contracts with customers
99
\u2014
2,571
2,670
2,670
\u2014
Other trade receivables
\u2014
\u2014
785
785
785
\u2014
Total trade receivables
99
\u2014
3,356
3,455
3,455
\u2014
Equity investments
1
56
\u2014
57
\u2014
57
Investment funds
28
\u2014
\u2014
28
\u2014
28
Bonds
\u2014
\u2014
285
285
245
39
Derivatives designated and effective as hedging instruments
\u2014
52
\u2014
52
50
2
Other derivatives
890
\u2014
\u2014
890
692
198
Loans
\u2014
\u2014
910
910
5
905
Other sundry financial assets
2
\u2014
1,610
1,612
1,139
474
Total other financial assets
921
108
2,805
3,834
2,130
1,704
Financial assets
1,020
108
6,160
7,288
5,584
1,704
2022
Trade receivables from contracts with customers
136
\u2014
3,351
3,487
3,487
\u2014
Other trade receivables
\u2014
\u2014
735
735
735
\u2014
Total trade receivables
136
\u2014
4,086
4,222
4,222
\u2014
Equity investments
24
19
\u2014
42
\u2014
42
Investment funds
26
\u2014
\u2014
26
\u2014
26
Bonds
\u2014
\u2014
52
52
32
20
Derivatives designated and effective as hedging instruments
10
370
\u2014
380
263
116
Other derivatives
2,867
\u2014
\u2014
2,867
2,114
753
Loans
\u2014
\u2014
711
711
82
628
Other sundry financial assets
\u2014
\u2014
1,850
1,850
1,437
413
Total other financial assets
2,927
389
2,612
5,928
3,929
1,999
Financial assets
3,063
389
6,699
10,150
8,151
1,999
Impairments of trade receivables
In EUR mn
2023
2022
January 1
65
51
Amounts written off
\u20133
\u20134
Net remeasurement of expected credit losses
41
23
Currency translation differences
\u20131
0
Reclassification to assets held for sale
\u20131
\u20134
Changes in the consolidated group
\u20130
\u20131
December 31
101
65
Credit quality of trade receivables
In EUR mn
2023
2022
Risk Class 1
1,155
1,457
Risk Class 2
855
1,239
Risk Class 3
873
927
Risk Class 4
252
333
Risk Class 5
268
153
Risk Class 6
53
42
Total gross carrying amount
3,457
4,151
Expected credit losses
\u2013101
\u201365
Total
3,356
4,086
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
Offsetting of financial assets
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Liabilities with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
20
3,359
\u20132,417
942
\u2013122
820
Trade receivables
20
4,535
\u20131,081
3,455
\u201365
3,390
Other sundry financial assets
20
1,626
\u201313
1,612
\u20131
1,611
Total
9,520
\u20133,511
6,009
\u2013187
5,822
2022
Derivative financial instruments
13,466
\u201310,219
3,247
\u2013547
2,700
Trade receivables
6,086
\u20131,864
4,222
\u2013106
4,116
Other sundry financial assets
1,892
\u201342
1,850
\u20131
1,849
Total
21,444
\u201312,125
9,318
\u2013654
8,664
38 Unconsolidated structured entities
The seller participation notes are senior to a loss reserve and third-party investor participation. The complementary notes are senior to seller participation notes and are of the same seniority as the senior notes issued by the program. The risk retained by the OMV Group is insignificant and therefore the trade receivables sold are derecognized in their entirety. The receivables are sold at their nominal amount less a discount.", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-105": { "value": "
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
11 Personnel expenses
Personnel expenses
In EUR mn
2023
2022
Wages and salaries
1,365
1,314
Costs of defined benefit plans
31
30
Costs of defined contribution plans
62
77
Personnel reduction schemes
9
3
Other employee benefits
250
275
Taxes and social contributions
305
309
Personnel expenses
2,023
2,009
The gains and losses recognized directly in other comprehensive income and their related tax effects were as follows:
Tax effects relating to each component of other comprehensive income
In EUR mn
2023
2022
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Currency translation differences
\u2013542
\u20130
\u2013542
603
\u20132
602
Gains (+)/losses (\u2013) on hedges
\u2013360
83
\u2013277
40
\u20133
37
Remeasurement gains (+)/losses (\u2013)
on defined benefit plans
\u201358
7
\u201351
263
\u201335
228
Gains (+)/losses (\u2013) on equity
investments
\u20132
1
\u20132
2
1
3
Gains (+)/losses (\u2013) on hedges that
are subsequently transferred to
the carrying amount of the
hedged item
\u201327
6
\u201321
\u201367
8
\u201358
Share of other comprehensive
income of equity-accounted
investments
02
n.a.
0
62
n.a.
6
Other comprehensive income
for the year
\u2013989
97
\u2013893
847
\u201330
817
1 Including valuation allowances for deferred tax assets for the Austrian tax group. For further details please refer to Note 14 \u2013 Taxes on income and profit.
2 Represents net-of-tax amounts
Provisions
In EUR mn
Pensions and
similar
obligations
Decommis-
sioning and
restoration
obligations
Other provisions
Total
January 1, 2023
997
3,796
1,316
6,110
Currency translation differences
0
\u201394
\u20134
\u201398
Changes in the consolidated group
1
\u2014
\u20130
1
Usage and releases
\u201358
\u2013304
\u2013973
\u20131,336
Payments to funds
\u2013104
\u2014
\u2014
\u2013104
Allocations
138
757
855
1,751
Transfers
\u20139
0
8
\u20130
Reclassified to liabilities associated with assets held for sale1
\u2014
\u20137
\u20133
\u201310
December 31, 2023
966
4,148
1,200
6,313
thereof short-term as of December 31, 2023
\u2014
69
777
846
thereof short-term as of January 1, 2023
\u2014
82
939
1,021
1 Related to the SapuraOMV disposal group. For more details refer to Note 22 \u2013 Assets and Liabilities held for sale.
Provisions for pensions and similar obligations accounted for according to IAS\u00a019
Pensions and similar obligations
In EUR mn
2023
2022
Present value of funded pension obligations
853
832
Fair value of plan assets
\u2013598
\u2013526
Provisions for funded pension obligations
255
305
Present value of unfunded pension obligations
479
470
Present value of obligations for severance and other plans
145
135
Provisions for pensions, severance, and other plans
879
910
Present value of obligations for other long-term benefits
87
87
Total provisions for pensions and similar obligations
966
997
Present value of obligations
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Present value of obligations as of January 1
1,302
135
1,639
150
Current service costs
21
4
24
10
Interest costs
46
6
18
2
Amounts recognized in the income statement
67
9
42
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Total remeasurements of the period (OCI)
52
13
\u2013279
\u201312
Actual benefit payments
\u201389
\u201313
\u201391
\u201310
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
\u20131
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Present value of obligations as of December 31
1,332
145
1,302
135
Fair value of plan assets
In EUR mn
2023
2022
Fair value of plan assets as of January\u00a01
526
595
Interest income
19
6
Return on plan assets (OCI)
6
\u201339
Actual benefit payments
\u201357
\u201354
Actual employer contributions
104
18
Currency translation differences
\u20131
\u20130
Fair value of plan assets as of December\u00a031
598
526
Provisions and expenses
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Provisions as of January\u00a01
775
135
1,044
150
Current service costs
21
4
24
10
Net interest costs
27
6
12
2
Amounts recognized in the income statement
48
9
36
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Return on plan assets
\u20136
\u2014
39
\u2014
Total remeasurements of the period (OCI)
46
13
\u2013240
\u201312
Actual benefit payments
\u201332
\u201313
\u201337
\u201310
Actual employer contributions
\u2013104
\u2014
\u201318
\u2014
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
0
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Provisions as of December\u00a031
734
145
775
135
Underlying assumptions for calculating pension expenses and expected defined benefit entitlements
as of December 31
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Capital market interest rate
3.25\u20135.00%
3.75\u20136.25%
3.20\u20135.40%
3.50\u20138.00%
Future increases in salaries
2.69\u20135.00%
3.25\u20134.00%
3.40\u20135.00%
3.40\u20134.90%
Future increases in pensions
1.75\u20133.50%
\u2014
2.25\u20133.50%
\u2014
Sensitivities \u2013 percentage change
2023
Capital market interest rate
Future increases in salaries
Future increases in pensions
+1.00%
\u20131.00%
+0.50%
\u20130.50%
+0.50%
\u20130.50%
Pensions
\u20139.65%
11.38%
1.60%
\u20131.54%
7.23%
\u20136.59%
Severance and other plans
\u20137.25%
8.47%
3.42%
\u20133.27%
\u2014
\u2014
Sensitivities \u2013 absolute change
In EUR mn
2023
Capital market interest rate
Future increases in salaries
Future increases in pensions
+1.00%
\u20131.00%
+0.50%
\u20130.50%
+0.50%
\u20130.50%
Pensions
\u2013128
151
21
\u201320
96
\u201388
Severance and other plans
\u201310
11
5
\u20134
\u2014
\u2014
Duration profiles and average duration of defined benefit obligations as of December 31
In EUR mn
2023
Duration profiles
Duration
1\u20135 years
6\u201310 years
>10 years
in years
Pensions
392
357
582
11
Severance and other plans
52
54
38
8
Allocation of plan assets as of December\u00a031
2023
2022
Asset category
Equity securities
17%
15%
Debt securities
33%
29%
Cash and money market investments
5%
5%
Insurance contracts
36%
36%
Other
10%
15%
Total
100%
100%
Other provisions
In EUR mn
2023
2022
Short-term
Long-term
Short-term
Long-term
Environmental costs
16
119
11
77
Onerous contracts
64
194
64
176
Other personnel provisions
146
9
149
18
Emissions certificates
437
\u2014
469
\u2014
Residual other provisions
114
100
247
105
Other provisions
777
422
939
377
Key management personnel compensation
Remuneration received by active members of the Executive Board as of December 31, 2023
In EUR mn
2023
Stern
Florey
Gaso4
van Koten
Vlad8
Total
Short-term benefits
2.16
1.83
1.24
1.31
0.86
7.39
Fixed (base salary)
0.99
0.81
0.50
0.58
0.53
3.41
Fixed (one-off payment)
\u2014
\u2014
0.635
\u2014
0.269
0.89
Variable (cash bonus)1
1.16
0.97
\u2014
0.70
\u2014
2.83
Benefits in kind2
0.01
0.053
0.116
0.037
0.0710
0.26
Post-employment benefits
0.25
0.20
0.13
0.14
0.13
0.86
Pension fund contributions
0.25
0.20
0.13
0.14
0.13
0.86
Share-based benefits
0.68
1.04
\u2014
0.31
\u2014
2.04
Variable (Equity Deferral 2022)
0.68
0.57
\u2014
0.31
\u2014
1.56
Variable (LTIP 2020)
\u2014
0.48
\u2014
\u2014
\u2014
0.48
Remuneration received by the Executive Board
3.09
3.07
1.37
1.76
0.99
10.28
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Including schooling costs and related taxes
4 Berislav Gaso joined the Executive Board on March 1, 2023.
5 Berislav Gaso received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from the MOL Group to OMV Aktiengesellschaft.
6 Including relocation, rental costs, and related taxes
7 Including car allowances
8 Daniela Vlad joined the Executive Board on February 1, 2023.
9 Daniela Vlad received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from AkzoNobel N.V. to OMV Aktiengesellschaft.
10 Including relocation, rental costs, and related taxes
Remuneration received by former members of the Executive Board as of December 31, 2023
In EUR mn
2023
Pleininger3
Skvortsova5
Seele7
Gangl8
Total
Short-term benefits
1.52
1.04
0.72
\u2014
3.28
Fixed (base salary)
0.25
0.26
\u2014
\u2014
0.51
Fixed (one-off payment)
0.274
\u2014
\u2014
\u2014
0.27
Variable (cash bonus)1
1.00
0.70
0.72
\u2014
2.42
Benefits in kind2
0.00
0.086
\u2014
\u2014
0.08
Post-employment benefits
0.12
0.07
\u2014
\u2014
0.19
Pension fund contributions
0.12
0.07
\u2014
\u2014
0.19
Share-based benefits
1.26
0.55
2.16
0.44
4.40
Variable (Equity Deferral 2022)
0.65
0.31
0.32
\u2014
1.27
Variable (LTIP 2020)
0.61
0.24
1.84
0.44
3.13
Remuneration received by
former Executive Board members
2.90
1.66
2.88
0.44
7.87
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
4 Johann Pleininger received compensation for the shortened phase-out period for the period from May 1 until August 31, 2023.
5 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
6 Including rental, advisory costs, and related taxes
7 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
8 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
Remuneration received by the Executive Board
In EUR mn
2022
active members of the Executive
Board as of December 31, 2022
former members of the
Executive Board
Stern
Pleininger2
Florey
van Koten
Skvortsova4
Seele6
Gangl7
Leitner9
Total
Short-term benefits
1.59
1.47
1.55
0.85
1.16
1.57
0.12
\u2014
8.32
Fixed (base salary)
0.99
0.75
0.81
0.58
0.58
0.55
\u2014
\u2014
4.25
Variable (cash bonus)1
0.59
0.71
0.69
0.25
0.50
1.02
0.12
\u2014
3.87
Benefits in kind
0.01
0.01
0.053
0.03
0.095
0.01
\u2014
\u2014
0.20
Post-employment benefits
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Pension fund
contributions
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Share-based benefits
0.29
1.33
1.03
0.10
0.21
3.13
0.37
0.70
7.16
Variable
(Equity Deferral 2021)
0.29
0.44
0.34
0.10
0.21
0.43
0.05
\u2014
1.85
Variable (LTIP 2019)
\u2014
0.90
0.70
\u2014
\u2014
2.70
0.328
0.70
5.31
Remuneration received by the Executive Board
2.12
3.00
2.78
1.10
1.51
4.84
0.49
0.70
16.54
1 The variable components relate to target achievement in 2021, for which bonuses were paid in 2022.
2 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
3 Including schooling costs and related taxes
4 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
5 Including rental, storage costs, and related taxes
6 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
7 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
8 Thomas Gangl received additionally a cash payment in the amount of EUR 0.08 mn based on the Senior Manager LTIP 2019.
9 Manfred Leitner resigned from the Executive Board effective June 30, 2019.
Remuneration received by top executives (excl. Executive Board)1
In EUR mn
2023
2022
Salaries and bonuses
28.5
25.1
Pension fund contributions
1.5
1.4
Other post-employment benefits including termination benefits
2.5
1.1
Share-based benefits
6.4
5.8
Other long-term benefits
0.1
1.2
Remuneration received by top executives (excl. Executive Board)2
39.0
34.6
1 In 2023, there were on average 51 top executives (2022: 47) based on the months of service in the Group.
2 2022 included remuneration of Martijn van Koten for his previous function as Executive Board member of the Borealis Group
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-106": { "value": "
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Impairments of trade receivables
In EUR mn
2023
2022
January 1
65
51
Amounts written off
\u20133
\u20134
Net remeasurement of expected credit losses
41
23
Currency translation differences
\u20131
0
Reclassification to assets held for sale
\u20131
\u20134
Changes in the consolidated group
\u20130
\u20131
December 31
101
65
Credit quality of trade receivables
In EUR mn
2023
2022
Risk Class 1
1,155
1,457
Risk Class 2
855
1,239
Risk Class 3
873
927
Risk Class 4
252
333
Risk Class 5
268
153
Risk Class 6
53
42
Total gross carrying amount
3,457
4,151
Expected credit losses
\u2013101
\u201365
Total
3,356
4,086
Impairments of other financial assets at amortized cost
In EUR mn
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL
credit impaired
Total
2023
January 1
10
44
1,311
1,365
Amounts written off
\u20131
\u2014
\u20135
\u20136
Net remeasurement of expected credit losses
4
\u201311
140
133
Currency translation differences
\u20130
\u20131
\u20133
\u20135
December 311, 2
13
32
1,442
1,487
2022
January 1
9
31
211
251
Amounts written off
0
\u2014
\u20135
\u20135
Net remeasurement of expected credit losses
2
12
1,100
1,114
Currency translation differences
0
2
4
6
December 311, 2
10
44
1,311
1,365
1 \u201cLifetime ECL credit impaired\u201d included fully impaired gross carrying amount of loan receivables including accrued interest related to the financing agreements for the Nord Stream 2 pipeline project in the amount of EUR 1.2 bn (2022: EUR 1.1 bn).
2 \u201c12-month ECL\u201d included an amount of EUR 1 mn (2022: EUR 1 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
Credit quality of other financial assets at amortized cost
In EUR mn
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL credit impaired
Total
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL credit impaired
Total
2023
2022
Risk Class 1
826
\u2014
\u2014
826
1,014
86
80
1,180
Risk Class 21
751
\u2014
8
759
702
\u2014
9
710
Risk Class 3
1,140
94
77
1,312
826
\u2014
2
827
Risk Class 4
2
\u2014
\u2014
2
4
\u2014
\u2014
4
Risk Class 52
36
\u2014
1,245
1,281
35
\u2014
1,112
1,147
Risk Class 6
\u2014
\u2014
112
112
0
\u2014
109
109
Total gross carrying amount
2,755
94
1,442
4,292
2,580
86
1,311
3,977
Expected credit losses3
\u201313
\u201332
\u20131,442
\u20131,487
\u201310
\u201344
\u20131,311
\u20131,365
Total
2,742
62
\u2014
2,805
2,570
42
\u2014
2,612
1 \u201c12-month ECL\u201d included an amount of EUR 401 mn (2022: EUR 327 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
2 \u201cLifetime ECL credit impaired\u201d included fully impaired gross carrying amount of loan receivables including accrued interests related to the financing agreements for the Nord Stream 2 pipeline project in the amount of EUR 1.2 bn (2022: EUR 1.1 bn).
3 \u201c12-month ECL\u201d included an amount of EUR 1 mn (2022: EUR 1 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-107": { "value": "
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
", "dimensions": { "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-108": { "value": "
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Losses from fair value changes of financial assets in 2022 contained losses related to asset from reserves redetermination rights with respect to the acquisition of interests in the Yuzhno Russkoye field.
Other financial income and expenses
In EUR mn
2023
2022
Carrying amount of sold trade and other receivables
\u201311,825
\u201310,857
Proceeds on sold trade and other receivables
11,748
10,811
Financing charges for factoring and securitization
\u201377
\u201346
Net foreign exchange gains (+)/losses (\u2013)
\u201329
95
Other
\u201332
\u20131,393
Other financial income and expenses
\u2013138
\u20131,345
Financial assets
In EUR mn
Valued at fair value through profit or loss
Valued at
fair value through other comprehen-
sive income
Valued at amortized cost
Total
carrying
amount
thereof
short-term
thereof
long-term
2023
Trade receivables from contracts with customers
99
\u2014
2,571
2,670
2,670
\u2014
Other trade receivables
\u2014
\u2014
785
785
785
\u2014
Total trade receivables
99
\u2014
3,356
3,455
3,455
\u2014
Equity investments
1
56
\u2014
57
\u2014
57
Investment funds
28
\u2014
\u2014
28
\u2014
28
Bonds
\u2014
\u2014
285
285
245
39
Derivatives designated and effective as hedging instruments
\u2014
52
\u2014
52
50
2
Other derivatives
890
\u2014
\u2014
890
692
198
Loans
\u2014
\u2014
910
910
5
905
Other sundry financial assets
2
\u2014
1,610
1,612
1,139
474
Total other financial assets
921
108
2,805
3,834
2,130
1,704
Financial assets
1,020
108
6,160
7,288
5,584
1,704
2022
Trade receivables from contracts with customers
136
\u2014
3,351
3,487
3,487
\u2014
Other trade receivables
\u2014
\u2014
735
735
735
\u2014
Total trade receivables
136
\u2014
4,086
4,222
4,222
\u2014
Equity investments
24
19
\u2014
42
\u2014
42
Investment funds
26
\u2014
\u2014
26
\u2014
26
Bonds
\u2014
\u2014
52
52
32
20
Derivatives designated and effective as hedging instruments
10
370
\u2014
380
263
116
Other derivatives
2,867
\u2014
\u2014
2,867
2,114
753
Loans
\u2014
\u2014
711
711
82
628
Other sundry financial assets
\u2014
\u2014
1,850
1,850
1,437
413
Total other financial assets
2,927
389
2,612
5,928
3,929
1,999
Financial assets
3,063
389
6,699
10,150
8,151
1,999
Based on this latest development and the unchanged situation with regard to the Russian war on Ukraine, OMV considers its investments in YRGM and SNGP to have a fair value of nil as of December 31, 2023, leading to a further negative fair value adjustment in the financial result for 2023 in the amount of EUR\u00a023\u00a0mn.
Other financial liabilities
In EUR mn
Short-term
Long-term
Total
2023
Derivative financial liabilities
386
150
536
Liabilities on derivatives designated and effective as hedging instruments
33
34
67
Liabilities on other derivatives
353
116
469
Other sundry financial liabilities
1,038
166
1,204
Other financial liabilities
1,424
316
1,740
2022
Derivative financial liabilities
1,263
353
1,615
Liabilities on derivatives designated and effective as hedging instruments
41
4
44
Liabilities on other derivatives
1,222
349
1,571
Other sundry financial liabilities
910
137
1,047
Other financial liabilities
2,172
489
2,662
Financial liabilities (undiscounted cash flows)
In EUR mn
\u22641 year
1\u20135 years
>5 years
Total
2023
Bonds
597
3,845
2,113
6,555
Other interest-bearing debt
459
857
231
1,547
Lease liabilities
219
588
1,231
2,038
Trade payables
3,955
\u2014
\u2014
3,955
Derivative financial liabilities
393
157
\u2014
550
Other sundry financial liabilities1
1,039
82
139
1,260
Financial liabilities (undiscounted cash flows)
6,662
5,529
3,713
15,904
2022
Bonds
1,351
3,394
3,160
7,905
Other interest-bearing debts
141
1,018
393
1,552
Lease liabilities
186
514
1,131
1,831
Trade payables
5,259
\u2014
\u2014
5,259
Derivative financial liabilities
1,260
350
\u2014
1,610
Other sundry financial liabilities1
910
100
102
1,111
Financial liabilities (undiscounted cash flows)
9,107
5,375
4,786
19,268
1 Including the book value of the financial guarantees issued by Borealis to Bayport Polymers LLC; for further details on the guarantees and the maximum exposure related to it please refer to Note 30 \u2013 Risk management.
Nominal and fair value of open derivative financial instruments
In EUR mn
2023
2022
Nominal
Fair
value
assets
Fair
value
liabilities
Nominal
Fair
value
assets
Fair
value
liabilities
Commodity price risk
Oil incl. oil products
1,120
27
\u20138
1,337
47
\u201335
Gas
31
\u2014
\u2014
10
\u2014
\u20133
Power
411
13
\u201359
351
320
\u20132
Commodity hedges (designated in hedge
relationship)1
1,562
39
\u201367
1,697
367
\u201341
Oil incl. oil products
10,614
2
\u201340
7,808
5
\u201322
Gas
16,104
714
\u2013386
17,730
2,365
\u20131,374
Power
262
47
\u201329
779
282
\u2013133
Other2
190
98
\u20133
220
209
\u20132
Commodity hedges
27,171
861
\u2013458
26,537
2,862
\u20131,531
Foreign currency risk
USD
159
3
\u20130
266
7
\u20130
SEK
123
7
\u2014
157
\u2014
\u20134
Foreign currency hedges (designated in hedge
relationship)1
282
10
\u20130
423
7
\u20134
USD
702
5
\u201311
1,207
4
\u201310
NOK
817
23
\u20130
2,493
1
\u201326
SEK
35
0
\u20130
26
0
\u20130
Other
153
1
\u20130
246
1
\u20134
Foreign currency hedges
1,707
29
\u201311
3,972
5
\u201339
Interest rate risk
Interest rate hedges (designated in hedge
relationship)1
100
3
\u2014
103
6
\u2014
1 Including ineffective part of hedges designated in a hedging relationship
2 Includes derivatives for European Emission Allowances
Cash flow hedging \u2013 Impact of hedge accounting
In EUR mn
Forecast purchases
Forecast sales
Foreign
currency
Interest rate
Total
Commodity price risk
Foreign currency risk
Interest
rate risk
2023
Cash flow hedge reserve as of
January 1 (net of tax)
245
8
3
7
264
Gains (+)/losses (\u2013) of the period
recognized in OCI
\u2013326
\u201324
5
\u20132
\u2013347
Amounts reclassified to the income statement
\u201362
24
1
\u20134
\u201340
Amounts reclassified to the balance sheet
42
\u2014
\u2014
\u2014
42
Tax effects
80
\u20130
\u20131
1
80
Cash flow hedge reserve as
of December 31 (net of tax)
\u201321
9
7
2
\u20132
Hedge ineffectiveness recognized in the income statement
\u2014
0
\u2014
\u2014
0
2022
Cash flow hedge reserve as of
January 1 (net of tax)
243
\u20139
\u20136
2
230
Gains (+)/losses (\u2013) of the period
recognized in OCI
360
\u201340
\u201316
7
310
Amounts reclassified to the income statement
\u2013422
63
21
\u2014
\u2013338
Amounts reclassified to the balance sheet
57
\u2014
6
\u2014
63
Tax effects
8
\u20135
\u20133
\u20132
\u20132
Cash flow hedge reserve as
of December 31 (net of tax)
245
8
3
7
264
Hedge ineffectiveness recognized in the income statement
\u20131
1
\u2014
\u2014
\u20131
Impact of fair value hedge accounting on the income statement and statement of financial position
In EUR mn
Hedged Item
Carrying amount
Cumulative amount of fair value hedge adjustment included in the carrying amount of the hedged item
Effective gains (+) /losses (\u2013) of the period recognized in the income statement
Line item in the statement of financial positions
Liabilities
2023
Non-financial liability
28
\u20138
1
Other liabilities
2022
Non-financial liability
132
2
\u20136
Other liabilities
At December 31, 2023, and December 31, 2022, the Group held the following cash flow, fair value, and net investment hedging relationships. The table shows the profile of the timing (maturity) of the nominal amount of the hedging instruments:
Impact of hedge accounting on the statement of financial position
In EUR mn
Forecast purchases
Forecast sales
Recognized liability
Net investment hedge
Foreign
currency
Interest hedges
Commodity price risk
Foreign currency risk
Interest
rate risk
Total
2023
Nominal value
1,447
85
29
109
282
100
2,052
Below one year
1,251
85
29
44
282
100
1,792
More than one year
196
\u2014
\u2014
64
\u2014
\u2014
260
Fair value \u2013 assets
39
\u2014
n.a.
10
3
52
Fair value \u2013 liabilities
66
1
n.a.
0
\u2014
67
2022
Nominal value
1,168
385
145
150
423
103
2,374
Below one year
999
385
145
38
423
\u2014
1,989
More than one year
169
\u2014
\u2014
113
\u2014
103
385
Fair value \u2013 assets
357
10
n.a.
7
6
380
Fair value \u2013 liabilities
37
4
n.a.
4
\u2014
44
Commodity price risk
European Emission Allowances
Electricity prices
Chemicals & Materials
Fuels & Feedstock
Energy
Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock
Foreign exchange risk management
Interest rate management
Sensitivity analysis
Sensitivity analysis for open commodity derivatives affecting profit before tax
In EUR mn
2023
2022
Market price
+10%
Market price
\u201310%
Market price
+10%
Market price
\u201310%
Oil incl. oil products
\u20134
4
4
\u20134
Oil incl. oil products \u2013 designated in a hedge relationship1
3
\u20133
14
\u201314
Gas
\u201334
34
10
\u201310
Power
2
\u20132
13
\u201313
Other2
28
\u201328
43
\u201343
Total
\u20134
4
83
\u201383
1 Includes hedging instruments designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. For further details see section Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock.
2 Includes derivatives for European Emission Allowances
31 Fair value hierarchy
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.
Offsetting of financial assets
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Liabilities with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
20
3,359
\u20132,417
942
\u2013122
820
Trade receivables
20
4,535
\u20131,081
3,455
\u201365
3,390
Other sundry financial assets
20
1,626
\u201313
1,612
\u20131
1,611
Total
9,520
\u20133,511
6,009
\u2013187
5,822
2022
Derivative financial instruments
13,466
\u201310,219
3,247
\u2013547
2,700
Trade receivables
6,086
\u20131,864
4,222
\u2013106
4,116
Other sundry financial assets
1,892
\u201342
1,850
\u20131
1,849
Total
21,444
\u201312,125
9,318
\u2013654
8,664
Offsetting of financial liabilities
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Assets with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
26
2,953
\u20132,417
536
\u2013122
415
Trade payables
26
5,035
\u20131,081
3,955
\u201365
3,890
Other sundry financial liabilities
26
1,217
\u201313
1,204
\u20131
1,203
Total
9,206
\u20133,511
5,695
\u2013187
5,508
2022
Derivative financial instruments
11,835
\u201310,219
1,615
\u2013547
1,068
Trade payables
7,123
\u20131,864
5,259
\u2013106
5,153
Other sundry financial liabilities
1,089
\u201342
1,047
\u20131
1,046
Total
20,046
\u201312,125
7,921
\u2013654
7,267
33 Result on financial instruments
Result on financial instruments
In EUR mn
Amount
Financial
instruments at fair value
through profit or loss
Equity instruments
designated as
measured at
fair value through
other
comprehensive
income
Financial
assets at
amortized
cost
Financial
liabilities at
amortized
cost
2023
Fair value changes of financial
assets and derivatives
111
111
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201338
\u2014
\u2014
\u201338
\u2014
Result on financial instruments
within operating result
73
111
\u2014
\u201338
\u2014
Dividend income
10
\u2014
4
\u2014
\u2014
Interest income
473
\u2014
\u2014
473
\u2014
Interest expenses
\u2013415
\u20133
\u2014
\u2014
\u2013148
Fair value changes of financial instruments
\u201321
\u201321
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013191
\u2013191
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201377
\u201377
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20135
\u2014
\u2014
\u20132
\u2014
Other
\u20136
\u20130
\u20131
0
\u20135
Result on financial instruments
within financial result
\u2013232
\u2013292
3
471
\u2013153
2022
Fair value changes of financial
assets and derivatives
1,029
1,029
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201343
\u2014
\u2014
\u201343
\u2014
Result on financial instruments
within operating result
986
1,029
\u2014
\u201343
\u2014
Dividend income
11
\u2014
11
\u2014
\u2014
Interest income
269
\u2014
\u2014
269
\u2014
Interest expenses
\u2013417
\u20134
\u2014
\u2014
\u2013161
Fair value changes of financial instruments
\u2013374
\u2013374
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013186
\u2013186
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201346
\u201346
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20131,007
\u2014
\u2014
\u20131,007
\u2014
Other
\u201312
0
\u2014
0
\u201312
Result on financial instruments
within financial result
\u20131,761
\u2013609
11
\u2013739
\u2013173
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-109": { "value": "
Other operating expenses
In EUR mn
2023
2022
Foreign exchange losses from operating activities
182
268
Losses from the disposals of businesses, subsidiaries, tangible and intangible assets
31
685
Losses from fair value changes of financial assets
\u2014
432
Net impairment losses on financial assets measured at amortized cost
38
43
Personnel reduction schemes
9
3
Research and development expenses
76
65
Residual other operating expenses
125
142
Other operating expenses
462
1,639
Interest income
In EUR mn
2023
2022
Cash and cash equivalents
355
193
Discounted receivables
14
5
Other financial and non-financial assets
35
20
Loans
69
51
Interest income
473
269
Interest income from loans included EUR\u00a059\u00a0mn (2022:\u00a0EUR\u00a032\u00a0mn) from the loan agreement with Bayport Polymers LLC. In 2022, this position additionally contained EUR\u00a017\u00a0mn related to the Nord Stream 2 financing agreement. For further details see Note 20 \u2013 Financial assets.
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
Other financial income and expenses
In EUR mn
2023
2022
Carrying amount of sold trade and other receivables
\u201311,825
\u201310,857
Proceeds on sold trade and other receivables
11,748
10,811
Financing charges for factoring and securitization
\u201377
\u201346
Net foreign exchange gains (+)/losses (\u2013)
\u201329
95
Other
\u201332
\u20131,393
Other financial income and expenses
\u2013138
\u20131,345
20 Financial assets
Financial assets
In EUR mn
Valued at fair value through profit or loss
Valued at
fair value through other comprehen-
sive income
Valued at amortized cost
Total
carrying
amount
thereof
short-term
thereof
long-term
2023
Trade receivables from contracts with customers
99
\u2014
2,571
2,670
2,670
\u2014
Other trade receivables
\u2014
\u2014
785
785
785
\u2014
Total trade receivables
99
\u2014
3,356
3,455
3,455
\u2014
Equity investments
1
56
\u2014
57
\u2014
57
Investment funds
28
\u2014
\u2014
28
\u2014
28
Bonds
\u2014
\u2014
285
285
245
39
Derivatives designated and effective as hedging instruments
\u2014
52
\u2014
52
50
2
Other derivatives
890
\u2014
\u2014
890
692
198
Loans
\u2014
\u2014
910
910
5
905
Other sundry financial assets
2
\u2014
1,610
1,612
1,139
474
Total other financial assets
921
108
2,805
3,834
2,130
1,704
Financial assets
1,020
108
6,160
7,288
5,584
1,704
2022
Trade receivables from contracts with customers
136
\u2014
3,351
3,487
3,487
\u2014
Other trade receivables
\u2014
\u2014
735
735
735
\u2014
Total trade receivables
136
\u2014
4,086
4,222
4,222
\u2014
Equity investments
24
19
\u2014
42
\u2014
42
Investment funds
26
\u2014
\u2014
26
\u2014
26
Bonds
\u2014
\u2014
52
52
32
20
Derivatives designated and effective as hedging instruments
10
370
\u2014
380
263
116
Other derivatives
2,867
\u2014
\u2014
2,867
2,114
753
Loans
\u2014
\u2014
711
711
82
628
Other sundry financial assets
\u2014
\u2014
1,850
1,850
1,437
413
Total other financial assets
2,927
389
2,612
5,928
3,929
1,999
Financial assets
3,063
389
6,699
10,150
8,151
1,999
Based on this latest development and the unchanged situation with regard to the Russian war on Ukraine, OMV considers its investments in YRGM and SNGP to have a fair value of nil as of December 31, 2023, leading to a further negative fair value adjustment in the financial result for 2023 in the amount of EUR\u00a023\u00a0mn.
Equity investments measured at FVOCI
In EUR mn
2023
2022
Investment
Fair value
Fair value adjustment through OCI
Dividend recognized as income
Fair value
Fair value adjustment through OCI
Dividend recognized as income
Eavor Technologies Inc.
34
\u2014
\u2014
\u2014
\u2014
\u2014
Hycamite TCD Technologies Ltd.
5
\u2014
\u2014
\u2014
\u2014
\u2014
APK Pensionskasse AG
2
\u20131
\u2014
2
\u20130
0
Wiener B\u00f6rse AG
6
\u20131
1
7
3
1
FSH Flughafen-Schwechat-Hydranten-Gesellschaft GmbH & Co OG
2
\u2014
\u2014
2
\u2014
0
WAV W\u00e4rme Austria VertriebsgmbH
\u2014
\u2014
1
2
\u2014
0
Bockatech Ltd.
5
\u2014
\u2014
3
\u2014
\u2014
Everen Limited
0
\u2014
3
0
\u2014
4
Other
2
\u2014
0
2
\u2014
0
Equity investments measured at FVOCI
56
\u20132
4
19
2
6
Probability of default
Equivalent to external credit rating
Probability of default
2023
2022
Risk Class 1
AAA, AA+, AA,
AA\u2013, A+, A, A\u2013
0.13%
0.13%
Risk Class 2
BBB+, BBB, BBB\u2013
0.44%
0.44%
Risk Class 3
BB+, BB, BB\u2013
1.18%
1.18%
Risk Class 4
B+, B, B\u2013
8.52%
8.52%
Risk Class 5
CCC/C
29.54%
29.54%
Risk Class 6
SD/D
100.00%
100.00%
Impairments of trade receivables
In EUR mn
2023
2022
January 1
65
51
Amounts written off
\u20133
\u20134
Net remeasurement of expected credit losses
41
23
Currency translation differences
\u20131
0
Reclassification to assets held for sale
\u20131
\u20134
Changes in the consolidated group
\u20130
\u20131
December 31
101
65
Credit quality of trade receivables
In EUR mn
2023
2022
Risk Class 1
1,155
1,457
Risk Class 2
855
1,239
Risk Class 3
873
927
Risk Class 4
252
333
Risk Class 5
268
153
Risk Class 6
53
42
Total gross carrying amount
3,457
4,151
Expected credit losses
\u2013101
\u201365
Total
3,356
4,086
Impairments of other financial assets at amortized cost
In EUR mn
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL
credit impaired
Total
2023
January 1
10
44
1,311
1,365
Amounts written off
\u20131
\u2014
\u20135
\u20136
Net remeasurement of expected credit losses
4
\u201311
140
133
Currency translation differences
\u20130
\u20131
\u20133
\u20135
December 311, 2
13
32
1,442
1,487
2022
January 1
9
31
211
251
Amounts written off
0
\u2014
\u20135
\u20135
Net remeasurement of expected credit losses
2
12
1,100
1,114
Currency translation differences
0
2
4
6
December 311, 2
10
44
1,311
1,365
1 \u201cLifetime ECL credit impaired\u201d included fully impaired gross carrying amount of loan receivables including accrued interest related to the financing agreements for the Nord Stream 2 pipeline project in the amount of EUR 1.2 bn (2022: EUR 1.1 bn).
2 \u201c12-month ECL\u201d included an amount of EUR 1 mn (2022: EUR 1 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
Credit quality of other financial assets at amortized cost
In EUR mn
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL credit impaired
Total
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL credit impaired
Total
2023
2022
Risk Class 1
826
\u2014
\u2014
826
1,014
86
80
1,180
Risk Class 21
751
\u2014
8
759
702
\u2014
9
710
Risk Class 3
1,140
94
77
1,312
826
\u2014
2
827
Risk Class 4
2
\u2014
\u2014
2
4
\u2014
\u2014
4
Risk Class 52
36
\u2014
1,245
1,281
35
\u2014
1,112
1,147
Risk Class 6
\u2014
\u2014
112
112
0
\u2014
109
109
Total gross carrying amount
2,755
94
1,442
4,292
2,580
86
1,311
3,977
Expected credit losses3
\u201313
\u201332
\u20131,442
\u20131,487
\u201310
\u201344
\u20131,311
\u20131,365
Total
2,742
62
\u2014
2,805
2,570
42
\u2014
2,612
1 \u201c12-month ECL\u201d included an amount of EUR 401 mn (2022: EUR 327 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
2 \u201cLifetime ECL credit impaired\u201d included fully impaired gross carrying amount of loan receivables including accrued interests related to the financing agreements for the Nord Stream 2 pipeline project in the amount of EUR 1.2 bn (2022: EUR 1.1 bn).
3 \u201c12-month ECL\u201d included an amount of EUR 1 mn (2022: EUR 1 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
The gains and losses recognized directly in other comprehensive income and their related tax effects were as follows:
Tax effects relating to each component of other comprehensive income
In EUR mn
2023
2022
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Currency translation differences
\u2013542
\u20130
\u2013542
603
\u20132
602
Gains (+)/losses (\u2013) on hedges
\u2013360
83
\u2013277
40
\u20133
37
Remeasurement gains (+)/losses (\u2013)
on defined benefit plans
\u201358
7
\u201351
263
\u201335
228
Gains (+)/losses (\u2013) on equity
investments
\u20132
1
\u20132
2
1
3
Gains (+)/losses (\u2013) on hedges that
are subsequently transferred to
the carrying amount of the
hedged item
\u201327
6
\u201321
\u201367
8
\u201358
Share of other comprehensive
income of equity-accounted
investments
02
n.a.
0
62
n.a.
6
Other comprehensive income
for the year
\u2013989
97
\u2013893
847
\u201330
817
1 Including valuation allowances for deferred tax assets for the Austrian tax group. For further details please refer to Note 14 \u2013 Taxes on income and profit.
2 Represents net-of-tax amounts
26 Liabilities
Liabilities
In EUR mn
2023
2022
Short-term
Long-term
Total
Short-term
Long-term
Total
Bonds
540
5,534
6,073
1,290
6,030
7,320
Other interest-bearing debts
427
1,043
1,470
128
1,359
1,487
Lease liabilities
181
1,404
1,585
155
1,322
1,476
Trade payables
3,955
\u2014
3,955
5,259
\u2014
5,259
Other financial liabilities
1,424
316
1,740
2,172
489
2,662
Other liabilities
1,613
102
1,715
1,527
124
1,652
Liabilities
8,140
8,398
16,538
10,531
9,325
19,856
Other interest-bearing debts predominantly referred to bank loans, but also included private placements and other funding instruments.
Lease liabilities increased mainly due to the leasing contracts for storage infrastructure related to the propane dehydrogenation plant (PDH) in Kallo, Belgium and a new leasing contract related to a charter vessel, Navigator Aurora, to source Borealis crackers in Sweden and Finland. For further details on lease contracts please refer to Note 17 \u2013 Property, plant and equipment.
For further details on cash and non-cash effective changes in bonds, other interest-bearing debts, and lease liabilities please refer to Note 28 \u2013 Consolidated Statement of Cash Flows.
OMV participates in several supplier finance programs under which its suppliers may elect to receive early payment of their invoice from a bank by factoring their receivable from the Group to the bank. Under the arrangement, the bank agrees to pay amounts to a supplier participating in the program in respect of invoices owed by the Group and receives settlement from OMV later. The principal purpose of these programs is to facilitate efficient payment processing and enable the consenting suppliers to sell their receivables due from OMV to a bank before their maturity. The Group has not derecognized the majority of the original liabilities to which the arrangement applies because neither was legal release obtained nor was the original liability substantially modified while entering into the arrangement. Most liabilities remain within trade payables and other financial liabilities until payment. From OMV\u2019s perspective, these arrangements do not significantly extend payment terms beyond the normal terms agreed with other suppliers that are not participating in the programs. Consequently, cash effects are included in the cash flow from operating activities.
Bonds
International corporate bonds
In EUR mn
2023
2022
Nominal
Coupon
Repayment
Carrying
amount
December 31
Carrying
amount
December 31
EUR 750,000,000
0.00% fixed
06/16/2023
\u2014
749
EUR 500,000,000
0.75% fixed
12/04/2023
\u2014
500
EUR 500,000,000
1.50% fixed
04/09/2024
505
504
EUR 500,000,000
0.00% fixed
07/03/2025
499
498
EUR 300,000,000
1.75% fixed
12/10/2025
309
315
EUR 1,000,000,000
1.00% fixed
12/14/2026
997
996
EUR 750,000,000
3.50% fixed
09/27/2027
753
752
EUR 500,000,000
2.00% fixed
04/09/2028
506
506
EUR 500,000,000
1.875% fixed
12/04/2028
500
499
EUR 750,000,000
0.75% fixed
06/16/2030
749
748
EUR 750,000,000
2.375% fixed
04/09/2032
759
758
EUR 500,000,000
1.00% fixed
07/03/2034
497
496
International corporate bonds
6,073
7,320
Bonds and other interest-bearing debts
Bonds and other interest-bearing debts
In EUR mn
2023
2022
Short-term loan financing
106
65
Short-term component of long-term financing
860
1,353
Total short-term
967
1,417
Maturities of long-term financing
2024/2023 (short-term component of long-term financing)
860
1,353
2025/2024
1,149
823
2026/2025
1,189
1,149
2027/2026
875
1,185
2028/2027
1,158
871
2029/2028 and subsequent years
2,205
3,360
Total for 2024/2023 onward
7,436
8,742
Breakdown of bonds and other interest-bearing debts
In EUR mn
2023
2022
Weighted
average
interest rate
Weighted
average
interest rate
Bonds and other long-term interest-bearing debts1
Fixed rates
EUR
6,911
1.53%
8,148
1.34%
USD
265
4.06%
319
4.24%
Total
7,176
1.63%
8,467
1.45%
Variable rates2
EUR
45
4.85%
49
3.13%
USD
183
6.64%
190
5.04%
Other currencies
32
0.45%
36
0.45%
Total
260
5.57%
274
4.10%
Other short-term interest-bearing debts
EUR
52
\u2014
65
0.07%
NOK
54
\u2014
\u2014
\u2014
Total
106
\u2014
65
0.07%
1 Including short-term components of long-term debts
2 Rates at year-end
Other financial liabilities
In EUR mn
Short-term
Long-term
Total
2023
Derivative financial liabilities
386
150
536
Liabilities on derivatives designated and effective as hedging instruments
33
34
67
Liabilities on other derivatives
353
116
469
Other sundry financial liabilities
1,038
166
1,204
Other financial liabilities
1,424
316
1,740
2022
Derivative financial liabilities
1,263
353
1,615
Liabilities on derivatives designated and effective as hedging instruments
41
4
44
Liabilities on other derivatives
1,222
349
1,571
Other sundry financial liabilities
910
137
1,047
Other financial liabilities
2,172
489
2,662
Financial liabilities (undiscounted cash flows)
In EUR mn
\u22641 year
1\u20135 years
>5 years
Total
2023
Bonds
597
3,845
2,113
6,555
Other interest-bearing debt
459
857
231
1,547
Lease liabilities
219
588
1,231
2,038
Trade payables
3,955
\u2014
\u2014
3,955
Derivative financial liabilities
393
157
\u2014
550
Other sundry financial liabilities1
1,039
82
139
1,260
Financial liabilities (undiscounted cash flows)
6,662
5,529
3,713
15,904
2022
Bonds
1,351
3,394
3,160
7,905
Other interest-bearing debts
141
1,018
393
1,552
Lease liabilities
186
514
1,131
1,831
Trade payables
5,259
\u2014
\u2014
5,259
Derivative financial liabilities
1,260
350
\u2014
1,610
Other sundry financial liabilities1
910
100
102
1,111
Financial liabilities (undiscounted cash flows)
9,107
5,375
4,786
19,268
1 Including the book value of the financial guarantees issued by Borealis to Bayport Polymers LLC; for further details on the guarantees and the maximum exposure related to it please refer to Note 30 \u2013 Risk management.
Capital management \u2013 key performance measures
In EUR mn (unless otherwise stated)
2023
2022
Bonds
6,073
7,320
Lease liabilities
1,587
1,524
Other interest-bearing debts
1,470
1,487
Debt
9,130
10,331
Cash and cash equivalents
7,011
8,124
Net debt1
2,120
2,207
Equity
25,369
26,628
Leverage ratio2 in %
8
8
1 Including items that were reclassified to assets or liabilities held for sale
2 The leverage ratio is defined as (net debt including leases)/(equity + net debt including leases).
Market risk
Nominal and fair value of open derivative financial instruments
In EUR mn
2023
2022
Nominal
Fair
value
assets
Fair
value
liabilities
Nominal
Fair
value
assets
Fair
value
liabilities
Commodity price risk
Oil incl. oil products
1,120
27
\u20138
1,337
47
\u201335
Gas
31
\u2014
\u2014
10
\u2014
\u20133
Power
411
13
\u201359
351
320
\u20132
Commodity hedges (designated in hedge
relationship)1
1,562
39
\u201367
1,697
367
\u201341
Oil incl. oil products
10,614
2
\u201340
7,808
5
\u201322
Gas
16,104
714
\u2013386
17,730
2,365
\u20131,374
Power
262
47
\u201329
779
282
\u2013133
Other2
190
98
\u20133
220
209
\u20132
Commodity hedges
27,171
861
\u2013458
26,537
2,862
\u20131,531
Foreign currency risk
USD
159
3
\u20130
266
7
\u20130
SEK
123
7
\u2014
157
\u2014
\u20134
Foreign currency hedges (designated in hedge
relationship)1
282
10
\u20130
423
7
\u20134
USD
702
5
\u201311
1,207
4
\u201310
NOK
817
23
\u20130
2,493
1
\u201326
SEK
35
0
\u20130
26
0
\u20130
Other
153
1
\u20130
246
1
\u20134
Foreign currency hedges
1,707
29
\u201311
3,972
5
\u201339
Interest rate risk
Interest rate hedges (designated in hedge
relationship)1
100
3
\u2014
103
6
\u2014
1 Including ineffective part of hedges designated in a hedging relationship
2 Includes derivatives for European Emission Allowances
Cash flow hedging \u2013 Impact of hedge accounting
In EUR mn
Forecast purchases
Forecast sales
Foreign
currency
Interest rate
Total
Commodity price risk
Foreign currency risk
Interest
rate risk
2023
Cash flow hedge reserve as of
January 1 (net of tax)
245
8
3
7
264
Gains (+)/losses (\u2013) of the period
recognized in OCI
\u2013326
\u201324
5
\u20132
\u2013347
Amounts reclassified to the income statement
\u201362
24
1
\u20134
\u201340
Amounts reclassified to the balance sheet
42
\u2014
\u2014
\u2014
42
Tax effects
80
\u20130
\u20131
1
80
Cash flow hedge reserve as
of December 31 (net of tax)
\u201321
9
7
2
\u20132
Hedge ineffectiveness recognized in the income statement
\u2014
0
\u2014
\u2014
0
2022
Cash flow hedge reserve as of
January 1 (net of tax)
243
\u20139
\u20136
2
230
Gains (+)/losses (\u2013) of the period
recognized in OCI
360
\u201340
\u201316
7
310
Amounts reclassified to the income statement
\u2013422
63
21
\u2014
\u2013338
Amounts reclassified to the balance sheet
57
\u2014
6
\u2014
63
Tax effects
8
\u20135
\u20133
\u20132
\u20132
Cash flow hedge reserve as
of December 31 (net of tax)
245
8
3
7
264
Hedge ineffectiveness recognized in the income statement
\u20131
1
\u2014
\u2014
\u20131
Reserve for unrealized exchange gains (+)/losses (\u2013) for net investment hedge1
In EUR mn
Foreign currency risk
2023
2022
Reserve as of January 1 (net of tax)
\u201313
\u20135
Valuation of the USD loans
6
\u201313
Amounts reclassified to the income statement
\u2014
2
Tax effects
\u20131
3
Reserve as of December 31 (net of tax)
\u20139
\u201313
1 Included in currency translation differences within other comprehensive income
Impact of fair value hedge accounting on the income statement and statement of financial position
In EUR mn
Hedged Item
Carrying amount
Cumulative amount of fair value hedge adjustment included in the carrying amount of the hedged item
Effective gains (+) /losses (\u2013) of the period recognized in the income statement
Line item in the statement of financial positions
Liabilities
2023
Non-financial liability
28
\u20138
1
Other liabilities
2022
Non-financial liability
132
2
\u20136
Other liabilities
At December 31, 2023, and December 31, 2022, the Group held the following cash flow, fair value, and net investment hedging relationships. The table shows the profile of the timing (maturity) of the nominal amount of the hedging instruments:
Impact of hedge accounting on the statement of financial position
In EUR mn
Forecast purchases
Forecast sales
Recognized liability
Net investment hedge
Foreign
currency
Interest hedges
Commodity price risk
Foreign currency risk
Interest
rate risk
Total
2023
Nominal value
1,447
85
29
109
282
100
2,052
Below one year
1,251
85
29
44
282
100
1,792
More than one year
196
\u2014
\u2014
64
\u2014
\u2014
260
Fair value \u2013 assets
39
\u2014
n.a.
10
3
52
Fair value \u2013 liabilities
66
1
n.a.
0
\u2014
67
2022
Nominal value
1,168
385
145
150
423
103
2,374
Below one year
999
385
145
38
423
\u2014
1,989
More than one year
169
\u2014
\u2014
113
\u2014
103
385
Fair value \u2013 assets
357
10
n.a.
7
6
380
Fair value \u2013 liabilities
37
4
n.a.
4
\u2014
44
Commodity price risk
European Emission Allowances
Electricity prices
Chemicals & Materials
Fuels & Feedstock
Energy
Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock
Foreign exchange risk management
Interest rate management
Sensitivity analysis
Sensitivity analysis for open commodity derivatives affecting profit before tax
In EUR mn
2023
2022
Market price
+10%
Market price
\u201310%
Market price
+10%
Market price
\u201310%
Oil incl. oil products
\u20134
4
4
\u20134
Oil incl. oil products \u2013 designated in a hedge relationship1
3
\u20133
14
\u201314
Gas
\u201334
34
10
\u201310
Power
2
\u20132
13
\u201313
Other2
28
\u201328
43
\u201343
Total
\u20134
4
83
\u201383
1 Includes hedging instruments designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. For further details see section Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock.
2 Includes derivatives for European Emission Allowances
Sensitivity analysis for open commodity derivatives affecting other comprehensive income before tax
In EUR mn
2023
2022
Market price
+10%
Market price
\u201310%
Market price
+10%
Market price
\u201310%
Oil incl. oil products
\u201334
34
\u201339
39
Gas
2
\u20132
5
\u20135
Power
31
\u201331
48
\u201348
Commodity hedges (designated
in a hedge relationship)
\u20131
1
15
\u201315
For financial instruments, sensitivity analysis is performed for changes in foreign exchange rates of currencies material to the Group. On Group level, the EUR\u2013RON sensitivity not only includes the net RON exposure versus the EUR but also the net RON exposure versus the USD, since the USD\u2013RON exposure can be split into EUR\u2013RON and EUR\u2013USD exposure. The same is true for the EUR\u2013NOK, EUR\u2013SEK and EUR\u2013NZD exposure.
Sensitivity analysis for financial instruments affecting profit before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013RON
\u201312
12
8
\u20138
EUR\u2013USD
1
\u20131
8
\u20138
EUR\u2013NZD
\u20136
6
\u20132
2
EUR\u2013NOK
7
\u20137
23
\u201323
EUR\u2013SEK
\u20134
4
\u20133
3
1 Refers only to financial instruments and is not the same as the Group\u2019s overall foreign exchange rate sensitivity in terms of operating result.
Sensitivity analysis for financial instruments affecting other comprehensive income before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013USD
28
\u201328
43
\u201343
EUR\u2013SEK
\u201312
12
\u201316
16
1 Including sensitivity of the net investment hedge
Credit risk management
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
31 Fair value hierarchy
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.

Financial liabilities for which fair values are disclosed
In EUR mn
Carrying amount
Fair value
Fair value level
Level 1
Level 2
Level 3
2023
Bonds
6,073
5,766
5,766
\u2014
\u2014
Other interest-bearing debt
1,470
1,349
\u2014
1,349
\u2014
Financial liabilities
7,543
7,115
5,766
1,349
\u2014
2022
Bonds
7,320
6,747
6,747
\u2014
\u2014
Other interest-bearing debt
1,487
1,320
\u2014
1,320
\u2014
Financial liabilities
8,807
8,067
6,747
1,320
\u2014
32 Offsetting of financial assets and financial liabilities
Offsetting of financial assets
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Liabilities with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
20
3,359
\u20132,417
942
\u2013122
820
Trade receivables
20
4,535
\u20131,081
3,455
\u201365
3,390
Other sundry financial assets
20
1,626
\u201313
1,612
\u20131
1,611
Total
9,520
\u20133,511
6,009
\u2013187
5,822
2022
Derivative financial instruments
13,466
\u201310,219
3,247
\u2013547
2,700
Trade receivables
6,086
\u20131,864
4,222
\u2013106
4,116
Other sundry financial assets
1,892
\u201342
1,850
\u20131
1,849
Total
21,444
\u201312,125
9,318
\u2013654
8,664
Offsetting of financial liabilities
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Assets with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
26
2,953
\u20132,417
536
\u2013122
415
Trade payables
26
5,035
\u20131,081
3,955
\u201365
3,890
Other sundry financial liabilities
26
1,217
\u201313
1,204
\u20131
1,203
Total
9,206
\u20133,511
5,695
\u2013187
5,508
2022
Derivative financial instruments
11,835
\u201310,219
1,615
\u2013547
1,068
Trade payables
7,123
\u20131,864
5,259
\u2013106
5,153
Other sundry financial liabilities
1,089
\u201342
1,047
\u20131
1,046
Total
20,046
\u201312,125
7,921
\u2013654
7,267
33 Result on financial instruments
Result on financial instruments
In EUR mn
Amount
Financial
instruments at fair value
through profit or loss
Equity instruments
designated as
measured at
fair value through
other
comprehensive
income
Financial
assets at
amortized
cost
Financial
liabilities at
amortized
cost
2023
Fair value changes of financial
assets and derivatives
111
111
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201338
\u2014
\u2014
\u201338
\u2014
Result on financial instruments
within operating result
73
111
\u2014
\u201338
\u2014
Dividend income
10
\u2014
4
\u2014
\u2014
Interest income
473
\u2014
\u2014
473
\u2014
Interest expenses
\u2013415
\u20133
\u2014
\u2014
\u2013148
Fair value changes of financial instruments
\u201321
\u201321
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013191
\u2013191
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201377
\u201377
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20135
\u2014
\u2014
\u20132
\u2014
Other
\u20136
\u20130
\u20131
0
\u20135
Result on financial instruments
within financial result
\u2013232
\u2013292
3
471
\u2013153
2022
Fair value changes of financial
assets and derivatives
1,029
1,029
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201343
\u2014
\u2014
\u201343
\u2014
Result on financial instruments
within operating result
986
1,029
\u2014
\u201343
\u2014
Dividend income
11
\u2014
11
\u2014
\u2014
Interest income
269
\u2014
\u2014
269
\u2014
Interest expenses
\u2013417
\u20134
\u2014
\u2014
\u2013161
Fair value changes of financial instruments
\u2013374
\u2013374
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013186
\u2013186
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201346
\u201346
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20131,007
\u2014
\u2014
\u20131,007
\u2014
Other
\u201312
0
\u2014
0
\u201312
Result on financial instruments
within financial result
\u20131,761
\u2013609
11
\u2013739
\u2013173
38 Unconsolidated structured entities
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-110": { "value": "
11 Personnel expenses
Personnel expenses
In EUR mn
2023
2022
Wages and salaries
1,365
1,314
Costs of defined benefit plans
31
30
Costs of defined contribution plans
62
77
Personnel reduction schemes
9
3
Other employee benefits
250
275
Taxes and social contributions
305
309
Personnel expenses
2,023
2,009
Share-based payments were part of other employee benefits. For further information please refer to Note 34 \u2013 Share-based payments.
15 Earnings Per Share
Earnings Per Share (EPS)
2023
2022
Basic
Diluted
Basic
Diluted
Earnings attributable to stockholders of
the parent in EUR mn
1,480
1,480
3,634
3,634
Weighted average number of shares outstanding
326,940,897
327,169,060
326,897,763
327,136,798
Earnings Per Share in EUR
4.53
4.52
11.12
11.11
34 Share-based payments
Long Term Incentive (LTI) plans
Long-Term Incentive Plans
2023 plan
2022 plan
2021 plan
2020 plan
Start of plan
01/01/2023
01/01/2022
01/01/2021
01/01/2020
End of performance period
12/31/2025
12/31/2024
12/31/2023
12/31/2022
Vesting date
03/31/2026
03/31/2025
03/31/2024
03/31/2023
Shareholding requirement
Executive Board Chairman

200% of
annual gross
base salary
200% of
annual gross
base salary
200% of
annual gross
base salary
200% of
annual gross
base salary
Executive Board Deputy Chairman


175% of
annual gross
base salary

175% of
annual gross
base salary

175% of
annual gross
base salary

175% of
annual gross
base salary
Other Executive Board members


150% of
annual gross
base salary

150% of
annual gross
base salary

150% of
annual gross
base salary

150%
of annual gross
base salary
Senior Managers



75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive
Expected shares as of December 31, 2023
357,842
287,735
501,677
\u2014
Maximum shares as of December 31, 2023
761,728
674,776
794,894
\u2014
Fair value of plan (in EUR mn) as of
December 31, 2023\u00b9
14
11
20
\u2014
Provision (in EUR mn) as of December 31,
2023\u00b9
3
5
16
\u2014
1 Excluding incidental wage costs
Equity Deferral
Personal investment held in shares1
12/31/2023
Active Executive Board members
Stern
24,434
Florey
49,930
van Koten
4,385
Former Executive Board members
Pleininger2
14,933
Skvortsova3
6,636
Seele4
12,190
Gangl5
16,680
Total \u2014 Executive Board
129,188
Other Senior Managers
255,539
Total personal investment
384,727
1 Personal investment held in shares refer to open LTI plans and Equity Deferral if shares are held in the OMV trustee deposit.
2 Johann Pleininger resigned from the Executive Board effective December 31, 2022.
3 Elena Skvortsova resigned from the Executive Board effective October 31, 2022.
4 Rainer Seele resigned from the Executive Board effective August 31, 2021.
5 Thomas Gangl took part in the LTIP 2020 as an Executive Board member. In 2021, he took part as both Executive Board member and Senior Manager. He resigned from the Executive Board effective March 31, 2021.
Total Expenses
In 2021, Borealis implemented a transitional LTI plan for 2021 and 2022 in order to bridge the cash gaps that arise from migrating to the new three-year plan. Transitional LTI plan allowances for 2021 and 2022 are based on the same KPIs as for the three-year LTI plan but measured on an annual basis and are settled in cash. Expenses related to all share-based payment transactions are summarized in the table below.
Expenses related to share-based payment transactions1
In EUR mn
2023
2022
Cash settled
6
15
Equity settled
6
7
Total expenses arising from share based payment transactions
12
22
1 Excluding incidental wage costs
Key management personnel compensation
Remuneration received by active members of the Executive Board as of December 31, 2023
In EUR mn
2023
Stern
Florey
Gaso4
van Koten
Vlad8
Total
Short-term benefits
2.16
1.83
1.24
1.31
0.86
7.39
Fixed (base salary)
0.99
0.81
0.50
0.58
0.53
3.41
Fixed (one-off payment)
\u2014
\u2014
0.635
\u2014
0.269
0.89
Variable (cash bonus)1
1.16
0.97
\u2014
0.70
\u2014
2.83
Benefits in kind2
0.01
0.053
0.116
0.037
0.0710
0.26
Post-employment benefits
0.25
0.20
0.13
0.14
0.13
0.86
Pension fund contributions
0.25
0.20
0.13
0.14
0.13
0.86
Share-based benefits
0.68
1.04
\u2014
0.31
\u2014
2.04
Variable (Equity Deferral 2022)
0.68
0.57
\u2014
0.31
\u2014
1.56
Variable (LTIP 2020)
\u2014
0.48
\u2014
\u2014
\u2014
0.48
Remuneration received by the Executive Board
3.09
3.07
1.37
1.76
0.99
10.28
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Including schooling costs and related taxes
4 Berislav Gaso joined the Executive Board on March 1, 2023.
5 Berislav Gaso received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from the MOL Group to OMV Aktiengesellschaft.
6 Including relocation, rental costs, and related taxes
7 Including car allowances
8 Daniela Vlad joined the Executive Board on February 1, 2023.
9 Daniela Vlad received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from AkzoNobel N.V. to OMV Aktiengesellschaft.
10 Including relocation, rental costs, and related taxes
Remuneration received by former members of the Executive Board as of December 31, 2023
In EUR mn
2023
Pleininger3
Skvortsova5
Seele7
Gangl8
Total
Short-term benefits
1.52
1.04
0.72
\u2014
3.28
Fixed (base salary)
0.25
0.26
\u2014
\u2014
0.51
Fixed (one-off payment)
0.274
\u2014
\u2014
\u2014
0.27
Variable (cash bonus)1
1.00
0.70
0.72
\u2014
2.42
Benefits in kind2
0.00
0.086
\u2014
\u2014
0.08
Post-employment benefits
0.12
0.07
\u2014
\u2014
0.19
Pension fund contributions
0.12
0.07
\u2014
\u2014
0.19
Share-based benefits
1.26
0.55
2.16
0.44
4.40
Variable (Equity Deferral 2022)
0.65
0.31
0.32
\u2014
1.27
Variable (LTIP 2020)
0.61
0.24
1.84
0.44
3.13
Remuneration received by
former Executive Board members
2.90
1.66
2.88
0.44
7.87
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
4 Johann Pleininger received compensation for the shortened phase-out period for the period from May 1 until August 31, 2023.
5 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
6 Including rental, advisory costs, and related taxes
7 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
8 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
Remuneration received by the Executive Board
In EUR mn
2022
active members of the Executive
Board as of December 31, 2022
former members of the
Executive Board
Stern
Pleininger2
Florey
van Koten
Skvortsova4
Seele6
Gangl7
Leitner9
Total
Short-term benefits
1.59
1.47
1.55
0.85
1.16
1.57
0.12
\u2014
8.32
Fixed (base salary)
0.99
0.75
0.81
0.58
0.58
0.55
\u2014
\u2014
4.25
Variable (cash bonus)1
0.59
0.71
0.69
0.25
0.50
1.02
0.12
\u2014
3.87
Benefits in kind
0.01
0.01
0.053
0.03
0.095
0.01
\u2014
\u2014
0.20
Post-employment benefits
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Pension fund
contributions
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Share-based benefits
0.29
1.33
1.03
0.10
0.21
3.13
0.37
0.70
7.16
Variable
(Equity Deferral 2021)
0.29
0.44
0.34
0.10
0.21
0.43
0.05
\u2014
1.85
Variable (LTIP 2019)
\u2014
0.90
0.70
\u2014
\u2014
2.70
0.328
0.70
5.31
Remuneration received by the Executive Board
2.12
3.00
2.78
1.10
1.51
4.84
0.49
0.70
16.54
1 The variable components relate to target achievement in 2021, for which bonuses were paid in 2022.
2 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
3 Including schooling costs and related taxes
4 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
5 Including rental, storage costs, and related taxes
6 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
7 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
8 Thomas Gangl received additionally a cash payment in the amount of EUR 0.08 mn based on the Senior Manager LTIP 2019.
9 Manfred Leitner resigned from the Executive Board effective June 30, 2019.
Remuneration received by top executives (excl. Executive Board)1
In EUR mn
2023
2022
Salaries and bonuses
28.5
25.1
Pension fund contributions
1.5
1.4
Other post-employment benefits including termination benefits
2.5
1.1
Share-based benefits
6.4
5.8
Other long-term benefits
0.1
1.2
Remuneration received by top executives (excl. Executive Board)2
39.0
34.6
1 In 2023, there were on average 51 top executives (2022: 47) based on the months of service in the Group.
2 2022 included remuneration of Martijn van Koten for his previous function as Executive Board member of the Borealis Group
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-111": { "value": "
12 Net financial result
Interest income
In EUR mn
2023
2022
Cash and cash equivalents
355
193
Discounted receivables
14
5
Other financial and non-financial assets
35
20
Loans
69
51
Interest income
473
269
Interest income from loans included EUR\u00a059\u00a0mn (2022:\u00a0EUR\u00a032\u00a0mn) from the loan agreement with Bayport Polymers LLC. In 2022, this position additionally contained EUR\u00a017\u00a0mn related to the Nord Stream 2 financing agreement. For further details see Note 20 \u2013 Financial assets.
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
Other financial income and expenses
In EUR mn
2023
2022
Carrying amount of sold trade and other receivables
\u201311,825
\u201310,857
Proceeds on sold trade and other receivables
11,748
10,811
Financing charges for factoring and securitization
\u201377
\u201346
Net foreign exchange gains (+)/losses (\u2013)
\u201329
95
Other
\u201332
\u20131,393
Other financial income and expenses
\u2013138
\u20131,345
Based on this latest development and the unchanged situation with regard to the Russian war on Ukraine, OMV considers its investments in YRGM and SNGP to have a fair value of nil as of December 31, 2023, leading to a further negative fair value adjustment in the financial result for 2023 in the amount of EUR\u00a023\u00a0mn.
Present value of obligations
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Present value of obligations as of January 1
1,302
135
1,639
150
Current service costs
21
4
24
10
Interest costs
46
6
18
2
Amounts recognized in the income statement
67
9
42
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Total remeasurements of the period (OCI)
52
13
\u2013279
\u201312
Actual benefit payments
\u201389
\u201313
\u201391
\u201310
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
\u20131
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Present value of obligations as of December 31
1,332
145
1,302
135
Fair value of plan assets
In EUR mn
2023
2022
Fair value of plan assets as of January\u00a01
526
595
Interest income
19
6
Return on plan assets (OCI)
6
\u201339
Actual benefit payments
\u201357
\u201354
Actual employer contributions
104
18
Currency translation differences
\u20131
\u20130
Fair value of plan assets as of December\u00a031
598
526
Provisions and expenses
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Provisions as of January\u00a01
775
135
1,044
150
Current service costs
21
4
24
10
Net interest costs
27
6
12
2
Amounts recognized in the income statement
48
9
36
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Return on plan assets
\u20136
\u2014
39
\u2014
Total remeasurements of the period (OCI)
46
13
\u2013240
\u201312
Actual benefit payments
\u201332
\u201313
\u201337
\u201310
Actual employer contributions
\u2013104
\u2014
\u201318
\u2014
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
0
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Provisions as of December\u00a031
734
145
775
135
Provisions for decommissioning and restoration obligations
In EUR mn
Carrying amount
January 1, 2023
3,796
Currency translation differences
\u201394
New obligations
15
Increase arising from revisions in estimates
534
Reduction arising from revisions in estimates
\u2013151
Unwinding of discounting
201
Reclassification to liabilities associated with assets held for sale
\u20137
Usage, disposals, and other changes
\u2013147
December 31, 2023
4,148
thereof short-term as of December 31, 2023
69
thereof short-term as of January 1, 2023
82
33 Result on financial instruments
Result on financial instruments
In EUR mn
Amount
Financial
instruments at fair value
through profit or loss
Equity instruments
designated as
measured at
fair value through
other
comprehensive
income
Financial
assets at
amortized
cost
Financial
liabilities at
amortized
cost
2023
Fair value changes of financial
assets and derivatives
111
111
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201338
\u2014
\u2014
\u201338
\u2014
Result on financial instruments
within operating result
73
111
\u2014
\u201338
\u2014
Dividend income
10
\u2014
4
\u2014
\u2014
Interest income
473
\u2014
\u2014
473
\u2014
Interest expenses
\u2013415
\u20133
\u2014
\u2014
\u2013148
Fair value changes of financial instruments
\u201321
\u201321
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013191
\u2013191
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201377
\u201377
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20135
\u2014
\u2014
\u20132
\u2014
Other
\u20136
\u20130
\u20131
0
\u20135
Result on financial instruments
within financial result
\u2013232
\u2013292
3
471
\u2013153
2022
Fair value changes of financial
assets and derivatives
1,029
1,029
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201343
\u2014
\u2014
\u201343
\u2014
Result on financial instruments
within operating result
986
1,029
\u2014
\u201343
\u2014
Dividend income
11
\u2014
11
\u2014
\u2014
Interest income
269
\u2014
\u2014
269
\u2014
Interest expenses
\u2013417
\u20134
\u2014
\u2014
\u2013161
Fair value changes of financial instruments
\u2013374
\u2013374
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013186
\u2013186
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201346
\u201346
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20131,007
\u2014
\u2014
\u20131,007
\u2014
Other
\u201312
0
\u2014
0
\u201312
Result on financial instruments
within financial result
\u20131,761
\u2013609
11
\u2013739
\u2013173
The discount was recognized in profit or loss and amounted in total to EUR\u00a053\u00a0mn in 2023 (2022: EUR \u00a037\u00a0mn). Interest income on the notes held in Carnuntum DAC amounted to EUR\u00a012\u00a0mn in 2023 (2022: EUR\u00a05\u00a0mn).", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-112": { "value": "
Interest income
In EUR mn
2023
2022
Cash and cash equivalents
355
193
Discounted receivables
14
5
Other financial and non-financial assets
35
20
Loans
69
51
Interest income
473
269
Interest income from loans included EUR\u00a059\u00a0mn (2022:\u00a0EUR\u00a032\u00a0mn) from the loan agreement with Bayport Polymers LLC. In 2022, this position additionally contained EUR\u00a017\u00a0mn related to the Nord Stream 2 financing agreement. For further details see Note 20 \u2013 Financial assets.
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
Present value of obligations
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Present value of obligations as of January 1
1,302
135
1,639
150
Current service costs
21
4
24
10
Interest costs
46
6
18
2
Amounts recognized in the income statement
67
9
42
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Total remeasurements of the period (OCI)
52
13
\u2013279
\u201312
Actual benefit payments
\u201389
\u201313
\u201391
\u201310
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
\u20131
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Present value of obligations as of December 31
1,332
145
1,302
135
Fair value of plan assets
In EUR mn
2023
2022
Fair value of plan assets as of January\u00a01
526
595
Interest income
19
6
Return on plan assets (OCI)
6
\u201339
Actual benefit payments
\u201357
\u201354
Actual employer contributions
104
18
Currency translation differences
\u20131
\u20130
Fair value of plan assets as of December\u00a031
598
526
Provisions and expenses
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Provisions as of January\u00a01
775
135
1,044
150
Current service costs
21
4
24
10
Net interest costs
27
6
12
2
Amounts recognized in the income statement
48
9
36
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Return on plan assets
\u20136
\u2014
39
\u2014
Total remeasurements of the period (OCI)
46
13
\u2013240
\u201312
Actual benefit payments
\u201332
\u201313
\u201337
\u201310
Actual employer contributions
\u2013104
\u2014
\u201318
\u2014
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
0
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Provisions as of December\u00a031
734
145
775
135
Provisions for decommissioning and restoration obligations
In EUR mn
Carrying amount
January 1, 2023
3,796
Currency translation differences
\u201394
New obligations
15
Increase arising from revisions in estimates
534
Reduction arising from revisions in estimates
\u2013151
Unwinding of discounting
201
Reclassification to liabilities associated with assets held for sale
\u20137
Usage, disposals, and other changes
\u2013147
December 31, 2023
4,148
thereof short-term as of December 31, 2023
69
thereof short-term as of January 1, 2023
82
33 Result on financial instruments
Result on financial instruments
In EUR mn
Amount
Financial
instruments at fair value
through profit or loss
Equity instruments
designated as
measured at
fair value through
other
comprehensive
income
Financial
assets at
amortized
cost
Financial
liabilities at
amortized
cost
2023
Fair value changes of financial
assets and derivatives
111
111
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201338
\u2014
\u2014
\u201338
\u2014
Result on financial instruments
within operating result
73
111
\u2014
\u201338
\u2014
Dividend income
10
\u2014
4
\u2014
\u2014
Interest income
473
\u2014
\u2014
473
\u2014
Interest expenses
\u2013415
\u20133
\u2014
\u2014
\u2013148
Fair value changes of financial instruments
\u201321
\u201321
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013191
\u2013191
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201377
\u201377
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20135
\u2014
\u2014
\u20132
\u2014
Other
\u20136
\u20130
\u20131
0
\u20135
Result on financial instruments
within financial result
\u2013232
\u2013292
3
471
\u2013153
2022
Fair value changes of financial
assets and derivatives
1,029
1,029
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201343
\u2014
\u2014
\u201343
\u2014
Result on financial instruments
within operating result
986
1,029
\u2014
\u201343
\u2014
Dividend income
11
\u2014
11
\u2014
\u2014
Interest income
269
\u2014
\u2014
269
\u2014
Interest expenses
\u2013417
\u20134
\u2014
\u2014
\u2013161
Fair value changes of financial instruments
\u2013374
\u2013374
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013186
\u2013186
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201346
\u201346
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20131,007
\u2014
\u2014
\u20131,007
\u2014
Other
\u201312
0
\u2014
0
\u201312
Result on financial instruments
within financial result
\u20131,761
\u2013609
11
\u2013739
\u2013173
Interest income on the notes held in Carnuntum DAC amounted to EUR\u00a012\u00a0mn in 2023 (2022: EUR\u00a05\u00a0mn).", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-113": { "value": "
Interest income
In EUR mn
2023
2022
Cash and cash equivalents
355
193
Discounted receivables
14
5
Other financial and non-financial assets
35
20
Loans
69
51
Interest income
473
269
Interest income from loans included EUR\u00a059\u00a0mn (2022:\u00a0EUR\u00a032\u00a0mn) from the loan agreement with Bayport Polymers LLC. In 2022, this position additionally contained EUR\u00a017\u00a0mn related to the Nord Stream 2 financing agreement. For further details see Note 20 \u2013 Financial assets.
Other financial income and expenses
In EUR mn
2023
2022
Carrying amount of sold trade and other receivables
\u201311,825
\u201310,857
Proceeds on sold trade and other receivables
11,748
10,811
Financing charges for factoring and securitization
\u201377
\u201346
Net foreign exchange gains (+)/losses (\u2013)
\u201329
95
Other
\u201332
\u20131,393
Other financial income and expenses
\u2013138
\u20131,345
Fair value of plan assets
In EUR mn
2023
2022
Fair value of plan assets as of January\u00a01
526
595
Interest income
19
6
Return on plan assets (OCI)
6
\u201339
Actual benefit payments
\u201357
\u201354
Actual employer contributions
104
18
Currency translation differences
\u20131
\u20130
Fair value of plan assets as of December\u00a031
598
526
33 Result on financial instruments
Result on financial instruments
In EUR mn
Amount
Financial
instruments at fair value
through profit or loss
Equity instruments
designated as
measured at
fair value through
other
comprehensive
income
Financial
assets at
amortized
cost
Financial
liabilities at
amortized
cost
2023
Fair value changes of financial
assets and derivatives
111
111
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201338
\u2014
\u2014
\u201338
\u2014
Result on financial instruments
within operating result
73
111
\u2014
\u201338
\u2014
Dividend income
10
\u2014
4
\u2014
\u2014
Interest income
473
\u2014
\u2014
473
\u2014
Interest expenses
\u2013415
\u20133
\u2014
\u2014
\u2013148
Fair value changes of financial instruments
\u201321
\u201321
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013191
\u2013191
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201377
\u201377
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20135
\u2014
\u2014
\u20132
\u2014
Other
\u20136
\u20130
\u20131
0
\u20135
Result on financial instruments
within financial result
\u2013232
\u2013292
3
471
\u2013153
2022
Fair value changes of financial
assets and derivatives
1,029
1,029
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201343
\u2014
\u2014
\u201343
\u2014
Result on financial instruments
within operating result
986
1,029
\u2014
\u201343
\u2014
Dividend income
11
\u2014
11
\u2014
\u2014
Interest income
269
\u2014
\u2014
269
\u2014
Interest expenses
\u2013417
\u20134
\u2014
\u2014
\u2013161
Fair value changes of financial instruments
\u2013374
\u2013374
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013186
\u2013186
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201346
\u201346
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20131,007
\u2014
\u2014
\u20131,007
\u2014
Other
\u201312
0
\u2014
0
\u201312
Result on financial instruments
within financial result
\u20131,761
\u2013609
11
\u2013739
\u2013173
Interest income on the notes held in Carnuntum DAC amounted to EUR\u00a012\u00a0mn in 2023 (2022: EUR\u00a05\u00a0mn).", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-114": { "value": "
Interest income
In EUR mn
2023
2022
Cash and cash equivalents
355
193
Discounted receivables
14
5
Other financial and non-financial assets
35
20
Loans
69
51
Interest income
473
269
Interest income from loans included EUR\u00a059\u00a0mn (2022:\u00a0EUR\u00a032\u00a0mn) from the loan agreement with Bayport Polymers LLC. In 2022, this position additionally contained EUR\u00a017\u00a0mn related to the Nord Stream 2 financing agreement. For further details see Note 20 \u2013 Financial assets.
Fair value of plan assets
In EUR mn
2023
2022
Fair value of plan assets as of January\u00a01
526
595
Interest income
19
6
Return on plan assets (OCI)
6
\u201339
Actual benefit payments
\u201357
\u201354
Actual employer contributions
104
18
Currency translation differences
\u20131
\u20130
Fair value of plan assets as of December\u00a031
598
526
33 Result on financial instruments
Result on financial instruments
In EUR mn
Amount
Financial
instruments at fair value
through profit or loss
Equity instruments
designated as
measured at
fair value through
other
comprehensive
income
Financial
assets at
amortized
cost
Financial
liabilities at
amortized
cost
2023
Fair value changes of financial
assets and derivatives
111
111
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201338
\u2014
\u2014
\u201338
\u2014
Result on financial instruments
within operating result
73
111
\u2014
\u201338
\u2014
Dividend income
10
\u2014
4
\u2014
\u2014
Interest income
473
\u2014
\u2014
473
\u2014
Interest expenses
\u2013415
\u20133
\u2014
\u2014
\u2013148
Fair value changes of financial instruments
\u201321
\u201321
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013191
\u2013191
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201377
\u201377
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20135
\u2014
\u2014
\u20132
\u2014
Other
\u20136
\u20130
\u20131
0
\u20135
Result on financial instruments
within financial result
\u2013232
\u2013292
3
471
\u2013153
2022
Fair value changes of financial
assets and derivatives
1,029
1,029
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201343
\u2014
\u2014
\u201343
\u2014
Result on financial instruments
within operating result
986
1,029
\u2014
\u201343
\u2014
Dividend income
11
\u2014
11
\u2014
\u2014
Interest income
269
\u2014
\u2014
269
\u2014
Interest expenses
\u2013417
\u20134
\u2014
\u2014
\u2013161
Fair value changes of financial instruments
\u2013374
\u2013374
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013186
\u2013186
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201346
\u201346
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20131,007
\u2014
\u2014
\u20131,007
\u2014
Other
\u201312
0
\u2014
0
\u201312
Result on financial instruments
within financial result
\u20131,761
\u2013609
11
\u2013739
\u2013173
Interest income on the notes held in Carnuntum DAC amounted to EUR\u00a012\u00a0mn in 2023 (2022: EUR\u00a05\u00a0mn).", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-115": { "value": "
Interest income
In EUR mn
2023
2022
Cash and cash equivalents
355
193
Discounted receivables
14
5
Other financial and non-financial assets
35
20
Loans
69
51
Interest income
473
269
28 Consolidated Statement of Cash Flows
Cash and cash equivalents
In EUR mn
2023
2022
Cash at bank and in hand
884
808
Short-term deposits
6,126
7,316
Cash and cash equivalents
7,011
8,124
Capital management \u2013 key performance measures
In EUR mn (unless otherwise stated)
2023
2022
Bonds
6,073
7,320
Lease liabilities
1,587
1,524
Other interest-bearing debts
1,470
1,487
Debt
9,130
10,331
Cash and cash equivalents
7,011
8,124
Net debt1
2,120
2,207
Equity
25,369
26,628
Leverage ratio2 in %
8
8
1 Including items that were reclassified to assets or liabilities held for sale
2 The leverage ratio is defined as (net debt including leases)/(equity + net debt including leases).
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-116": { "value": "
Interest income
In EUR mn
2023
2022
Cash and cash equivalents
355
193
Discounted receivables
14
5
Other financial and non-financial assets
35
20
Loans
69
51
Interest income
473
269
Interest income from loans included EUR\u00a059\u00a0mn (2022:\u00a0EUR\u00a032\u00a0mn) from the loan agreement with Bayport Polymers LLC. In 2022, this position additionally contained EUR\u00a017\u00a0mn related to the Nord Stream 2 financing agreement. For further details see Note 20 \u2013 Financial assets.
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
Other financial income and expenses
In EUR mn
2023
2022
Carrying amount of sold trade and other receivables
\u201311,825
\u201310,857
Proceeds on sold trade and other receivables
11,748
10,811
Financing charges for factoring and securitization
\u201377
\u201346
Net foreign exchange gains (+)/losses (\u2013)
\u201329
95
Other
\u201332
\u20131,393
Other financial income and expenses
\u2013138
\u20131,345
Financial assets
In EUR mn
Valued at fair value through profit or loss
Valued at
fair value through other comprehen-
sive income
Valued at amortized cost
Total
carrying
amount
thereof
short-term
thereof
long-term
2023
Trade receivables from contracts with customers
99
\u2014
2,571
2,670
2,670
\u2014
Other trade receivables
\u2014
\u2014
785
785
785
\u2014
Total trade receivables
99
\u2014
3,356
3,455
3,455
\u2014
Equity investments
1
56
\u2014
57
\u2014
57
Investment funds
28
\u2014
\u2014
28
\u2014
28
Bonds
\u2014
\u2014
285
285
245
39
Derivatives designated and effective as hedging instruments
\u2014
52
\u2014
52
50
2
Other derivatives
890
\u2014
\u2014
890
692
198
Loans
\u2014
\u2014
910
910
5
905
Other sundry financial assets
2
\u2014
1,610
1,612
1,139
474
Total other financial assets
921
108
2,805
3,834
2,130
1,704
Financial assets
1,020
108
6,160
7,288
5,584
1,704
2022
Trade receivables from contracts with customers
136
\u2014
3,351
3,487
3,487
\u2014
Other trade receivables
\u2014
\u2014
735
735
735
\u2014
Total trade receivables
136
\u2014
4,086
4,222
4,222
\u2014
Equity investments
24
19
\u2014
42
\u2014
42
Investment funds
26
\u2014
\u2014
26
\u2014
26
Bonds
\u2014
\u2014
52
52
32
20
Derivatives designated and effective as hedging instruments
10
370
\u2014
380
263
116
Other derivatives
2,867
\u2014
\u2014
2,867
2,114
753
Loans
\u2014
\u2014
711
711
82
628
Other sundry financial assets
\u2014
\u2014
1,850
1,850
1,437
413
Total other financial assets
2,927
389
2,612
5,928
3,929
1,999
Financial assets
3,063
389
6,699
10,150
8,151
1,999
26 Liabilities
Liabilities
In EUR mn
2023
2022
Short-term
Long-term
Total
Short-term
Long-term
Total
Bonds
540
5,534
6,073
1,290
6,030
7,320
Other interest-bearing debts
427
1,043
1,470
128
1,359
1,487
Lease liabilities
181
1,404
1,585
155
1,322
1,476
Trade payables
3,955
\u2014
3,955
5,259
\u2014
5,259
Other financial liabilities
1,424
316
1,740
2,172
489
2,662
Other liabilities
1,613
102
1,715
1,527
124
1,652
Liabilities
8,140
8,398
16,538
10,531
9,325
19,856
Other interest-bearing debts predominantly referred to bank loans, but also included private placements and other funding instruments.
Bonds
International corporate bonds
In EUR mn
2023
2022
Nominal
Coupon
Repayment
Carrying
amount
December 31
Carrying
amount
December 31
EUR 750,000,000
0.00% fixed
06/16/2023
\u2014
749
EUR 500,000,000
0.75% fixed
12/04/2023
\u2014
500
EUR 500,000,000
1.50% fixed
04/09/2024
505
504
EUR 500,000,000
0.00% fixed
07/03/2025
499
498
EUR 300,000,000
1.75% fixed
12/10/2025
309
315
EUR 1,000,000,000
1.00% fixed
12/14/2026
997
996
EUR 750,000,000
3.50% fixed
09/27/2027
753
752
EUR 500,000,000
2.00% fixed
04/09/2028
506
506
EUR 500,000,000
1.875% fixed
12/04/2028
500
499
EUR 750,000,000
0.75% fixed
06/16/2030
749
748
EUR 750,000,000
2.375% fixed
04/09/2032
759
758
EUR 500,000,000
1.00% fixed
07/03/2034
497
496
International corporate bonds
6,073
7,320
Bonds and other interest-bearing debts
Bonds and other interest-bearing debts
In EUR mn
2023
2022
Short-term loan financing
106
65
Short-term component of long-term financing
860
1,353
Total short-term
967
1,417
Maturities of long-term financing
2024/2023 (short-term component of long-term financing)
860
1,353
2025/2024
1,149
823
2026/2025
1,189
1,149
2027/2026
875
1,185
2028/2027
1,158
871
2029/2028 and subsequent years
2,205
3,360
Total for 2024/2023 onward
7,436
8,742
Breakdown of bonds and other interest-bearing debts
In EUR mn
2023
2022
Weighted
average
interest rate
Weighted
average
interest rate
Bonds and other long-term interest-bearing debts1
Fixed rates
EUR
6,911
1.53%
8,148
1.34%
USD
265
4.06%
319
4.24%
Total
7,176
1.63%
8,467
1.45%
Variable rates2
EUR
45
4.85%
49
3.13%
USD
183
6.64%
190
5.04%
Other currencies
32
0.45%
36
0.45%
Total
260
5.57%
274
4.10%
Other short-term interest-bearing debts
EUR
52
\u2014
65
0.07%
NOK
54
\u2014
\u2014
\u2014
Total
106
\u2014
65
0.07%
1 Including short-term components of long-term debts
2 Rates at year-end
Financial liabilities (undiscounted cash flows)
In EUR mn
\u22641 year
1\u20135 years
>5 years
Total
2023
Bonds
597
3,845
2,113
6,555
Other interest-bearing debt
459
857
231
1,547
Lease liabilities
219
588
1,231
2,038
Trade payables
3,955
\u2014
\u2014
3,955
Derivative financial liabilities
393
157
\u2014
550
Other sundry financial liabilities1
1,039
82
139
1,260
Financial liabilities (undiscounted cash flows)
6,662
5,529
3,713
15,904
2022
Bonds
1,351
3,394
3,160
7,905
Other interest-bearing debts
141
1,018
393
1,552
Lease liabilities
186
514
1,131
1,831
Trade payables
5,259
\u2014
\u2014
5,259
Derivative financial liabilities
1,260
350
\u2014
1,610
Other sundry financial liabilities1
910
100
102
1,111
Financial liabilities (undiscounted cash flows)
9,107
5,375
4,786
19,268
1 Including the book value of the financial guarantees issued by Borealis to Bayport Polymers LLC; for further details on the guarantees and the maximum exposure related to it please refer to Note 30 \u2013 Risk management.
Cash flow from financing activities
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2023
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
7,320
1,487
1,524
10,331
Repayments of long-term borrowings
\u20131,250
\u201344
\u2013184
\u20131,477
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
40
\u2014
40
Total cash flows related to financing activities
\u20131,250
\u20133
\u2013184
\u20131,437
Currency translation differences
\u2014
\u201322
\u20134
\u201325
Changes in the consolidated group
\u2014
24
\u201323
1
Difference between interest expenses and interest paid
3
\u201315
1
\u201311
Other changes
\u2014
\u2014
2721
272
Total non-cash changes
3
\u201314
247
236
December 31
6,073
1,470
1,587
9,130
1 Mainly related to new lease agreements
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2022
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
8,070
1,765
1,191
11,026
Repayments of long-term borrowings
\u2013750
\u2013114
\u2013183
\u20131,047
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
\u2013184
\u2014
\u2013184
Total cash flows related to financing activities
\u2013750
\u2013298
\u2013183
\u20131,230
Currency translation differences
\u2014
31
2
33
Changes in the consolidated group
\u2014
\u2014
\u2013123
\u2013123
Difference between interest expenses and interest paid
0
\u201311
1
\u201311
Other changes
\u2014
\u2014
6361
636
Total non-cash changes
0
20
515
535
December 31
7,320
1,487
1,524
10,331
1 Mainly related to new lease agreements
Capital management \u2013 key performance measures
In EUR mn (unless otherwise stated)
2023
2022
Bonds
6,073
7,320
Lease liabilities
1,587
1,524
Other interest-bearing debts
1,470
1,487
Debt
9,130
10,331
Cash and cash equivalents
7,011
8,124
Net debt1
2,120
2,207
Equity
25,369
26,628
Leverage ratio2 in %
8
8
1 Including items that were reclassified to assets or liabilities held for sale
2 The leverage ratio is defined as (net debt including leases)/(equity + net debt including leases).
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
31 Fair value hierarchy
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.

Financial liabilities for which fair values are disclosed
In EUR mn
Carrying amount
Fair value
Fair value level
Level 1
Level 2
Level 3
2023
Bonds
6,073
5,766
5,766
\u2014
\u2014
Other interest-bearing debt
1,470
1,349
\u2014
1,349
\u2014
Financial liabilities
7,543
7,115
5,766
1,349
\u2014
2022
Bonds
7,320
6,747
6,747
\u2014
\u2014
Other interest-bearing debt
1,487
1,320
\u2014
1,320
\u2014
Financial liabilities
8,807
8,067
6,747
1,320
\u2014
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-117": { "value": "
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
Other financial income and expenses
In EUR mn
2023
2022
Carrying amount of sold trade and other receivables
\u201311,825
\u201310,857
Proceeds on sold trade and other receivables
11,748
10,811
Financing charges for factoring and securitization
\u201377
\u201346
Net foreign exchange gains (+)/losses (\u2013)
\u201329
95
Other
\u201332
\u20131,393
Other financial income and expenses
\u2013138
\u20131,345
Based on this latest development and the unchanged situation with regard to the Russian war on Ukraine, OMV considers its investments in YRGM and SNGP to have a fair value of nil as of December 31, 2023, leading to a further negative fair value adjustment in the financial result for 2023 in the amount of EUR\u00a023\u00a0mn.
Present value of obligations
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Present value of obligations as of January 1
1,302
135
1,639
150
Current service costs
21
4
24
10
Interest costs
46
6
18
2
Amounts recognized in the income statement
67
9
42
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Total remeasurements of the period (OCI)
52
13
\u2013279
\u201312
Actual benefit payments
\u201389
\u201313
\u201391
\u201310
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
\u20131
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Present value of obligations as of December 31
1,332
145
1,302
135
Provisions and expenses
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Provisions as of January\u00a01
775
135
1,044
150
Current service costs
21
4
24
10
Net interest costs
27
6
12
2
Amounts recognized in the income statement
48
9
36
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Return on plan assets
\u20136
\u2014
39
\u2014
Total remeasurements of the period (OCI)
46
13
\u2013240
\u201312
Actual benefit payments
\u201332
\u201313
\u201337
\u201310
Actual employer contributions
\u2013104
\u2014
\u201318
\u2014
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
0
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Provisions as of December\u00a031
734
145
775
135
Provisions for decommissioning and restoration obligations
In EUR mn
Carrying amount
January 1, 2023
3,796
Currency translation differences
\u201394
New obligations
15
Increase arising from revisions in estimates
534
Reduction arising from revisions in estimates
\u2013151
Unwinding of discounting
201
Reclassification to liabilities associated with assets held for sale
\u20137
Usage, disposals, and other changes
\u2013147
December 31, 2023
4,148
thereof short-term as of December 31, 2023
69
thereof short-term as of January 1, 2023
82
33 Result on financial instruments
Result on financial instruments
In EUR mn
Amount
Financial
instruments at fair value
through profit or loss
Equity instruments
designated as
measured at
fair value through
other
comprehensive
income
Financial
assets at
amortized
cost
Financial
liabilities at
amortized
cost
2023
Fair value changes of financial
assets and derivatives
111
111
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201338
\u2014
\u2014
\u201338
\u2014
Result on financial instruments
within operating result
73
111
\u2014
\u201338
\u2014
Dividend income
10
\u2014
4
\u2014
\u2014
Interest income
473
\u2014
\u2014
473
\u2014
Interest expenses
\u2013415
\u20133
\u2014
\u2014
\u2013148
Fair value changes of financial instruments
\u201321
\u201321
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013191
\u2013191
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201377
\u201377
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20135
\u2014
\u2014
\u20132
\u2014
Other
\u20136
\u20130
\u20131
0
\u20135
Result on financial instruments
within financial result
\u2013232
\u2013292
3
471
\u2013153
2022
Fair value changes of financial
assets and derivatives
1,029
1,029
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201343
\u2014
\u2014
\u201343
\u2014
Result on financial instruments
within operating result
986
1,029
\u2014
\u201343
\u2014
Dividend income
11
\u2014
11
\u2014
\u2014
Interest income
269
\u2014
\u2014
269
\u2014
Interest expenses
\u2013417
\u20134
\u2014
\u2014
\u2013161
Fair value changes of financial instruments
\u2013374
\u2013374
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013186
\u2013186
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201346
\u201346
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20131,007
\u2014
\u2014
\u20131,007
\u2014
Other
\u201312
0
\u2014
0
\u201312
Result on financial instruments
within financial result
\u20131,761
\u2013609
11
\u2013739
\u2013173
The discount was recognized in profit or loss and amounted in total to EUR\u00a053\u00a0mn in 2023 (2022: EUR \u00a037\u00a0mn).", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-118": { "value": "
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
Present value of obligations
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Present value of obligations as of January 1
1,302
135
1,639
150
Current service costs
21
4
24
10
Interest costs
46
6
18
2
Amounts recognized in the income statement
67
9
42
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Total remeasurements of the period (OCI)
52
13
\u2013279
\u201312
Actual benefit payments
\u201389
\u201313
\u201391
\u201310
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
\u20131
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Present value of obligations as of December 31
1,332
145
1,302
135
Provisions and expenses
In EUR mn
2023
2022
Pensions
Severance and other plans
Pensions
Severance and other plans
Provisions as of January\u00a01
775
135
1,044
150
Current service costs
21
4
24
10
Net interest costs
27
6
12
2
Amounts recognized in the income statement
48
9
36
12
Adjustments due to changes in demographic assumptions
0
\u20130
\u20130
1
Adjustments due to changes in financial assumptions
\u201320
1
\u2013334
\u201316
Experience adjustments
72
12
56
3
Return on plan assets
\u20136
\u2014
39
\u2014
Total remeasurements of the period (OCI)
46
13
\u2013240
\u201312
Actual benefit payments
\u201332
\u201313
\u201337
\u201310
Actual employer contributions
\u2013104
\u2014
\u201318
\u2014
Changes in the consolidated group
\u2014
1
\u2014
\u2014
Currency translation differences
0
\u20130
\u201310
0
Reclassification to liabilities associated
with assets held for sale
\u2014
\u2014
\u2014
\u20135
Provisions as of December\u00a031
734
145
775
135
Provisions for decommissioning and restoration obligations
In EUR mn
Carrying amount
January 1, 2023
3,796
Currency translation differences
\u201394
New obligations
15
Increase arising from revisions in estimates
534
Reduction arising from revisions in estimates
\u2013151
Unwinding of discounting
201
Reclassification to liabilities associated with assets held for sale
\u20137
Usage, disposals, and other changes
\u2013147
December 31, 2023
4,148
thereof short-term as of December 31, 2023
69
thereof short-term as of January 1, 2023
82
33 Result on financial instruments
Result on financial instruments
In EUR mn
Amount
Financial
instruments at fair value
through profit or loss
Equity instruments
designated as
measured at
fair value through
other
comprehensive
income
Financial
assets at
amortized
cost
Financial
liabilities at
amortized
cost
2023
Fair value changes of financial
assets and derivatives
111
111
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201338
\u2014
\u2014
\u201338
\u2014
Result on financial instruments
within operating result
73
111
\u2014
\u201338
\u2014
Dividend income
10
\u2014
4
\u2014
\u2014
Interest income
473
\u2014
\u2014
473
\u2014
Interest expenses
\u2013415
\u20133
\u2014
\u2014
\u2013148
Fair value changes of financial instruments
\u201321
\u201321
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013191
\u2013191
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201377
\u201377
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20135
\u2014
\u2014
\u20132
\u2014
Other
\u20136
\u20130
\u20131
0
\u20135
Result on financial instruments
within financial result
\u2013232
\u2013292
3
471
\u2013153
2022
Fair value changes of financial
assets and derivatives
1,029
1,029
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201343
\u2014
\u2014
\u201343
\u2014
Result on financial instruments
within operating result
986
1,029
\u2014
\u201343
\u2014
Dividend income
11
\u2014
11
\u2014
\u2014
Interest income
269
\u2014
\u2014
269
\u2014
Interest expenses
\u2013417
\u20134
\u2014
\u2014
\u2013161
Fair value changes of financial instruments
\u2013374
\u2013374
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013186
\u2013186
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201346
\u201346
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20131,007
\u2014
\u2014
\u20131,007
\u2014
Other
\u201312
0
\u2014
0
\u201312
Result on financial instruments
within financial result
\u20131,761
\u2013609
11
\u2013739
\u2013173
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-119": { "value": "
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
OMV as a lessee
Right-of-use assets recognized under IFRS 16
In EUR mn
Land and
buildings
Plant and
machinery
Other
fixtures,
fittings
and
equipment
Total
2023
January 1
581
504
149
1,233
Changes in the consolidated group1
\u2014
29
\u2014
29
Additions
123
80
81
283
Depreciation
\u201382
\u201325
\u201369
\u2013176
Other movements
\u201366
105
\u201311
27
December 31
556
692
149
1,397
2022
January 1
555
42
174
771
Additions
102
498
40
640
Depreciation
\u201363
\u201335
\u201364
\u2013162
Other movements
\u201313
\u20131
\u20132
\u201316
December 31
581
504
149
1,233
1 Mainly from the change in the consolidation method of Renasci N.V.
Liabilities
In EUR mn
2023
2022
Short-term
Long-term
Total
Short-term
Long-term
Total
Bonds
540
5,534
6,073
1,290
6,030
7,320
Other interest-bearing debts
427
1,043
1,470
128
1,359
1,487
Lease liabilities
181
1,404
1,585
155
1,322
1,476
Trade payables
3,955
\u2014
3,955
5,259
\u2014
5,259
Other financial liabilities
1,424
316
1,740
2,172
489
2,662
Other liabilities
1,613
102
1,715
1,527
124
1,652
Liabilities
8,140
8,398
16,538
10,531
9,325
19,856
Lease liabilities increased mainly due to the leasing contracts for storage infrastructure related to the propane dehydrogenation plant (PDH) in Kallo, Belgium and a new leasing contract related to a charter vessel, Navigator Aurora, to source Borealis crackers in Sweden and Finland. For further details on lease contracts please refer to Note 17 \u2013 Property, plant and equipment.
Financial liabilities (undiscounted cash flows)
In EUR mn
\u22641 year
1\u20135 years
>5 years
Total
2023
Bonds
597
3,845
2,113
6,555
Other interest-bearing debt
459
857
231
1,547
Lease liabilities
219
588
1,231
2,038
Trade payables
3,955
\u2014
\u2014
3,955
Derivative financial liabilities
393
157
\u2014
550
Other sundry financial liabilities1
1,039
82
139
1,260
Financial liabilities (undiscounted cash flows)
6,662
5,529
3,713
15,904
2022
Bonds
1,351
3,394
3,160
7,905
Other interest-bearing debts
141
1,018
393
1,552
Lease liabilities
186
514
1,131
1,831
Trade payables
5,259
\u2014
\u2014
5,259
Derivative financial liabilities
1,260
350
\u2014
1,610
Other sundry financial liabilities1
910
100
102
1,111
Financial liabilities (undiscounted cash flows)
9,107
5,375
4,786
19,268
1 Including the book value of the financial guarantees issued by Borealis to Bayport Polymers LLC; for further details on the guarantees and the maximum exposure related to it please refer to Note 30 \u2013 Risk management.
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2023
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
7,320
1,487
1,524
10,331
Repayments of long-term borrowings
\u20131,250
\u201344
\u2013184
\u20131,477
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
40
\u2014
40
Total cash flows related to financing activities
\u20131,250
\u20133
\u2013184
\u20131,437
Currency translation differences
\u2014
\u201322
\u20134
\u201325
Changes in the consolidated group
\u2014
24
\u201323
1
Difference between interest expenses and interest paid
3
\u201315
1
\u201311
Other changes
\u2014
\u2014
2721
272
Total non-cash changes
3
\u201314
247
236
December 31
6,073
1,470
1,587
9,130
1 Mainly related to new lease agreements
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2022
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
8,070
1,765
1,191
11,026
Repayments of long-term borrowings
\u2013750
\u2013114
\u2013183
\u20131,047
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
\u2013184
\u2014
\u2013184
Total cash flows related to financing activities
\u2013750
\u2013298
\u2013183
\u20131,230
Currency translation differences
\u2014
31
2
33
Changes in the consolidated group
\u2014
\u2014
\u2013123
\u2013123
Difference between interest expenses and interest paid
0
\u201311
1
\u201311
Other changes
\u2014
\u2014
6361
636
Total non-cash changes
0
20
515
535
December 31
7,320
1,487
1,524
10,331
1 Mainly related to new lease agreements
Capital management \u2013 key performance measures
In EUR mn (unless otherwise stated)
2023
2022
Bonds
6,073
7,320
Lease liabilities
1,587
1,524
Other interest-bearing debts
1,470
1,487
Debt
9,130
10,331
Cash and cash equivalents
7,011
8,124
Net debt1
2,120
2,207
Equity
25,369
26,628
Leverage ratio2 in %
8
8
1 Including items that were reclassified to assets or liabilities held for sale
2 The leverage ratio is defined as (net debt including leases)/(equity + net debt including leases).
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-120": { "value": "
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-121": { "value": "
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
26 Liabilities
Liabilities
In EUR mn
2023
2022
Short-term
Long-term
Total
Short-term
Long-term
Total
Bonds
540
5,534
6,073
1,290
6,030
7,320
Other interest-bearing debts
427
1,043
1,470
128
1,359
1,487
Lease liabilities
181
1,404
1,585
155
1,322
1,476
Trade payables
3,955
\u2014
3,955
5,259
\u2014
5,259
Other financial liabilities
1,424
316
1,740
2,172
489
2,662
Other liabilities
1,613
102
1,715
1,527
124
1,652
Liabilities
8,140
8,398
16,538
10,531
9,325
19,856
Other interest-bearing debts predominantly referred to bank loans, but also included private placements and other funding instruments.
Bonds
International corporate bonds
In EUR mn
2023
2022
Nominal
Coupon
Repayment
Carrying
amount
December 31
Carrying
amount
December 31
EUR 750,000,000
0.00% fixed
06/16/2023
\u2014
749
EUR 500,000,000
0.75% fixed
12/04/2023
\u2014
500
EUR 500,000,000
1.50% fixed
04/09/2024
505
504
EUR 500,000,000
0.00% fixed
07/03/2025
499
498
EUR 300,000,000
1.75% fixed
12/10/2025
309
315
EUR 1,000,000,000
1.00% fixed
12/14/2026
997
996
EUR 750,000,000
3.50% fixed
09/27/2027
753
752
EUR 500,000,000
2.00% fixed
04/09/2028
506
506
EUR 500,000,000
1.875% fixed
12/04/2028
500
499
EUR 750,000,000
0.75% fixed
06/16/2030
749
748
EUR 750,000,000
2.375% fixed
04/09/2032
759
758
EUR 500,000,000
1.00% fixed
07/03/2034
497
496
International corporate bonds
6,073
7,320
Bonds and other interest-bearing debts
Bonds and other interest-bearing debts
In EUR mn
2023
2022
Short-term loan financing
106
65
Short-term component of long-term financing
860
1,353
Total short-term
967
1,417
Maturities of long-term financing
2024/2023 (short-term component of long-term financing)
860
1,353
2025/2024
1,149
823
2026/2025
1,189
1,149
2027/2026
875
1,185
2028/2027
1,158
871
2029/2028 and subsequent years
2,205
3,360
Total for 2024/2023 onward
7,436
8,742
Breakdown of bonds and other interest-bearing debts
In EUR mn
2023
2022
Weighted
average
interest rate
Weighted
average
interest rate
Bonds and other long-term interest-bearing debts1
Fixed rates
EUR
6,911
1.53%
8,148
1.34%
USD
265
4.06%
319
4.24%
Total
7,176
1.63%
8,467
1.45%
Variable rates2
EUR
45
4.85%
49
3.13%
USD
183
6.64%
190
5.04%
Other currencies
32
0.45%
36
0.45%
Total
260
5.57%
274
4.10%
Other short-term interest-bearing debts
EUR
52
\u2014
65
0.07%
NOK
54
\u2014
\u2014
\u2014
Total
106
\u2014
65
0.07%
1 Including short-term components of long-term debts
2 Rates at year-end
Financial liabilities (undiscounted cash flows)
In EUR mn
\u22641 year
1\u20135 years
>5 years
Total
2023
Bonds
597
3,845
2,113
6,555
Other interest-bearing debt
459
857
231
1,547
Lease liabilities
219
588
1,231
2,038
Trade payables
3,955
\u2014
\u2014
3,955
Derivative financial liabilities
393
157
\u2014
550
Other sundry financial liabilities1
1,039
82
139
1,260
Financial liabilities (undiscounted cash flows)
6,662
5,529
3,713
15,904
2022
Bonds
1,351
3,394
3,160
7,905
Other interest-bearing debts
141
1,018
393
1,552
Lease liabilities
186
514
1,131
1,831
Trade payables
5,259
\u2014
\u2014
5,259
Derivative financial liabilities
1,260
350
\u2014
1,610
Other sundry financial liabilities1
910
100
102
1,111
Financial liabilities (undiscounted cash flows)
9,107
5,375
4,786
19,268
1 Including the book value of the financial guarantees issued by Borealis to Bayport Polymers LLC; for further details on the guarantees and the maximum exposure related to it please refer to Note 30 \u2013 Risk management.
Cash flow from financing activities
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2023
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
7,320
1,487
1,524
10,331
Repayments of long-term borrowings
\u20131,250
\u201344
\u2013184
\u20131,477
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
40
\u2014
40
Total cash flows related to financing activities
\u20131,250
\u20133
\u2013184
\u20131,437
Currency translation differences
\u2014
\u201322
\u20134
\u201325
Changes in the consolidated group
\u2014
24
\u201323
1
Difference between interest expenses and interest paid
3
\u201315
1
\u201311
Other changes
\u2014
\u2014
2721
272
Total non-cash changes
3
\u201314
247
236
December 31
6,073
1,470
1,587
9,130
1 Mainly related to new lease agreements
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2022
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
8,070
1,765
1,191
11,026
Repayments of long-term borrowings
\u2013750
\u2013114
\u2013183
\u20131,047
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
\u2013184
\u2014
\u2013184
Total cash flows related to financing activities
\u2013750
\u2013298
\u2013183
\u20131,230
Currency translation differences
\u2014
31
2
33
Changes in the consolidated group
\u2014
\u2014
\u2013123
\u2013123
Difference between interest expenses and interest paid
0
\u201311
1
\u201311
Other changes
\u2014
\u2014
6361
636
Total non-cash changes
0
20
515
535
December 31
7,320
1,487
1,524
10,331
1 Mainly related to new lease agreements
Capital management \u2013 key performance measures
In EUR mn (unless otherwise stated)
2023
2022
Bonds
6,073
7,320
Lease liabilities
1,587
1,524
Other interest-bearing debts
1,470
1,487
Debt
9,130
10,331
Cash and cash equivalents
7,011
8,124
Net debt1
2,120
2,207
Equity
25,369
26,628
Leverage ratio2 in %
8
8
1 Including items that were reclassified to assets or liabilities held for sale
2 The leverage ratio is defined as (net debt including leases)/(equity + net debt including leases).
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.
Financial liabilities for which fair values are disclosed
In EUR mn
Carrying amount
Fair value
Fair value level
Level 1
Level 2
Level 3
2023
Bonds
6,073
5,766
5,766
\u2014
\u2014
Other interest-bearing debt
1,470
1,349
\u2014
1,349
\u2014
Financial liabilities
7,543
7,115
5,766
1,349
\u2014
2022
Bonds
7,320
6,747
6,747
\u2014
\u2014
Other interest-bearing debt
1,487
1,320
\u2014
1,320
\u2014
Financial liabilities
8,807
8,067
6,747
1,320
\u2014
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-122": { "value": "
Interest expenses
In EUR mn
2023
2022
Bonds
104
120
Lease liabilities
36
30
Other financial and non-financial liabilities
49
47
Provisions for decommissioning and restoration obligations
204
196
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits
5
3
Provisions for pensions and severance payments
33
14
Provisions for onerous contracts
5
14
Other
3
11
Interest expenses, gross
437
435
Capitalized borrowing costs
\u201323
\u201318
Interest expenses
415
417
Liabilities
In EUR mn
2023
2022
Short-term
Long-term
Total
Short-term
Long-term
Total
Bonds
540
5,534
6,073
1,290
6,030
7,320
Other interest-bearing debts
427
1,043
1,470
128
1,359
1,487
Lease liabilities
181
1,404
1,585
155
1,322
1,476
Trade payables
3,955
\u2014
3,955
5,259
\u2014
5,259
Other financial liabilities
1,424
316
1,740
2,172
489
2,662
Other liabilities
1,613
102
1,715
1,527
124
1,652
Liabilities
8,140
8,398
16,538
10,531
9,325
19,856
Other financial liabilities
Other financial liabilities
In EUR mn
Short-term
Long-term
Total
2023
Derivative financial liabilities
386
150
536
Liabilities on derivatives designated and effective as hedging instruments
33
34
67
Liabilities on other derivatives
353
116
469
Other sundry financial liabilities
1,038
166
1,204
Other financial liabilities
1,424
316
1,740
2022
Derivative financial liabilities
1,263
353
1,615
Liabilities on derivatives designated and effective as hedging instruments
41
4
44
Liabilities on other derivatives
1,222
349
1,571
Other sundry financial liabilities
910
137
1,047
Other financial liabilities
2,172
489
2,662
Financial liabilities (undiscounted cash flows)
In EUR mn
\u22641 year
1\u20135 years
>5 years
Total
2023
Bonds
597
3,845
2,113
6,555
Other interest-bearing debt
459
857
231
1,547
Lease liabilities
219
588
1,231
2,038
Trade payables
3,955
\u2014
\u2014
3,955
Derivative financial liabilities
393
157
\u2014
550
Other sundry financial liabilities1
1,039
82
139
1,260
Financial liabilities (undiscounted cash flows)
6,662
5,529
3,713
15,904
2022
Bonds
1,351
3,394
3,160
7,905
Other interest-bearing debts
141
1,018
393
1,552
Lease liabilities
186
514
1,131
1,831
Trade payables
5,259
\u2014
\u2014
5,259
Derivative financial liabilities
1,260
350
\u2014
1,610
Other sundry financial liabilities1
910
100
102
1,111
Financial liabilities (undiscounted cash flows)
9,107
5,375
4,786
19,268
1 Including the book value of the financial guarantees issued by Borealis to Bayport Polymers LLC; for further details on the guarantees and the maximum exposure related to it please refer to Note 30 \u2013 Risk management.
Other liabilities
In EUR mn
Short-term
Long-term
Total
2023
Other taxes and social security liabilities
1,168
\u2014
1,168
Payments received in advance
79
31
109
Contract liabilities
165
66
231
Other sundry liabilities
202
5
208
Other liabilities
1,613
102
1,715
2022
Other taxes and social security liabilities
1,040
\u2014
1,040
Payments received in advance
57
14
71
Contract liabilities
148
79
227
Other sundry liabilities
282
32
314
Other liabilities
1,527
124
1,652

Contract liabilities
In EUR mn
2023
2022
January 1
227
228
Revenue recognized that was included in the contract liability balance
at the beginning of the period
\u2013140
\u2013126
Increases due to cash received, excluding amounts recognized
as revenue during the period
144
125
December 31
231
227
The contract liabilities consisted mainly of non-refundable prepayments of storage fees received from Erd\u00f6l-Lagergesellschaft m.b.H., Lannach on the basis of long-term service contracts, as well as of sold vouchers and cash received for customer loyalty programs from OMV\u2019s retail business.
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2023
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
7,320
1,487
1,524
10,331
Repayments of long-term borrowings
\u20131,250
\u201344
\u2013184
\u20131,477
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
40
\u2014
40
Total cash flows related to financing activities
\u20131,250
\u20133
\u2013184
\u20131,437
Currency translation differences
\u2014
\u201322
\u20134
\u201325
Changes in the consolidated group
\u2014
24
\u201323
1
Difference between interest expenses and interest paid
3
\u201315
1
\u201311
Other changes
\u2014
\u2014
2721
272
Total non-cash changes
3
\u201314
247
236
December 31
6,073
1,470
1,587
9,130
1 Mainly related to new lease agreements
Changes in liabilities arising from financing activities (incl. liabilities associated with assets held for sale)
In EUR mn
2022
Bonds
Other
interest-
bearing
debts
Lease
liabilities
Total
January 1
8,070
1,765
1,191
11,026
Repayments of long-term borrowings
\u2013750
\u2013114
\u2013183
\u20131,047
Decrease (\u2013)/increase (+) in short-term borrowings
\u2014
\u2013184
\u2014
\u2013184
Total cash flows related to financing activities
\u2013750
\u2013298
\u2013183
\u20131,230
Currency translation differences
\u2014
31
2
33
Changes in the consolidated group
\u2014
\u2014
\u2013123
\u2013123
Difference between interest expenses and interest paid
0
\u201311
1
\u201311
Other changes
\u2014
\u2014
6361
636
Total non-cash changes
0
20
515
535
December 31
7,320
1,487
1,524
10,331
1 Mainly related to new lease agreements
Nominal and fair value of open derivative financial instruments
In EUR mn
2023
2022
Nominal
Fair
value
assets
Fair
value
liabilities
Nominal
Fair
value
assets
Fair
value
liabilities
Commodity price risk
Oil incl. oil products
1,120
27
\u20138
1,337
47
\u201335
Gas
31
\u2014
\u2014
10
\u2014
\u20133
Power
411
13
\u201359
351
320
\u20132
Commodity hedges (designated in hedge
relationship)1
1,562
39
\u201367
1,697
367
\u201341
Oil incl. oil products
10,614
2
\u201340
7,808
5
\u201322
Gas
16,104
714
\u2013386
17,730
2,365
\u20131,374
Power
262
47
\u201329
779
282
\u2013133
Other2
190
98
\u20133
220
209
\u20132
Commodity hedges
27,171
861
\u2013458
26,537
2,862
\u20131,531
Foreign currency risk
USD
159
3
\u20130
266
7
\u20130
SEK
123
7
\u2014
157
\u2014
\u20134
Foreign currency hedges (designated in hedge
relationship)1
282
10
\u20130
423
7
\u20134
USD
702
5
\u201311
1,207
4
\u201310
NOK
817
23
\u20130
2,493
1
\u201326
SEK
35
0
\u20130
26
0
\u20130
Other
153
1
\u20130
246
1
\u20134
Foreign currency hedges
1,707
29
\u201311
3,972
5
\u201339
Interest rate risk
Interest rate hedges (designated in hedge
relationship)1
100
3
\u2014
103
6
\u2014
1 Including ineffective part of hedges designated in a hedging relationship
2 Includes derivatives for European Emission Allowances
Impact of fair value hedge accounting on the income statement and statement of financial position
In EUR mn
Hedged Item
Carrying amount
Cumulative amount of fair value hedge adjustment included in the carrying amount of the hedged item
Effective gains (+) /losses (\u2013) of the period recognized in the income statement
Line item in the statement of financial positions
Liabilities
2023
Non-financial liability
28
\u20138
1
Other liabilities
2022
Non-financial liability
132
2
\u20136
Other liabilities
At December 31, 2023, and December 31, 2022, the Group held the following cash flow, fair value, and net investment hedging relationships. The table shows the profile of the timing (maturity) of the nominal amount of the hedging instruments:
Impact of hedge accounting on the statement of financial position
In EUR mn
Forecast purchases
Forecast sales
Recognized liability
Net investment hedge
Foreign
currency
Interest hedges
Commodity price risk
Foreign currency risk
Interest
rate risk
Total
2023
Nominal value
1,447
85
29
109
282
100
2,052
Below one year
1,251
85
29
44
282
100
1,792
More than one year
196
\u2014
\u2014
64
\u2014
\u2014
260
Fair value \u2013 assets
39
\u2014
n.a.
10
3
52
Fair value \u2013 liabilities
66
1
n.a.
0
\u2014
67
2022
Nominal value
1,168
385
145
150
423
103
2,374
Below one year
999
385
145
38
423
\u2014
1,989
More than one year
169
\u2014
\u2014
113
\u2014
103
385
Fair value \u2013 assets
357
10
n.a.
7
6
380
Fair value \u2013 liabilities
37
4
n.a.
4
\u2014
44
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.
Financial liabilities for which fair values are disclosed
In EUR mn
Carrying amount
Fair value
Fair value level
Level 1
Level 2
Level 3
2023
Bonds
6,073
5,766
5,766
\u2014
\u2014
Other interest-bearing debt
1,470
1,349
\u2014
1,349
\u2014
Financial liabilities
7,543
7,115
5,766
1,349
\u2014
2022
Bonds
7,320
6,747
6,747
\u2014
\u2014
Other interest-bearing debt
1,487
1,320
\u2014
1,320
\u2014
Financial liabilities
8,807
8,067
6,747
1,320
\u2014
Offsetting of financial liabilities
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Assets with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
26
2,953
\u20132,417
536
\u2013122
415
Trade payables
26
5,035
\u20131,081
3,955
\u201365
3,890
Other sundry financial liabilities
26
1,217
\u201313
1,204
\u20131
1,203
Total
9,206
\u20133,511
5,695
\u2013187
5,508
2022
Derivative financial instruments
11,835
\u201310,219
1,615
\u2013547
1,068
Trade payables
7,123
\u20131,864
5,259
\u2013106
5,153
Other sundry financial liabilities
1,089
\u201342
1,047
\u20131
1,046
Total
20,046
\u201312,125
7,921
\u2013654
7,267
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-123": { "value": "
13 Solidarity contribution on refined crude oil
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-124": { "value": "
14 Taxes on income and profit
Taxes on income and profit
In EUR mn
2023
2022
Profit before tax
4,604
10,765
Current taxes
2,512
5,505
thereof related to previous years
\u201357
37
Deferred taxes
175
85
Taxes on income and profit
2,687
5,590
Taxes on income and profit accounted for in other comprehensive income
In EUR mn
2023
2022
Deferred taxes
\u201397
30
Current taxes
\u2014
\u2014
Taxes on income and profit accounted for in other comprehensive income
\u201397
30
Changes in deferred taxes1
In EUR mn
2023
2022
Deferred taxes January 1
\u201378
\u201387
Deferred taxes December 31
\u2013114
\u201378
Changes in deferred taxes
\u201336
9
Deferred taxes accounted for in OCI or directly in equity
87
\u201338
Changes in the consolidated group, currency translation differences and other changes2
52
132
Deferred tax expenses per income statement
\u2013175
\u201385
The deferred taxes per income statement comprise the following elements:
Change in tax rate
\u20134
\u201396
Release of and allocation to valuation allowance for deferred taxes
\u2013327
\u2013327
Adjustments within loss carryforwards (not recognized in prior years, expired loss
carryforwards and other adjustments)
10
9
Reversal of temporary differences, including additions to and use of loss carryforwards
145
329
1 Deferred tax balances also include deferred tax balances reclassified to held for sale.
2 In 2022, these effects were mainly related to the deconsolidation of JSC GAZPROM YRGM Development (EUR 116 mn).
Tax rate reconciliation
2023
2022
In EUR mn
In %
In EUR mn
In %
Theoretical taxes on income based on Austrian income tax rate
1,105
24.0
2,691
25.0
Tax effect of:
Differing foreign tax rates
1,359
29.5
2,755
25.6
Non-deductible expenses
258
5.6
612
5.7
Non-taxable income and tax incentives
\u2013128
\u20132.8
\u2013160
\u20131.5
Income and expenses related to equity-accounted
investments
\u2013128
\u20132.8
\u2013414
\u20133.8
Change in tax rate
4
0.1
96
0.9
Permanent effects within tax loss carryforwards
5
0.1
\u20139
\u20130.1
Tax write-downs and write-ups on investments in
subsidiaries
\u20131
\u20130.0
\u2013430
\u20134.0
Change in valuation allowance for deferred taxes
327
7.1
327
3.0
Taxes related to previous years
\u20135
\u20130.1
60
0.6
Other
\u2013108
\u20132.4
61
0.6
Total taxes on income and profit
2,687
58.4
5,590
51.9
The change in valuation allowance for deferred taxes was predominately impacted by the increase in valuation allowances on deferred tax assets in Austria. For further details see Note 27 \u2013 Deferred Taxes.
Taxes related to previous years in 2022 were mainly related to the sale of the filling stations business in Germany and effects related to differences between the functional currency and tax currency of certain subsidiaries.
Global Minimum Tax
Pillar Two legislation has been enacted or substantively enacted in certain jurisdictions in which the Group operates. Under this legislation, Group companies will be subject to Pillar Two income taxes on profits that are taxed at an effective tax rate of less than 15%. The legislation will be effective for the Group\u2019s financial year beginning on January 1, 2024. The Group is in scope of the enacted or substantively enacted legislation and has performed an assessment of the Group\u2019s potential exposure to Pillar Two income taxes.
The assessment of the potential exposure to Pillar Two income taxes is based on the most recent tax filings, country-by-country reporting, and financial statements of the constituent entities as well as on mid-term planning data. Based on the assessment, the Pillar Two effective tax rates in most of the jurisdictions in which the Group operates are above 15% and no material exposure to Pillar Two income taxes is expected.
As disclosed in Note 3 \u2013 Accounting policies, judgments and estimates, section 3 \u2013 Changes in accounting policies, the Group has applied the mandatory temporary exception with respect to recognition and disclosure of information about deferred taxes related to Pillar Two income taxes.
Cash flow hedging \u2013 Impact of hedge accounting
In EUR mn
Forecast purchases
Forecast sales
Foreign
currency
Interest rate
Total
Commodity price risk
Foreign currency risk
Interest
rate risk
2023
Cash flow hedge reserve as of
January 1 (net of tax)
245
8
3
7
264
Gains (+)/losses (\u2013) of the period
recognized in OCI
\u2013326
\u201324
5
\u20132
\u2013347
Amounts reclassified to the income statement
\u201362
24
1
\u20134
\u201340
Amounts reclassified to the balance sheet
42
\u2014
\u2014
\u2014
42
Tax effects
80
\u20130
\u20131
1
80
Cash flow hedge reserve as
of December 31 (net of tax)
\u201321
9
7
2
\u20132
Hedge ineffectiveness recognized in the income statement
\u2014
0
\u2014
\u2014
0
2022
Cash flow hedge reserve as of
January 1 (net of tax)
243
\u20139
\u20136
2
230
Gains (+)/losses (\u2013) of the period
recognized in OCI
360
\u201340
\u201316
7
310
Amounts reclassified to the income statement
\u2013422
63
21
\u2014
\u2013338
Amounts reclassified to the balance sheet
57
\u2014
6
\u2014
63
Tax effects
8
\u20135
\u20133
\u20132
\u20132
Cash flow hedge reserve as
of December 31 (net of tax)
245
8
3
7
264
Hedge ineffectiveness recognized in the income statement
\u20131
1
\u2014
\u2014
\u20131
Reserve for unrealized exchange gains (+)/losses (\u2013) for net investment hedge1
In EUR mn
Foreign currency risk
2023
2022
Reserve as of January 1 (net of tax)
\u201313
\u20135
Valuation of the USD loans
6
\u201313
Amounts reclassified to the income statement
\u2014
2
Tax effects
\u20131
3
Reserve as of December 31 (net of tax)
\u20139
\u201313
1 Included in currency translation differences within other comprehensive income
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-125": { "value": "
Taxes on income and profit
In EUR mn
2023
2022
Profit before tax
4,604
10,765
Current taxes
2,512
5,505
thereof related to previous years
\u201357
37
Deferred taxes
175
85
Taxes on income and profit
2,687
5,590
Taxes on income and profit accounted for in other comprehensive income
In EUR mn
2023
2022
Deferred taxes
\u201397
30
Current taxes
\u2014
\u2014
Taxes on income and profit accounted for in other comprehensive income
\u201397
30
Changes in deferred taxes1
In EUR mn
2023
2022
Deferred taxes January 1
\u201378
\u201387
Deferred taxes December 31
\u2013114
\u201378
Changes in deferred taxes
\u201336
9
Deferred taxes accounted for in OCI or directly in equity
87
\u201338
Changes in the consolidated group, currency translation differences and other changes2
52
132
Deferred tax expenses per income statement
\u2013175
\u201385
The deferred taxes per income statement comprise the following elements:
Change in tax rate
\u20134
\u201396
Release of and allocation to valuation allowance for deferred taxes
\u2013327
\u2013327
Adjustments within loss carryforwards (not recognized in prior years, expired loss
carryforwards and other adjustments)
10
9
Reversal of temporary differences, including additions to and use of loss carryforwards
145
329
1 Deferred tax balances also include deferred tax balances reclassified to held for sale.
2 In 2022, these effects were mainly related to the deconsolidation of JSC GAZPROM YRGM Development (EUR 116 mn).
Tax rate reconciliation
2023
2022
In EUR mn
In %
In EUR mn
In %
Theoretical taxes on income based on Austrian income tax rate
1,105
24.0
2,691
25.0
Tax effect of:
Differing foreign tax rates
1,359
29.5
2,755
25.6
Non-deductible expenses
258
5.6
612
5.7
Non-taxable income and tax incentives
\u2013128
\u20132.8
\u2013160
\u20131.5
Income and expenses related to equity-accounted
investments
\u2013128
\u20132.8
\u2013414
\u20133.8
Change in tax rate
4
0.1
96
0.9
Permanent effects within tax loss carryforwards
5
0.1
\u20139
\u20130.1
Tax write-downs and write-ups on investments in
subsidiaries
\u20131
\u20130.0
\u2013430
\u20134.0
Change in valuation allowance for deferred taxes
327
7.1
327
3.0
Taxes related to previous years
\u20135
\u20130.1
60
0.6
Other
\u2013108
\u20132.4
61
0.6
Total taxes on income and profit
2,687
58.4
5,590
51.9
The change in valuation allowance for deferred taxes was predominately impacted by the increase in valuation allowances on deferred tax assets in Austria. For further details see Note 27 \u2013 Deferred Taxes.
The gains and losses recognized directly in other comprehensive income and their related tax effects were as follows:
Tax effects relating to each component of other comprehensive income
In EUR mn
2023
2022
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Currency translation differences
\u2013542
\u20130
\u2013542
603
\u20132
602
Gains (+)/losses (\u2013) on hedges
\u2013360
83
\u2013277
40
\u20133
37
Remeasurement gains (+)/losses (\u2013)
on defined benefit plans
\u201358
7
\u201351
263
\u201335
228
Gains (+)/losses (\u2013) on equity
investments
\u20132
1
\u20132
2
1
3
Gains (+)/losses (\u2013) on hedges that
are subsequently transferred to
the carrying amount of the
hedged item
\u201327
6
\u201321
\u201367
8
\u201358
Share of other comprehensive
income of equity-accounted
investments
02
n.a.
0
62
n.a.
6
Other comprehensive income
for the year
\u2013989
97
\u2013893
847
\u201330
817
1 Including valuation allowances for deferred tax assets for the Austrian tax group. For further details please refer to Note 14 \u2013 Taxes on income and profit.
2 Represents net-of-tax amounts
27 Deferred taxes
Deferred taxes
In EUR mn
Deferred tax
assets total
Deferred tax
assets not
recognized
Deferred tax
assets
recognized
Deferred tax
liabilities
2023
Intangible assets
141
1
140
199
Property, plant, and equipment
57
9
48
2,259
Inventories
49
\u2014
49
34
Derivatives
81
\u2014
81
206
Receivables and other assets
92
20
73
313
Deferred taxes reclassified to assets and liabilities associated
with assets held for sale
127
124
3
319
Provisions for pensions and similar obligations
212
94
118
106
Provisions for decommissioning, restoration
obligations and environmental costs
1,247
15
1,233
0
Other provisions
122
\u2014
122
1
Liabilities
354
37
317
10
Tax impairments according to section 12 (3)/2 of the
Austrian Corporate Income Tax Act (KStG)
574
\u2014
574
\u2014
Tax loss carryforwards
1,536
1,088
448
\u2014
Outside basis differences
144
\u2014
144
17
Total
4,737
1,387
3,350
3,464
Netting (same tax jurisdictions)
\u20132,183
\u20132,183
Deferred taxes reclassified to assets and liabilities associated
with assets held for sale
\u20133
\u2013319
Deferred taxes as per statement of financial
position
1,164
962
2022
Intangible assets
159
\u2014
159
244
Property, plant, and equipment
120
3
117
2,564
Inventories
38
\u2014
38
56
Derivatives
226
\u2014
226
683
Receivables and other assets1
85
20
65
337
Deferred taxes reclassified to assets and liabilities associated
with assets held for sale
153
135
18
52
Provisions for pensions and similar obligations
204
89
116
107
Provisions for decommissioning, restoration
obligations and environmental costs
1,217
14
1,203
0
Other provisions1
152
\u2014
152
32
Liabilities
350
0
350
16
Tax impairments according to section 12 (3)/2 of the
Austrian Corporate Income Tax Act (KStG)
684
\u2014
684
\u2014
Tax loss carryforwards
1,635
816
819
\u2014
Outside basis differences
120
\u2014
120
54
Total
5,143
1,076
4,067
4,145
Netting (same tax jurisdictions)
\u20132,916
\u20132,916
Deferred taxes reclassified to assets and liabilities associated
with assets held for sale
\u20131
\u201335
Deferred taxes as per statement of financial
position
1,150
1,194
1 Comparative information dated December 31, 2022, has been restated. Deferred tax liabilities (DTL) related to Receivables and other asset and deferred tax assets (DTA) related to Other provisions were increased by EUR 39 mn. For more information see Note 3 \u2013 Accounting policies, judgements and estimates.
Tax loss carryforwards1
In EUR mn
2023
2022
Base
amount
(before allo-
wances)
thereof not recognized
Base
amount
(before allo-
wances)
thereof not recognized
2023
\u2014
\u2014
18
18
2024
2
2
2
2
2025
11
11
11
11
2026
3
3
3
3
2027
52
3
56
3
2028
2
2
\u2014
\u2014
After 2028/2027
2
2
2
0
Unlimited
6,185
4,393
6,784
3,379
Tax losses carryforward
6,257
4,415
6,877
3,417
1 Tax loss carryforwards related to disposal groups reclassified to held for sale are excluded.
The majority of tax loss carryforwards not recognized referred to the Austrian tax group and France.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-126": { "value": "
15 Earnings Per Share
Earnings Per Share (EPS)
2023
2022
Basic
Diluted
Basic
Diluted
Earnings attributable to stockholders of
the parent in EUR mn
1,480
1,480
3,634
3,634
Weighted average number of shares outstanding
326,940,897
327,169,060
326,897,763
327,136,798
Earnings Per Share in EUR
4.53
4.52
11.12
11.11
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-127": { "value": "The calculation of diluted Earnings per Share took into account the weighted average number of shares in issue following the conversion of all potentially diluting ordinary shares.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-128": { "value": "
Contractual obligations for acquisitions
In EUR mn
2023
2022
Intangible assets
296
326
Property, plant, and equipment
3,345
1,410
Contractual obligations
3,640
1,736
29 Contingent liabilities
On April 16, 2020, the Bulgarian Commission on Protection of Competition announced the initiation of an investigation into how prices are determined on the fuel market. OMV Bulgaria EOOD is a subject of this investigation, among other major manufacturers and retailers on the Bulgarian market. During 2020, two requests for information were received from authorities and the responses were submitted in due time. There were no additional requests from the authorities in 2021, 2022, and 2023, but the investigation is not yet finalized. The sanctions for antitrust infringements are up to 10% of the total company\u2019s turnover of the respective undertaking for the financial year prior to the sanctioning decision. At the date of these financial statements, OMV is not able to evaluate the outcome of the investigation and no provision was recorded in this respect.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-129": { "value": "
Contractual obligations for acquisitions
In EUR mn
2023
2022
Intangible assets
296
326
Property, plant, and equipment
3,345
1,410
Contractual obligations
3,640
1,736
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-130": { "value": "
19 Inventories
Inventories
In EUR mn
2023
2022
Crude oil
585
824
Natural gas
367
936
Other raw materials
639
677
Work in progress
219
231
Finished petroleum products
795
1,112
Other finished products1
923
1,053
Inventories
3,529
4,834
1 The balance of other finished products is mainly attributable to the finished products of the Borealis Group, i.e., polyolefins and base chemicals.
Purchases (net of inventory variation)
In EUR mn
2023
2022
Costs of goods and materials
20,600
34,811
Inventory changes1
3,550
4,047
Write-downs to net realizable value and write-offs of inventories
479
466
Reversal of inventory write-downs
\u2013407
\u201325
Purchases (net of inventory variation)
24,222
39,298
1 Mainly related to petrochemical products
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-131": { "value": "
Purchases (net of inventory variation)
In EUR mn
2023
2022
Costs of goods and materials
20,600
34,811
Inventory changes1
3,550
4,047
Write-downs to net realizable value and write-offs of inventories
479
466
Reversal of inventory write-downs
\u2013407
\u201325
Purchases (net of inventory variation)
24,222
39,298
1 Mainly related to petrochemical products
", "dimensions": { "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-132": { "value": "
Financial assets
In EUR mn
Valued at fair value through profit or loss
Valued at
fair value through other comprehen-
sive income
Valued at amortized cost
Total
carrying
amount
thereof
short-term
thereof
long-term
2023
Trade receivables from contracts with customers
99
\u2014
2,571
2,670
2,670
\u2014
Other trade receivables
\u2014
\u2014
785
785
785
\u2014
Total trade receivables
99
\u2014
3,356
3,455
3,455
\u2014
Equity investments
1
56
\u2014
57
\u2014
57
Investment funds
28
\u2014
\u2014
28
\u2014
28
Bonds
\u2014
\u2014
285
285
245
39
Derivatives designated and effective as hedging instruments
\u2014
52
\u2014
52
50
2
Other derivatives
890
\u2014
\u2014
890
692
198
Loans
\u2014
\u2014
910
910
5
905
Other sundry financial assets
2
\u2014
1,610
1,612
1,139
474
Total other financial assets
921
108
2,805
3,834
2,130
1,704
Financial assets
1,020
108
6,160
7,288
5,584
1,704
2022
Trade receivables from contracts with customers
136
\u2014
3,351
3,487
3,487
\u2014
Other trade receivables
\u2014
\u2014
735
735
735
\u2014
Total trade receivables
136
\u2014
4,086
4,222
4,222
\u2014
Equity investments
24
19
\u2014
42
\u2014
42
Investment funds
26
\u2014
\u2014
26
\u2014
26
Bonds
\u2014
\u2014
52
52
32
20
Derivatives designated and effective as hedging instruments
10
370
\u2014
380
263
116
Other derivatives
2,867
\u2014
\u2014
2,867
2,114
753
Loans
\u2014
\u2014
711
711
82
628
Other sundry financial assets
\u2014
\u2014
1,850
1,850
1,437
413
Total other financial assets
2,927
389
2,612
5,928
3,929
1,999
Financial assets
3,063
389
6,699
10,150
8,151
1,999
Based on this latest development and the unchanged situation with regard to the Russian war on Ukraine, OMV considers its investments in YRGM and SNGP to have a fair value of nil as of December 31, 2023, leading to a further negative fair value adjustment in the financial result for 2023 in the amount of EUR\u00a023\u00a0mn.
Equity investments measured at FVOCI
In EUR mn
2023
2022
Investment
Fair value
Fair value adjustment through OCI
Dividend recognized as income
Fair value
Fair value adjustment through OCI
Dividend recognized as income
Eavor Technologies Inc.
34
\u2014
\u2014
\u2014
\u2014
\u2014
Hycamite TCD Technologies Ltd.
5
\u2014
\u2014
\u2014
\u2014
\u2014
APK Pensionskasse AG
2
\u20131
\u2014
2
\u20130
0
Wiener B\u00f6rse AG
6
\u20131
1
7
3
1
FSH Flughafen-Schwechat-Hydranten-Gesellschaft GmbH & Co OG
2
\u2014
\u2014
2
\u2014
0
WAV W\u00e4rme Austria VertriebsgmbH
\u2014
\u2014
1
2
\u2014
0
Bockatech Ltd.
5
\u2014
\u2014
3
\u2014
\u2014
Everen Limited
0
\u2014
3
0
\u2014
4
Other
2
\u2014
0
2
\u2014
0
Equity investments measured at FVOCI
56
\u20132
4
19
2
6
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
40 Direct and indirect investments of OMV Aktiengesellschaft
Changes in the consolidated group
Name of company
Registered Office
Type of Change1
Effective date
Chemicals & Materials
Rosier France S.A.S.
Arras
Deconsolidation
January 2, 2023
Rosier Nederland B.V.
Sas van Gent
Deconsolidation
January 2, 2023
Rosier S.A.
Moustier
Deconsolidation
January 2, 2023
BlueAlp Holding B.V.2
Groot-Ammers
First consolidation (S)
January 11, 2023
Renasci Oostende Holding N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende Recycling N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci Oostende SCP N.V.
Ostend
First consolidation (S)
January 11, 2023
Renasci N.V.
Ostend
Increase in shares3
January 11, 2023
Petrogas International B.V.2
Eindhoven
First consolidation (S)
January 11, 2023
Borealis Agrolinz Melamine Deutschland GmbH
Wittenberg
Deconsolidation
July 5, 2023
Borealis Agrolinz Melamine GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Chimie S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T doo, Beograd
Belgrade
Deconsolidation
July 5, 2023
Borealis L.A.T France S.A.S.
Courbevoie
Deconsolidation
July 5, 2023
Borealis L.A.T GmbH
Linz
Deconsolidation
July 5, 2023
Borealis Produits et Engrais Chimiques du Rhin S.A.S.
Ottmarsheim
Deconsolidation
July 5, 2023
Feboran EOOD
Sofia
Deconsolidation
July 5, 2023
Neochim AD2
Dimitrovgrad
Deconsolidation
July 5, 2023
Kilpilahden Voimalaitos Oy2
Porvoo
First consolidation (I)
September 30, 2023
Circular Feedstock Walld\u00fcrn GmbH
Walld\u00fcrn
First consolidation (A)
October 6, 2023
Rialti S.p.A.
Taino
First consolidation (A)
October 31, 2023
Fuels & Feedstock
OMV Renewable Fuels & Feedstock B.V.
Beveren
First consolidation
April 20, 2023
Avanti Deutschland GmbH
Berchtesgaden
Deconsolidation
May 31, 2023
OMV Switzerland Holding AG
Zug
Deconsolidation (I)
June 30, 2023
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.
Koper
Deconsolidation
June 30, 2023
Energy
Preussag Energie International GmbH
Burghausen
Deconsolidation (I)
June 30, 2023
POSEIDON EXL 005 ANS4
Lysaker
First consolidation
July 17, 2023
Deeep Tiefengeothermie GmbH4
Vienna
First consolidation
October 20, 2023
Assigned to multiple segments
C2PAT GmbH & Co KG2
Vienna
Deconsolidation (M)
December 31, 2023
1 \u201cFirst consolidation\u201d refers to newly formed companies, \u201cFirst consolidation (A)\u201d indicates the acquisition of a company, \u201cFirst consolidation (S)\u201d refers to companies included in the consolidation scope due to change in ownership of the parent company, and companies marked with \u201cFirst consolidation (I)\u201d have been included in the consolidation after originally not being consolidated due to immateriality. \u201cDeconsolidation\u201d refers to companies that have been excluded from the Group investments following a sale, \u201cDeconsolidation (I)\u201d refers to companies that were deconsolidated due to immateriality while \u201cDeconsolidation (M)\u201d refers to companies that were deconsolidated following a merger into another Group company.
2 Company (previously) consolidated at-equity
3 Interest in Renasci N.V. increased from 27.42% to 50.01% which led to the change in the consolidation method from at-equity to full consolidation, and then further to 98.56%. This also led to the addition of multiple entities to the consolidated group, these entities are marked with \u201cFirst consolidation (S)\u201d in the table. For further details please refer to the paragraph below.
4 POSEIDON EXL 005 ANS and Deeep Tiefengeothermie GmbH have been included in the consolidated Group as a joint operations and are accounted for accordingly.
Number of consolidated companies
2023
2022
Full
consolidation
Equity
consolidation
Joint
operation1
Full
consolidation
Equity
consolidation
Joint
operation1
January 1
123
23
4
136
22
\u2014
Included for the first time
6
3
2
5
3
4
Change in consolidation type
1
\u20131
\u2014
\u2014
\u2014
\u2014
Deconsolidated during the year
\u201315
\u20132
\u2014
\u201318
\u20132
\u2014
December 31
115
23
6
123
23
4
thereof domiciled and operating abroad
82
18
5
88
17
4
thereof domiciled in Austria and
operating abroad
10
\u2014
\u2014
10
\u2014
\u2014
1 Accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
List of investments
List of subsidiaries, equity-accounted investments, and other investments of OMV Aktiengesellschaft with an interest of at least 20%
Parent
company
Type of
consoli-
dation1
Equity
interest
in % as of
December 31, 2023
Equity
interest
in % as of
December 31, 2022
Chemicals & Materials
AGRIPRODUITS S.A.S., Courbevoie (BAGRFR)
BCHIFR
NC
\u2014
100.00
AZOLOR S.A.S., Bras-sur-Meuse
BCHIFR
NC-I
\u2014
34.00
Bayport Polymers LLC, Pasadena2
BNOVUS
AEJ
50.00
50.00
BlueAlp Holding B.V., Groot-Ammers
BRENBE
AEA
21.25
Borealis AB, Stenungsund (BABSWE)
BSVSWE
C
100.00
100.00
Borealis AG, Vienna (BORAAG)
BHOLAT
C
39.00
39.00
OMVRM
32.67
32.67
OMV AG
3.33
3.33
Borealis Agrolinz Melamine Deutschland GmbH, Wittenberg
BORAAG
C
\u2014
100.00
Borealis Agrolinz Melamine GmbH, Linz (BAGMAT)
BORAAG
C
\u2014
100.00
Borealis Antwerpen N.V., Zwijndrecht
BPOBE
C
\u2014
90.00
BORAAG
100.00
10.00
Borealis Argentina SRL, Buenos Aires
BORAAG
NC
98.00
98.00
BSVSWE
2.00
2.00
BOREALIS ASIA LIMITED, Hong Kong
BORAAG
NC
100.00
100.00
Borealis BoNo Holdings LLC, Houston (BBNHUS)2
BUS
C
100.00
100.00
Borealis Brasil S.A., Itatiba
BORAAG
C
80.00
80.00
BOREALIS CHEMICALS ZA (PTY) LTD, Germiston
BORAAG
NC
100.00
100.00
Borealis Chile SpA, Santiago
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.R.L., Casablanca
BORAAG
NC
100.00
100.00
Borealis Chimie S.A.S., Courbevoie (BCHIFR)
BFR
C
\u2014
100.00
Borealis Circular Solutions Holding GmbH, Vienna (BCIRC)
BORAAG
C
100.00
100.00
Borealis Colombia S.A.S., Bogota
BORAAG
NC
100.00
100.00
Borealis Compounds Inc., Houston (BCOMUS)
BUS
C
100.00
100.00
Borealis Denmark ApS, Copenhagen
BORAAG
NC
100.00
100.00
Borealis Digital Studio B.V., Zaventem
BORAAG
NC
100.00
90.00
BPOBE
\u2014
10.00
Borealis Financial Services N.V., Mechelen
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis France S.A.S., Courbevoie (BFR)
BORAAG
C
100.00
100.00
Borealis Group Services AS, Bamble
BABSWE
C
100.00
100.00
Borealis Insurance A/S (captive insurance company),
Copenhagen
BORAAG
C
100.00
100.00
Borealis ITALIA S.p.A., Monza
BORAAG
C
100.00
100.00
Borealis Kallo N.V., Kallo
BORAAG
C
100.00
0.06
BPOBE
\u2014
99.94
Borealis L.A.T Belgium B.V., Beringen
BLATAT
NC
\u2014
100.00
Borealis L.A.T Bulgaria EOOD, Sofia
BLATAT
NC
\u2014
100.00
Borealis L.A.T Czech Republic s.r.o., \u010cesk\u00e9 Bud\u011bjovice
BLATAT
NC
\u2014
100.00
Borealis L.A.T doo, Beograd, Belgrade
BLATAT
C
\u2014
100.00
Borealis L.A.T France S.A.S., Courbevoie
BFR
C
\u2014
100.00
Borealis L.A.T GmbH, Linz (BLATAT)
BORAAG
C
\u2014
100.00
Borealis L.A.T Greece Single Member P.C., Athens
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hrvatska d.o.o., Klisa
BLATAT
NC
\u2014
100.00
Borealis L.A.T Hungary Kft., Budapest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Italia s.r.l., Milan
BORAAG
NC
\u2014
100.00
Borealis L.A.T Polska Sp. z o.o., Warsaw
BLATAT
NC
\u2014
100.00
Borealis L.A.T Romania s.r.l., Bucharest
BLATAT
NC
\u2014
100.00
Borealis L.A.T Slovakia s.r.o., Chotin
BLATAT
NC
\u2014
100.00
Borealis M\u00e9xico, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BCOMUS
0.00
0.00
Borealis Middle East Holding GmbH, Vienna (BORMEH)
BORAAG
C
100.00
100.00
Borealis Plasticos, S.A. de C.V., Mexico City
BORAAG
NC
100.00
100.00
BABSWE
\u2014
0.00
BCOMUS
0.00
Borealis Plastik ve Kimyasal Maddeler Ticaret Limited Sirketi,
Istanbul
BORAAG
NC
100.00
100.00
Borealis Plastomers B.V., Geleen
BORAAG
C
100.00
100.00
Borealis Poliolefinas da Am\u00e9rica do Sul Ltda., Itatiba
BORAAG
NC
99.99
99.99
BSVSWE
0.01
0.01
Borealis Polska Sp. z o.o., Warsaw
BORAAG
NC
100.00
100.00
Borealis Polymere GmbH, Burghausen (BPODE)
BORAAG
C
100.00
100.00
Borealis Polymers N.V., Beringen (BPOBE)
BORAAG
C
100.00
100.00
BSVSWE
\u2014
0.00
Borealis Polymers Oy, Porvoo
BORAAG
C
100.00
100.00
Borealis Polyolefine GmbH, Schwechat (BPOAT)
BORAAG
C
100.00
100.00
BSVSWE
0.00
0.00
Borealis Polyolefins d.o.o., Zagreb
BORAAG
NC
100.00
100.00
Borealis Polyolefins S.R.L., Bucharest
BORAAG
NC
100.00
100.00
Borealis Polyolefins s.r.o., Bratislava
BORAAG
NC
100.00
100.00
Borealis Produits et Engrais Chimiques du Rhin S.A.S.,
Ottmarsheim
BFR
C
\u2014
100.00
Borealis Qu\u00edmica Espa\u00f1a S.A., Barcelona
BORAAG
C
100.00
100.00
Borealis RUS LLC, Moscow
BORAAG
NC
100.00
100.00
Borealis s.r.o., Prague
BORAAG
NC
100.00
100.00
Borealis Services S.A.S., Paris
BFR
NC
100.00
100.00
Borealis Sverige AB, Stenungsund (BSVSWE)
BORAAG
C
100.00
100.00
Borealis Technology Oy, Porvoo
BORAAG
C
100.00
100.00
BOREALIS UK LTD, Manchester
BORAAG
C
100.00
100.00
Borealis USA Inc., Houston (BUS)
BORAAG
C
100.00
100.00
Borouge 4 LLC, Abu Dhabi
BORMEH
AEJ
40.00
40.00
Borouge PLC, Abu Dhabi (BOROLC)
BORMEH
AEJ
36.00
36.00
Borouge Pte. Ltd., Singapore
BOROLC
AEJ
84.75
84.75
BORMEH
15.25
15.25
Chemiepark Linz Betriebsfeuerwehr GmbH, Linz
BAGMAT
NC-I
\u2014
47.50
Circular Feedstock Walld\u00fcrn GmbH, Walld\u00fcrn3
OMVD
C
89.90
DYM SOLUTION CO., LTD, Cheonan
BORAAG
C
100.00
99.75
Ecoplast Kunststoffrecycling GmbH, Wildon
BORAAG
C
100.00
100.00
EPS Ethylen-Pipeline-S\u00fcd Gesch\u00e4ftsf\u00fchrungs GmbH, Munich
OMVD
NC-I
15.46
15.46
BPODE
7.73
7.73
EPS Ethylen-Pipeline-S\u00fcd GmbH & Co KG, Munich
OMVD
AEA
20.66
20.66
BPODE
10.33
10.33
Etenf\u00f6rs\u00f6rjning i Stenungsund AB, Stenungsund
BABSWE
C
80.00
80.00
Feboran EOOD, Sofia (BFEBGR)
BORAAG
C
\u2014
100.00
Franciade Agrifluides S.A.S. (FASA), Blois
BCHIFR
NC-I
\u2014
40.00
BAGRFR
\u2014
9.98
Hallbar Kemi i Stenungsund, Stenungsund
BABSWE
NC-I
20.00
20.00
Industrins R\u00e4ddningstj\u00e4nst i Stenungsund AB, Stenungsund
BABSWE
NC-I
25.00
25.00
KB Munker\u00f6d 1:72, Stenungsund
BABSWE
NC
100.00
100.00
BSVSWE
0.00
0.00
Kilpilahden Voimalaitos Oy, Porvoo4
BORAAG
AEA
20.00
20.00
mtm compact GmbH, Niedergebra
BORAAG
C
100.00
100.00
mtm plastics GmbH, Niedergebra
BORAAG
C
100.00
100.00
Neochim AD, Dimitrovgrad
BFEBGR
AEA
\u2014
20.30
Novealis Holdings LLC, Houston (BNOVUS)
BBNHUS
C
50.00
50.00
BSBHUS
50.00
50.00
OMV Borealis Holding GmbH, Vienna (BHOLAT)
OMVRM
C
100.00
100.00
Petrogas International B.V., Eindhoven
BRENBE
AEA
25.00
PetroPort Holding AB, Stenungsund
BABSWE
AEJ
50.00
50.00
Recelerate GmbH, Herborn
BORAAG
NC-I
50.00
50.00
Renasci N.V., Ostend (BRENBE)4
BCIRC
C
98.56
27.42
Renasci Oostende Holding N.V., Ostend (BRHOBE)
BRENBE
C
100.00
Renasci Oostende Recycling N.V., Ostend
BRHOBE
C
100.00
Renasci Oostende SCP N.V., Ostend
BRHOBE
C
100.00
Rialti S.p.A., Taino
BORAAG
C
100.00
Rosier France S.A.S., Arras
BROSBE
C
\u2014
100.00
Rosier Nederland B.V., Sas van Gent
BROSBE
C
\u2014
100.00
Rosier S.A., Moustier (BROSBE)
BORAAG
C
\u2014
98.09
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole Laignes Agrifluides (SICA Laignes Agrifluides), Mon\u00e9teau
BCHIFR
NC-I
\u2014
39.97
BAGRFR
\u2014
9.93
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole par Actions Simplifi\u00e9e
de Gouaix (SICA de Gouaix), Paris
BCHIFR
NC-I
\u2014
25.00
BLATAT
\u2014
0.00
Star Bridge Holdings LLC, Port Murray (BSBHUS)2
BUS
C
100.00
100.00
STOCKAM G.I.E., Grand-Quevilly
BCHIFR
NC
\u2014
99.00
BAGRFR
\u2014
1.00
Fuels & Feedstock
Abu Dhabi Oil Refining Company, Abu Dhabi
OMVRM
AEA
15.00
15.00
Abu Dhabi Petroleum Investments LLC, Abu Dhabi (ADPINV)
OMVRM
AEJ
25.00
25.00
ADNOC Global Trading LTD, Abu Dhabi
OMVRM
AEA
15.00
15.00
Aircraft Refuelling Company GmbH, Vienna
OMVRM
NC-I
33.33
33.33
Autobahn - Betriebe Gesellschaft m.b.H., Vienna
OMVRM
NC-I
47.19
47.19
Avanti Deutschland GmbH, Berchtesgaden
OMVRM
C
\u2014
100.00
BSP Bratislava-Schwechat Pipeline GmbH in Liqu., Vienna5
OMVRM
NC-I
26.00
26.00
BTF Industriepark Schwechat GmbH, Schwechat
BPOAT
NC
50.00
50.00
OMVRM
50.00
50.00
Deutsche Transalpine Oelleitung GmbH, Munich
OMVD
AEA
32.26
32.26
DUNAT\u00c0R K\u00f6olajterm\u00e9k T\u00e1rol\u00f3 \u00e9s Kereskedelmi Kft., Budapest
OHUN
C
100.00
100.00
Erd\u00f6l-Lagergesellschaft m.b.H., Lannach6
OMVRM
AEA
55.60
55.60
GENOL Gesellschaft m.b.H., Korneuburg
OMVRM
AEA
29.00
29.00
KSW Beteiligungsgesellschaft m.b.H., Vienna (SWJS)
OMVRM
NC
\u2014
100.00
KSW Elektro- und Industrieanlagenbau Gesellschaft m.b.H.,
Feldkirch
SWJS
NC-I
\u2014
25.10
OMV - International Services Ges.m.b.H., Vienna
OMVRM
C
100.00
100.00
OMV BULGARIA OOD, Sofia
PETROM
C
99.90
99.90
OMVRM
0.10
0.10
OMV \u010cesk\u00e1 republika, s.r.o., Prague
OMVRM
C
100.00
100.00
OMV Deutschland Services GmbH, Burghausen (OMVDS)
OMVD
C
100.00
100.00
OMV Hung\u00e1ria \u00c1sv\u00e1nyolaj Korl\u00e1tolt Felel\u00f6ss\u00e9g\u00fc T\u00e1rsas\u00e1g,
Budapest (OHUN)
OMVRM
C
100.00
100.00
OMV PETROM Aviation S.R.L., Otopeni
PETROM
C
100.00
100.00
ROMAN
0.00
0.00
OMV Petrom Biofuels SRL, Bucharest
PETROM
C
25.00
75.00
OMVRM
75.00
25.00
OMV PETROM MARKETING SRL, Bucharest (ROMAN)
PETROM
C
100.00
100.00
OMV Refining & Marketing Middle East & Asia GmbH, Vienna
OMVRM
C
100.00
100.00
OMV Renewable Fuels & Feedstock B.V., Beveren
OMVRM
C
100.00
OMV SLOVENIJA trgovina z nafto in naftnimi derivati, d.o.o.,
Koper
OMVRM
C
\u2014
92.25
OMV Slovensko s.r.o., Bratislava
OMVRM
C
99.96
99.96
OMV SRBIJA d.o.o., Belgrade
PETROM
C
99.96
99.96
OMVRM
0.04
0.04
OMV Supply & Trading Italia S.r.l., Trieste
OMVRM
C
100.00
100.00
OMV Supply & Trading Limited, London (OTRAD)
OMVRM
C
100.00
100.00
OMV Supply & Trading Singapore PTE LTD., Singapore
OTRAD
NC
100.00
100.00
OMV Switzerland Holding AG, Zug4
OGI
NC
100.00
100.00
Pak-Arab Refinery Limited, Karachi
ADPINV
AEJ
40.00
40.00
Petrom-Moldova S.R.L., Chisinau
PETROM
C
100.00
100.00
Routex B.V., Amsterdam
OMVRM
NC-I
20.00
20.00
Salzburg Fuelling GmbH, Salzburg4
OMVRM
NC-I
50.00
33.33
Societ\u00e0 Italiana per l'Oleodotto Transalpino S.p.A., Trieste
OMVRM
AEA
32.26
32.26
SuperShop Marketing Korl\u00e1tolt Felel\u0151ss\u00e9g\u0171 T\u00e1rsas\u00e1g, Budapest
OHUN
NC-I
50.00
50.00
TGN Tankdienst-Gesellschaft N\u00fcrnberg GbR, Nuremberg
OMVD
NC-I
33.33
33.33
Transalpine \u00d6lleitung in \u00d6sterreich Gesellschaft m.b.H.,
Matrei in Osttirol
OMVRM
AEA
32.26
32.26
Energy
Central European Gas Hub AG, Vienna (HUB)
OGI
C
65.00
65.00
Deeep Tiefengeothermie GmbH, Vienna
OGEO
PC
49.00
EEX CEGH Gas Exchange Services GmbH, Vienna
HUB
AEA
49.00
49.00
Energy Infrastructure Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Holdings Limited, Wellington
NZEA
C
100.00
100.00
Energy Petroleum Investments Limited, Wellington
NZEA
C
100.00
100.00
Freya Bunde-Etzel GmbH & Co. KG, Bonn
OGSG
AEA
39.99
39.99
JSC GAZPROM YRGM Development, St. Petersburg7
OMVEP
NC-I
\u2014
\u2014
OJSC Severneftegazprom, Krasnoselkup
OMVEP
NC-I
24.99
24.99
OMV (Berenty) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (IRAN) onshore Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (Mandabe) Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (NAMIBIA) Exploration GmbH, Vienna
ONAFRU
NC
100.00
100.00
OMV (NORGE) AS, Stavanger (ONOR)
OMVEP
C
100.00
100.00
OMV (Tunesien) Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (TUNESIEN) Sidi Mansour GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (Yemen Block S 2) Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV (YEMEN) Al Mabar Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV (YEMEN) South Sanau Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi E&P GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Abu Dhabi Offshore GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Abu Dhabi Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV AUSTRALIA PTY LTD, Perth (OAUST)
OMV AG
C
100.00
100.00
OMV Austria Exploration & Production GmbH, Vienna (OEPA)
OMVEP
C
100.00
100.00
OMV Austria Geothermal GmbH, Vienna (OGEO)
OGREEN
C
100.00
100.00
OMV Barrow Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beagle Pty Ltd, Perth
OAUST
NC
100.00
100.00
OMV Beteiligungsverwaltungs GmbH, Vienna
OMV AG
NC
100.00
100.00
OMV Bina Bawi GmbH, Vienna
PETEX
NC
100.00
100.00
OMV Block 70 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Croatia Geothermal GmbH, Vienna
OGREEN
NC
100.00
OMV East Abu Dhabi Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Enerji Ticaret Anonim \u015eirketi, Istanbul8
OMVRM
C
100.00
100.00
OMV Exploration & Production GmbH, Vienna (OMVEP)
OMV AG
C
100.00
100.00
OMV EXPLORATION & PRODUCTION LIMITED, Douglas
OMVEP
NC
\u2014
100.00
OMV Gas Logistics Holding GmbH, Vienna (OGI)
OMV AG
C
100.00
100.00
OMV Gas Marketing & Trading Belgium, Brussels
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Deutschland GmbH, Dusseldorf
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading GmbH, Vienna (ECOGAS)
OMVRM
C
100.00
100.00
OMV Gas Marketing & Trading Hung\u00e1ria Kft., Budapest
ECOGAS
C
100.00
100.00
OMV Gas Marketing & Trading Italia S.r.l., Milan
ECOGAS
NC
100.00
100.00
OMV Gas Marketing Trading & Finance B.V., Amsterdam
OFS
C
100.00
100.00
OMV Gas Storage Germany GmbH, Cologne (OGSG)
OMVDS
C
100.00
100.00
OMV Gas Storage GmbH, Vienna
OGI
C
100.00
100.00
OMV Gaz Iletim A.S., Istanbul8
OMVRM
C
100.00
100.00
OMV Green Energy GmbH, Vienna (OGREEN)
OMVEP
C
100.00
100.00
OMV Jardan Block 3 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Maurice Energy GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Middle East & Africa GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Myrre Block 86 Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV New Zealand Limited, Wellington (NZEA)
OMVEP
C
100.00
100.00
OMV NZ Production Limited, Wellington
NZEA
C
100.00
100.00
OMV OF LIBYA LIMITED, Douglas
OMVEP
C
100.00
100.00
OMV Offshore (Namibia) GmbH, Vienna (ONAFRU)
OMVEP
NC
100.00
100.00
OMV Offshore Bulgaria GmbH, Vienna
PETROM
C
100.00
100.00
OMV Offshore Morondava GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil and Gas Exploration GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Oil Exploration GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Oil Production GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Orient Hydrocarbon GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Orient Upstream GmbH, Vienna
OMVEP
NC
100.00
100.00
OMV Petroleum Exploration GmbH, Vienna (PETEX)
OMVEP
NC
100.00
100.00
OMV Petroleum Pty Ltd, Perth
NZEA
NC
100.00
100.00
OMV PETROM E&P BULGARIA S.R.L., Bucharest
PETROM
C
100.00
100.00
OMV Petrom Energy Solution SRL, Bucharest
PETROM
NC
100.00
OMV PETROM GEORGIA LLC, Tbilisi
PETROM
C
100.00
100.00
OMV Proterra GmbH, Vienna
OEPA
NC
100.00
100.00
OMV Russia Upstream GmbH, Vienna
OMVEP
C
100.00
100.00
OMV Upstream International GmbH, Vienna (OUPI)
OMVEP
C
100.00
100.00
Pearl Petroleum Company Limited, Road Town
OUPI
AEA
10.00
10.00
PEI Venezuela Gesellschaft mit beschr\u00e4nkter Haftung,
Burghausen
OMVEP
NC
100.00
100.00
PETROM EXPLORATION & PRODUCTION LIMITED, Douglas
PETROM
NC
100.00
99.99
POSEIDON EXL 005 ANS, Lysaker
ONOR
PC
50.00
Preussag Energie International GmbH, Burghausen4
OMVEP
NC
100.00
100.00
S. PARC FOTOVOLTAIC ISALNITA S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC ROVINARI EST S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. PARC FOTOVOLTAIC TISMANA 1 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
S. SOLARIST TISMANA 2 S.A., T\u00e2rgu Jiu
PETROM
PC
50.00
50.00
SapuraOMV Block 30, S. de R.L. de C.V., Mexico City
SEUPMY
C
99.00
99.00
SEMXMY
1.00
1.00
SapuraOMV Upstream (Americas) Sdn. Bhd., Kuala Lumpur (SEAMMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Australia) Sdn. Bhd., Kuala Lumpur (SEAUMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Holding) Sdn. Bhd., Kuala Lumpur (SEUPMY)
SOUPMY
C
100.00
100.00
SAPURAOMV UPSTREAM (MALAYSIA) SDN. BHD.,
Kuala Lumpur
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Mexico) Sdn. Bhd., Kuala Lumpur (SEMXMY)
SEAMMY
C
100.00
100.00
SapuraOMV Upstream (NZ) Sdn. Bhd., Kuala Lumpur (SENZMY)
SEOCMY
C
100.00
100.00
SapuraOMV Upstream (Oceania) Sdn. Bhd., Kuala Lumpur (SEOCMY)
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Sarawak) Inc., Nassau
SEUPMY
C
100.00
100.00
SapuraOMV Upstream (Western Australia) Pty Ltd, Perth
SEAUMY
C
100.00
100.00
SapuraOMV Upstream JV Sdn. Bhd., Kuala Lumpur
SENZMY
NC
100.00
100.00
SapuraOMV Upstream Sdn. Bhd., Kuala Lumpur (SOUPMY)
OMVEP
C
50.00
50.00
Corporate & Other
ASOCIATIA ROMANA PENTRU RELATIA CU INVESTITORII,
Bucharest
PETROM
NC-I
20.00
20.00
Diramic Insurance Limited, Gibraltar
OMV AG
C
100.00
100.00
OMV Clearing und Treasury GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Services GmbH, Vienna (OFS)
SNO
C
100.00
100.00
OMV Finance Services NOK GmbH, Vienna
SNO
C
100.00
100.00
OMV Finance Solutions USD GmbH, Vienna
SNO
C
100.00
100.00
OMV Insurance Broker GmbH in Liqu., Vienna5
OMV AG
NC
100.00
100.00
OMV International Oil & Gas GmbH, Baar
OMV AG
C
100.00
100.00
OMV Petrom Global Solutions SRL, Bucharest
SNO
C
75.00
75.00
PETROM
25.00
25.00
OMV Solutions GmbH, Vienna (SNO)
OMV AG
C
100.00
100.00
PETROMED SOLUTIONS SRL, Bucharest
PETROM
C
100.00
100.00
Assigned to multiple segments9
C2PAT GmbH & Co KG, Vienna
BORAAG
AEJ
\u2014
25.00
OMVRM
\u2014
25.00
C2PAT GmbH, Vienna
BORAAG
AEJ
25.00
25.00
OMVRM
25.00
25.00
OMV Deutschland GmbH, Burghausen (OMVD)
OMVRM
C
90.00
90.00
OMV AG
10.00
10.00
OMV Deutschland Marketing & Trading GmbH & Co. KG,
Burghausen10
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Deutschland Operations GmbH & Co. KG, Burghausen
OMVD
C
99.99
99.99
OMVDS
0.01
0.01
OMV Downstream GmbH, Vienna (OMVRM)
OMV AG
C
100.00
100.00
OMV PETROM SA, Bucharest (PETROM)
OMV AG
C
51.16
51.16
1 Type of consolidation:
C Consolidated subsidiary
AEA Associated companies accounted at-equity
AEJ Joint venture accounted at-equity
PC Joint operation; accounting for OMV\u2019s share of assets, obligations for liabilities, share of income and expenses
NC-I Other not consolidated investment; associated companies and joint ventures of relatively little importance to the assets and earnings of the consolidated financial statements
NC Not-consolidated subsidiary; shell or distribution companies of relative insignificance individually and collectively to the consolidated financial statements
2 Incorporated in Wilmington
3 Economic share 100.00%
4 Type of consolidation was changed compared to 2022.
5 Company\u2019s legal name changed following the initiation of liquidation.
6 Despite majority interest not being fully consolidated, but accounted for at-equity due to absence of control.
7 Economic share 99.99%
8 Segment assignment was changed compared to 2022.
9 Assigned to the relevant segments in the segment reporting
10 In the 2023 financial year, OMV Deutschland Marketing & Trading GmbH & Co. KG made use of the exemption provision for the preparation of the annual financial statement and director\u2019s report, audit and disclosure pursuant to Section 264b\u00a0HGB in conjunction with Section 325\u00a0HGB. The company's exemption is mentioned in its notes and published in the Federal Gazette with reference to this provision and an indication of the parent company.
Material joint operations (IFRS 11)
Name
Nature of activities
Principal
place of
business
%
ownership
December 31, 2023
%
ownership
December 31, 2022
Nafoora \u2013 Augila1
Onshore development of hydrocarbons
Libya
100
100
Concession 1031
Onshore development and production of hydrocarbons
Libya
100
100
Pohokura
Offshore production of hydrocarbons
New
Zealand
74
74
Neptun Deep
Offshore exploration and development for hydrocarbons
Romania
50
50
Nawara
Onshore development and production of hydrocarbons
Tunisia
50
50
1 The percentage disclosed represents the second party share. The state-owned Libyan national oil corporation (NOC) is entitled to 88\u201390% of the production (\u201cprimary split\u201d).
Other significant arrangements
Name
Nature of activities
Principal place of business
%
ownership
December 31, 2023
%
ownership
December 31, 2022
NC 1151
Onshore development and production of hydrocarbons
Libya
30
30
NC 1861
Onshore development and production of hydrocarbons
Libya
24
24
SK 4082
Offshore development and production of hydrocarbons
Malaysia
40
40
Aasta Hansteen
Offshore production of hydrocarbons
Norway
15
15
Edvard Grieg
Offshore production of hydrocarbons
Norway
20
20
Gullfaks
Offshore production of hydrocarbons
Norway
19
19
Sarb & Umm Lulu
Offshore development and production of hydrocarbons
Abu Dhabi
20
20
Ghasha
Offshore exploration for and development of hydrocarbons
Abu Dhabi
5
5
1 The percentage disclosed represents the second party share. The state owned Libyan national oil corporation (NOC) is entitled to 88\u201390% of the production (\u201cprimary split\u201d).
2 SK408 is part of the SapuraOMV disposal group that was reclassified to held for sale.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-133": { "value": "
Financial assets
In EUR mn
Valued at fair value through profit or loss
Valued at
fair value through other comprehen-
sive income
Valued at amortized cost
Total
carrying
amount
thereof
short-term
thereof
long-term
2023
Trade receivables from contracts with customers
99
\u2014
2,571
2,670
2,670
\u2014
Other trade receivables
\u2014
\u2014
785
785
785
\u2014
Total trade receivables
99
\u2014
3,356
3,455
3,455
\u2014
Equity investments
1
56
\u2014
57
\u2014
57
Investment funds
28
\u2014
\u2014
28
\u2014
28
Bonds
\u2014
\u2014
285
285
245
39
Derivatives designated and effective as hedging instruments
\u2014
52
\u2014
52
50
2
Other derivatives
890
\u2014
\u2014
890
692
198
Loans
\u2014
\u2014
910
910
5
905
Other sundry financial assets
2
\u2014
1,610
1,612
1,139
474
Total other financial assets
921
108
2,805
3,834
2,130
1,704
Financial assets
1,020
108
6,160
7,288
5,584
1,704
2022
Trade receivables from contracts with customers
136
\u2014
3,351
3,487
3,487
\u2014
Other trade receivables
\u2014
\u2014
735
735
735
\u2014
Total trade receivables
136
\u2014
4,086
4,222
4,222
\u2014
Equity investments
24
19
\u2014
42
\u2014
42
Investment funds
26
\u2014
\u2014
26
\u2014
26
Bonds
\u2014
\u2014
52
52
32
20
Derivatives designated and effective as hedging instruments
10
370
\u2014
380
263
116
Other derivatives
2,867
\u2014
\u2014
2,867
2,114
753
Loans
\u2014
\u2014
711
711
82
628
Other sundry financial assets
\u2014
\u2014
1,850
1,850
1,437
413
Total other financial assets
2,927
389
2,612
5,928
3,929
1,999
Financial assets
3,063
389
6,699
10,150
8,151
1,999
The gains and losses recognized directly in other comprehensive income and their related tax effects were as follows:
Tax effects relating to each component of other comprehensive income
In EUR mn
2023
2022
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Currency translation differences
\u2013542
\u20130
\u2013542
603
\u20132
602
Gains (+)/losses (\u2013) on hedges
\u2013360
83
\u2013277
40
\u20133
37
Remeasurement gains (+)/losses (\u2013)
on defined benefit plans
\u201358
7
\u201351
263
\u201335
228
Gains (+)/losses (\u2013) on equity
investments
\u20132
1
\u20132
2
1
3
Gains (+)/losses (\u2013) on hedges that
are subsequently transferred to
the carrying amount of the
hedged item
\u201327
6
\u201321
\u201367
8
\u201358
Share of other comprehensive
income of equity-accounted
investments
02
n.a.
0
62
n.a.
6
Other comprehensive income
for the year
\u2013989
97
\u2013893
847
\u201330
817
1 Including valuation allowances for deferred tax assets for the Austrian tax group. For further details please refer to Note 14 \u2013 Taxes on income and profit.
2 Represents net-of-tax amounts
Other financial liabilities
In EUR mn
Short-term
Long-term
Total
2023
Derivative financial liabilities
386
150
536
Liabilities on derivatives designated and effective as hedging instruments
33
34
67
Liabilities on other derivatives
353
116
469
Other sundry financial liabilities
1,038
166
1,204
Other financial liabilities
1,424
316
1,740
2022
Derivative financial liabilities
1,263
353
1,615
Liabilities on derivatives designated and effective as hedging instruments
41
4
44
Liabilities on other derivatives
1,222
349
1,571
Other sundry financial liabilities
910
137
1,047
Other financial liabilities
2,172
489
2,662
Financial liabilities (undiscounted cash flows)
In EUR mn
\u22641 year
1\u20135 years
>5 years
Total
2023
Bonds
597
3,845
2,113
6,555
Other interest-bearing debt
459
857
231
1,547
Lease liabilities
219
588
1,231
2,038
Trade payables
3,955
\u2014
\u2014
3,955
Derivative financial liabilities
393
157
\u2014
550
Other sundry financial liabilities1
1,039
82
139
1,260
Financial liabilities (undiscounted cash flows)
6,662
5,529
3,713
15,904
2022
Bonds
1,351
3,394
3,160
7,905
Other interest-bearing debts
141
1,018
393
1,552
Lease liabilities
186
514
1,131
1,831
Trade payables
5,259
\u2014
\u2014
5,259
Derivative financial liabilities
1,260
350
\u2014
1,610
Other sundry financial liabilities1
910
100
102
1,111
Financial liabilities (undiscounted cash flows)
9,107
5,375
4,786
19,268
1 Including the book value of the financial guarantees issued by Borealis to Bayport Polymers LLC; for further details on the guarantees and the maximum exposure related to it please refer to Note 30 \u2013 Risk management.
Market risk
Nominal and fair value of open derivative financial instruments
In EUR mn
2023
2022
Nominal
Fair
value
assets
Fair
value
liabilities
Nominal
Fair
value
assets
Fair
value
liabilities
Commodity price risk
Oil incl. oil products
1,120
27
\u20138
1,337
47
\u201335
Gas
31
\u2014
\u2014
10
\u2014
\u20133
Power
411
13
\u201359
351
320
\u20132
Commodity hedges (designated in hedge
relationship)1
1,562
39
\u201367
1,697
367
\u201341
Oil incl. oil products
10,614
2
\u201340
7,808
5
\u201322
Gas
16,104
714
\u2013386
17,730
2,365
\u20131,374
Power
262
47
\u201329
779
282
\u2013133
Other2
190
98
\u20133
220
209
\u20132
Commodity hedges
27,171
861
\u2013458
26,537
2,862
\u20131,531
Foreign currency risk
USD
159
3
\u20130
266
7
\u20130
SEK
123
7
\u2014
157
\u2014
\u20134
Foreign currency hedges (designated in hedge
relationship)1
282
10
\u20130
423
7
\u20134
USD
702
5
\u201311
1,207
4
\u201310
NOK
817
23
\u20130
2,493
1
\u201326
SEK
35
0
\u20130
26
0
\u20130
Other
153
1
\u20130
246
1
\u20134
Foreign currency hedges
1,707
29
\u201311
3,972
5
\u201339
Interest rate risk
Interest rate hedges (designated in hedge
relationship)1
100
3
\u2014
103
6
\u2014
1 Including ineffective part of hedges designated in a hedging relationship
2 Includes derivatives for European Emission Allowances
Cash flow hedging \u2013 Impact of hedge accounting
In EUR mn
Forecast purchases
Forecast sales
Foreign
currency
Interest rate
Total
Commodity price risk
Foreign currency risk
Interest
rate risk
2023
Cash flow hedge reserve as of
January 1 (net of tax)
245
8
3
7
264
Gains (+)/losses (\u2013) of the period
recognized in OCI
\u2013326
\u201324
5
\u20132
\u2013347
Amounts reclassified to the income statement
\u201362
24
1
\u20134
\u201340
Amounts reclassified to the balance sheet
42
\u2014
\u2014
\u2014
42
Tax effects
80
\u20130
\u20131
1
80
Cash flow hedge reserve as
of December 31 (net of tax)
\u201321
9
7
2
\u20132
Hedge ineffectiveness recognized in the income statement
\u2014
0
\u2014
\u2014
0
2022
Cash flow hedge reserve as of
January 1 (net of tax)
243
\u20139
\u20136
2
230
Gains (+)/losses (\u2013) of the period
recognized in OCI
360
\u201340
\u201316
7
310
Amounts reclassified to the income statement
\u2013422
63
21
\u2014
\u2013338
Amounts reclassified to the balance sheet
57
\u2014
6
\u2014
63
Tax effects
8
\u20135
\u20133
\u20132
\u20132
Cash flow hedge reserve as
of December 31 (net of tax)
245
8
3
7
264
Hedge ineffectiveness recognized in the income statement
\u20131
1
\u2014
\u2014
\u20131
Reserve for unrealized exchange gains (+)/losses (\u2013) for net investment hedge1
In EUR mn
Foreign currency risk
2023
2022
Reserve as of January 1 (net of tax)
\u201313
\u20135
Valuation of the USD loans
6
\u201313
Amounts reclassified to the income statement
\u2014
2
Tax effects
\u20131
3
Reserve as of December 31 (net of tax)
\u20139
\u201313
1 Included in currency translation differences within other comprehensive income
Impact of fair value hedge accounting on the income statement and statement of financial position
In EUR mn
Hedged Item
Carrying amount
Cumulative amount of fair value hedge adjustment included in the carrying amount of the hedged item
Effective gains (+) /losses (\u2013) of the period recognized in the income statement
Line item in the statement of financial positions
Liabilities
2023
Non-financial liability
28
\u20138
1
Other liabilities
2022
Non-financial liability
132
2
\u20136
Other liabilities
At December 31, 2023, and December 31, 2022, the Group held the following cash flow, fair value, and net investment hedging relationships. The table shows the profile of the timing (maturity) of the nominal amount of the hedging instruments:
Impact of hedge accounting on the statement of financial position
In EUR mn
Forecast purchases
Forecast sales
Recognized liability
Net investment hedge
Foreign
currency
Interest hedges
Commodity price risk
Foreign currency risk
Interest
rate risk
Total
2023
Nominal value
1,447
85
29
109
282
100
2,052
Below one year
1,251
85
29
44
282
100
1,792
More than one year
196
\u2014
\u2014
64
\u2014
\u2014
260
Fair value \u2013 assets
39
\u2014
n.a.
10
3
52
Fair value \u2013 liabilities
66
1
n.a.
0
\u2014
67
2022
Nominal value
1,168
385
145
150
423
103
2,374
Below one year
999
385
145
38
423
\u2014
1,989
More than one year
169
\u2014
\u2014
113
\u2014
103
385
Fair value \u2013 assets
357
10
n.a.
7
6
380
Fair value \u2013 liabilities
37
4
n.a.
4
\u2014
44
Commodity price risk
European Emission Allowances
Electricity prices
Chemicals & Materials
Fuels & Feedstock
Energy
Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock
Foreign exchange risk management
Interest rate management
Sensitivity analysis
Sensitivity analysis for open commodity derivatives affecting profit before tax
In EUR mn
2023
2022
Market price
+10%
Market price
\u201310%
Market price
+10%
Market price
\u201310%
Oil incl. oil products
\u20134
4
4
\u20134
Oil incl. oil products \u2013 designated in a hedge relationship1
3
\u20133
14
\u201314
Gas
\u201334
34
10
\u201310
Power
2
\u20132
13
\u201313
Other2
28
\u201328
43
\u201343
Total
\u20134
4
83
\u201383
1 Includes hedging instruments designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. For further details see section Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock.
2 Includes derivatives for European Emission Allowances
Sensitivity analysis for open commodity derivatives affecting other comprehensive income before tax
In EUR mn
2023
2022
Market price
+10%
Market price
\u201310%
Market price
+10%
Market price
\u201310%
Oil incl. oil products
\u201334
34
\u201339
39
Gas
2
\u20132
5
\u20135
Power
31
\u201331
48
\u201348
Commodity hedges (designated
in a hedge relationship)
\u20131
1
15
\u201315
For financial instruments, sensitivity analysis is performed for changes in foreign exchange rates of currencies material to the Group. On Group level, the EUR\u2013RON sensitivity not only includes the net RON exposure versus the EUR but also the net RON exposure versus the USD, since the USD\u2013RON exposure can be split into EUR\u2013RON and EUR\u2013USD exposure. The same is true for the EUR\u2013NOK, EUR\u2013SEK and EUR\u2013NZD exposure.
Sensitivity analysis for financial instruments affecting profit before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013RON
\u201312
12
8
\u20138
EUR\u2013USD
1
\u20131
8
\u20138
EUR\u2013NZD
\u20136
6
\u20132
2
EUR\u2013NOK
7
\u20137
23
\u201323
EUR\u2013SEK
\u20134
4
\u20133
3
1 Refers only to financial instruments and is not the same as the Group\u2019s overall foreign exchange rate sensitivity in terms of operating result.
Sensitivity analysis for financial instruments affecting other comprehensive income before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013USD
28
\u201328
43
\u201343
EUR\u2013SEK
\u201312
12
\u201316
16
1 Including sensitivity of the net investment hedge
The main counterparties with contracts involving derivative financial instruments have investment grade credit ratings.
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.
32 Offsetting of financial assets and financial liabilities
Offsetting of financial assets
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Liabilities with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
20
3,359
\u20132,417
942
\u2013122
820
Trade receivables
20
4,535
\u20131,081
3,455
\u201365
3,390
Other sundry financial assets
20
1,626
\u201313
1,612
\u20131
1,611
Total
9,520
\u20133,511
6,009
\u2013187
5,822
2022
Derivative financial instruments
13,466
\u201310,219
3,247
\u2013547
2,700
Trade receivables
6,086
\u20131,864
4,222
\u2013106
4,116
Other sundry financial assets
1,892
\u201342
1,850
\u20131
1,849
Total
21,444
\u201312,125
9,318
\u2013654
8,664
Offsetting of financial liabilities
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Assets with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
26
2,953
\u20132,417
536
\u2013122
415
Trade payables
26
5,035
\u20131,081
3,955
\u201365
3,890
Other sundry financial liabilities
26
1,217
\u201313
1,204
\u20131
1,203
Total
9,206
\u20133,511
5,695
\u2013187
5,508
2022
Derivative financial instruments
11,835
\u201310,219
1,615
\u2013547
1,068
Trade payables
7,123
\u20131,864
5,259
\u2013106
5,153
Other sundry financial liabilities
1,089
\u201342
1,047
\u20131
1,046
Total
20,046
\u201312,125
7,921
\u2013654
7,267
33 Result on financial instruments
Result on financial instruments
In EUR mn
Amount
Financial
instruments at fair value
through profit or loss
Equity instruments
designated as
measured at
fair value through
other
comprehensive
income
Financial
assets at
amortized
cost
Financial
liabilities at
amortized
cost
2023
Fair value changes of financial
assets and derivatives
111
111
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201338
\u2014
\u2014
\u201338
\u2014
Result on financial instruments
within operating result
73
111
\u2014
\u201338
\u2014
Dividend income
10
\u2014
4
\u2014
\u2014
Interest income
473
\u2014
\u2014
473
\u2014
Interest expenses
\u2013415
\u20133
\u2014
\u2014
\u2013148
Fair value changes of financial instruments
\u201321
\u201321
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013191
\u2013191
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201377
\u201377
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20135
\u2014
\u2014
\u20132
\u2014
Other
\u20136
\u20130
\u20131
0
\u20135
Result on financial instruments
within financial result
\u2013232
\u2013292
3
471
\u2013153
2022
Fair value changes of financial
assets and derivatives
1,029
1,029
\u2014
\u2014
\u2014
Net impairment losses on financial
assets
\u201343
\u2014
\u2014
\u201343
\u2014
Result on financial instruments
within operating result
986
1,029
\u2014
\u201343
\u2014
Dividend income
11
\u2014
11
\u2014
\u2014
Interest income
269
\u2014
\u2014
269
\u2014
Interest expenses
\u2013417
\u20134
\u2014
\u2014
\u2013161
Fair value changes of financial instruments
\u2013374
\u2013374
\u2014
\u2014
\u2014
Fair value changes of FX derivatives
\u2013186
\u2013186
\u2014
\u2014
\u2014
Financial charges for factoring and
securitization
\u201346
\u201346
\u2014
\u2014
\u2014
Impairments of financial
instruments, net
\u20131,007
\u2014
\u2014
\u20131,007
\u2014
Other
\u201312
0
\u2014
0
\u201312
Result on financial instruments
within financial result
\u20131,761
\u2013609
11
\u2013739
\u2013173
", "dimensions": { "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-134": { "value": "
Financial assets
In EUR mn
Valued at fair value through profit or loss
Valued at
fair value through other comprehen-
sive income
Valued at amortized cost
Total
carrying
amount
thereof
short-term
thereof
long-term
2023
Trade receivables from contracts with customers
99
\u2014
2,571
2,670
2,670
\u2014
Other trade receivables
\u2014
\u2014
785
785
785
\u2014
Total trade receivables
99
\u2014
3,356
3,455
3,455
\u2014
Equity investments
1
56
\u2014
57
\u2014
57
Investment funds
28
\u2014
\u2014
28
\u2014
28
Bonds
\u2014
\u2014
285
285
245
39
Derivatives designated and effective as hedging instruments
\u2014
52
\u2014
52
50
2
Other derivatives
890
\u2014
\u2014
890
692
198
Loans
\u2014
\u2014
910
910
5
905
Other sundry financial assets
2
\u2014
1,610
1,612
1,139
474
Total other financial assets
921
108
2,805
3,834
2,130
1,704
Financial assets
1,020
108
6,160
7,288
5,584
1,704
2022
Trade receivables from contracts with customers
136
\u2014
3,351
3,487
3,487
\u2014
Other trade receivables
\u2014
\u2014
735
735
735
\u2014
Total trade receivables
136
\u2014
4,086
4,222
4,222
\u2014
Equity investments
24
19
\u2014
42
\u2014
42
Investment funds
26
\u2014
\u2014
26
\u2014
26
Bonds
\u2014
\u2014
52
52
32
20
Derivatives designated and effective as hedging instruments
10
370
\u2014
380
263
116
Other derivatives
2,867
\u2014
\u2014
2,867
2,114
753
Loans
\u2014
\u2014
711
711
82
628
Other sundry financial assets
\u2014
\u2014
1,850
1,850
1,437
413
Total other financial assets
2,927
389
2,612
5,928
3,929
1,999
Financial assets
3,063
389
6,699
10,150
8,151
1,999
21 Other assets
Other assets
In EUR mn
2023
2022
Short-term
Long-term
Short-term
Long-term
Prepaid expenses
89
13
84
15
Advance payments on fixed assets
184
\u2014
72
14
Other payments on account
124
25
194
16
Receivables from other taxes and social security
202
40
395
40
Contract assets
\u2014
8
\u2014
8
Emission rights1
630
\u2014
657
\u2014
Emission rights to be received from customers1
42
\u2014
36
\u2014
Other non-financial assets
81
80
194
22
Other assets
1,351
165
1,632
115
1 For further details refer to Note 2 \u2013 Effects of climate change and the energy transition.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-135": { "value": "
Financial assets
In EUR mn
Valued at fair value through profit or loss
Valued at
fair value through other comprehen-
sive income
Valued at amortized cost
Total
carrying
amount
thereof
short-term
thereof
long-term
2023
Trade receivables from contracts with customers
99
\u2014
2,571
2,670
2,670
\u2014
Other trade receivables
\u2014
\u2014
785
785
785
\u2014
Total trade receivables
99
\u2014
3,356
3,455
3,455
\u2014
Equity investments
1
56
\u2014
57
\u2014
57
Investment funds
28
\u2014
\u2014
28
\u2014
28
Bonds
\u2014
\u2014
285
285
245
39
Derivatives designated and effective as hedging instruments
\u2014
52
\u2014
52
50
2
Other derivatives
890
\u2014
\u2014
890
692
198
Loans
\u2014
\u2014
910
910
5
905
Other sundry financial assets
2
\u2014
1,610
1,612
1,139
474
Total other financial assets
921
108
2,805
3,834
2,130
1,704
Financial assets
1,020
108
6,160
7,288
5,584
1,704
2022
Trade receivables from contracts with customers
136
\u2014
3,351
3,487
3,487
\u2014
Other trade receivables
\u2014
\u2014
735
735
735
\u2014
Total trade receivables
136
\u2014
4,086
4,222
4,222
\u2014
Equity investments
24
19
\u2014
42
\u2014
42
Investment funds
26
\u2014
\u2014
26
\u2014
26
Bonds
\u2014
\u2014
52
52
32
20
Derivatives designated and effective as hedging instruments
10
370
\u2014
380
263
116
Other derivatives
2,867
\u2014
\u2014
2,867
2,114
753
Loans
\u2014
\u2014
711
711
82
628
Other sundry financial assets
\u2014
\u2014
1,850
1,850
1,437
413
Total other financial assets
2,927
389
2,612
5,928
3,929
1,999
Financial assets
3,063
389
6,699
10,150
8,151
1,999
21 Other assets
Other assets
In EUR mn
2023
2022
Short-term
Long-term
Short-term
Long-term
Prepaid expenses
89
13
84
15
Advance payments on fixed assets
184
\u2014
72
14
Other payments on account
124
25
194
16
Receivables from other taxes and social security
202
40
395
40
Contract assets
\u2014
8
\u2014
8
Emission rights1
630
\u2014
657
\u2014
Emission rights to be received from customers1
42
\u2014
36
\u2014
Other non-financial assets
81
80
194
22
Other assets
1,351
165
1,632
115
1 For further details refer to Note 2 \u2013 Effects of climate change and the energy transition.
\u201cOther non-financial assets\u201d in 2022 mainly consisted of receivables from Romanian authorities in relation to compensation for the sales of natural gas at capped prices to clients that were allocated to the Company as a Supplier of Last Resort and for electricity sales at capped prices. It also included receivables in relation to the subsidies for half of the 0.50 RON per liter voluntary price reduction for the sale of diesel and\u00a0gasoline in Romania, which applied only in 2022.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-136": { "value": "
Equity investments measured at FVOCI
In EUR mn
2023
2022
Investment
Fair value
Fair value adjustment through OCI
Dividend recognized as income
Fair value
Fair value adjustment through OCI
Dividend recognized as income
Eavor Technologies Inc.
34
\u2014
\u2014
\u2014
\u2014
\u2014
Hycamite TCD Technologies Ltd.
5
\u2014
\u2014
\u2014
\u2014
\u2014
APK Pensionskasse AG
2
\u20131
\u2014
2
\u20130
0
Wiener B\u00f6rse AG
6
\u20131
1
7
3
1
FSH Flughafen-Schwechat-Hydranten-Gesellschaft GmbH & Co OG
2
\u2014
\u2014
2
\u2014
0
WAV W\u00e4rme Austria VertriebsgmbH
\u2014
\u2014
1
2
\u2014
0
Bockatech Ltd.
5
\u2014
\u2014
3
\u2014
\u2014
Everen Limited
0
\u2014
3
0
\u2014
4
Other
2
\u2014
0
2
\u2014
0
Equity investments measured at FVOCI
56
\u20132
4
19
2
6
Nominal and fair value of open derivative financial instruments
In EUR mn
2023
2022
Nominal
Fair
value
assets
Fair
value
liabilities
Nominal
Fair
value
assets
Fair
value
liabilities
Commodity price risk
Oil incl. oil products
1,120
27
\u20138
1,337
47
\u201335
Gas
31
\u2014
\u2014
10
\u2014
\u20133
Power
411
13
\u201359
351
320
\u20132
Commodity hedges (designated in hedge
relationship)1
1,562
39
\u201367
1,697
367
\u201341
Oil incl. oil products
10,614
2
\u201340
7,808
5
\u201322
Gas
16,104
714
\u2013386
17,730
2,365
\u20131,374
Power
262
47
\u201329
779
282
\u2013133
Other2
190
98
\u20133
220
209
\u20132
Commodity hedges
27,171
861
\u2013458
26,537
2,862
\u20131,531
Foreign currency risk
USD
159
3
\u20130
266
7
\u20130
SEK
123
7
\u2014
157
\u2014
\u20134
Foreign currency hedges (designated in hedge
relationship)1
282
10
\u20130
423
7
\u20134
USD
702
5
\u201311
1,207
4
\u201310
NOK
817
23
\u20130
2,493
1
\u201326
SEK
35
0
\u20130
26
0
\u20130
Other
153
1
\u20130
246
1
\u20134
Foreign currency hedges
1,707
29
\u201311
3,972
5
\u201339
Interest rate risk
Interest rate hedges (designated in hedge
relationship)1
100
3
\u2014
103
6
\u2014
1 Including ineffective part of hedges designated in a hedging relationship
2 Includes derivatives for European Emission Allowances
31 Fair value hierarchy
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.

Financial liabilities for which fair values are disclosed
In EUR mn
Carrying amount
Fair value
Fair value level
Level 1
Level 2
Level 3
2023
Bonds
6,073
5,766
5,766
\u2014
\u2014
Other interest-bearing debt
1,470
1,349
\u2014
1,349
\u2014
Financial liabilities
7,543
7,115
5,766
1,349
\u2014
2022
Bonds
7,320
6,747
6,747
\u2014
\u2014
Other interest-bearing debt
1,487
1,320
\u2014
1,320
\u2014
Financial liabilities
8,807
8,067
6,747
1,320
\u2014
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-137": { "value": "
Probability of default
Equivalent to external credit rating
Probability of default
2023
2022
Risk Class 1
AAA, AA+, AA,
AA\u2013, A+, A, A\u2013
0.13%
0.13%
Risk Class 2
BBB+, BBB, BBB\u2013
0.44%
0.44%
Risk Class 3
BB+, BB, BB\u2013
1.18%
1.18%
Risk Class 4
B+, B, B\u2013
8.52%
8.52%
Risk Class 5
CCC/C
29.54%
29.54%
Risk Class 6
SD/D
100.00%
100.00%
Impairments of trade receivables
In EUR mn
2023
2022
January 1
65
51
Amounts written off
\u20133
\u20134
Net remeasurement of expected credit losses
41
23
Currency translation differences
\u20131
0
Reclassification to assets held for sale
\u20131
\u20134
Changes in the consolidated group
\u20130
\u20131
December 31
101
65
Credit quality of trade receivables
In EUR mn
2023
2022
Risk Class 1
1,155
1,457
Risk Class 2
855
1,239
Risk Class 3
873
927
Risk Class 4
252
333
Risk Class 5
268
153
Risk Class 6
53
42
Total gross carrying amount
3,457
4,151
Expected credit losses
\u2013101
\u201365
Total
3,356
4,086
Impairments of other financial assets at amortized cost
In EUR mn
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL
credit impaired
Total
2023
January 1
10
44
1,311
1,365
Amounts written off
\u20131
\u2014
\u20135
\u20136
Net remeasurement of expected credit losses
4
\u201311
140
133
Currency translation differences
\u20130
\u20131
\u20133
\u20135
December 311, 2
13
32
1,442
1,487
2022
January 1
9
31
211
251
Amounts written off
0
\u2014
\u20135
\u20135
Net remeasurement of expected credit losses
2
12
1,100
1,114
Currency translation differences
0
2
4
6
December 311, 2
10
44
1,311
1,365
1 \u201cLifetime ECL credit impaired\u201d included fully impaired gross carrying amount of loan receivables including accrued interest related to the financing agreements for the Nord Stream 2 pipeline project in the amount of EUR 1.2 bn (2022: EUR 1.1 bn).
2 \u201c12-month ECL\u201d included an amount of EUR 1 mn (2022: EUR 1 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
Credit quality of other financial assets at amortized cost
In EUR mn
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL credit impaired
Total
12-month ECL
Lifetime ECL not credit impaired
Lifetime ECL credit impaired
Total
2023
2022
Risk Class 1
826
\u2014
\u2014
826
1,014
86
80
1,180
Risk Class 21
751
\u2014
8
759
702
\u2014
9
710
Risk Class 3
1,140
94
77
1,312
826
\u2014
2
827
Risk Class 4
2
\u2014
\u2014
2
4
\u2014
\u2014
4
Risk Class 52
36
\u2014
1,245
1,281
35
\u2014
1,112
1,147
Risk Class 6
\u2014
\u2014
112
112
0
\u2014
109
109
Total gross carrying amount
2,755
94
1,442
4,292
2,580
86
1,311
3,977
Expected credit losses3
\u201313
\u201332
\u20131,442
\u20131,487
\u201310
\u201344
\u20131,311
\u20131,365
Total
2,742
62
\u2014
2,805
2,570
42
\u2014
2,612
1 \u201c12-month ECL\u201d included an amount of EUR 401 mn (2022: EUR 327 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
2 \u201cLifetime ECL credit impaired\u201d included fully impaired gross carrying amount of loan receivables including accrued interests related to the financing agreements for the Nord Stream 2 pipeline project in the amount of EUR 1.2 bn (2022: EUR 1.1 bn).
3 \u201c12-month ECL\u201d included an amount of EUR 1 mn (2022: EUR 1 mn) and \u201cLifetime ECL credit impaired\u201d an amount of EUR 8 mn (2022: EUR 9 mn) related to expenditure recoverable from the Romanian State, which are outside the scope of IFRS 9.
Credit risk management
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-138": { "value": "
21 Other assets
Other assets
In EUR mn
2023
2022
Short-term
Long-term
Short-term
Long-term
Prepaid expenses
89
13
84
15
Advance payments on fixed assets
184
\u2014
72
14
Other payments on account
124
25
194
16
Receivables from other taxes and social security
202
40
395
40
Contract assets
\u2014
8
\u2014
8
Emission rights1
630
\u2014
657
\u2014
Emission rights to be received from customers1
42
\u2014
36
\u2014
Other non-financial assets
81
80
194
22
Other assets
1,351
165
1,632
115
1 For further details refer to Note 2 \u2013 Effects of climate change and the energy transition.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-139": { "value": "
21 Other assets
Other assets
In EUR mn
2023
2022
Short-term
Long-term
Short-term
Long-term
Prepaid expenses
89
13
84
15
Advance payments on fixed assets
184
\u2014
72
14
Other payments on account
124
25
194
16
Receivables from other taxes and social security
202
40
395
40
Contract assets
\u2014
8
\u2014
8
Emission rights1
630
\u2014
657
\u2014
Emission rights to be received from customers1
42
\u2014
36
\u2014
Other non-financial assets
81
80
194
22
Other assets
1,351
165
1,632
115
1 For further details refer to Note 2 \u2013 Effects of climate change and the energy transition.
Other liabilities
In EUR mn
Short-term
Long-term
Total
2023
Other taxes and social security liabilities
1,168
\u2014
1,168
Payments received in advance
79
31
109
Contract liabilities
165
66
231
Other sundry liabilities
202
5
208
Other liabilities
1,613
102
1,715
2022
Other taxes and social security liabilities
1,040
\u2014
1,040
Payments received in advance
57
14
71
Contract liabilities
148
79
227
Other sundry liabilities
282
32
314
Other liabilities
1,527
124
1,652
", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-140": { "value": "
23 Equity of stockholders of the parent
Capital stock
Capital reserves
Hybrid capital
Revenue reserves
Treasury shares

The gains and losses recognized directly in other comprehensive income and their related tax effects were as follows:
Tax effects relating to each component of other comprehensive income
In EUR mn
2023
2022
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Pre-tax
expense (\u2013)
income (+)
Tax
expense (\u2013)
benefit (+)1
Net-of-tax
expense (\u2013)
income (+)
Currency translation differences
\u2013542
\u20130
\u2013542
603
\u20132
602
Gains (+)/losses (\u2013) on hedges
\u2013360
83
\u2013277
40
\u20133
37
Remeasurement gains (+)/losses (\u2013)
on defined benefit plans
\u201358
7
\u201351
263
\u201335
228
Gains (+)/losses (\u2013) on equity
investments
\u20132
1
\u20132
2
1
3
Gains (+)/losses (\u2013) on hedges that
are subsequently transferred to
the carrying amount of the
hedged item
\u201327
6
\u201321
\u201367
8
\u201358
Share of other comprehensive
income of equity-accounted
investments
02
n.a.
0
62
n.a.
6
Other comprehensive income
for the year
\u2013989
97
\u2013893
847
\u201330
817
1 Including valuation allowances for deferred tax assets for the Austrian tax group. For further details please refer to Note 14 \u2013 Taxes on income and profit.
2 Represents net-of-tax amounts
Treasury shares
Number of shares
In EUR mn
January 1, 2022
261,326
2.9
Disposals
\u201359,652
\u20130.7
December 31, 2022
201,674
2.2
Disposals
\u201359,667
\u20130.7
December 31, 2023
142,007
1.6
Development of number of shares in issue
Number of shares
Treasury shares
Shares in issue
January 1, 2022
327,272,727
261,326
327,011,401
Used for share-based compensations
\u2014
\u201359,652
59,652
December 31, 2022
327,272,727
201,674
327,071,053
Used for share-based compensations
\u2014
\u201359,667
59,667
December 31, 2023
327,272,727
142,007
327,130,720
24 Non-controlling interests
Subgroups with material NCI
In EUR mn
2023
2022
Subgroups
% NCI
Net income
allocated to NCI
Accumulated
NCI
% NCI
Net income
allocated to NCI
Accumulated
NCI
OMV Petrom Group
49%
398
3,848
49%
1,023
3,980
Borealis Group
25%
\u201321
3,021
25%
424
3,212
SapuraOMV Group
50%
\u201313
251
50%
21
274
Other subsidiaries
n.a.
2
10
n.a.
1
13
OMV Group
n.a.
366
7,131
n.a.
1,470
7,478
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-141": { "value": "
Capital stock
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-142": { "value": "All shares are entitled to dividends for the financial year 2023, with the exception of treasury shares held by OMV Aktiengesellschaft.
Hybrid capital
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-143": { "value": "
Capital reserves
Revenue reserves
", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-144": { "value": "
Treasury shares
Treasury shares
Number of shares
In EUR mn
January 1, 2022
261,326
2.9
Disposals
\u201359,652
\u20130.7
December 31, 2022
201,674
2.2
Disposals
\u201359,667
\u20130.7
December 31, 2023
142,007
1.6
Development of number of shares in issue
Number of shares
Treasury shares
Shares in issue
January 1, 2022
327,272,727
261,326
327,011,401
Used for share-based compensations
\u2014
\u201359,652
59,652
December 31, 2022
327,272,727
201,674
327,071,053
Used for share-based compensations
\u2014
\u201359,667
59,667
December 31, 2023
327,272,727
142,007
327,130,720
", "dimensions": { "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-145": { "value": "The costs of repurchased shares have been reflected as a reduction in equity. Gains or losses on the re-issue of treasury shares (issue proceeds less acquisition cost) result in an increase or a reduction in capital reserves.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-146": { "value": "5.05", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "fact-147": { "value": "2.3", "decimals": 2, "dimensions": { "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "fact-148": { "value": "2.95", "decimals": 2, "dimensions": { "concept": "omv_afr_esef:RegularDividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "fact-149": { "value": "2.1", "decimals": 2, "dimensions": { "concept": "omv_afr_esef:SpecialDividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "fact-150": { "value": "
24 Non-controlling interests
Subgroups with material NCI
In EUR mn
2023
2022
Subgroups
% NCI
Net income
allocated to NCI
Accumulated
NCI
% NCI
Net income
allocated to NCI
Accumulated
NCI
OMV Petrom Group
49%
398
3,848
49%
1,023
3,980
Borealis Group
25%
\u201321
3,021
25%
424
3,212
SapuraOMV Group
50%
\u201313
251
50%
21
274
Other subsidiaries
n.a.
2
10
n.a.
1
13
OMV Group
n.a.
366
7,131
n.a.
1,470
7,478
Statement of comprehensive income of subgroups with material NCI1
In EUR mn
2023
2022
OMV Petrom
Group
Borealis Group
OMV Petrom
Group
Borealis Group
Sales revenue
7,845
7,770
12,440
11,686
Net income for the year
815
33
2,089
1,690
Total comprehensive income
811
\u2013438
2,079
1,941
Attributable to NCI
396
\u2013138
1,019
488
Dividends paid to NCI
498
88
436
175
1 Figures refer to subgroup level, i.e., including at-equity consolidation and after elimination of intercompany transactions and balances within the subgroup.
Statement of financial position as of December 31 of subgroups with material NCI1
In EUR mn
2023
2022
OMV Petrom Group
Borealis Group
OMV Petrom Group2
Borealis Group
Non-current assets
7,109
11,489
6,509
11,043
Current assets
4,579
4,779
5,308
5,177
Assets held for sale
\u2014
\u2014
3
1,334
Non-current liabilities
2,064
2,611
1,647
2,782
Current liabilities
1,710
1,595
1,989
1,472
Liabilities associated with assets held for sale
\u2014
\u2014
\u2014
471
1 Figures refer to subgroup level, i.e. including at-equity consolidation and after elimination of intercompany transactions and balances within the subgroup.
2 Comparative information dated December 31, 2022, has been restated. For further details see Note 3 \u2013 Accounting policies, judgments, and estimates.
Statement of cash flows of subgroups with material NCI1
In EUR mn
2023
2022
OMV Petrom Group
Borealis Group
OMV Petrom Group
Borealis Group
Operating cash flow
2,045
945
2,299
1,572
Investing cash flow
\u20131,158
\u2013359
\u2013629
\u201358
Financing cash flow
\u20131,071
\u2013480
\u2013872
\u2013824
Net increase (+)/decrease (\u2013) in cash and cash equivalents
\u2013198
105
795
691
1 Figures refer to subgroup level, i.e., including at-equity consolidation and after elimination of intercompany transactions and balances within the subgroup.
", "dimensions": { "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-151": { "value": "
Liabilities
In EUR mn
2023
2022
Short-term
Long-term
Total
Short-term
Long-term
Total
Bonds
540
5,534
6,073
1,290
6,030
7,320
Other interest-bearing debts
427
1,043
1,470
128
1,359
1,487
Lease liabilities
181
1,404
1,585
155
1,322
1,476
Trade payables
3,955
\u2014
3,955
5,259
\u2014
5,259
Other financial liabilities
1,424
316
1,740
2,172
489
2,662
Other liabilities
1,613
102
1,715
1,527
124
1,652
Liabilities
8,140
8,398
16,538
10,531
9,325
19,856
Financial liabilities (undiscounted cash flows)
In EUR mn
\u22641 year
1\u20135 years
>5 years
Total
2023
Bonds
597
3,845
2,113
6,555
Other interest-bearing debt
459
857
231
1,547
Lease liabilities
219
588
1,231
2,038
Trade payables
3,955
\u2014
\u2014
3,955
Derivative financial liabilities
393
157
\u2014
550
Other sundry financial liabilities1
1,039
82
139
1,260
Financial liabilities (undiscounted cash flows)
6,662
5,529
3,713
15,904
2022
Bonds
1,351
3,394
3,160
7,905
Other interest-bearing debts
141
1,018
393
1,552
Lease liabilities
186
514
1,131
1,831
Trade payables
5,259
\u2014
\u2014
5,259
Derivative financial liabilities
1,260
350
\u2014
1,610
Other sundry financial liabilities1
910
100
102
1,111
Financial liabilities (undiscounted cash flows)
9,107
5,375
4,786
19,268
1 Including the book value of the financial guarantees issued by Borealis to Bayport Polymers LLC; for further details on the guarantees and the maximum exposure related to it please refer to Note 30 \u2013 Risk management.
Other liabilities
In EUR mn
Short-term
Long-term
Total
2023
Other taxes and social security liabilities
1,168
\u2014
1,168
Payments received in advance
79
31
109
Contract liabilities
165
66
231
Other sundry liabilities
202
5
208
Other liabilities
1,613
102
1,715
2022
Other taxes and social security liabilities
1,040
\u2014
1,040
Payments received in advance
57
14
71
Contract liabilities
148
79
227
Other sundry liabilities
282
32
314
Other liabilities
1,527
124
1,652

Contract liabilities
In EUR mn
2023
2022
January 1
227
228
Revenue recognized that was included in the contract liability balance
at the beginning of the period
\u2013140
\u2013126
Increases due to cash received, excluding amounts recognized
as revenue during the period
144
125
December 31
231
227
The contract liabilities consisted mainly of non-refundable prepayments of storage fees received from Erd\u00f6l-Lagergesellschaft m.b.H., Lannach on the basis of long-term service contracts, as well as of sold vouchers and cash received for customer loyalty programs from OMV\u2019s retail business.
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.
Offsetting of financial liabilities
In EUR mn
Note
Financial
instruments
(gross)
Amounts set
off in the
statement of
financial
position
Financial
instruments in
the statement
of financial
position (net)
Assets with
right of set-off
(not offset)
Net
2023
Derivative financial instruments
26
2,953
\u20132,417
536
\u2013122
415
Trade payables
26
5,035
\u20131,081
3,955
\u201365
3,890
Other sundry financial liabilities
26
1,217
\u201313
1,204
\u20131
1,203
Total
9,206
\u20133,511
5,695
\u2013187
5,508
2022
Derivative financial instruments
11,835
\u201310,219
1,615
\u2013547
1,068
Trade payables
7,123
\u20131,864
5,259
\u2013106
5,153
Other sundry financial liabilities
1,089
\u201342
1,047
\u20131
1,046
Total
20,046
\u201312,125
7,921
\u2013654
7,267
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-152": { "value": "
Liabilities
In EUR mn
2023
2022
Short-term
Long-term
Total
Short-term
Long-term
Total
Bonds
540
5,534
6,073
1,290
6,030
7,320
Other interest-bearing debts
427
1,043
1,470
128
1,359
1,487
Lease liabilities
181
1,404
1,585
155
1,322
1,476
Trade payables
3,955
\u2014
3,955
5,259
\u2014
5,259
Other financial liabilities
1,424
316
1,740
2,172
489
2,662
Other liabilities
1,613
102
1,715
1,527
124
1,652
Liabilities
8,140
8,398
16,538
10,531
9,325
19,856
Other financial liabilities
Other financial liabilities
In EUR mn
Short-term
Long-term
Total
2023
Derivative financial liabilities
386
150
536
Liabilities on derivatives designated and effective as hedging instruments
33
34
67
Liabilities on other derivatives
353
116
469
Other sundry financial liabilities
1,038
166
1,204
Other financial liabilities
1,424
316
1,740
2022
Derivative financial liabilities
1,263
353
1,615
Liabilities on derivatives designated and effective as hedging instruments
41
4
44
Liabilities on other derivatives
1,222
349
1,571
Other sundry financial liabilities
910
137
1,047
Other financial liabilities
2,172
489
2,662
Other liabilities
In EUR mn
Short-term
Long-term
Total
2023
Other taxes and social security liabilities
1,168
\u2014
1,168
Payments received in advance
79
31
109
Contract liabilities
165
66
231
Other sundry liabilities
202
5
208
Other liabilities
1,613
102
1,715
2022
Other taxes and social security liabilities
1,040
\u2014
1,040
Payments received in advance
57
14
71
Contract liabilities
148
79
227
Other sundry liabilities
282
32
314
Other liabilities
1,527
124
1,652
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-153": { "value": "
Liabilities
In EUR mn
2023
2022
Short-term
Long-term
Total
Short-term
Long-term
Total
Bonds
540
5,534
6,073
1,290
6,030
7,320
Other interest-bearing debts
427
1,043
1,470
128
1,359
1,487
Lease liabilities
181
1,404
1,585
155
1,322
1,476
Trade payables
3,955
\u2014
3,955
5,259
\u2014
5,259
Other financial liabilities
1,424
316
1,740
2,172
489
2,662
Other liabilities
1,613
102
1,715
1,527
124
1,652
Liabilities
8,140
8,398
16,538
10,531
9,325
19,856
Other financial liabilities
Other financial liabilities
In EUR mn
Short-term
Long-term
Total
2023
Derivative financial liabilities
386
150
536
Liabilities on derivatives designated and effective as hedging instruments
33
34
67
Liabilities on other derivatives
353
116
469
Other sundry financial liabilities
1,038
166
1,204
Other financial liabilities
1,424
316
1,740
2022
Derivative financial liabilities
1,263
353
1,615
Liabilities on derivatives designated and effective as hedging instruments
41
4
44
Liabilities on other derivatives
1,222
349
1,571
Other sundry financial liabilities
910
137
1,047
Other financial liabilities
2,172
489
2,662
Other liabilities
In EUR mn
Short-term
Long-term
Total
2023
Other taxes and social security liabilities
1,168
\u2014
1,168
Payments received in advance
79
31
109
Contract liabilities
165
66
231
Other sundry liabilities
202
5
208
Other liabilities
1,613
102
1,715
2022
Other taxes and social security liabilities
1,040
\u2014
1,040
Payments received in advance
57
14
71
Contract liabilities
148
79
227
Other sundry liabilities
282
32
314
Other liabilities
1,527
124
1,652
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-154": { "value": "
Bonds and other interest-bearing debts
30 Risk management
Capital risk
Capital management \u2013 key performance measures
In EUR mn (unless otherwise stated)
2023
2022
Bonds
6,073
7,320
Lease liabilities
1,587
1,524
Other interest-bearing debts
1,470
1,487
Debt
9,130
10,331
Cash and cash equivalents
7,011
8,124
Net debt1
2,120
2,207
Equity
25,369
26,628
Leverage ratio2 in %
8
8
1 Including items that were reclassified to assets or liabilities held for sale
2 The leverage ratio is defined as (net debt including leases)/(equity + net debt including leases).
Liquidity risk
Financial guarantee contracts
Market risk
Nominal and fair value of open derivative financial instruments
In EUR mn
2023
2022
Nominal
Fair
value
assets
Fair
value
liabilities
Nominal
Fair
value
assets
Fair
value
liabilities
Commodity price risk
Oil incl. oil products
1,120
27
\u20138
1,337
47
\u201335
Gas
31
\u2014
\u2014
10
\u2014
\u20133
Power
411
13
\u201359
351
320
\u20132
Commodity hedges (designated in hedge
relationship)1
1,562
39
\u201367
1,697
367
\u201341
Oil incl. oil products
10,614
2
\u201340
7,808
5
\u201322
Gas
16,104
714
\u2013386
17,730
2,365
\u20131,374
Power
262
47
\u201329
779
282
\u2013133
Other2
190
98
\u20133
220
209
\u20132
Commodity hedges
27,171
861
\u2013458
26,537
2,862
\u20131,531
Foreign currency risk
USD
159
3
\u20130
266
7
\u20130
SEK
123
7
\u2014
157
\u2014
\u20134
Foreign currency hedges (designated in hedge
relationship)1
282
10
\u20130
423
7
\u20134
USD
702
5
\u201311
1,207
4
\u201310
NOK
817
23
\u20130
2,493
1
\u201326
SEK
35
0
\u20130
26
0
\u20130
Other
153
1
\u20130
246
1
\u20134
Foreign currency hedges
1,707
29
\u201311
3,972
5
\u201339
Interest rate risk
Interest rate hedges (designated in hedge
relationship)1
100
3
\u2014
103
6
\u2014
1 Including ineffective part of hedges designated in a hedging relationship
2 Includes derivatives for European Emission Allowances
Cash flow hedging \u2013 Impact of hedge accounting
In EUR mn
Forecast purchases
Forecast sales
Foreign
currency
Interest rate
Total
Commodity price risk
Foreign currency risk
Interest
rate risk
2023
Cash flow hedge reserve as of
January 1 (net of tax)
245
8
3
7
264
Gains (+)/losses (\u2013) of the period
recognized in OCI
\u2013326
\u201324
5
\u20132
\u2013347
Amounts reclassified to the income statement
\u201362
24
1
\u20134
\u201340
Amounts reclassified to the balance sheet
42
\u2014
\u2014
\u2014
42
Tax effects
80
\u20130
\u20131
1
80
Cash flow hedge reserve as
of December 31 (net of tax)
\u201321
9
7
2
\u20132
Hedge ineffectiveness recognized in the income statement
\u2014
0
\u2014
\u2014
0
2022
Cash flow hedge reserve as of
January 1 (net of tax)
243
\u20139
\u20136
2
230
Gains (+)/losses (\u2013) of the period
recognized in OCI
360
\u201340
\u201316
7
310
Amounts reclassified to the income statement
\u2013422
63
21
\u2014
\u2013338
Amounts reclassified to the balance sheet
57
\u2014
6
\u2014
63
Tax effects
8
\u20135
\u20133
\u20132
\u20132
Cash flow hedge reserve as
of December 31 (net of tax)
245
8
3
7
264
Hedge ineffectiveness recognized in the income statement
\u20131
1
\u2014
\u2014
\u20131
Reserve for unrealized exchange gains (+)/losses (\u2013) for net investment hedge1
In EUR mn
Foreign currency risk
2023
2022
Reserve as of January 1 (net of tax)
\u201313
\u20135
Valuation of the USD loans
6
\u201313
Amounts reclassified to the income statement
\u2014
2
Tax effects
\u20131
3
Reserve as of December 31 (net of tax)
\u20139
\u201313
1 Included in currency translation differences within other comprehensive income
Impact of fair value hedge accounting on the income statement and statement of financial position
In EUR mn
Hedged Item
Carrying amount
Cumulative amount of fair value hedge adjustment included in the carrying amount of the hedged item
Effective gains (+) /losses (\u2013) of the period recognized in the income statement
Line item in the statement of financial positions
Liabilities
2023
Non-financial liability
28
\u20138
1
Other liabilities
2022
Non-financial liability
132
2
\u20136
Other liabilities
At December 31, 2023, and December 31, 2022, the Group held the following cash flow, fair value, and net investment hedging relationships. The table shows the profile of the timing (maturity) of the nominal amount of the hedging instruments:
Impact of hedge accounting on the statement of financial position
In EUR mn
Forecast purchases
Forecast sales
Recognized liability
Net investment hedge
Foreign
currency
Interest hedges
Commodity price risk
Foreign currency risk
Interest
rate risk
Total
2023
Nominal value
1,447
85
29
109
282
100
2,052
Below one year
1,251
85
29
44
282
100
1,792
More than one year
196
\u2014
\u2014
64
\u2014
\u2014
260
Fair value \u2013 assets
39
\u2014
n.a.
10
3
52
Fair value \u2013 liabilities
66
1
n.a.
0
\u2014
67
2022
Nominal value
1,168
385
145
150
423
103
2,374
Below one year
999
385
145
38
423
\u2014
1,989
More than one year
169
\u2014
\u2014
113
\u2014
103
385
Fair value \u2013 assets
357
10
n.a.
7
6
380
Fair value \u2013 liabilities
37
4
n.a.
4
\u2014
44
Commodity price risk
European Emission Allowances
Electricity prices
Chemicals & Materials
Fuels & Feedstock
Energy
Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock
Foreign exchange risk management
Interest rate management
Interest rate benchmark reform (IBOR Reform)
All transitions from interest rate benchmarks affected by IBOR reform to alternative benchmark rates have been completed at the reporting date.
Sensitivity analysis
Sensitivity analysis for open commodity derivatives affecting profit before tax
In EUR mn
2023
2022
Market price
+10%
Market price
\u201310%
Market price
+10%
Market price
\u201310%
Oil incl. oil products
\u20134
4
4
\u20134
Oil incl. oil products \u2013 designated in a hedge relationship1
3
\u20133
14
\u201314
Gas
\u201334
34
10
\u201310
Power
2
\u20132
13
\u201313
Other2
28
\u201328
43
\u201343
Total
\u20134
4
83
\u201383
1 Includes hedging instruments designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. For further details see section Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock.
2 Includes derivatives for European Emission Allowances
Sensitivity analysis for open commodity derivatives affecting other comprehensive income before tax
In EUR mn
2023
2022
Market price
+10%
Market price
\u201310%
Market price
+10%
Market price
\u201310%
Oil incl. oil products
\u201334
34
\u201339
39
Gas
2
\u20132
5
\u20135
Power
31
\u201331
48
\u201348
Commodity hedges (designated
in a hedge relationship)
\u20131
1
15
\u201315
For financial instruments, sensitivity analysis is performed for changes in foreign exchange rates of currencies material to the Group. On Group level, the EUR\u2013RON sensitivity not only includes the net RON exposure versus the EUR but also the net RON exposure versus the USD, since the USD\u2013RON exposure can be split into EUR\u2013RON and EUR\u2013USD exposure. The same is true for the EUR\u2013NOK, EUR\u2013SEK and EUR\u2013NZD exposure.
Sensitivity analysis for financial instruments affecting profit before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013RON
\u201312
12
8
\u20138
EUR\u2013USD
1
\u20131
8
\u20138
EUR\u2013NZD
\u20136
6
\u20132
2
EUR\u2013NOK
7
\u20137
23
\u201323
EUR\u2013SEK
\u20134
4
\u20133
3
1 Refers only to financial instruments and is not the same as the Group\u2019s overall foreign exchange rate sensitivity in terms of operating result.
Sensitivity analysis for financial instruments affecting other comprehensive income before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013USD
28
\u201328
43
\u201343
EUR\u2013SEK
\u201312
12
\u201316
16
1 Including sensitivity of the net investment hedge
Credit risk management
Maximum credit exposure1
In EUR mn
2023
2022
Trade receivables
3,455
4,222
Investments
85
69
Bonds
285
52
Derivatives
942
3,247
Loans
910
711
Other sundry financial assets
1,612
1,850
Cash and cash equivalents
6,920
8,090
Financial guarantee contracts2
1,234
623
Total maximum credit exposure
15,442
18,862
1 Excluding items reclassified to held for sale
2 Maximum exposure of financial guarantee contracts based on drawdowns of financing facilities as of December 31, 2023 exclude interest accrued.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-155": { "value": "
Other liabilities
In EUR mn
Short-term
Long-term
Total
2023
Other taxes and social security liabilities
1,168
\u2014
1,168
Payments received in advance
79
31
109
Contract liabilities
165
66
231
Other sundry liabilities
202
5
208
Other liabilities
1,613
102
1,715
2022
Other taxes and social security liabilities
1,040
\u2014
1,040
Payments received in advance
57
14
71
Contract liabilities
148
79
227
Other sundry liabilities
282
32
314
Other liabilities
1,527
124
1,652
Contract liabilities
In EUR mn
2023
2022
January 1
227
228
Revenue recognized that was included in the contract liability balance
at the beginning of the period
\u2013140
\u2013126
Increases due to cash received, excluding amounts recognized
as revenue during the period
144
125
December 31
231
227
The contract liabilities consisted mainly of non-refundable prepayments of storage fees received from Erd\u00f6l-Lagergesellschaft m.b.H., Lannach on the basis of long-term service contracts, as well as of sold vouchers and cash received for customer loyalty programs from OMV\u2019s retail business.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-156": { "value": "
Other liabilities
In EUR mn
Short-term
Long-term
Total
2023
Other taxes and social security liabilities
1,168
\u2014
1,168
Payments received in advance
79
31
109
Contract liabilities
165
66
231
Other sundry liabilities
202
5
208
Other liabilities
1,613
102
1,715
2022
Other taxes and social security liabilities
1,040
\u2014
1,040
Payments received in advance
57
14
71
Contract liabilities
148
79
227
Other sundry liabilities
282
32
314
Other liabilities
1,527
124
1,652
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-157": { "value": "
29 Contingent liabilities
On April 16, 2020, the Bulgarian Commission on Protection of Competition announced the initiation of an investigation into how prices are determined on the fuel market. OMV Bulgaria EOOD is a subject of this investigation, among other major manufacturers and retailers on the Bulgarian market. During 2020, two requests for information were received from authorities and the responses were submitted in due time. There were no additional requests from the authorities in 2021, 2022, and 2023, but the investigation is not yet finalized. The sanctions for antitrust infringements are up to 10% of the total company\u2019s turnover of the respective undertaking for the financial year prior to the sanctioning decision. At the date of these financial statements, OMV is not able to evaluate the outcome of the investigation and no provision was recorded in this respect.
", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-158": { "value": "
Capital risk
Capital management \u2013 key performance measures
In EUR mn (unless otherwise stated)
2023
2022
Bonds
6,073
7,320
Lease liabilities
1,587
1,524
Other interest-bearing debts
1,470
1,487
Debt
9,130
10,331
Cash and cash equivalents
7,011
8,124
Net debt1
2,120
2,207
Equity
25,369
26,628
Leverage ratio2 in %
8
8
1 Including items that were reclassified to assets or liabilities held for sale
2 The leverage ratio is defined as (net debt including leases)/(equity + net debt including leases).
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-159": { "value": "
Liquidity risk
Financial guarantee contracts
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-160": { "value": "
Market risk
Nominal and fair value of open derivative financial instruments
In EUR mn
2023
2022
Nominal
Fair
value
assets
Fair
value
liabilities
Nominal
Fair
value
assets
Fair
value
liabilities
Commodity price risk
Oil incl. oil products
1,120
27
\u20138
1,337
47
\u201335
Gas
31
\u2014
\u2014
10
\u2014
\u20133
Power
411
13
\u201359
351
320
\u20132
Commodity hedges (designated in hedge
relationship)1
1,562
39
\u201367
1,697
367
\u201341
Oil incl. oil products
10,614
2
\u201340
7,808
5
\u201322
Gas
16,104
714
\u2013386
17,730
2,365
\u20131,374
Power
262
47
\u201329
779
282
\u2013133
Other2
190
98
\u20133
220
209
\u20132
Commodity hedges
27,171
861
\u2013458
26,537
2,862
\u20131,531
Foreign currency risk
USD
159
3
\u20130
266
7
\u20130
SEK
123
7
\u2014
157
\u2014
\u20134
Foreign currency hedges (designated in hedge
relationship)1
282
10
\u20130
423
7
\u20134
USD
702
5
\u201311
1,207
4
\u201310
NOK
817
23
\u20130
2,493
1
\u201326
SEK
35
0
\u20130
26
0
\u20130
Other
153
1
\u20130
246
1
\u20134
Foreign currency hedges
1,707
29
\u201311
3,972
5
\u201339
Interest rate risk
Interest rate hedges (designated in hedge
relationship)1
100
3
\u2014
103
6
\u2014
1 Including ineffective part of hedges designated in a hedging relationship
2 Includes derivatives for European Emission Allowances
Cash flow hedging \u2013 Impact of hedge accounting
In EUR mn
Forecast purchases
Forecast sales
Foreign
currency
Interest rate
Total
Commodity price risk
Foreign currency risk
Interest
rate risk
2023
Cash flow hedge reserve as of
January 1 (net of tax)
245
8
3
7
264
Gains (+)/losses (\u2013) of the period
recognized in OCI
\u2013326
\u201324
5
\u20132
\u2013347
Amounts reclassified to the income statement
\u201362
24
1
\u20134
\u201340
Amounts reclassified to the balance sheet
42
\u2014
\u2014
\u2014
42
Tax effects
80
\u20130
\u20131
1
80
Cash flow hedge reserve as
of December 31 (net of tax)
\u201321
9
7
2
\u20132
Hedge ineffectiveness recognized in the income statement
\u2014
0
\u2014
\u2014
0
2022
Cash flow hedge reserve as of
January 1 (net of tax)
243
\u20139
\u20136
2
230
Gains (+)/losses (\u2013) of the period
recognized in OCI
360
\u201340
\u201316
7
310
Amounts reclassified to the income statement
\u2013422
63
21
\u2014
\u2013338
Amounts reclassified to the balance sheet
57
\u2014
6
\u2014
63
Tax effects
8
\u20135
\u20133
\u20132
\u20132
Cash flow hedge reserve as
of December 31 (net of tax)
245
8
3
7
264
Hedge ineffectiveness recognized in the income statement
\u20131
1
\u2014
\u2014
\u20131
Reserve for unrealized exchange gains (+)/losses (\u2013) for net investment hedge1
In EUR mn
Foreign currency risk
2023
2022
Reserve as of January 1 (net of tax)
\u201313
\u20135
Valuation of the USD loans
6
\u201313
Amounts reclassified to the income statement
\u2014
2
Tax effects
\u20131
3
Reserve as of December 31 (net of tax)
\u20139
\u201313
1 Included in currency translation differences within other comprehensive income
Impact of fair value hedge accounting on the income statement and statement of financial position
In EUR mn
Hedged Item
Carrying amount
Cumulative amount of fair value hedge adjustment included in the carrying amount of the hedged item
Effective gains (+) /losses (\u2013) of the period recognized in the income statement
Line item in the statement of financial positions
Liabilities
2023
Non-financial liability
28
\u20138
1
Other liabilities
2022
Non-financial liability
132
2
\u20136
Other liabilities
At December 31, 2023, and December 31, 2022, the Group held the following cash flow, fair value, and net investment hedging relationships. The table shows the profile of the timing (maturity) of the nominal amount of the hedging instruments:
Impact of hedge accounting on the statement of financial position
In EUR mn
Forecast purchases
Forecast sales
Recognized liability
Net investment hedge
Foreign
currency
Interest hedges
Commodity price risk
Foreign currency risk
Interest
rate risk
Total
2023
Nominal value
1,447
85
29
109
282
100
2,052
Below one year
1,251
85
29
44
282
100
1,792
More than one year
196
\u2014
\u2014
64
\u2014
\u2014
260
Fair value \u2013 assets
39
\u2014
n.a.
10
3
52
Fair value \u2013 liabilities
66
1
n.a.
0
\u2014
67
2022
Nominal value
1,168
385
145
150
423
103
2,374
Below one year
999
385
145
38
423
\u2014
1,989
More than one year
169
\u2014
\u2014
113
\u2014
103
385
Fair value \u2013 assets
357
10
n.a.
7
6
380
Fair value \u2013 liabilities
37
4
n.a.
4
\u2014
44
Commodity price risk
European Emission Allowances
Electricity prices
Chemicals & Materials
Fuels & Feedstock
Energy
Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock
Foreign exchange risk management
Interest rate management
Interest rate benchmark reform (IBOR Reform)
All transitions from interest rate benchmarks affected by IBOR reform to alternative benchmark rates have been completed at the reporting date.
Sensitivity analysis
Sensitivity analysis for open commodity derivatives affecting profit before tax
In EUR mn
2023
2022
Market price
+10%
Market price
\u201310%
Market price
+10%
Market price
\u201310%
Oil incl. oil products
\u20134
4
4
\u20134
Oil incl. oil products \u2013 designated in a hedge relationship1
3
\u20133
14
\u201314
Gas
\u201334
34
10
\u201310
Power
2
\u20132
13
\u201313
Other2
28
\u201328
43
\u201343
Total
\u20134
4
83
\u201383
1 Includes hedging instruments designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. For further details see section Hedge Accounting of commodity hedges in Chemicals & Materials and Fuels & Feedstock.
2 Includes derivatives for European Emission Allowances
Sensitivity analysis for open commodity derivatives affecting other comprehensive income before tax
In EUR mn
2023
2022
Market price
+10%
Market price
\u201310%
Market price
+10%
Market price
\u201310%
Oil incl. oil products
\u201334
34
\u201339
39
Gas
2
\u20132
5
\u20135
Power
31
\u201331
48
\u201348
Commodity hedges (designated
in a hedge relationship)
\u20131
1
15
\u201315
For financial instruments, sensitivity analysis is performed for changes in foreign exchange rates of currencies material to the Group. On Group level, the EUR\u2013RON sensitivity not only includes the net RON exposure versus the EUR but also the net RON exposure versus the USD, since the USD\u2013RON exposure can be split into EUR\u2013RON and EUR\u2013USD exposure. The same is true for the EUR\u2013NOK, EUR\u2013SEK and EUR\u2013NZD exposure.
Sensitivity analysis for financial instruments affecting profit before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013RON
\u201312
12
8
\u20138
EUR\u2013USD
1
\u20131
8
\u20138
EUR\u2013NZD
\u20136
6
\u20132
2
EUR\u2013NOK
7
\u20137
23
\u201323
EUR\u2013SEK
\u20134
4
\u20133
3
1 Refers only to financial instruments and is not the same as the Group\u2019s overall foreign exchange rate sensitivity in terms of operating result.
Sensitivity analysis for financial instruments affecting other comprehensive income before tax1
In EUR mn
2023
2022
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
10%
apprecia-
tion of the
EUR
10%
deprecia-
tion of the
EUR
EUR\u2013USD
28
\u201328
43
\u201343
EUR\u2013SEK
\u201312
12
\u201316
16
1 Including sensitivity of the net investment hedge
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-161": { "value": "
31 Fair value hierarchy
Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value
In EUR mn
Carrying amount
Fair value level
Valued at amortized
cost
Valued at
fair value
Total
Level 1
Level 2
Level 3
Total
2023
Trade receivables
3,356
99
3,455
\u2014
99
\u2014
99
Equity investments
\u2014
57
57
\u2014
34
23
57
Investment funds
\u2014
28
28
28
\u2014
\u2014
28
Bonds
285
\u2014
285
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
52
52
\u2014
52
\u2014
52
Other derivatives
\u2014
890
890
0
890
\u2014
890
Loans
910
\u2014
910
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,610
2
1,612
\u2014
\u2014
2
2
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
13
13
\u2014
13
\u2014
13
Total
6,160
1,141
7,301
28
1,088
25
1,141
2022
Trade receivables
4,086
136
4,222
\u2014
136
\u2014
136
Equity investments
\u2014
42
42
\u2014
\u2014
42
42
Investment funds
\u2014
26
26
26
\u2014
\u2014
26
Bonds
52
\u2014
52
\u2014
\u2014
\u2014
\u2014
Derivatives designated and
effective as hedging
instruments
\u2014
380
380
\u2014
380
\u2014
380
Other derivatives
\u2014
2,867
2,867
14
2,853
\u2014
2,867
Loans
711
\u2014
711
\u2014
\u2014
\u2014
\u2014
Other sundry financial
assets
1,850
\u2014
1,850
\u2014
\u2014
\u2014
\u2014
Net amount of assets and
liabilities associated with
assets held for sale
n.a.
882
882
\u2014
58
824
882
Total
6,699
4,334
11,032
40
3,427
866
4,334
1 Excluding assets that were reclassified to held for sale
Fair value hierarchy of financial liabilities and other liabilities at fair value1
In EUR mn
Carrying amount
Fair value level
Valued at
amortized
cost
Valued at fair
value
Total
Level 1
Level 2
Level 3
Total
2023
Trade payables
3,955
\u2014
3,955
\u2014
\u2014
\u2014
\u2014
Bonds
6,073
\u2014
6,073
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,585
\u2014
1,585
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,470
\u2014
1,470
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
67
67
\u2014
67
\u2014
67
Liabilities on other
derivatives
\u2014
469
469
37
432
\u2014
469
Other sundry financial
liabilities
1,204
\u2014
1,204
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
28
28
\u2014
28
\u2014
28
Total
14,287
564
14,851
37
528
\u2014
564
2022
Trade payables
5,259
\u2014
5,259
\u2014
\u2014
\u2014
\u2014
Bonds
7,320
\u2014
7,320
\u2014
\u2014
\u2014
\u2014
Lease liabilities
1,476
\u2014
1,476
\u2014
\u2014
\u2014
\u2014
Other interest-bearing debt
1,487
\u2014
1,487
\u2014
\u2014
\u2014
\u2014
Liabilities on derivatives
designated and effective as
hedging instruments
\u2014
44
44
\u2014
44
\u2014
44
Liabilities on other
derivatives
\u2014
1,571
1,571
0
1,571
\u2014
1,571
Other sundry financial
liabilities
1,047
\u2014
1,047
\u2014
\u2014
\u2014
\u2014
Other liabilities at fair value2
\u2014
132
132
\u2014
132
\u2014
132
Total
16,589
1,747
18,336
0
1,747
\u2014
1,747
1 Excluding liabilities that were reclassified to held for sale
2 Includes hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Germany. 2022 included additionally hedged items designated in a fair value hedge relationship related to product swaps with the national stockholding company in Slovakia.

Financial liabilities for which fair values are disclosed
In EUR mn
Carrying amount
Fair value
Fair value level
Level 1
Level 2
Level 3
2023
Bonds
6,073
5,766
5,766
\u2014
\u2014
Other interest-bearing debt
1,470
1,349
\u2014
1,349
\u2014
Financial liabilities
7,543
7,115
5,766
1,349
\u2014
2022
Bonds
7,320
6,747
6,747
\u2014
\u2014
Other interest-bearing debt
1,487
1,320
\u2014
1,320
\u2014
Financial liabilities
8,807
8,067
6,747
1,320
\u2014
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-162": { "value": "
32 Offsetting of financial assets and financial liabilities
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-163": { "value": "
34 Share-based payments
Long Term Incentive (LTI) plans
Long-Term Incentive Plans
2023 plan
2022 plan
2021 plan
2020 plan
Start of plan
01/01/2023
01/01/2022
01/01/2021
01/01/2020
End of performance period
12/31/2025
12/31/2024
12/31/2023
12/31/2022
Vesting date
03/31/2026
03/31/2025
03/31/2024
03/31/2023
Shareholding requirement
Executive Board Chairman

200% of
annual gross
base salary
200% of
annual gross
base salary
200% of
annual gross
base salary
200% of
annual gross
base salary
Executive Board Deputy Chairman


175% of
annual gross
base salary

175% of
annual gross
base salary

175% of
annual gross
base salary

175% of
annual gross
base salary
Other Executive Board members


150% of
annual gross
base salary

150% of
annual gross
base salary

150% of
annual gross
base salary

150%
of annual gross
base salary
Senior Managers



75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive
Expected shares as of December 31, 2023
357,842
287,735
501,677
\u2014
Maximum shares as of December 31, 2023
761,728
674,776
794,894
\u2014
Fair value of plan (in EUR mn) as of
December 31, 2023\u00b9
14
11
20
\u2014
Provision (in EUR mn) as of December 31,
2023\u00b9
3
5
16
\u2014
1 Excluding incidental wage costs
Equity Deferral
Personal investment held in shares1
12/31/2023
Active Executive Board members
Stern
24,434
Florey
49,930
van Koten
4,385
Former Executive Board members
Pleininger2
14,933
Skvortsova3
6,636
Seele4
12,190
Gangl5
16,680
Total \u2014 Executive Board
129,188
Other Senior Managers
255,539
Total personal investment
384,727
1 Personal investment held in shares refer to open LTI plans and Equity Deferral if shares are held in the OMV trustee deposit.
2 Johann Pleininger resigned from the Executive Board effective December 31, 2022.
3 Elena Skvortsova resigned from the Executive Board effective October 31, 2022.
4 Rainer Seele resigned from the Executive Board effective August 31, 2021.
5 Thomas Gangl took part in the LTIP 2020 as an Executive Board member. In 2021, he took part as both Executive Board member and Senior Manager. He resigned from the Executive Board effective March 31, 2021.
Total Expenses
In 2021, Borealis implemented a transitional LTI plan for 2021 and 2022 in order to bridge the cash gaps that arise from migrating to the new three-year plan. Transitional LTI plan allowances for 2021 and 2022 are based on the same KPIs as for the three-year LTI plan but measured on an annual basis and are settled in cash. Expenses related to all share-based payment transactions are summarized in the table below.
Expenses related to share-based payment transactions1
In EUR mn
2023
2022
Cash settled
6
15
Equity settled
6
7
Total expenses arising from share based payment transactions
12
22
1 Excluding incidental wage costs
35 Average number of employees
Average number of employees1
2023
2022
OMV Group excluding OMV Petrom Group and Borealis Group
6,724
6,664
OMV Petrom Group
7,711
7,837
Borealis Group
6,859
7,833
OMV Group
21,295
22,334
1 Calculated as the average of the number of employees at month-end during the year
The decrease in the number of employees for the Borealis Group was mainly impacted by the sale of the nitrogen business unit in July 2023.
Key management personnel compensation
Remuneration received by active members of the Executive Board as of December 31, 2023
In EUR mn
2023
Stern
Florey
Gaso4
van Koten
Vlad8
Total
Short-term benefits
2.16
1.83
1.24
1.31
0.86
7.39
Fixed (base salary)
0.99
0.81
0.50
0.58
0.53
3.41
Fixed (one-off payment)
\u2014
\u2014
0.635
\u2014
0.269
0.89
Variable (cash bonus)1
1.16
0.97
\u2014
0.70
\u2014
2.83
Benefits in kind2
0.01
0.053
0.116
0.037
0.0710
0.26
Post-employment benefits
0.25
0.20
0.13
0.14
0.13
0.86
Pension fund contributions
0.25
0.20
0.13
0.14
0.13
0.86
Share-based benefits
0.68
1.04
\u2014
0.31
\u2014
2.04
Variable (Equity Deferral 2022)
0.68
0.57
\u2014
0.31
\u2014
1.56
Variable (LTIP 2020)
\u2014
0.48
\u2014
\u2014
\u2014
0.48
Remuneration received by the Executive Board
3.09
3.07
1.37
1.76
0.99
10.28
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Including schooling costs and related taxes
4 Berislav Gaso joined the Executive Board on March 1, 2023.
5 Berislav Gaso received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from the MOL Group to OMV Aktiengesellschaft.
6 Including relocation, rental costs, and related taxes
7 Including car allowances
8 Daniela Vlad joined the Executive Board on February 1, 2023.
9 Daniela Vlad received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from AkzoNobel N.V. to OMV Aktiengesellschaft.
10 Including relocation, rental costs, and related taxes
Remuneration received by former members of the Executive Board as of December 31, 2023
In EUR mn
2023
Pleininger3
Skvortsova5
Seele7
Gangl8
Total
Short-term benefits
1.52
1.04
0.72
\u2014
3.28
Fixed (base salary)
0.25
0.26
\u2014
\u2014
0.51
Fixed (one-off payment)
0.274
\u2014
\u2014
\u2014
0.27
Variable (cash bonus)1
1.00
0.70
0.72
\u2014
2.42
Benefits in kind2
0.00
0.086
\u2014
\u2014
0.08
Post-employment benefits
0.12
0.07
\u2014
\u2014
0.19
Pension fund contributions
0.12
0.07
\u2014
\u2014
0.19
Share-based benefits
1.26
0.55
2.16
0.44
4.40
Variable (Equity Deferral 2022)
0.65
0.31
0.32
\u2014
1.27
Variable (LTIP 2020)
0.61
0.24
1.84
0.44
3.13
Remuneration received by
former Executive Board members
2.90
1.66
2.88
0.44
7.87
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
4 Johann Pleininger received compensation for the shortened phase-out period for the period from May 1 until August 31, 2023.
5 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
6 Including rental, advisory costs, and related taxes
7 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
8 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
Remuneration received by the Executive Board
In EUR mn
2022
active members of the Executive
Board as of December 31, 2022
former members of the
Executive Board
Stern
Pleininger2
Florey
van Koten
Skvortsova4
Seele6
Gangl7
Leitner9
Total
Short-term benefits
1.59
1.47
1.55
0.85
1.16
1.57
0.12
\u2014
8.32
Fixed (base salary)
0.99
0.75
0.81
0.58
0.58
0.55
\u2014
\u2014
4.25
Variable (cash bonus)1
0.59
0.71
0.69
0.25
0.50
1.02
0.12
\u2014
3.87
Benefits in kind
0.01
0.01
0.053
0.03
0.095
0.01
\u2014
\u2014
0.20
Post-employment benefits
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Pension fund
contributions
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Share-based benefits
0.29
1.33
1.03
0.10
0.21
3.13
0.37
0.70
7.16
Variable
(Equity Deferral 2021)
0.29
0.44
0.34
0.10
0.21
0.43
0.05
\u2014
1.85
Variable (LTIP 2019)
\u2014
0.90
0.70
\u2014
\u2014
2.70
0.328
0.70
5.31
Remuneration received by the Executive Board
2.12
3.00
2.78
1.10
1.51
4.84
0.49
0.70
16.54
1 The variable components relate to target achievement in 2021, for which bonuses were paid in 2022.
2 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
3 Including schooling costs and related taxes
4 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
5 Including rental, storage costs, and related taxes
6 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
7 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
8 Thomas Gangl received additionally a cash payment in the amount of EUR 0.08 mn based on the Senior Manager LTIP 2019.
9 Manfred Leitner resigned from the Executive Board effective June 30, 2019.
Remuneration received by top executives (excl. Executive Board)1
In EUR mn
2023
2022
Salaries and bonuses
28.5
25.1
Pension fund contributions
1.5
1.4
Other post-employment benefits including termination benefits
2.5
1.1
Share-based benefits
6.4
5.8
Other long-term benefits
0.1
1.2
Remuneration received by top executives (excl. Executive Board)2
39.0
34.6
1 In 2023, there were on average 51 top executives (2022: 47) based on the months of service in the Group.
2 2022 included remuneration of Martijn van Koten for his previous function as Executive Board member of the Borealis Group
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-164": { "value": "
34 Share-based payments
Long Term Incentive (LTI) plans
Long-Term Incentive Plans
2023 plan
2022 plan
2021 plan
2020 plan
Start of plan
01/01/2023
01/01/2022
01/01/2021
01/01/2020
End of performance period
12/31/2025
12/31/2024
12/31/2023
12/31/2022
Vesting date
03/31/2026
03/31/2025
03/31/2024
03/31/2023
Shareholding requirement
Executive Board Chairman

200% of
annual gross
base salary
200% of
annual gross
base salary
200% of
annual gross
base salary
200% of
annual gross
base salary
Executive Board Deputy Chairman


175% of
annual gross
base salary

175% of
annual gross
base salary

175% of
annual gross
base salary

175% of
annual gross
base salary
Other Executive Board members


150% of
annual gross
base salary

150% of
annual gross
base salary

150% of
annual gross
base salary

150%
of annual gross
base salary
Senior Managers



75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive

75% of the
respective
Target Long-
Term Incentive
Expected shares as of December 31, 2023
357,842
287,735
501,677
\u2014
Maximum shares as of December 31, 2023
761,728
674,776
794,894
\u2014
Fair value of plan (in EUR mn) as of
December 31, 2023\u00b9
14
11
20
\u2014
Provision (in EUR mn) as of December 31,
2023\u00b9
3
5
16
\u2014
1 Excluding incidental wage costs
Equity Deferral
Personal investment held in shares1
12/31/2023
Active Executive Board members
Stern
24,434
Florey
49,930
van Koten
4,385
Former Executive Board members
Pleininger2
14,933
Skvortsova3
6,636
Seele4
12,190
Gangl5
16,680
Total \u2014 Executive Board
129,188
Other Senior Managers
255,539
Total personal investment
384,727
1 Personal investment held in shares refer to open LTI plans and Equity Deferral if shares are held in the OMV trustee deposit.
2 Johann Pleininger resigned from the Executive Board effective December 31, 2022.
3 Elena Skvortsova resigned from the Executive Board effective October 31, 2022.
4 Rainer Seele resigned from the Executive Board effective August 31, 2021.
5 Thomas Gangl took part in the LTIP 2020 as an Executive Board member. In 2021, he took part as both Executive Board member and Senior Manager. He resigned from the Executive Board effective March 31, 2021.
Total Expenses
In 2021, Borealis implemented a transitional LTI plan for 2021 and 2022 in order to bridge the cash gaps that arise from migrating to the new three-year plan. Transitional LTI plan allowances for 2021 and 2022 are based on the same KPIs as for the three-year LTI plan but measured on an annual basis and are settled in cash. Expenses related to all share-based payment transactions are summarized in the table below.
Expenses related to share-based payment transactions1
In EUR mn
2023
2022
Cash settled
6
15
Equity settled
6
7
Total expenses arising from share based payment transactions
12
22
1 Excluding incidental wage costs
Key management personnel compensation
Remuneration received by active members of the Executive Board as of December 31, 2023
In EUR mn
2023
Stern
Florey
Gaso4
van Koten
Vlad8
Total
Short-term benefits
2.16
1.83
1.24
1.31
0.86
7.39
Fixed (base salary)
0.99
0.81
0.50
0.58
0.53
3.41
Fixed (one-off payment)
\u2014
\u2014
0.635
\u2014
0.269
0.89
Variable (cash bonus)1
1.16
0.97
\u2014
0.70
\u2014
2.83
Benefits in kind2
0.01
0.053
0.116
0.037
0.0710
0.26
Post-employment benefits
0.25
0.20
0.13
0.14
0.13
0.86
Pension fund contributions
0.25
0.20
0.13
0.14
0.13
0.86
Share-based benefits
0.68
1.04
\u2014
0.31
\u2014
2.04
Variable (Equity Deferral 2022)
0.68
0.57
\u2014
0.31
\u2014
1.56
Variable (LTIP 2020)
\u2014
0.48
\u2014
\u2014
\u2014
0.48
Remuneration received by the Executive Board
3.09
3.07
1.37
1.76
0.99
10.28
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Including schooling costs and related taxes
4 Berislav Gaso joined the Executive Board on March 1, 2023.
5 Berislav Gaso received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from the MOL Group to OMV Aktiengesellschaft.
6 Including relocation, rental costs, and related taxes
7 Including car allowances
8 Daniela Vlad joined the Executive Board on February 1, 2023.
9 Daniela Vlad received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from AkzoNobel N.V. to OMV Aktiengesellschaft.
10 Including relocation, rental costs, and related taxes
Remuneration received by former members of the Executive Board as of December 31, 2023
In EUR mn
2023
Pleininger3
Skvortsova5
Seele7
Gangl8
Total
Short-term benefits
1.52
1.04
0.72
\u2014
3.28
Fixed (base salary)
0.25
0.26
\u2014
\u2014
0.51
Fixed (one-off payment)
0.274
\u2014
\u2014
\u2014
0.27
Variable (cash bonus)1
1.00
0.70
0.72
\u2014
2.42
Benefits in kind2
0.00
0.086
\u2014
\u2014
0.08
Post-employment benefits
0.12
0.07
\u2014
\u2014
0.19
Pension fund contributions
0.12
0.07
\u2014
\u2014
0.19
Share-based benefits
1.26
0.55
2.16
0.44
4.40
Variable (Equity Deferral 2022)
0.65
0.31
0.32
\u2014
1.27
Variable (LTIP 2020)
0.61
0.24
1.84
0.44
3.13
Remuneration received by
former Executive Board members
2.90
1.66
2.88
0.44
7.87
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
4 Johann Pleininger received compensation for the shortened phase-out period for the period from May 1 until August 31, 2023.
5 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
6 Including rental, advisory costs, and related taxes
7 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
8 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
Remuneration received by the Executive Board
In EUR mn
2022
active members of the Executive
Board as of December 31, 2022
former members of the
Executive Board
Stern
Pleininger2
Florey
van Koten
Skvortsova4
Seele6
Gangl7
Leitner9
Total
Short-term benefits
1.59
1.47
1.55
0.85
1.16
1.57
0.12
\u2014
8.32
Fixed (base salary)
0.99
0.75
0.81
0.58
0.58
0.55
\u2014
\u2014
4.25
Variable (cash bonus)1
0.59
0.71
0.69
0.25
0.50
1.02
0.12
\u2014
3.87
Benefits in kind
0.01
0.01
0.053
0.03
0.095
0.01
\u2014
\u2014
0.20
Post-employment benefits
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Pension fund
contributions
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Share-based benefits
0.29
1.33
1.03
0.10
0.21
3.13
0.37
0.70
7.16
Variable
(Equity Deferral 2021)
0.29
0.44
0.34
0.10
0.21
0.43
0.05
\u2014
1.85
Variable (LTIP 2019)
\u2014
0.90
0.70
\u2014
\u2014
2.70
0.328
0.70
5.31
Remuneration received by the Executive Board
2.12
3.00
2.78
1.10
1.51
4.84
0.49
0.70
16.54
1 The variable components relate to target achievement in 2021, for which bonuses were paid in 2022.
2 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
3 Including schooling costs and related taxes
4 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
5 Including rental, storage costs, and related taxes
6 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
7 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
8 Thomas Gangl received additionally a cash payment in the amount of EUR 0.08 mn based on the Senior Manager LTIP 2019.
9 Manfred Leitner resigned from the Executive Board effective June 30, 2019.
Remuneration received by top executives (excl. Executive Board)1
In EUR mn
2023
2022
Salaries and bonuses
28.5
25.1
Pension fund contributions
1.5
1.4
Other post-employment benefits including termination benefits
2.5
1.1
Share-based benefits
6.4
5.8
Other long-term benefits
0.1
1.2
Remuneration received by top executives (excl. Executive Board)2
39.0
34.6
1 In 2023, there were on average 51 top executives (2022: 47) based on the months of service in the Group.
2 2022 included remuneration of Martijn van Koten for his previous function as Executive Board member of the Borealis Group
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-165": { "value": "
36 Expenses Group auditor
Expenses for services rendered by the Group auditor (including the international network)
In EUR mn
2023
2022
Group auditor
thereof
KPMG Austria GmbH
Wirtschafts-
pr\u00fcfungs- und
Steuerberatungs-
gesellschaft
Group auditor1
thereof
Ernst & Young
Wirtschafts-
pr\u00fcfungsgesell-
schaft m.b.H
Audit of Group accounts and year-end audit
5.40
2.38
3.47
1.58
Other assurance services
0.84
0.74
0.60
0.48
Tax advisory services
2.50
\u2014
0.19
\u2014
Other services
0.74
0.00
0.40
0.01
Total
9.48
3.12
4.65
2.07
1 Borealis Group was audited by PwC Wirtschaftspr\u00fcfung GmbH, therefore not included in the expenses 2022.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } }, "fact-166": { "value": "
37 Related parties
Transactions with equity-accounted investments \u2013 Sales and trade receivables
In EUR mn
2023
2022
Sales and
other income
Trade
receivables
Sales and
other income
Trade
receivables
Abu Dhabi Oil Refining Company
1
1
2
2
ADNOC Global Trading LTD
4
0
3
1
Bayport Polymers LLC
6
3
8
3
Borouge investments1
519
106
677
151
Borouge 4 LLC
6
2
\u2014
\u2014
Recelerate GmbH
3
0
\u2014
\u2014
EEX CEGH Gas Exchange Services GmbH
1
0
1
0
Erd\u00f6l-Lagergesellschaft m.b.H.
148
\u2014
119
59
GENOL Gesellschaft m.b.H.
138
22
141
22
Kilpilahden Voimalaitos Oy
4
0
8
0
Soci\u00e9t\u00e9 d'Int\u00e9r\u00eat Collectif Agricole Laignes Agrifluides (SICA Laignes Agrifluides)2
1
\u2014
5
\u2014
Total
833
135
963
237
1 Including Borouge PLC and Borouge Pte. Ltd in 2023 as well as Abu Dhabi Polymers Company Limited (Borouge) in 2022. For more details, see Note 18 \u2013 Equity-accounted investments.
2 Deconsolidated on July 5, 2023, as part of the Borealis nitrogen business unit sale. For further information, please refer to Note 4 \u2013 Changes in Group structure.
Transactions with equity-accounted investments \u2013 Purchases and trade payables
In EUR mn
2023
2022
Purchases
and services
received
Trade
payables
Purchases
and services
received
Trade
payables
ADNOC Global Trading LTD
\u2014
\u2014
32
\u2014
Bayport Polymers LLC
1
\u2014
\u2014
0
Borouge investments1
377
91
416
88
Recelerate GmbH
3
0
\u2014
\u2014
Chemiepark Linz Betriebsfeuerwehr GmbH2
2
\u2014
3
0
Deutsche Transalpine Oelleitung GmbH
30
3
48
7
EPS Ethylen-Pipeline-S\u00fcd GmbH & Co KG
3
\u2014
3
\u2014
Erd\u00f6l-Lagergesellschaft m.b.H.
60
28
208
27
GENOL Gesellschaft m.b.H.
11
1
10
2
Kilpilahden Voimalaitos Oy
99
0
116
\u2014
Neochim AD2
\u2014
\u2014
5
\u2014
OJSC Severneftegazprom3
\u2014
\u2014
24
\u2014
PetroPort Holding AB
4
0
4
0
Societ\u00e0 Italiana per l'Oleodotto Transalpino S.p.A.
4
0
2
0
Salzburg Fuelling GmbH
2
0
\u2014
\u2014
Total
596
125
873
124
1 Including Borouge PLC and Borouge Pte. Ltd in 2023 and Abu Dhabi Polymers Company Limited (Borouge) in 2022. For more details, see Note 18 \u2013 Equity-accounted investments.
2 Deconsolidated on July 5, 2023, as part of the Borealis nitrogen business unit sale. For further information, please refer to Note 4 \u2013 Changes in Group structure.
3 OJSC Severneftegazprom was deconsolidated on March 1, 2022, and reclassified to other investments at fair value through profit or loss (FVTPL).
Dividends distributed from equity-accounted investments
In EUR mn
2023
2022
Abu Dhabi Oil Refining Company
206
116
Abu Dhabi Petroleum Investments LLC
23
5
ADNOC Global Trading LTD
96
43
Borouge investments1
455
592
Deutsche Transalpine Oelleitung GmbH
1
1
EEX CEGH Gas Exchange Services GmbH
1
1
GENOL Gesellschaft m.b.H.
1
0
Neochim AD2
1
1
Pearl Petroleum Company Limited
\u2014
41
Societ\u00e0 Italiana per l'Oleodotto Transalpino S.p.A.
1
1
Transalpine \u00d6lleitung in \u00d6sterreich Gesellschaft m.b.H.
1
1
Dividend distributed from equity-accounted investments
787
803
1 Including Borouge PLC and Borouge Pte. Ltd in 2023 and Abu Dhabi Polymers Company Limited (Borouge) in 2022. For more details, see Note 18 \u2013 Equity-accounted investments.
2 Deconsolidated on July 5, 2023, as part of the Borealis nitrogen business unit sale. For further information, please refer to Note 4 \u2013 Changes in Group structure
Other balances with equity-accounted investments
In EUR mn
2023
2022
Kilpilahden Voimalaitos Oy
52
40
Bayport Polymers LLC
701
657
Borouge 4 LLC
155
\u2014
Loan receivables
909
697
Bayport Polymers LLC
24
29
Freya Bunde-Etzel GmbH & Co. KG
8
8
C2PAT GmbH
1
\u2014
Other financial receivables
33
37
Borouge investments1
8
8
Contract assets
8
8
Kilpilahden Voimalaitos Oy
11
11
Renasci N.V.
\u2014
10
Advance payments
11
21
C2PAT GmbH & Co KG2
\u2014
1
Bayport Polymers LLC
91
28
Borouge 4 LLC
1
\u2014
Other financial liabilities
92
29
Erd\u00f6l-Lagergesellschaft m.b.H.
79
100
Contract liabilities
79
100
Erd\u00f6l-Lagergesellschaft m.b.H.
\u2014
27
Other non-financial liabilities
\u2014
27
1 Including Borouge PLC and Borouge Pte. Ltd in 2023 and Abu Dhabi Polymers Company Limited (Borouge) in 2022. For more details, see Note 18 \u2013 Equity-accounted investments.
2 Entity was deconsolidated on December 31, 2023. For more details, see Note 40 \u2013 Direct and indirect Investments of OMV Aktiengesellschaft.
The contract liabilities towards Erd\u00f6l-Lagergesellschaft m.b.H. are related to a long-term contract for rendering of services. In Q1/23, a non-financial liability toward Erd\u00f6l-Lagergesellschaft m.b.H. in the amount of EUR\u00a027 mn was settled via returning goods.
Government-related entities
Via MPPH, OMV has an indirect relationship with the Emirate of Abu Dhabi, which, together with the companies under the control of Abu Dhabi, is also considered a related party. In 2023, there were supplies of goods and services, for instance to Compa\u00f1\u00eda Espa\u00f1ola Distribuidora de Petr\u00f3leos, S.A. (CEPSA), Abu Dhabi Company for Offshore Petroleum Operations Ltd, NOVA Chemicals Corporation (NOVA), and Abu Dhabi National Oil Company (ADNOC). Furthermore, OMV cooperates with ADNOC in several Exploration & Production arrangements and closed strategic equity partnerships with ADNOC, covering both the ADNOC Refining business and a Trading joint venture.
Key management personnel compensation
Remuneration received by active members of the Executive Board as of December 31, 2023
In EUR mn
2023
Stern
Florey
Gaso4
van Koten
Vlad8
Total
Short-term benefits
2.16
1.83
1.24
1.31
0.86
7.39
Fixed (base salary)
0.99
0.81
0.50
0.58
0.53
3.41
Fixed (one-off payment)
\u2014
\u2014
0.635
\u2014
0.269
0.89
Variable (cash bonus)1
1.16
0.97
\u2014
0.70
\u2014
2.83
Benefits in kind2
0.01
0.053
0.116
0.037
0.0710
0.26
Post-employment benefits
0.25
0.20
0.13
0.14
0.13
0.86
Pension fund contributions
0.25
0.20
0.13
0.14
0.13
0.86
Share-based benefits
0.68
1.04
\u2014
0.31
\u2014
2.04
Variable (Equity Deferral 2022)
0.68
0.57
\u2014
0.31
\u2014
1.56
Variable (LTIP 2020)
\u2014
0.48
\u2014
\u2014
\u2014
0.48
Remuneration received by the Executive Board
3.09
3.07
1.37
1.76
0.99
10.28
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Including schooling costs and related taxes
4 Berislav Gaso joined the Executive Board on March 1, 2023.
5 Berislav Gaso received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from the MOL Group to OMV Aktiengesellschaft.
6 Including relocation, rental costs, and related taxes
7 Including car allowances
8 Daniela Vlad joined the Executive Board on February 1, 2023.
9 Daniela Vlad received a compensation payment for forfeited remuneration in the 2023 financial year in settlement of the variable remuneration that was demonstrably forfeited due to the transfer from AkzoNobel N.V. to OMV Aktiengesellschaft.
10 Including relocation, rental costs, and related taxes
Remuneration received by former members of the Executive Board as of December 31, 2023
In EUR mn
2023
Pleininger3
Skvortsova5
Seele7
Gangl8
Total
Short-term benefits
1.52
1.04
0.72
\u2014
3.28
Fixed (base salary)
0.25
0.26
\u2014
\u2014
0.51
Fixed (one-off payment)
0.274
\u2014
\u2014
\u2014
0.27
Variable (cash bonus)1
1.00
0.70
0.72
\u2014
2.42
Benefits in kind2
0.00
0.086
\u2014
\u2014
0.08
Post-employment benefits
0.12
0.07
\u2014
\u2014
0.19
Pension fund contributions
0.12
0.07
\u2014
\u2014
0.19
Share-based benefits
1.26
0.55
2.16
0.44
4.40
Variable (Equity Deferral 2022)
0.65
0.31
0.32
\u2014
1.27
Variable (LTIP 2020)
0.61
0.24
1.84
0.44
3.13
Remuneration received by
former Executive Board members
2.90
1.66
2.88
0.44
7.87
1 The variable components relate to target achievement in 2022, for which bonuses were paid in 2023.
2 Including cash payments for allowances
3 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
4 Johann Pleininger received compensation for the shortened phase-out period for the period from May 1 until August 31, 2023.
5 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
6 Including rental, advisory costs, and related taxes
7 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
8 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
Remuneration received by the Executive Board
In EUR mn
2022
active members of the Executive
Board as of December 31, 2022
former members of the
Executive Board
Stern
Pleininger2
Florey
van Koten
Skvortsova4
Seele6
Gangl7
Leitner9
Total
Short-term benefits
1.59
1.47
1.55
0.85
1.16
1.57
0.12
\u2014
8.32
Fixed (base salary)
0.99
0.75
0.81
0.58
0.58
0.55
\u2014
\u2014
4.25
Variable (cash bonus)1
0.59
0.71
0.69
0.25
0.50
1.02
0.12
\u2014
3.87
Benefits in kind
0.01
0.01
0.053
0.03
0.095
0.01
\u2014
\u2014
0.20
Post-employment benefits
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Pension fund
contributions
0.25
0.19
0.20
0.14
0.14
0.14
\u2014
\u2014
1.06
Share-based benefits
0.29
1.33
1.03
0.10
0.21
3.13
0.37
0.70
7.16
Variable
(Equity Deferral 2021)
0.29
0.44
0.34
0.10
0.21
0.43
0.05
\u2014
1.85
Variable (LTIP 2019)
\u2014
0.90
0.70
\u2014
\u2014
2.70
0.328
0.70
5.31
Remuneration received by the Executive Board
2.12
3.00
2.78
1.10
1.51
4.84
0.49
0.70
16.54
1 The variable components relate to target achievement in 2021, for which bonuses were paid in 2022.
2 Johann Pleininger resigned from the Executive Board effective December 31, 2022 and his contract ended on April 30, 2023.
3 Including schooling costs and related taxes
4 Elena Skvortsova resigned from the Executive Board effective October 31, 2022 and her contract ended on June 14, 2023.
5 Including rental, storage costs, and related taxes
6 Rainer Seele resigned from the Executive Board effective August 31, 2021 and his contract ended on June 30, 2022.
7 Thomas Gangl resigned from the Executive Board effective March 31, 2021.
8 Thomas Gangl received additionally a cash payment in the amount of EUR 0.08 mn based on the Senior Manager LTIP 2019.
9 Manfred Leitner resigned from the Executive Board effective June 30, 2019.
Remuneration received by top executives (excl. Executive Board)1
In EUR mn
2023
2022
Salaries and bonuses
28.5
25.1
Pension fund contributions
1.5
1.4
Other post-employment benefits including termination benefits
2.5
1.1
Share-based benefits
6.4
5.8
Other long-term benefits
0.1
1.2
Remuneration received by top executives (excl. Executive Board)2
39.0
34.6
1 In 2023, there were on average 51 top executives (2022: 47) based on the months of service in the Group.
2 2022 included remuneration of Martijn van Koten for his previous function as Executive Board member of the Borealis Group
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39 Subsequent events
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Oil and Gas Reserve Estimation and Disclosures (unaudited)
  • Romania and Black Sea
  • Bulgaria, Kazakhstan (until May 2021) and Romania
  • Austria
  • Austria
  • Russia
  • Russia (until February 2022)
  • North Sea
  • Norway
  • Middle East and Africa
  • Iran (evaluation on hold), Kurdistan region of Iraq, Libya, Tunisia, United Arab Emirates, Yemen
  • New Zealand and Australia
  • Australia and New Zealand
  • Malaysia
  • SapuraOMV2
1 The regions Central and Eastern Europe (including Romania, the Black Sea and Austria) and Asia-Pacific (including New Zealand, Australia and Malaysia) listed in the Director\u2019s Report are split further in this disclosure to provide the information in a more detailed manner.
2 Including not only Malaysia but also SapuraOMV subsidiaries in New Zealand, Australia, and Mexico.
Acquisitions
There were no major acquisitions during 2023, 2022, and 2021.
Disposals and deconsolidation
Held for sale
Non-controlling interest
OMV has a share of 50% in SapuraOMV and it is fully consolidated; figures therefore include 100% of SapuraOMV\u2019s assets and results.
Equity-accounted investments
On March 1, 2022 OMV ceased to equity account its 24.99% interest in OJSC Severneftegazprom (Russia region) due to loss of significant influence, following the Russian war on Ukraine.
The disclosures of equity-accounted investments in the tables below represent the interest of OMV in the companies.
Further information on significant impacts
Tables
a) Capitalized costs
Capitalized costs \u2013 subsidiaries
In EUR mn
2023
2022
2021
Unproved oil and gas properties
1,197
1,811
2,137
Proved oil and gas properties
29,501
28,240
27,611
Total
30,698
30,051
29,749
Accumulated depreciation
\u201320,009
\u201319,411
\u201318,136
Net capitalized costs
10,689
10,640
11,613
Capitalized costs \u2013 equity-accounted investments
In EUR mn
2023
2022
2021
Unproved oil and gas properties
146
151
164
Proved oil and gas properties
314
292
477
Total
460
443
641
Accumulated depreciation
\u2013193
\u201376
\u201399
Net capitalized costs
267
367
542
b) Costs incurred
Costs incurred
In EUR mn
Romania
and Black
Sea
Austria
Russia
North Sea
Middle
East and
Africa
New
Zealand
and
Australia
Malaysia
Total
2023
Subsidiaries
Acquisition of
unproved
properties
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Exploration costs
35
61
\u2014
62
28
25
38
248
Development costs
338
40
\u2014
168
252
71
154
1,024
Costs incurred
373
101
\u2014
231
280
96
191
1,272
Equity-accounted
investments
\u2014
\u2014
\u2014
\u2014
33
\u2014
\u2014
33
2022
Subsidiaries
Acquisition of
unproved
properties
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Exploration costs
35
24
\u2014
59
10
26
48
202
Development costs
327
21
\u2014
159
171
188
102
969
Costs incurred
362
45
\u2014
219
181
214
150
1,171
Equity-accounted
investments
\u2014
\u2014
2
\u2014
27
\u2014
\u2014
29
2021
Subsidiaries
Acquisition of
unproved
properties
1
\u2014
\u2014
0
\u2014
\u2014
1
3
Exploration costs
41
6
\u2014
81
25
26
30
210
Development costs
265
38
\u2014
243
165
102
39
852
Costs incurred
307
44
\u2014
324
191
128
70
1,065
Equity-accounted
investments
\u2014
\u2014
62
\u2014
21
\u2014
\u2014
83
c) Results of operations of oil and gas producing activities
Results of operations of oil and gas producing activities
In EUR mn
Romania
and Black
Sea
Austria
Russia
North Sea
Middle
East and
Africa
New
Zealand
and
Australia
Malaysia
Total
2023
Subsidiaries
Sales to unaffiliated parties1
6
1
\u2014
979
635
218
268
2,107
Intercompany sales
2,452
418
\u2014
1,064
1,646
231
\u2014
5,812
2,458
419
\u2014
2,044
2,282
450
268
7,920
Production costs
\u2013575
\u201394
\u2014
\u2013197
\u2013181
\u201383
\u201318
\u20131,148
Royalties
\u2013501
\u201384
\u2014
\u2014
\u2013283
\u201346
\u201310
\u2013925
Exploration expenses2
\u201323
\u20138
\u2014
\u201360
\u201316
\u20138
\u2013107
\u2013222
Depreciation, amortization,
impairments and write-ups
\u2013475
\u201397
\u2014
\u2013333
\u2013168
\u2013214
\u201372
\u20131,358
Other costs3
\u201314
\u201317
\u2014
\u2013116
\u201350
\u201315
\u201319
\u2013231
\u20131,587
\u2013300
\u2014
\u2013707
\u2013698
\u2013367
\u2013226
\u20133,884
Results before income taxes
871
119
\u2014
1,337
1,584
83
42
4,036
Income taxes4
\u2013124
\u201342
\u2014
\u20131,063
\u20131,273
\u201323
\u201316
\u20132,542
Results from oil and gas
production
746
76
\u2014
274
311
60
26
1,493
Results of equity-accounted
investments
\u2014
\u2014
\u2014
\u2014
\u201372
\u2014
\u2014
\u201372
2022
Subsidiaries
Sales to unaffiliated parties1
5
\u201332
206
1,394
931
225
302
3,032
Intercompany sales
3,281
959
\u2014
3,530
1,927
236
\u2014
9,933
3,286
927
206
4,924
2,858
461
302
12,965
Production costs
\u2013512
\u201391
\u2014
\u2013183
\u2013183
\u201387
\u201316
\u20131,071
Royalties
\u20131,102
\u2013182
\u2014
\u2014
\u2013312
\u201346
\u201321
\u20131,663
Exploration expenses2
\u201328
\u201312
\u2014
\u2013118
2
\u201353
\u201341
\u2013250
Depreciation, amortization,
impairments and write-ups
\u2013845
\u201343
\u201312
\u2013416
\u2013424
46
\u201391
\u20131,785
Other costs3
\u201365
\u201315
\u201360
\u2013131
\u201364
\u20132
\u201322
\u2013359
\u20132,552
\u2013344
\u201372
\u2013848
\u2013980
\u2013142
\u2013191
\u20135,128
Results before income taxes
734
583
135
4,077
1,878
319
111
7,837
Income taxes4
\u2013121
\u2013229
\u201328
\u20133,274
\u20131,553
\u201383
\u201334
\u20135,322
Results from oil and gas
production
613
354
107
803
325
237
77
2,516
Results of equity-accounted
investments
\u2014
\u2014
3
\u2014
56
\u2014
\u2014
59

Results of operations of oil and gas producing activities
In EUR mn
Romania
and Black
Sea
Austria
Russia
North Sea
Middle
East and
Africa
New
Zealand
and
Australia
Malaysia
Total
2021
Subsidiaries
Sales to unaffiliated parties1
22
\u2013649
562
876
556
279
239
1,884
Intercompany sales
1,845
432
\u2014
1,345
1,018
122
\u2014
4,762
1,868
\u2013218
562
2,221
1,574
400
239
6,646
Production costs
\u2013477
\u201378
\u2014
\u2013144
\u2013146
\u201381
\u201324
\u2013950
Royalties
\u2013404
\u201366
\u2014
\u2014
\u2013135
\u201339
\u201313
\u2013658
Exploration expenses2
\u201343
\u20135
\u2014
\u2013108
\u201343
\u201318
\u201365
\u2013281
Depreciation, amortization,
impairments and write-ups
\u2013499
\u2013102
\u201370
\u2013381
\u2013246
\u2013127
\u2013101
\u20131,526
Other costs3
\u201370
\u201314
\u2013329
\u2013132
\u201325
\u20135
\u201321
\u2013597
\u20131,493
\u2013265
\u2013399
\u2013766
\u2013596
\u2013270
\u2013223
\u20134,012
Results before income taxes
375
\u2013483
163
1,455
979
130
15
2,635
Income taxes4
\u201359
121
\u201327
\u2013981
\u2013750
\u201338
\u20136
\u20131,740
Results from oil and gas
production
316
\u2013362
135
475
229
92
10
895
Results of equity-accounted
investments
\u2014
\u2014
24
\u2014
31
\u2014
\u2014
55
1 Including hedging effects; the Austria region includes hedging effects of centrally managed derivatives (2023: nil, 2022: EUR \u201333 mn, 2021: EUR \u2013675 mn).
2 Including impairment losses related to exploration & appraisal
3 Including inventory changes
4 Income taxes in the North Sea and Middle East and Africa include corporation tax and special petroleum tax. Income taxes for 2023 and 2022 in Austria included the EU solidarity contribution.
d) Oil and gas reserve quantities
Crude oil and NGL
In mn bbl
Romania
and Black
Sea
Austria
Russia
North Sea
Middle
East and
Africa
New
Zealand
and
Australia
Malaysia
Total
Proved developed and undeveloped reserves \u2013 Subsidiaries
January 1, 2021
298.8
34.0
\u2014
44.5
270.2
8.0
5.7
661.2
Revisions of previous estimates
4.2
1.0
\u2014
17.2
30.3
7.6
4.9
65.2
Purchases
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Disposals
\u201321.4
\u2014
\u2014
\u2014
\u2014
\u2014
\u20132.4
\u201323.8
Extensions and discoveries
0.3
\u2014
\u2014
\u2014
\u2014
0.8
\u2014
1.0
Production
\u201323.0
\u20133.6
\u2014
\u201315.3
\u201324.8
\u20133.5
\u20131.7
\u201371.9
December 31, 2021
258.8
31.4
\u2014
46.4
275.7
12.9
6.5
631.7
Revisions of previous estimates
\u20138.4
1.9
\u2014
15.8
32.3
1.1
0.4
43.1
Purchases
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Disposals
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Extensions and discoveries
0.1
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
0.1
Production
\u201320.9
\u20133.3
\u2014
\u201314.7
\u201327.3
\u20133.0
\u20130.6
\u201369.9
December 31, 2022
229.6
30.0
\u2014
47.6
280.6
11.0
6.2
605.0
Revisions of
previous estimates
\u20131.6
0.7
\u2014
6.9
89.9
0.6
2.1
98.6
Purchases
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Disposals
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Extensions and
discoveries
0.3
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
0.3
Production
\u201320.0
\u20133.0
\u2014
\u201313.4
\u201329.1
\u20133.6
\u20130.7
\u201369.7
December 31, 2023
208.3
27.7
\u2014
41.1
341.5
8.0
7.6
634.2
Proved developed and undeveloped reserves \u2013 Equity-accounted investments
December 31, 2021
\u2014
\u2014
\u2014
\u2014
17.5
\u2014
\u2014
17.5
December 31, 2022
\u2014
\u2014
\u2014
\u2014
16.0
\u2014
\u2014
16.0
December 31, 2023
\u2014
\u2014
\u2014
\u2014
15.1
\u2014
\u2014
15.1
Proved developed reserves \u2013 Subsidiaries
December 31, 2021
234.2
31.4
\u2014
40.7
189.2
6.0
1.6
503.2
December 31, 2022
206.6
30.0
\u2014
39.4
234.5
9.2
1.7
521.4
December 31, 2023
187.6
27.7
\u2014
32.8
252.4
8.0
1.4
509.8
Proved developed reserves \u2013 Equity-accounted investments
December 31, 2021
\u2014
\u2014
\u2014
\u2014
14.7
\u2014
\u2014
14.7
December 31, 2022
\u2014
\u2014
\u2014
\u2014
15.4
\u2014
\u2014
15.4
December 31, 2023
\u2014
\u2014
\u2014
\u2014
13.4
\u2014
\u2014
13.4
Gas
In bcf
Romania
and Black
Sea
Austria
Russia
North Sea
Middle
East and
Africa
New
Zealand
and
Australia
Malaysia
Total
Proved developed and undeveloped reserves \u2013 Subsidiaries
January 1, 2021
940.7
155.3
\u2014
383.6
82.4
195.3
376.3
2,133.6
Revisions of previous estimates
76.2
17.7
\u2014
7.8
80.7
115.3
212.0
509.6
Purchases
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Disposals
\u201322.3
\u2014
\u2014
\u2014
\u2014
\u2014
\u20139.1
\u201331.5
Extensions and discoveries
1.5
\u2014
\u2014
\u2014
\u2014
15.4
\u2014
17.0
Production
\u2013130.6
\u201320.6
\u2014
\u2013102.3
\u201317.3
\u201351.8
\u201364.5
\u2013387.0
December 31, 2021\u00b9
865.5
152.4
\u2014
289.2
145.8
274.2
514.7
2,241.7
Revisions of previous estimates
68.1
15.2
\u2014
144.4
\u20131.3
9.0
\u20137.9
227.6
Purchases
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Disposals
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Extensions and discoveries
1.6
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
1.6
Production
\u2013122.0
\u201319.7
\u2014
\u2013102.2
\u201314.7
\u201347.1
\u201360.0
\u2013365.6
December 31, 2022\u00b9
813.2
147.9
\u2014
331.4
129.8
236.1
446.8
2,105.2
Revisions of previous estimates
464.3
13.7
\u2014
37.0
195.5
\u201336.5
56.2
730.1
Purchases
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Disposals
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
Extensions and discoveries
4.9
\u2014
\u2014
\u2014
\u2014
\u2014
\u2014
4.9
Production
\u2013115.7
\u201318.0
\u2014
\u201384.5
\u201313.6
\u201353.8
\u201357.9
\u2013343.6
December 31, 2023\u00b9
1,166.8
143.6
\u2014
283.9
311.7
145.7
445.0
2,496.7
Proved developed and undeveloped reserves \u2013 Equity-accounted investments
December 31, 2021
\u2014
\u2014
1,167.1
\u2014
369.2
\u2014
\u2014
1,536.4
December 31, 2022
\u2014
\u2014
\u2014
\u2014
303.6
\u2014
\u2014
303.6
December 31, 2023
\u2014
\u2014
\u2014
\u2014
292.5
\u2014
\u2014
292.5
Proved developed reserves \u2013 Subsidiaries
December 31, 2021
779.5
84.0
\u2014
287.0
62.5
115.4
291.9
1,620.2
December 31, 2022
723.4
80.3
\u2014
290.8
39.9
195.9
228.9
1,559.1
December 31, 2023
628.0
76.0
\u2014
246.8
35.0
145.7
158.5
1,290.0
Proved developed reserves \u2013 Equity-accounted investments
December 31, 2021
\u2014
\u2014
1,090.7
\u2014
278.9
\u2014
\u2014
1,369.7
December 31, 2022
\u2014
\u2014
\u2014
\u2014
288.3
\u2014
\u2014
288.3
December 31, 2023
\u2014
\u2014
\u2014
\u2014
259.3
\u2014
\u2014
259.3
1 Including approximately 67.6 bcf of cushion gas held in storage reservoirs
e) Standardized measure of discounted future net cash flows
Standardized measure of discounted future net\u00a0cash\u00a0flows
In EUR mn
Subsidiaries and equity-accounted investments
Romania
and Black
Sea
Austria
Russia
North Sea
Middle
East and
Africa
New
Zealand
and
Australia
Malaysia
Total
2023
Subsidiaries
Future cash inflows
30,238
3,656
\u2014
6,457
28,233
1,170
2,256
72,011
Future production and decommissioning costs
\u201313,937
\u20132,276
\u2014
\u20132,397
\u20138,842
\u20131,412
\u2013622
\u201329,486
Future development costs
\u20133,184
\u2013378
\u2014
\u2013512
\u20131,901
\u201386
\u201371
\u20136,131
Future net cash flows, before income taxes
13,117
1,002
\u2014
3,549
17,491
\u2013327
1,563
36,395
Future income taxes
\u20131,857
\u2013129
\u2014
\u20133,265
\u201312,340
168
\u2013461
\u201317,884
Future net cash flows, before discount
11,260
873
\u2014
284
5,150
\u2013159
1,103
18,511
10% annual discount for estimated timing of cash\u00a0flows
\u20134,546
\u2013422
\u2014
\u201311
\u20132,582
169
\u2013297
\u20137,689
Standardized measure of discounted future net\u00a0cash\u00a0flows
6,714
451
\u2014
273
2,568
10
806
10,821
Equity-accounted investments
\u2014
\u2014
\u2014
\u2014
475
\u2014
\u2014
475
2022
Subsidiaries
Future cash inflows
29,864
7,435
\u2014
14,937
26,611
2,051
2,248
83,145
Future production and decommissioning costs
\u201315,951
\u20132,766
\u2014
\u20132,711
\u20137,771
\u20131,829
\u2013690
\u201331,718
Future development costs
\u20131,424
\u2013246
\u2014
\u2013631
\u2013890
\u2013222
\u2013213
\u20133,626
Future net cash flows, before income taxes
12,489
4,422
\u2014
11,594
17,950
0
1,345
47,800
Future income taxes
\u20131,724
\u20131,028
\u2014
\u201310,465
\u201313,283
132
\u2013380
\u201326,748
Future net cash flows, before discount
10,765
3,394
\u2014
1,129
4,667
132
965
21,053
10% annual discount for estimated timing of cash\u00a0flows
\u20134,718
\u20131,815
\u2014
\u2013184
\u20131,547
213
\u2013296
\u20138,347
Standardized measure of discounted future net\u00a0cash\u00a0flows
6,048
1,579
\u2014
945
3,120
345
669
12,705
Equity-accounted investments
\u2014
\u2014
\u2014
\u2014
451
\u2014
\u2014
451
Standardized measure of discounted future net\u00a0cash\u00a0flows
In EUR mn
Subsidiaries and equity-accounted investments
Romania
and Black
Sea
Austria
Russia
North Sea
Middle
East and
Africa
New
Zealand
and
Australia
Malaysia
Total
2021
Subsidiaries
Future cash inflows
17,585
3,336
2,625
5,608
16,545
1,905
1,433
49,038
Future production and decommissioning costs
\u20139,221
\u20131,612
\u20132,148
\u20132,293
\u20135,419
\u20131,647
\u2013490
\u201322,831
Future development costs
\u20131,422
\u2013246
\u2014
\u2013281
\u2013776
\u2013380
\u2013257
\u20133,362
Future net cash flows, before income taxes
6,942
1,479
477
3,034
10,350
\u2013122
685
22,845
Future income taxes
\u2013577
\u2013264
\u201397
\u20132,541
\u20136,893
116
\u2013175
\u201310,432
Future net cash flows, before discount
6,366
1,214
380
493
3,457
\u20136
510
12,413
10% annual discount for estimated timing of cash\u00a0flows
\u20133,089
\u2013630
\u201371
\u2013109
\u20131,100
175
\u2013216
\u20135,040
Standardized measure of discounted future net\u00a0cash\u00a0flows
3,276
584
309
384
2,357
169
294
7,373
Equity-accounted investments
\u2014
\u2014
187
\u2014
336
\u2014
\u2014
523
f) Changes in the standardized measure of discounted future net cash flows
Changes in the standardized measure of discounted future net cash flows
In EUR mn
2023
2022
2021
Subsidiaries
Beginning of year
12,705
7,373
3,987
Oil and gas sales produced during the year, net of related production costs
\u20137,049
\u20134,102
\u20132,262
Net change in prices and production costs related to future periods
\u20136,538
13,243
8,231
Net change due to purchases and sales of minerals in place
\u2014
\u2014
\u201367
Net change due to extensions and discoveries
32
7
5
Development and decommissioning costs incurred during the period
823
895
657
Changes in estimated future development and decommissioning costs
\u20131,912
\u2013344
\u2013269
Revisions of previous reserve estimates
4,239
4,507
1,854
Accretion of discount
1,146
671
341
Net change in income taxes (incl. tax effects from purchases and sales)
7,539
\u20139,593
\u20134,935
Other1
\u2013165
48
\u2013168
End of year
10,821
12,705
7,373
Equity-accounted investments
475
451
523
1 Contains movements in foreign exchange rates vs. the EUR. 2022 was impacted by the change of consolidation method of the Russian operations.
", "dimensions": { "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory", "language": "en", "entity": "scheme:549300V62YJ9HTLRI486", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00" } } } }