Notes to Statement of Financial Position

The statement of financial position in 2020 was overall significantly impacted by the acquisition of 39% additional shares in Borealis AG leading to obtaining control and discontinuation of the equity method. For further details refer to Note 3 – Changes in group structure – of the Consolidated Financial Statements.

Non-current assets: Intangible assets and property, plant and equipment increased by EUR 2,004 mn compared to 2019 following the full consolidation of Borealis, partly offset by impairments and held for sale classifications. Equity-accounted investments increased by EUR 3,170 mn to EUR 8,321 mn mainly due to the inclusion of Abu Dhabi Polymers Company Limited (Borouge) following the Borealis acquisition, partly offset by the derecognition of the previously held 36% share in Borealis.

Assets held for sale and liabilities associated with assets held for sale increased significantly mainly due to the reclassification of the Gas Connect Group and the OMV retail network in Germany to held for sale. For further details please refer to Note 20 – Assets and liabilities held for sale – of the Consolidated Financial Statements.

Equity (including non-controlling interest) increased mainly due to the issuance of two new hybrid bonds on September 1, 2020 with a total size of EUR 1.25 bn. Furthermore, non-controlling interests rose following the Borealis acquisition, reflecting the 25% retained interest of Mubadala Investment Company (Abu Dhabi).

Non-current liabilities were impacted mainly by the issuance of senior bonds with a total volume of EUR 3.25 bn in 2020. For further details please refer to Note 24 – Liabilities – of the Consolidated Financial Statements.