14 – Intangible assets

Changes in consolidated group in 2020 of EUR 887 mn were mainly related to capitalized development costs, patents and licenses due to the acquisition of an additional 39% share in Borealis AG. See Note 3 – Changes in group structure – for additional details.

The transfers were mainly related to the shift of the licence SK408 Jerun in Malaysia from intangible assets to development assets following the final investment decision.

Intangible assets with a total carrying amount of EUR 75 mn (2019: EUR 26 mn) were transferred to assets held for sale, mainly related to the planned sale of OMV´s share in Gas Connect Austria GmbH and the retail network in Germany. For details see Note 20 – Assets and liabilities held for sale.

Further details on impairments and write-ups can be found in Note 7 – Depreciation, amortization, impairments and write-ups.

Goodwill arising from business combinations has been allocated to the following CGUs and groups of CGUs, for impairment testing:

In 2020, the goodwill allocated to Upstream decreased due to unfavorable currency translation differences.

In the Downstream Segment, goodwill decreased due to the planned sale of OMV´s 51% share in Gas Connect Austria GmbH. As the Downstream Gas Austria Goodwill was part of the disposal group the goodwill was consequently reclassified to assets held for sale. For details see Note 20 – Assets and liabilities held for sale. Furthermore, the goodwill allocated to Refining West and Refining Austria decreased due to unfavorable currency translation differences.

Goodwill impairment tests based on a value in use calculation have been performed and did not lead to any impairments. For the impairment test of the goodwill allocated to Middle East and Africa, an after-tax discount rate of 9.23% (2019: 8.66%) and for goodwill allocated to SapuraOMV an after-tax discount rate of 7.88% was used.

There is no reasonable change in the discount rate that would lead to an impairment of goodwill allocated to Upstream. Furthermore, a Brent oil price decrease of USD 10/bbl and gas price decrease of EUR 3/MwH per year would also not lead to an impairment of the goodwill allocated to Middle East and Africa. The change in price assumptions would lead to an post-tax impairment of approximately EUR 50 mn of the goodwill allocated to SapuraOMV.

For details on contractual obligations for the acquisition of intangible assets refer to Note 15 – Property, plant and equipment.