15 – Property, plant and equipment
In EUR mn |
|
|
|
|
|
|
|
Land and buildings |
Oil and gas assets |
Plant and machinery |
Other fixtures, fittings and equipment |
Assets under construction |
Total |
|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
2020 |
|||||
Development of costs |
|
|
|
|
|
|
January 1 |
3,520 |
23,974 |
8,987 |
2,120 |
415 |
39,017 |
Currency translation differences |
(33) |
(1,032) |
(21) |
(15) |
(3) |
(1,104) |
Changes in consolidated Group |
396 |
— |
3,025 |
85 |
624 |
4,129 |
Additions |
96 |
965 |
263 |
108 |
320 |
1,753 |
New obligations and change in estimates for decommissioning |
11 |
101 |
29 |
— |
— |
141 |
Transfers |
40 |
512 |
175 |
27 |
(242) |
511 |
Assets held for sale |
(430) |
(901) |
(920) |
(300) |
(33) |
(2,584) |
Disposals |
(15) |
(175) |
(55) |
(58) |
(0) |
(303) |
December 31 |
3,584 |
23,445 |
11,483 |
1,967 |
1,081 |
41,560 |
Development of depreciation |
|
|
|
|
|
|
January 1 |
1,714 |
13,433 |
5,875 |
1,504 |
11 |
22,538 |
Currency translation differences |
(17) |
(525) |
(28) |
(10) |
(0) |
(581) |
Depreciation |
142 |
1,182 |
406 |
129 |
— |
1,858 |
Impairments |
4 |
658 |
17 |
1 |
0 |
679 |
Transfers |
(0) |
8 |
(0) |
0 |
(3) |
5 |
Assets held for sale |
(163) |
(768) |
(480) |
(221) |
(1) |
(1,633) |
Disposals |
(9) |
(173) |
(51) |
(56) |
0 |
(289) |
Write-ups |
(1) |
(119) |
(98) |
(0) |
— |
(219) |
December 31 |
1,669 |
13,695 |
5,640 |
1,346 |
7 |
22,358 |
Carrying amount January 1 |
1,806 |
10,541 |
3,111 |
616 |
404 |
16,479 |
Carrying amount December 31 |
1,915 |
9,750 |
5,843 |
622 |
1,073 |
19,203 |
In EUR mn |
|
|
|
|
|
|
|
Land and buildings |
Oil and gas assets |
Plant and machinery |
Other fixtures, fittings and equipment |
Assets under construction |
Total |
|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
2019 |
|||||
Development of costs |
|
|
|
|
|
|
January 1 |
3,394 |
23,033 |
8,694 |
2,018 |
411 |
37,550 |
Currency translation differences |
(21) |
(6) |
(54) |
(7) |
(4) |
(92) |
Changes in consolidated Group |
5 |
588 |
0 |
0 |
10 |
604 |
Additions |
162 |
1,271 |
237 |
162 |
218 |
2,051 |
New obligations and change in estimates for decommissioning |
2 |
212 |
2 |
— |
— |
216 |
Transfers |
8 |
147 |
177 |
2 |
(212) |
123 |
Assets held for sale |
2 |
(1,151) |
(4) |
(1) |
(3) |
(1,157) |
Disposals |
(33) |
(119) |
(65) |
(54) |
(6) |
(278) |
December 31 |
3,520 |
23,974 |
8,987 |
2,120 |
415 |
39,017 |
Development of depreciation |
|
|
|
|
|
|
January 1 |
1,607 |
13,060 |
5,608 |
1,459 |
12 |
21,747 |
Currency translation differences |
(9) |
(5) |
(31) |
(5) |
0 |
(51) |
Depreciation |
145 |
1,442 |
366 |
122 |
— |
2,075 |
Impairments |
13 |
117 |
3 |
0 |
6 |
139 |
Transfers |
(25) |
10 |
(5) |
(21) |
(1) |
(43) |
Assets held for sale |
1 |
(1,038) |
(3) |
(1) |
— |
(1,041) |
Disposals |
(17) |
(118) |
(61) |
(51) |
(6) |
(253) |
Write-ups |
0 |
(35) |
(0) |
(0) |
— |
(35) |
December 31 |
1,714 |
13,433 |
5,875 |
1,504 |
11 |
22,538 |
Carrying amount January 1 |
1,787 |
9,972 |
3,086 |
559 |
399 |
15,803 |
Carrying amount December 31 |
1,806 |
10,541 |
3,111 |
616 |
404 |
16,479 |
The changes in the consolidated group in 2020 of EUR 4,129 mn were related to the acquisition of an additional 39% share in Borealis AG. For more details please see Note 3 – Changes in group structure.
The transfers were mainly related to the shift of the licence SK408 Jerun in Malaysia from intangible to development assets following the final investment decision.
Property, plant and equipment with a total carrying amount of EUR 950 mn (2019: EUR 116 mn) were transferred to assets held for sale, related to the sale of OMV´s share in Gas Connect Austria GmbH, the retail network in Germany as well as assets in Malaysia and Kazakhstan. For more details please 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.
In EUR mn |
|
|
|
2020 |
2019 |
|---|---|---|
Intangible assets |
395 |
491 |
Property, plant and equipment |
1,134 |
852 |
Contractual obligations |
1,529 |
1,343 |
In 2020 and in 2019 the contractual commitments were mainly related to exploration and production activities in Upstream. The increase of contractual obligations in 2020 is mainly related to additional commitments of Borealis group.
OMV as a lessee
Right-of-use assets included mainly leases of filling station sites and buildings as well as office buildings. In addition, OMV leases mainly a hydrogen plant at Petrobrazi refinery in Romania, various types of equipment, other land leases and vehicles.
The changes in the consolidated group in 2020 were related to the acquisition of an additional 39% share in Borealis AG and included mainly land leases and vessel lease.
Right-of-use assets with a total carrying amount of EUR 136 mn were transferred to assets held for sale, mainly related to planned sale of the retail network in Germany and are represented in the line other movements.
In EUR mn |
|
|
|
|
|
Land and buildings |
Plant and machinery |
Other fixtures, fittings and equipment |
Total |
|---|---|---|---|---|
|
|
|
|
|
|
2020 |
|||
January 1 |
667 |
37 |
111 |
815 |
Changes in consolidated Group |
75 |
19 |
76 |
170 |
Additions |
62 |
12 |
57 |
131 |
Depreciation |
(66) |
(14) |
(46) |
(126) |
Other movements |
(145) |
(6) |
(3) |
(155) |
December 31 |
593 |
48 |
194 |
836 |
|
|
|
|
|
|
2019 |
|||
January 1 |
670 |
33 |
66 |
768 |
Changes in consolidated Group |
5 |
— |
— |
5 |
Additions |
81 |
18 |
79 |
178 |
Depreciation |
(66) |
(10) |
(32) |
(108) |
Other movements |
(23) |
(4) |
(2) |
(28) |
December 31 |
667 |
37 |
111 |
815 |
In EUR mn |
|
|
|
2020 |
2019 |
|---|---|---|
Operating result |
|
|
Short-term lease expenses |
30 |
107 |
thereof capitalized short-term lease expenses |
16 |
73 |
Low-value lease expenses |
2 |
2 |
Expenses relating to variable lease payments |
7 |
9 |
|
|
|
Net financial result |
|
|
Interest expense from lease liabilities |
24 |
23 |
Net foreign exchange loss on lease liabilities |
3 |
2 |
The decrease in short term lease expenses was mainly related to the first time adoption of IFRS 16 in 2019, where OMV did not recognize any right-of-use assets for contracts that expired in 2019 as they were treated as short-term leases as well as reduced drilling activities in 2020 compared to 2019.
Expenses relating to variable lease payments mainly included rent for leased filling stations based on actual turnover. For information on lease liabilities please see Note 24 – Liabilities.