26 – Statement of cash flows
In EUR mn |
|
|
|
2020 |
2019 |
|---|---|---|
Cash at banks and on hand |
741 |
710 |
Short-term deposits |
2,128 |
2,228 |
Cash and cash equivalents |
2,869 |
2,938 |
Significant non-cash items
The remeasurement of the previously held 36% at-equity share in Borealis was included in the line “Other changes” in the statement of cash flows. For further details please see Note 3 – Changes in group structure.
In 2020 as well as in 2019, non-cash additions to fixed assets included mainly effects related to the reassessment of decommissioning and restoration obligations.
Cash flow from investing activities
For details about the cash flow effect from the Nord Stream 2 pipeline project refer to Note 18 – Financial assets – and for the cash flow effect from acquisitions to Note 3 – Changes in group structure.
Cash flow from financing activities
On April 9, 2020, OMV issued senior bonds with a total volume of EUR 1.75 bn and on June 16, 2020, senior bonds with a total volume of EUR 1.5 bn. These transactions were reflected in the line “Increase in long-term borrowings”, while the line “Repayments of long-term borrowings” included the repayment of a EUR 500 mn bond.
The issuance of two hybrid bonds with a total size of EUR 1.25 bn on September 1, 2020, was reflected in the line “Increase hybrid bond”.
In EUR mn |
|
|
|
|
||
|
2020 |
|||||
|---|---|---|---|---|---|---|
|
Bonds |
Other interest-bearing debts |
Lease liabilities |
Total |
||
January 1 |
5,802 |
769 |
1,053 |
7,624 |
||
|
|
|
|
|
||
Increase in long-term borrowings |
3,225 |
114 |
— |
3,338 |
||
Repayments of long-term borrowings |
(500) |
(164) |
(133) |
(797) |
||
Increase/(decrease) in short-term borrowings |
— |
(96) |
— |
(96) |
||
Total cash flows related to financing activities |
2,725 |
(146) |
(133) |
2,446 |
||
|
|
|
|
|
||
Currency translation differences |
— |
(33) |
(7) |
(41) |
||
Changes in consolidated group |
329 |
1,538 |
174 |
2,041 |
||
Difference interest expenses and interest paid |
13 |
(2) |
0 |
12 |
||
Other changes |
— |
4 |
130 1 |
134 |
||
Total non-cash changes |
342 |
1,508 |
297 |
2,147 |
||
|
|
|
|
|
||
December 31 |
8,869 |
2,130 |
1,217 |
12,216 |
||
|
||||||
In EUR mn |
|
|
|
|
||
|
2019 |
|||||
|---|---|---|---|---|---|---|
|
Bonds |
Other interest-bearing debts |
Lease liabilities |
Total |
||
January 1 |
5,007 |
745 |
994 |
6,746 |
||
|
|
|
|
|
||
Increase in long-term borrowings |
1,287 |
89 |
— |
1,376 |
||
Repayments of long-term borrowings |
(500) |
(371) |
(109) |
(980) |
||
Increase/(decrease) in short-term borrowings |
— |
(22) |
— |
(22) |
||
Total cash flows related to financing activities |
787 |
(303) |
(109) |
374 |
||
|
|
|
|
|
||
Currency translation differences |
— |
7 |
(2) |
5 |
||
Changes in consolidated group |
— |
314 |
5 |
319 |
||
Difference interest expenses and interest paid |
8 |
5 |
2 |
15 |
||
Other changes |
— |
— |
164 1 |
164 |
||
Total non-cash changes |
8 |
326 |
169 |
503 |
||
|
|
|
|
|
||
December 31 |
5,802 |
769 |
1,053 |
7,624 |
||
|
||||||
The total cash outflow related to lease liabilities amounted to EUR 157 mn (2019: EUR 131 mn).
As of December 31, 2020, the Group had available EUR 4,332 mn of undrawn committed borrowing facilities that can be used for future activities without any restrictions (December 31, 2019: EUR 3,250 mn).
As of December 31, 2020, there were no financing commitments provided to Nord Stream 2 AG for the funding of Nord Stream 2 project (December 31, 2019: EUR 238 mn). Financing commitments provided to related parties are detailed in Note 35 – Related parties.