3 – Changes in group structure Index123 A full list of OMV investments as well as changes in consolidated group can be found in Note 38 – Direct and indirect investments of OMV Aktiengesellschaft. Major changes in consolidated Group are described below. Exploration & Production As per May 14, 2021, OMV Petrom finalized the sale of its 100% share in Kom-Munai LLP and Tasbulat Oil Corporation LLP (both based in Aktau, Kazakhstan) to Magnetic Oil Limited. Refining & Marketing On May 31, 2021, OMV closed the transaction to sell its 51% interest in Gas Connect Austria GmbH (based in Vienna) to VERBUND. The purchase price agreed for the 51% OMV stake in Gas Connect Austria GmbH amounted to EUR 271 mn, less dividend payouts for the 2020 business year totaling around EUR 33 mn (for the 51% OMV interest). In addition, VERBUND assumed the outstanding liabilities of Gas Connect Austria GmbH to OMV of around EUR 212 mn. Under the conditions of the purchase agreement, VERBUND has paid approximately EUR 451 mn to OMV. OMV has settled a cash pool liability to a subsidiary of Gas Connect Austria GmbH of around EUR 7 mn. The above listed sales transactions did not have a significant impact on the income statement. Chemicals & Materials There were no significant changes in group structure in 2021. On October 29, 2020 OMV increased its stake in Borealis Group from 36% to 75% which led to obtaining control and consequently full consolidation of Borealis Group and discontinuation of the equity method. Cash flow impact of divestments In cash flow from investing activities, the line “Proceeds from the sale of subsidiaries and businesses, net of cash disposed” was mainly attributable to a cash inflow of EUR 443 mn related to the divestment of Gas Connect Group and EUR 94 mn related to the divestment of Kom-Munai LLP and Tasbulat Oil Corporation LLP, as well as to prepayments received for the planned divestments of the retail business in Germany (EUR 75 mn) and of OMV’s business in Slovenia (EUR 35 mn). More details are shown in the following tables: (XLSX:) Download Net cash inflows from disposal of subsidiaries and businesses In EUR mn 2021 Consideration received 700 Less cash disposed of (39) Net cash inflows from disposal of subsidiaries and businesses 661 (XLSX:) Download Net assets of disposed subsidiaries and businesses In EUR mn 2021 Non-current assets 965 Current assets 117 Non-current liabilities 312 Current liabilities 81 Net assets of disposed subsidiaries and businesses 689 2 – Accounting policies, judgements and estimatesSegment Reporting
