6 – Other operating income and net income from equity-accounted investments

Foreign exchange gains from operating activities were mainly impacted in 2021 and 2020 by USD foreign exchange rate development.

Gains from fair value changes of financial assets in 2020 included mainly positive discounting effects of the asset from reserves redetermination rights related to the acquisition of interests in the Yuzhno Russkoye field. For further details see Note 18 – Financial assets.

Gains from fair value changes of trading inventories refer to emissions certificates held for trading in Refining & Marketing and Chemicals & Materials (Austria and Germany). For further details on Emissions certificates see Note 23 – Provisions.

Gains from fair value changes of other derivatives were related to forward contracts of emissions certificates in Refining & Marketing and Chemicals & Materials (Austria and Germany).

Gains on the disposal of businesses, subsidiaries, tangible and intangible assets relate mostly to gains on the sale of Wisting oil field. On December 17, 2021, OMV (NORGE) AS, closed the divestment of its entire 25% stake in the Wisting licenses to Lundin Energy AB. The purchase price before customary closing adjustments was USD 320 mn, with a contingent payment of up to USD 20 mn depending on final project CAPEX. The economic effective date of the transaction was January 1, 2021. The transaction led to a gain of EUR 261 mn.

Residual other operating income contained mostly storage income related to Erdöl-Lagergesellschaft m.b.H. (EUR 43 mn) and insurance compensation related to 2020 process safety incident in Borealis cracker in Sweden (EUR 34 mn).

2020 contained gains from revaluation and recycling effects related to the previously held 36% interest in Borealis AG (EUR 1,284 mn), storage income related to Erdöl-Lagergesellschaft m.b.H. (EUR 50 mn) as well as insurance compensation related to a process safety incident in Borealis cracker in Sweden (EUR 41 mn).

Income from equity-accounted investments was mainly impacted by Abu Dhabi Polymers Company Limited (Borouge). 2020 primarily contained income from the previously held 36% interest in Borealis AG amounting to EUR 172 mn.

Expenses from equity-accounted investments were mainly impacted by Abu Dhabi Oil Refining Company. For further details see Note 16 – Equity-accounted investments.