22 – Non-controlling interests
In EUR mn |
|
|
|
|
|
|
|
2021 |
2020 |
||||
---|---|---|---|---|---|---|
Subgroups |
% NCI |
Net income allocated to NCI |
Accumulated NCI |
% NCI |
Net income allocated to NCI |
Accumulated NCI |
OMV Petrom Group |
49% |
294 |
3,364 |
49% |
131 |
3,302 |
Borealis Group |
25% |
307 |
2,876 |
25% |
(21) |
2,442 |
SapuraOMV Group |
50% |
(8) |
238 |
50% |
(27) |
229 |
Gas Connect Group |
— |
20 |
— |
49% |
51 |
155 |
Other subsidiaries |
n.a. |
5 |
13 |
n.a. |
3 |
32 |
OMV Group |
n.a. |
617 |
6,491 |
n.a. |
136 |
6,159 |
The proportion of ownership corresponds to the proportion of voting rights of the non-controlling interests (NCI) in all cases.
The main activities of the OMV Petrom Group are exploration and production of hydrocarbons (in Romania), refining of crudes (in Romania), marketing of petroleum products (in Romania, Bulgaria, Serbia and Moldova) and of natural gas as well as production and the sale of electricity (in Romania).
Since October 29, 2020 Borealis Group is fully-consolidated, following the acquisition of an additional 39% stake in Borealis AG. Borealis Group is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. The majority of Borealis’ production is located in Europe, with two overseas manufacturing facilities in the United States, one in Brazil and one in South Korea.
SapuraOMV group is an oil and gas company based in Malaysia with strong growth prospects consisting of sizeable discovered resources and a strong portfolio of exploration prospects. Apart from Malaysia, it has access to exploration blocks in New Zealand, Australia and Mexico.
Gas Connect Group operates a natural gas high-pressure pipeline grid in Austria, markets transportation capacity to meet domestic natural gas demand and supports export to Europe and acts as distribution or market area manager throughout the Federal territory of Austria. In 2020, the Gas Connect Group has been reclassified to assets and liabilities held for sale. On May 31, 2021, OMV closed the transaction to sell its 51% interest in Gas Connect Austria GmbH (based in Vienna) to VERBUND (see Note 3 – Changes in group structure).
The following tables summarize the financial information of the subgroups with material non-controlling interests:
In EUR mn |
|
|
|
|
||||
|
2021 |
2020 |
||||||
---|---|---|---|---|---|---|---|---|
|
OMV Petrom Group |
Borealis Group |
OMV Petrom Group |
Borealis group2 |
||||
Sales revenue |
5,285 |
9,862 |
4,075 |
1,106 |
||||
Net income for the year |
582 |
1,256 |
267 |
(79) |
||||
Total comprehensive income |
596 |
1,882 |
258 |
(320) |
||||
Attributable to NCI |
292 |
463 |
126 |
(81) |
||||
Dividends paid to NCI |
172 |
38 |
175 |
0 |
||||
|
In EUR mn |
|
|
|
|
||
|
2021 |
2020 |
||||
---|---|---|---|---|---|---|
|
OMV Petrom Group |
Borealis Group |
OMV Petrom Group |
Borealis group |
||
Non-current assets |
6,598 |
10,933 |
7,088 |
11,829 |
||
Current assets |
3,496 |
4,655 |
2,517 |
2,159 |
||
Assets held for sale |
3 |
810 |
177 |
— |
||
Non-current liabilities |
1,528 |
2,553 |
1,817 |
2,527 |
||
Current liabilities |
1,655 |
1,892 |
1,087 |
1,719 |
||
Liabilities associated with assets held for sale |
— |
434 |
85 |
— |
||
|
In EUR mn |
|
|
|
|
||||
|
2021 |
2020 |
||||||
---|---|---|---|---|---|---|---|---|
|
OMV Petrom Group |
Borealis Group |
OMV Petrom Group |
Borealis group2 |
||||
Operating cash flow |
1,422 |
2,916 |
1,148 |
280 |
||||
Investing cash flow |
(458) |
(1,086) |
(654) |
(269) |
||||
Financing cash flow |
(389) |
(355) |
(397) |
(8) |
||||
Net increase /(decrease) in cash and cash equivalents |
577 |
1,475 |
97 |
3 |
||||
|