25 – Deferred taxes Index141516171819202122232425 (XLSX:) Download Deferred taxes In EUR mn Deferred tax assets total Deferred tax assets not recognized Deferred tax assets recognized Deferred tax liabilities 2021 Intangible assets 197 22 175 446 Property, plant and equipment 163 86 77 2,456 Inventories 38 — 38 67 Derivatives 667 — 667 1,086 Receivables and other assets 88 15 73 50 Deferred taxes reclassified to assets and liabilities associated with assets held for sale 39 — 39 82 Provisions for pensions and similar obligations 263 128 135 106 Provisions for decommissioning, restoration obligations and environmental costs 1,307 15 1,292 0 Other provisions 125 — 125 46 Liabilities 259 0 259 7 Tax impairments according section 12 (3)/2 of the Austrian Corporate Income Tax Act (KStG) 115 — 115 — Tax loss carryforwards 1,546 706 840 — Outside basis differences 433 — 433 10 Total 5,240 972 4,268 4,356 Netting (same tax jurisdictions) (2,965) (2,965) Deferred taxes reclassified to assets and liabilities associated with assets held for sale 39 82 Deferred taxes as per statement of financial position 1,265 1,309 2020 Intangible assets 209 20 188 606 Property, plant and equipment 137 89 48 2,322 Inventories 37 — 37 27 Derivatives 539 — 539 597 Receivables and other assets 55 17 38 53 Deferred taxes reclassified to assets and liabilities associated with assets held for sale 27 22 5 12 Provisions for pensions and similar obligations 291 151 140 111 Provisions for decommissioning, restoration obligations and environmental costs 1,318 14 1,305 — Other provisions 121 — 121 34 Liabilities 305 60 245 23 Tax impairments according section 12 (3)/2 of the Austrian Corporate Income Tax Act (KStG) 226 — 226 — Tax loss carryforwards 1,654 780 875 — Outside basis differences — — — 40 Total 4,919 1,153 3,765 3,823 Netting (same tax jurisdictions) (2,581) (2,581) Deferred taxes reclassified to assets and liabilities associated with assets held for sale 5 12 Deferred taxes as per statement of financial position 1,179 1,229 Deferred taxes were mainly related to different valuation methods, differences in impairments, write-offs, depreciation and amortization as well as different definition of costs. The overall net deferred tax asset position of tax jurisdictions which suffered a tax loss either in current or preceding year amounted to EUR 901 mn, thereof EUR 658 mn is attributable to the Austrian tax group (2020: EUR 720 mn, thereof Austrian tax group EUR 640 mn). In 2021 as well as in the previous year, a valuation allowance for deferred tax assets for the Austrian tax group was recognized. As of December 31, 2021, OMV recognized tax losses carryforward of EUR 5,886 mn before allowances (2020: EUR 6,302 mn), thereof EUR 3,202 mn (2020: EUR 3,331 mn) are considered recoverable for calculation of deferred taxes. Eligibility of losses for carryforward expires as follows: (XLSX:) Download Tax losses carryforward In EUR mn 2021 2020 Base amount (before allowances) thereof not recognized Base amount (before allowances) thereof not recognized 2021 — — 5 5 2022 0 0 0 0 2023 0 0 2 2 2024 0 0 4 4 2025 0 0 48 17 After 2026/2025 0 0 47 24 Unlimited 5,885 2,684 6,196 2,919 Tax losses carryforward 5,886 2,684 6,302 2,971 The majority of tax losses carryforward not recognized referred to the Austrian Tax Group and France. As of December 31, 2021, the aggregate amount of temporary differences associated with fully consolidated and equity-accounted investments for which deferred tax liabilities have not been recognized amounted to EUR 7,475 mn (2020: EUR 4,657 mn). Capital gains on disposals of investments may be realized on various levels of the Group depending on the structuring of potential divestments. Due to the complexity of the group and the associated tax implications simplifying assumptions for the calculation have been made that aim to diminish cascade effects. 24 – LiabilitiesSupplementary Information on the Financial Position
