26 – Statement of cash flows
In EUR mn |
|
|
|
2021 |
2020 |
|---|---|---|
Cash at banks and on hand |
997 |
741 |
Short-term deposits |
4,067 |
2,128 |
Cash and cash equivalents |
5,064 |
2,869 |
Significant non-cash items
In 2021 as well as in 2020, non-cash additions to fixed assets included mainly effects related to the reassessment of decommissioning and restoration obligations.
In 2020, 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.
Cash flow from investing activities
For details about the cash flow effect from divestments of subsidiaries and businesses please refer to Note 3 – Changes in group structure.
The line “Proceeds in relation to non-current assets” contained a cash inflow of EUR 290 mn related to the sale of the stake in the Norwegian oil field Wisting.
Cash flow from financing activities
The line “Repayments of long-term borrowings” comprised the repayment of bonds totalling EUR 1.55 bn. This included the repayment of a hybrid bond in the amount of EUR 750 mn. Before repayment, the hybrid bond was reclassified from equity to financial liabilities after the Executive Board had approved on October 13, 2021 that OMV exercises the right to call the hybrid bond.
In EUR mn |
|
|
|
|
||||
|
2021 |
|||||||
|---|---|---|---|---|---|---|---|---|
|
Bonds |
Other interest-bearing debts |
Lease liabilities |
Total |
||||
January 1 |
8,869 |
2,130 |
1,217 |
12,216 |
||||
|
|
|
|
|
||||
Increase in long-term borrowings |
— |
250 |
— |
250 |
||||
Repayments of long-term borrowings |
(1,550) |
(563) |
(174) |
(2,287) |
||||
Increase/(decrease) in short-term borrowings |
— |
61 |
— |
61 |
||||
Total cash flows related to financing activities |
(1,550) |
(251) |
(174) |
(1,975) |
||||
|
|
|
|
|
||||
Currency translation differences |
— |
48 |
5 |
53 |
||||
Changes in consolidated group |
— |
(148) |
(6) |
(154) |
||||
Reclassification of hybrid bond from equity to financial liabilities |
789 |
— |
— |
789 |
||||
Difference interest expenses and interest paid |
(4) |
(15) |
1 |
(18) |
||||
Other changes |
— |
— |
1491 |
149 |
||||
Total non-cash changes |
784 |
(114) |
149 |
819 |
||||
|
|
|
|
|
||||
Coupon payment from hybrid bond before reclassification from equity2 |
(33) |
— |
— |
(33) |
||||
|
|
|
|
|
||||
December 31 |
8,070 |
1,765 |
1,191 |
11,026 |
||||
|
||||||||
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 |
1301 |
134 |
||
Total non-cash changes |
342 |
1,508 |
297 |
2,147 |
||
|
|
|
|
|
||
December 31 |
8,869 |
2,130 |
1,217 |
12,216 |
||
|
||||||
The total cash outflow related to lease liabilities amounted to EUR 199 mn (2020: EUR 157 mn).
As of December 31, 2021, the Group had available EUR 4,415 mn of undrawn committed borrowing facilities that can be used for future activities without any restrictions (December 31, 2020: EUR 4,332 mn).
Financing commitments provided to related parties are detailed in Note 35 – Related parties.