14 – Intangible assets
In EUR mn |
|
|
|
|
|
|
Concessions, software, licenses, rights |
Development |
Oil and gas assets with unproved reserves |
Goodwill |
Total |
|---|---|---|---|---|---|
|
|
|
|
|
|
|
2022 |
||||
Development of costs |
|
|
|
|
|
January 1 |
2,199 |
464 |
1,876 |
562 |
5,101 |
Currency translation differences |
(236) |
— |
36 |
28 |
(172) |
Changes in consolidated Group |
(662) |
— |
(36) |
— |
(699) |
Additions |
31 |
110 |
172 |
— |
313 |
Transfers |
5 |
— |
(141) |
— |
(136) |
Assets held for sale |
(0) |
— |
27 |
— |
27 |
Disposals |
(6) |
(2) |
(122) |
(6) |
(136) |
December 31 |
1,330 |
572 |
1,811 |
585 |
4,298 |
Development of amortization |
|
|
|
|
|
January 1 |
979 |
52 |
909 |
— |
1,940 |
Currency translation differences |
(85) |
(0) |
25 |
— |
(60) |
Changes in consolidated Group |
(234) |
— |
(36) |
— |
(270) |
Amortization |
108 |
31 |
0 |
— |
140 |
Impairments |
6 |
3 |
179 |
— |
189 |
Transfers |
(0) |
— |
(24) |
— |
(24) |
Assets held for sale |
(1) |
— |
1 |
— |
(0) |
Disposals |
(5) |
(1) |
(121) |
— |
(127) |
December 31 |
769 |
86 |
934 |
— |
1,788 |
Carrying amount January 1 |
1,220 |
411 |
967 |
562 |
3,161 |
Carrying amount December 31 |
562 |
486 |
878 |
585 |
2,510 |
|
|
|
|
|
|
|
2021 |
||||
Development of costs |
|
|
|
|
|
January 1 |
2,120 |
389 |
2,195 |
531 |
5,235 |
Currency translation differences |
53 |
0 |
58 |
31 |
142 |
Additions |
61 |
61 |
134 |
— |
257 |
Transfers |
9 |
14 |
(336) |
— |
(313) |
Assets held for sale |
(23) |
— |
(74) |
— |
(96) |
Disposals |
(22) |
— |
(101) |
— |
(123) |
December 31 |
2,199 |
464 |
1,876 |
562 |
5,101 |
Development of amortization |
|
|
|
|
|
January 1 |
850 |
8 |
934 |
— |
1,792 |
Currency translation differences |
11 |
— |
33 |
— |
44 |
Amortization |
162 |
29 |
0 |
— |
191 |
Impairments |
0 |
12 |
184 |
— |
196 |
Transfers |
0 |
3 |
(147) |
— |
(143) |
Assets held for sale |
(22) |
— |
— |
— |
(22) |
Disposals |
(22) |
— |
(95) |
— |
(117) |
December 31 |
979 |
52 |
909 |
— |
1,940 |
Carrying amount January 1 |
1,271 |
381 |
1,260 |
531 |
3,443 |
Carrying amount December 31 |
1,220 |
411 |
967 |
562 |
3,161 |
Changes in consolidated group in 2022 of EUR 428 mn were related to the deconsolidation of JSC GAZPROM YRGM Development. For details see Note 3 – Changes in group structure and Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’.
Additions to intangible assets in 2022 included EUR 37 mn (2021: EUR 33 mn) additions for internally generated assets mainly related to capitalized development costs.
The transfers were mainly related to the shift of Berling project (Norway) to development assets following the final investment decision.
Intangible assets with a total carrying amount of EUR 27 mn were reclassified back from assets held for sale to intangible assets, mainly related to OMV’s share in the Maari field in New Zealand. For details see Note 20 – Assets and liabilities held for sale. In 2021 the intangible assets transferred to assets held for sale amounted to EUR 74 mn, mainly related to OMV’s 25% stake in the Norwegian oil field Wisting, which was sold in Q4/21.
Further details on impairments and write-ups can be found in Note 7 – Depreciation, amortization, impairments and write-ups.
Goodwill arising from business combinations has been allocated to the following CGUs and groups of CGUs, for impairment testing:
In EUR mn |
|
|
|
2022 |
2021 |
|---|---|---|
Middle East and Africa |
342 |
322 |
SapuraOMV |
210 |
198 |
Goodwill allocated to Exploration & Production |
552 |
520 |
Refining West |
— |
9 |
Retail Slovakia |
7 |
7 |
Refining Austria |
26 |
26 |
Goodwill allocated to Refining & Marketing |
33 |
42 |
Goodwill |
585 |
562 |
In 2022, the goodwill allocated to Exploration & Production increased due to favorable currency translation differences.
Goodwill impairment tests based on a value in use calculation have been performed and did not lead to any impairments. For the impairment test of the goodwill allocated to Middle East and Africa, an after-tax discount rate of 10.47% (2021: 9.44%) and for goodwill allocated to SapuraOMV an after-tax discount rate of 9.07% (2021: 8.00%) was used.
An after-tax discount rate of 12.67% (2021: 12.73%) related to the goodwill allocated to Middle East and Africa would lead to zero headroom. The increase of 1 percentage in the after-tax discount rate for the goodwill allocated to SapuraOMV would led to an after-tax impairment of EUR 38 mn. For details regarding changes in price assumptions including the impact on goodwill refer to Note 2 – Accounting policies, judgements and estimates.
For details on contractual obligations for the acquisition of intangible assets refer to Note 15 – Property, plant and equipment.