15 – Property, plant and equipment

The transfers were mainly related to the shift of Berling project (Norway) from intangible assets to development assets following the final investment decision.

Property, plant and equipment with a total carrying amount of EUR 34 mn (2021: EUR 745 mn) were transferred to assets held for sale, mainly related to OMV’s relevant operating entities in Yemen, the Avanti retail business in Germany and the planned sale of Borealis’ share of Rosier fertilizer business. For more details see Note 20 – Assets and liabilities held for sale.

Further details on impairments and write-ups can be found in Note 7 – Depreciation, amortization, impairments and write-ups.

In 2022 the contractual commitments for acquisitions of fixed assets were mainly related to activities in Exploration & Production and Chemicals & Materials. The increase of contractual obligations in 2022 was mainly related to commitments in Norway and Romania.

OMV as a lessee

The increase in right of use assets is mainly driven by new leasing contracts for storage infrastructure related to the propane dehydrogenation plant (PDH) in Kallo, Belgium.

Additionally, right-of-use assets included mainly leases of filling station sites and buildings, other land, vessels, pipelines and office buildings. In addition, OMV leases mainly a hydrogen plant at Petrobrazi refinery in Romania, technical equipment and vehicles.

Right-of-use assets with a total carrying amount of EUR 7 mn (2021: EUR 53 mn) were transferred to assets held for sale, mainly related to the planned sale of the Avanti retail business in Germany and are represented in the line other movements.

Leases not yet commenced in 2022 but committed amounted to EUR 10 mn (2021: EUR 26 mn).

For information on lease liabilities see Note 24 – Liabilities.