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29 – Fair value hierarchy

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Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value

In EUR mn

 

 

 

 

 

 

 

 

Carrying amount

Fair value level

 

Valued at amortized cost

Valued at fair value

Total

Level 1

Level 2

Level 3

Total

 

 

 

 

 

 

 

 

 

2022

Trade receivables

4,086

136

4,222

—

136

—

136

Investments in other companies2

—

42

42

—

—

42

42

Investment funds

—

26

26

26

—

—

26

Bonds

52

—

52

—

—

—

—

Derivatives designated and effective as hedging instruments

—

380

380

—

380

—

380

Other derivatives

—

2,867

2,867

14

2,853

—

2,867

Loans

711

—

711

—

—

—

—

Other sundry financial assets3

1,850

—

1,850

—

—

—

—

Net amount of assets and liabilities associated with assets held for sale

n.a.

882

882

—

58

824

882

Total

6,699

4,334

11,032

40

3,427

866

4,334

 

 

 

 

 

 

 

 

 

2021

Trade receivables

4,260

258

4,518

—

258

—

258

Investments in other companies

—

17

17

—

—

17

17

Investment funds

—

30

30

30

—

—

30

Bonds

63

—

63

—

—

—

—

Derivatives designated and effective as hedging instruments

—

398

398

—

398

—

398

Other derivatives

—

4,220

4,220

40

4,180

—

4,220

Loans

2,015

—

2,015

—

—

—

—

Other sundry financial assets3

1,703

432

2,135

—

—

432

432

Net amount of assets and liabilities associated with assets held for sale

n.a.

354

354

—

(23)

377

354

Total

8,041

5,709

13,751

70

4,814

826

5,709

1

Excluding assets held for sale

2

Includes investments in JSC GAZPROM YRGM Development (YRGM) and OJSC Severneftegazprom (SNGP), which are accounted for at fair value through profit or loss according to IFRS 9 since March 1, 2022. For further details please refer to Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’.

3

2021 included an asset from reserves redetermination rights related to the acquisition of interests in the Yuzhno-Russkoye field. For further details please refer to Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’.

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Fair value hierarchy of financial liabilities and other liabilities at fair value1

In EUR mn

 

 

 

 

 

 

 

 

Carrying amount

Fair value level

 

Valued at amortized cost

Valued at fair value

Total

Level 1

Level 2

Level 3

Total

 

 

 

 

 

 

 

 

 

2022

Trade payables

5,259

—

5,259

—

—

—

—

Bonds

7,320

—

7,320

—

—

—

—

Lease liabilities

1,476

—

1,476

—

—

—

—

Other interest bearing debt

1,487

—

1,487

—

—

—

—

Liabilities on derivatives designated and effective as hedging instruments

—

44

44

—

44

—

44

Liabilities on other derivatives

—

1,571

1,571

0

1,571

—

1,571

Other sundry financial liabilities

1,047

—

1,047

—

—

—

—

Other liabilities at fair value2

—

132

132

—

132

—

132

Total

16,589

1,747

18,336

0

1,747

—

1,747

 

 

 

 

 

 

 

 

 

2021

Trade payables

4,860

—

4,860

—

—

—

—

Bonds

8,070

—

8,070

—

—

—

—

Lease liabilities

1,018

—

1,018

—

—

—

—

Other interest bearing debt

1,765

—

1,765

—

—

—

—

Liabilities on derivatives designated and effective as hedging instruments

—

102

102

17

85

—

102

Liabilities on other derivatives

—

3,977

3,977

42

3,935

—

3,977

Other sundry financial liabilities

876

—

876

—

—

—

—

Total

16,588

4,079

20,667

59

4,019

—

4,079

1

Excluding liabilities associated with assets held for sale

2

Includes hedged items designated in fair value hedge relationships related to product swaps with national stockholding companies in Germany and Slovakia.

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Financial assets and liabilities for which fair values are disclosed1

In EUR mn

 

 

 

 

 

Fair Value

Fair value level

 

 

Level 1

Level 2

Level 3

 

 

 

 

 

 

2022

Bonds

52

—

52

—

Financial assets

52

—

52

—

Bonds

6,747

6,747

—

—

Other interest bearing debt

1,320

—

1,320

—

Financial liabilities

8,067

6,747

1,320

—

 

 

 

 

 

 

2021

Bonds

63

—

63

—

Financial assets

63

—

63

—

Bonds

8,586

8,586

—

—

Other interest bearing debt

1,742

—

1,742

—

Financial liabilities

10,328

8,586

1,742

—

1

Excluding assets and liabilities that were reclassified to held for sale

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