17 – Property, plant, and equipment

The EUR 84 mn of changes in the consolidated group resulted mainly from the change in the consolidation method of Renasci N.V. after Borealis increased its stake from 27.42% to 50.01% as of January 11, 2023, and the acquisition by Borealis of 100% of the shares in Rialti S.p.A. on October 31, 2023.

The transfers were mainly related to OMV Petrom following the final investment decision for the Neptun Deep project. Consequently, the related oil and gas assets in the amount of EUR 483 mn were reclassified from intangible assets to property, plant, and equipment.

Property, plant and equipment with a total carrying amount of EUR 1,065 mn (2022: EUR 34 mn), mainly related to the SapuraOMV disposal group, were transferred to assets held for sale. For more details see Note 22 – Assets and liabilities held for sale.

Further details on impairments and write-ups can be found in Note 8 – Depreciation, amortization, impairments and write-ups.

In 2023, the contractual commitments for acquisitions of fixed assets were mainly related to activities in the segments Energy and Chemicals & Materials. The increase in commitments in 2023 was mainly related to the Neptun Deep project in Romania.

OMV as a lessee

Right-of-use assets included mainly leases for filling station sites and buildings, other land, vessels, pipelines, and office buildings. In addition, OMV leases the storage infrastructure related to the propane dehydrogenation (PDH) plant in Kallo, Belgium, a hydrogen plant at the Petrobrazi refinery in Romania, gas storage facilities in Austria and Germany, technical equipment, and vehicles.

Leases not yet commenced in 2023 but committed amounted to EUR 94 mn, mainly in the scope of the long-term charter and gas storage contracts (2022: EUR 10 mn).

For information on lease liabilities see Note 26 – Liabilities.