21 – Other assets
In EUR mn |
|
|
|
|
||
|---|---|---|---|---|---|---|
|
2023 |
2022 |
||||
|
Short-term |
Long-term |
Short-term |
Long-term |
||
Prepaid expenses |
89 |
13 |
84 |
15 |
||
Advance payments on fixed assets |
184 |
— |
72 |
14 |
||
Other payments on account |
124 |
25 |
194 |
16 |
||
Receivables from other taxes and social security |
202 |
40 |
395 |
40 |
||
Contract assets |
— |
8 |
— |
8 |
||
Emission rights1 |
630 |
— |
657 |
— |
||
Emission rights to be received from customers1 |
42 |
— |
36 |
— |
||
Other non-financial assets |
81 |
80 |
194 |
22 |
||
Other assets |
1,351 |
165 |
1,632 |
115 |
||
|
||||||
The increase in “Advance payments on fixed assets” is mainly attributable to the Neptun Deep project in Romania.
OMV voluntarily changed its accounting policy for the presentation of purchased emissions certificates and provisions for CO2 emissions in the balance sheet. For more details refer to Note 3 – Accounting policies, judgments, and estimates.
“Other non-financial assets” in 2022 mainly consisted of receivables from Romanian authorities in relation to compensation for the sales of natural gas at capped prices to clients that were allocated to the Company as a Supplier of Last Resort and for electricity sales at capped prices. It also included receivables in relation to the subsidies for half of the 0.50 RON per liter voluntary price reduction for the sale of diesel and gasoline in Romania, which applied only in 2022.