22 – Assets and liabilities held for sale
In EUR mn |
|
|
|
|---|---|---|---|
|
Sapura OMV |
Yemen |
|
|
Energy |
OMV Group |
|
|
|
|
|
|
2023 |
||
Intangible assets |
272 |
— |
272 |
Property, plant, and equipment |
1,059 |
8 |
1,067 |
Other assets incl. deferred taxes |
4 |
2 |
6 |
Non-current assets |
1,335 |
10 |
1,345 |
Inventories |
1 |
21 |
22 |
Trade receivables |
30 |
0 |
30 |
Other assets |
153 |
31 |
184 |
Cash at bank and in hand |
88 |
3 |
91 |
Current assets |
272 |
55 |
327 |
Total assets |
1,607 |
65 |
1,671 |
Provisions for pensions and similar obligations |
— |
15 |
15 |
Provisions for decommissioning and restoration obligations |
6 |
— |
6 |
Other liabilities incl. provisions |
0 |
10 |
10 |
Deferred taxes |
319 |
— |
319 |
Non-current liabilities |
325 |
25 |
351 |
Trade payables |
208 |
9 |
217 |
Provisions for decommissioning and restoration obligations |
2 |
— |
2 |
Other liabilities incl. provisions |
36 |
17 |
52 |
Current liabilities |
245 |
26 |
271 |
Total liabilities |
571 |
51 |
622 |
In EUR mn |
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|
|
Nitrogen business unit |
Rosier |
Total |
OMV retail business Slovenia |
Other |
Total |
|
|
|
|
C&M |
F&F |
Energy |
C&O |
OMV Group |
||||
|
|
|
|||||||
|
2022 |
||||||||
Intangible assets |
3 |
0 |
3 |
0 |
0 |
0 |
— |
— |
3 |
Property, plant and equipment |
658 |
4 |
662 |
121 |
13 |
134 |
20 |
3 |
819 |
Equity-accounted investments |
6 |
— |
6 |
— |
— |
— |
— |
— |
6 |
Other assets incl. deferred taxes |
27 |
1 |
28 |
— |
4 |
4 |
— |
— |
32 |
Non-current assets |
694 |
5 |
699 |
121 |
17 |
139 |
20 |
3 |
860 |
Inventories |
275 |
33 |
308 |
46 |
1 |
48 |
16 |
— |
371 |
Trade receivables |
150 |
8 |
159 |
63 |
— |
63 |
0 |
— |
221 |
Other assets |
151 |
2 |
153 |
6 |
— |
6 |
30 |
— |
189 |
Cash at bank and in hand |
12 |
4 |
16 |
5 |
— |
5 |
14 |
— |
35 |
Current assets |
588 |
47 |
635 |
120 |
1 |
121 |
59 |
— |
816 |
Total assets |
1,282 |
52 |
1,334 |
241 |
19 |
260 |
79 |
3 |
1,676 |
Provisions for pensions and similar obligations |
49 |
— |
49 |
0 |
— |
0 |
14 |
— |
63 |
Lease liabilities |
7 |
1 |
8 |
27 |
— |
27 |
— |
— |
35 |
Provisions for decommissioning and restoration obligations |
11 |
— |
11 |
0 |
1 |
1 |
— |
— |
13 |
Other liabilities incl. provisions and deferred taxes |
37 |
1 |
38 |
1 |
— |
1 |
20 |
— |
59 |
Non-current liabilities |
105 |
1 |
106 |
29 |
1 |
30 |
34 |
— |
170 |
Trade payables |
229 |
9 |
238 |
22 |
— |
22 |
12 |
— |
272 |
Other liabilities incl. provisions |
124 |
3 |
127 |
43 |
1 |
44 |
13 |
— |
184 |
Current liabilities |
353 |
12 |
365 |
65 |
1 |
66 |
25 |
— |
456 |
Total liabilities |
458 |
13 |
471 |
94 |
2 |
96 |
59 |
— |
626 |
Chemicals & Materials
On January 2, 2023, the sale of Rosier to the YILDIRIM Group’s YILFERT Holding was completed without having a material impact on the Consolidated Income Statement.
On July 5, 2023, the sale of the nitrogen business unit in the Borealis Group, including fertilizer, technical nitrogen, and melamine products to AGROFERT, a.s. was completed. For further information on the transaction see Note 4 – Changes in Group structure and on the valuation see Note 8 – Depreciation, amortization, impairments and write-ups.
Fuels & Feedstock
On May 31, 2023, OMV closed the transaction to sell 17 Avanti filling stations in Germany without having a material impact on the Consolidated Income Statement.
On June 30, 2023, OMV closed the transaction to sell its shares in OMV Slovenija trgovina z nafto in naftnimi derivati, d.o.o. to the MOL Group. The initial purchase price before customary closing adjustments amounted to EUR 311 mn (for the 92.25% OMV stake). For further details regarding the effects of the sale please refer to Note 4 – Changes in Group structure.
Energy
As of December 31, 2023, assets held for sale and liabilities associated with assets held for sale in the Energy segment were related to the SapuraOMV disposal group and Yemen operating entities.
On December 4, 2023, the Executive Board of OMV decided to enter into negotiations with interested bidders – within the framework of the ongoing competitive bidder process conducted by OMV – on the commercial terms and contractual documentation for the potential sale of 50% of the shares in SapuraOMV Upstream Sdn. Bhd. (“SapuraOMV”), which led to the reclassification to “held for sale”. The reclassification did not lead to an impairment loss. Further information is included in Note 39 – Subsequent events.
As of December 31, 2023, the remaining part of assets held for sale and liabilities associated with assets held for sale in the Energy segment was related to Yemen operating entities, which were reclassified to “held for sale” in 2022. In both 2023 and 2022, the measurement at fair value less cost of disposal led to an impairment.