Accounting Policy
The fair value is the amount for which an asset or liability could be transferred at the measurement date, based on the assumption that such transfers take place between participants in principal markets and, where applicable, taking the highest and best use into account.
Fair values are determined according to the following hierarchy:
Level 1: Quoted prices in active markets for identical assets or liabilities. For OMV Group, this category will in most cases only be relevant for securities, bonds, investment funds, and futures contracts.
Level 2: Valuation technique using directly or indirectly observable inputs. To determine the fair value for financial instruments within Level 2, forward prices of crude oil or natural gas, interest rates, and foreign exchange rates are usually used as inputs to the valuation model. In addition, counterparty credit risk and volatility indicators, if applicable, are considered.
Level 3: Valuation techniques such as discounted cash flow models using significant unobservable inputs (e.g., long-term price assumptions and reserves estimates).
In EUR mn |
|
|
|
|
|
|
|
||
|
Carrying amount |
Fair value level |
|||||||
|---|---|---|---|---|---|---|---|---|---|
|
Valued at amortized cost |
Valued at fair value |
Total |
Level 1 |
Level 2 |
Level 3 |
Total |
||
|
|
|
|
|
|
|
|
||
|
2025 |
||||||||
Trade receivables |
1,900 |
– |
1,900 |
– |
– |
– |
– |
||
Equity investments |
– |
102 |
102 |
14 |
69 |
19 |
102 |
||
Bonds |
43 |
– |
43 |
– |
– |
– |
– |
||
Derivatives |
– |
331 |
331 |
7 |
323 |
– |
331 |
||
Loans |
551 |
– |
551 |
– |
– |
– |
– |
||
Other sundry financial |
1,047 |
– |
1,047 |
– |
– |
– |
– |
||
Total |
3,540 |
432 |
3,973 |
21 |
392 |
19 |
432 |
||
|
|
|
|
|
|
|
|
||
|
2024 |
||||||||
Trade receivables |
2,714 |
128 |
2,842 |
– |
128 |
– |
128 |
||
Equity investments |
– |
106 |
106 |
19 |
62 |
25 |
106 |
||
Investment funds |
– |
29 |
29 |
29 |
– |
– |
29 |
||
Bonds |
91 |
– |
91 |
– |
– |
– |
– |
||
Derivatives |
– |
307 |
307 |
5 |
302 |
– |
307 |
||
Loans |
1,286 |
– |
1,286 |
– |
– |
– |
– |
||
Other sundry financial |
1,369 |
2 |
1,370 |
– |
– |
2 |
2 |
||
Net amount of assets and liabilities associated with assets held for sale, measured at fair value less costs to sell |
n.a. |
369 |
369 |
– |
369 |
– |
369 |
||
Total |
5,460 |
941 |
6,401 |
52 |
862 |
27 |
941 |
||
|
|||||||||
In EUR mn |
|
|
|
|
|
|
|
||||
|
Carrying amount |
Fair value level |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Valued at amortized cost |
Valued at fair value |
Total |
Level 1 |
Level 2 |
Level 3 |
Total |
||||
|
|
|
|
|
|
|
|
||||
|
2025 |
||||||||||
Trade payables |
2,633 |
– |
2,633 |
– |
– |
– |
– |
||||
Bonds |
6,753 |
– |
6,753 |
– |
– |
– |
– |
||||
Lease liabilities |
1,143 |
– |
1,143 |
– |
– |
– |
– |
||||
Other interest-bearing debt |
101 |
– |
101 |
– |
– |
– |
– |
||||
Derivatives |
– |
257 |
257 |
26 |
231 |
– |
257 |
||||
Other financial liabilities |
766 |
14 |
780 |
– |
14 |
– |
14 |
||||
Other liabilities at fair value2 |
– |
18 |
18 |
– |
18 |
– |
18 |
||||
Total |
11,396 |
289 |
11,684 |
26 |
263 |
– |
289 |
||||
|
|
|
|
|
|
|
|
||||
|
2024 |
||||||||||
Trade payables |
3,723 |
– |
3,723 |
– |
– |
– |
– |
||||
Bonds |
6,570 |
– |
6,570 |
– |
– |
– |
– |
||||
Lease liabilities |
1,767 |
– |
1,767 |
– |
– |
– |
– |
||||
Other interest-bearing debt |
1,070 |
– |
1,070 |
– |
– |
– |
– |
||||
Derivatives |
– |
403 |
403 |
28 |
375 |
– |
403 |
||||
Other financial liabilities |
865 |
16 |
882 |
– |
16 |
– |
16 |
||||
Other liabilities at fair value2 |
– |
40 |
40 |
– |
40 |
– |
40 |
||||
Total |
13,996 |
459 |
14,455 |
28 |
431 |
– |
459 |
||||
|
|||||||||||
In EUR mn |
|
|
|
|
|
Carrying amount |
Fair value |
Fair value level |
|
|---|---|---|---|---|
|
|
|
Level 1 |
Level 2 |
|
|
|
|
|
|
2025 |
|||
Bonds |
6,753 |
6,596 |
6,596 |
– |
Other interest-bearing debt |
101 |
99 |
– |
99 |
Financial liabilities |
6,854 |
6,694 |
6,596 |
99 |
|
|
|
|
|
|
2024 |
|||
Bonds |
6,570 |
6,359 |
6,359 |
– |
Other interest-bearing debt |
1,070 |
989 |
– |
989 |
Financial liabilities |
7,640 |
7,349 |
6,359 |
989 |
The table above shows the carrying amount and fair value of financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information of other financial assets and liabilities measured at amortized cost, as the carrying amount represents an adequate approximation to the fair value.