Accounting Policy
For OMV Petrom S.A., the unwinding expenses for decommissioning provisions are included net of the unwinding income from receivables recoverable from the Romanian State.
In EUR mn |
|
|
|
2025 |
2024 |
|---|---|---|
Cash and cash equivalents |
199 |
217 |
Discounted receivables |
35 |
8 |
Other financial and non-financial assets |
161 |
59 |
Loans |
29 |
17 |
Interest income |
424 |
300 |
Interest income on cash and cash equivalents in 2025 was primarily related to interest income on EUR, RON, and USD bank deposits.
Interest income from other financial and non-financial assets in 2025 mainly included interest income following a positive outcome from litigation in Romania. 2024 included interest income of EUR 25 mn following concluded arbitration proceedings in relation to the German gas supply contract with Gazprom Export.
Interest income from loans included EUR 27 mn (2024: EUR 16 mn) from the loan agreement with Borouge 4 LLC. For further details see Note 35 – Related Parties.
In EUR mn |
|
|
|
2025 |
2024 |
|---|---|---|
Bonds |
131 |
107 |
Lease liabilities |
38 |
29 |
Other financial and non-financial liabilities |
11 |
14 |
Provisions for decommissioning and restoration obligations |
179 |
204 |
Provisions for jubilee payments, personnel reduction schemes, and other employee benefits |
2 |
2 |
Provisions for pensions and severance payments |
20 |
22 |
Provisions for onerous contracts |
5 |
5 |
Other |
11 |
11 |
Interest expenses, gross |
398 |
396 |
Capitalized borrowing costs |
–10 |
–7 |
Interest expenses |
388 |
390 |
For further details on bonds and lease liabilities, see Note 26 – Liabilities.
Interest expenses on provisions for decommissioning and restoration obligations in 2025 were impacted by unwinding effects in the amount of EUR 179 mn (2024: EUR 173 mn). In 2024, part of the interest expenses on provisions for decommissioning and restoration obligations was related to the negative reassessment effects of receivables recoverable from the Romanian State amounting to EUR 31 mn.
Interest expenses on provisions for pension and severance payments were netted against interest income on pension plan assets, which amounted to EUR 12 mn (2024: EUR 13 mn).
In EUR mn |
|
|
|
2025 |
2024 |
|---|---|---|
Carrying amount of sold trade receivables |
–7,395 |
–7,189 |
Proceeds on sold trade receivables |
7,342 |
7,127 |
Financing charges for factoring and securitization |
–53 |
–61 |
Net foreign exchange |
–58 |
54 |
Other |
5 |
–12 |
Other financial income and expenses |
–106 |
–20 |
In 2025, the net foreign exchange result was predominantly impacted by USD.