20 – Assets and liabilities held for sale Index141516171819202122232425 (XLSX:) Download Assets and liabilities held for sale In EUR mn Gas Connect Gruppe OMV retail network Germany Other Total Upstream Downstream OMV Group Upstream Downstream OMV Group 2020 2019 Intangible assets 26 68 10 — 77 104 27 — 27 Property, plant and equipment 255 629 231 10 870 1,124 120 13 133 At-equity accounted investments — 54 — — 54 54 — — — Other assets incl. deferred taxes 13 13 4 — 17 30 — — — Non-current assets 293 763 245 10 1,018 1,312 146 13 160 Inventories 14 6 19 — 25 39 5 — 5 Trade receivables 9 17 36 — 53 62 — — — Other assets 27 9 0 — 9 36 5 — 5 Cash in hand and at bank 15 0 — — 0 15 7 — 7 Current assets 64 32 56 — 88 152 18 — 18 Total assets 358 795 301 10 1,106 1,464 164 13 177 Provision for pensions and similar obligations — 58 0 — 59 59 — — — Lease liabilities 3 4 125 — 129 131 — — — Other interest bearing debts — 147 — — 147 147 — — — Provisions for decommissioning and restoration obligations 186 5 23 — 27 214 138 — 138 Other liabilities incl. provisions and deferred taxes 7 13 — — 13 20 — — — Non-current liabilities 197 226 148 — 374 571 138 — 138 Trade payables 21 24 52 — 76 97 17 — 17 Provisions for decommissioning and restoration obligations 11 — — — — 11 — — — Other liabilities incl. provisions 15 19 22 — 42 56 1 — 1 Current liabilities 47 43 75 — 118 165 18 — 18 Total liabilities 243 269 223 — 492 736 156 — 156 Upstream During 2020 OMV decided to divest its oil assets in Malaysia, which led to the reclassification of assets and liabilities to held for sale. The reclassification did not lead to any impairment loss. In December 2020, OMV Petrom (51% subsidiary of OMV) signed a transaction for the sale of its assets in Kazakhstan to Magnetic Oil Limited, which led to the reclassification of assets and liabilities to held for sale. The divestment plan triggered a write-up. Details on impairments and write-ups can be found in Note 7 – Depreciation, amortization, impairments and write-ups. In Upstream no disposal group has been sold in 2020. As of December 31, 2020, assets held for sale and liabilities associated with assets held for sale in Upstream consisted of oil offshore assets in Malaysia, onshore assets in Kazakhstan, a 69% interest in Maari field, located in New Zealand’s offshore Taranaki Basin and 40 marginal oil and gas fields in Romania. Downstream The planned sale of OMV´s 51% stake in Gas Connect Austria GmbH has led to the reclassification of the Gas Connect Group and associated goodwill to assets and liabilities held for sale without an impact on the Income Statement at that time. As per September 23, 2020, OMV signed the transaction contract with VERBUND. Closing is subject to regulatory approval and is expected in the first half of 2021. On December 14, 2020, OMV and EG group reached an agreement for EG Group to acquire the OMV retail network (285 filling stations) in Germany. The transaction is subject to required regulatory approvals and closing is expected in 2021. The plan to divest the German filling station business has led to the reclassification of the assets and liabilities to held for sale. The reclassification did not lead to any impairment loss. In Downstream no disposal group has been sold in 2020. As of December 31, 2020, assets held for sale and liabilities associated with assets held for sale in Downstream consisted of the Gas Connect Group, the OMV retail network and other non-core assets. 19 – Other assets21 – OMV equity of the parent 102-45 gri-id41:102-45
