24 – Liabilities Index141516171819202122232425 (XLSX:) Download Liabilities 1 In EUR mn 2020 2019 Short-term Long-term Total Short-term Long-term Total Bonds 850 8,019 8,869 540 5,262 5,802 Other interest-bearing debts 703 1,280 1,983 148 620 769 Lease liabilities 141 943 1,084 120 934 1,053 Trade payables 4,304 — 4,304 4,155 — 4,155 Other financial liabilities 3,095 454 3,549 2,818 301 3,120 Other liabilities 868 135 1,003 903 157 1,060 Liabilities 9,961 10,830 20,791 8,684 7,274 15,958 1 Excluding liabilities associated with assets held for sale, which are described in Note 20 – Assets and Liabilities held for sale. (XLSX:) Download Other interest bearing debts In EUR mn 2020 2019 Short-term Long-term Total Short-term Long-term Total Other interest-bearing debts to banks 703 1,280 1,983 148 473 622 Other sundry interest-bearing debts — — — — 147 147 Other interest-bearing debts 703 1,280 1,983 148 620 769 OMV participates in several supplier finance programs under which its suppliers may elect to receive early payment of their invoice from a bank by factoring their receivable from the Group to the bank. Under the arrangement, the bank agrees to pay amounts to a supplier participating in the program in respect of invoices owed by the Group and receives settlement from OMV later. The principal purpose of those programs is to facilitate efficient payment processing and enable the consenting suppliers to sell their receivables due from OMV to a bank before their maturity. The Group has not derecognized the majority of original liabilities to which the arrangement applies because neither legal release was obtained nor the original liability was substantially modified while entering into the arrangement. Most liabilities remain within trade payables until payment. From OMV’s perspective, these arrangements do not significantly extend payment terms beyond the normal terms agreed with other suppliers that are not participating in the programs. Bonds (XLSX:) Download Bonds issued In EUR mn 2020 2019 Nominal Coupon Repayment Carrying amount December 31 Carrying amount December 31 Private Placement EUR 300,000,000 0.106% floating 1 06/11/2021 300 301 International corporate bonds EUR 500,000,000 4.375% fixed 02/10/2020 — 519 EUR 500,000,000 4.25% fixed 10/12/2021 504 503 EUR 750,000,000 2.625% fixed 09/27/2022 753 752 EUR 750,000,000 0.00% fixed 06/16/2023 746 — EUR 500,000,000 0.75% fixed 12/04/2023 498 498 EUR 500,000,000 1.50% fixed 04/09/2024 501 — EUR 500,000,000 0.00% fixed 07/03/2025 496 495 EUR 300,000,000 1.75% fixed 12/10/2025 324 — EUR 1,000,000,000 1.00% fixed 12/14/2026 993 992 EUR 750,000,000 3.50% fixed 09/27/2027 750 749 EUR 500,000,000 2.00% fixed 04/09/2028 505 — EUR 500,000,000 1.875% fixed 12/04/2028 499 499 EUR 750,000,000 0.75% fixed 06/16/2030 747 — EUR 750,000,000 2.375% fixed 04/09/2032 757 — EUR 500,000,000 1.00% fixed 07/03/2034 495 495 Bonds issued 8,869 5,802 1 Rate as of 31.12.2020 Bonds and other interest-bearing debts As at December 31, 2020, OMV Group was in compliance with all financial covenants stipulated by the loan agreements. (XLSX:) Download Bonds and other interest-bearing debts In EUR mn 2020 2019 Short-term loan financing 143 88 Short-term component of long-term financing 1,410 600 Total short-term 1,553 688 Maturities of long-term financing 2021/2020 (short-term component of long-term financing) 1,410 600 2022/2021 937 1,158 2023/2022 1,295 769 2024/2023 850 501 2025/2024 1,112 236 2026/2025 and subsequent years 5,105 3,218 Total for 2021/2020 onwards 10,709 6,482 (XLSX:) Download Breakdown of bonds and other interest-bearing debts In EUR mn 2020 2019 Weighted average interest rate Weighted average interest rate Bonds and other long-term interest-bearing debts 1 Fixed rates EUR 9,363 1.63% 5,559 2.12% USD 288 4.27% 14 2.28% Other currencies 33 9.40% — — Total 9,685 1.74% 5,573 2.12% Variable rates 2 EUR 718 0.25% 753 0.30% USD 264 1.62% 157 3.66% Other currencies 42 0.67% — — Total 1,024 0.62% 910 0.88% Other short-term interest-bearing debts EUR 125 0.17% 4 0.50% USD 17 0.68% 6 0.50% NZD — — 42 1.76% Other currencies 1 0.65% 36 0.67% Total 143 0.24% 88 1.17% 1 Including short-term components of long-term debts 2 Rates as of year-end Other financial liabilities (XLSX:) Download Other financial liabilities In EUR mn Short-term Long-term Total 2020 Derivative financial liabilities 2,169 347 2,516 Liabilities on derivatives designated and effective as hedging instruments 86 12 98 Liabilities on other derivatives 2,083 335 2,418 Other sundry financial liabilities 926 106 1,033 Other financial liabilities 3,095 454 3,549 2019 Derivative financial liabilities 2,299 179 2,478 Liabilities on derivatives designated and effective as hedging instruments 209 28 237 Liabilities on other derivatives 2,090 151 2,241 Other sundry financial liabilities 519 122 642 Other financial liabilities 2,818 301 3,120 The table hereafter summarizes the maturity profile of the Group’s financial liabilities based on contractual undiscounted cash flows: (XLSX:) Download Financial liabilities (undiscounted cash flows) In EUR mn ≤1 year 1 – 5 years >5 years Total 2020 Bonds 942 3,707 5,068 9,717 Other interest-bearing debt 723 881 437 2,041 Lease liabilities 169 430 777 1,377 Trade payables 4,304 — — 4,304 Derivative financial liabilities 2,169 347 — 2,516 Other sundry financial liabilities 926 22 113 1,062 Financial liabilities (undiscounted cash flows) 9,233 5,387 6,395 21,016 2019 Bonds 617 2,324 3,436 6,378 Other interest bearing debts 154 623 — 777 Lease liabilties 142 419 787 1,348 Trade payables 4,155 — — 4,155 Derivative financial liabilities 2,299 179 — 2,478 Other sundry financial liabilities 519 90 92 701 Financial liabilities (undiscounted cash flows) 7,886 3,635 4,316 15,836 (XLSX:) Download Other liabilities In EUR mn Short-term Long-term Total 2020 Other taxes and social security liabilities 607 — 607 Payments received in advance 34 15 49 Contract liabilities 96 117 214 Other sundry liabilities 131 3 134 Other liabilities 868 135 1,003 2019 Other taxes and social security liabilities 699 — 699 Payments received in advance 19 11 30 Contract liabilities 80 142 222 Other sundry liabilities 104 5 109 Other liabilities 903 157 1,060 (XLSX:) Download Contract liabilities In EUR mn 2020 2019 January 1 222 192 Currency translation differences (3) (1) Revenue recognized that was included in the contract liability balance at the beginning of the period (71) (78) Increases due to cash received, excluding amounts recognized as revenue during the period 69 109 Other changes (3) — December 31 214 222 The contract liabilities consisted mainly of non-refundable prepayments of storage fees received from Erdöl-Lagergesellschaft m.b.H., Lannach on the basis of long-term service contracts. 23 – Provisions25 – Deferred tax 102-45 gri-id41:102-45
