6 – Other operating income and net income from equity-accounted investments

Foreign exchange gains from operating activities were mainly impacted in 2022 and 2021 by USD foreign exchange rate development.

Gains from fair value changes of trading inventories in 2021 referred to emissions certificates held for trading in Refining & Marketing and Chemicals & Materials (Austria and Germany).

Gains from fair value changes of other derivatives in 2021 were related to forward contracts of emissions certificates in Refining & Marketing and Chemicals & Materials (Austria and Germany).

Gains on the disposal of businesses, subsidiaries, tangible and intangible assets related mostly to gains on the sale of the filling stations business in Germany and gains on the Borouge PLC IPO.

On May 1, 2022 OMV closed the transaction to sell its filling station business in Germany to EG Group. The agreed sales price before customary closing adjustments amounted to EUR 485 mn and the transaction led to a gain of EUR 409 mn. For further details see Note 3 – Changes in group structure.

On June 3, 2022, Borouge PLC was successfully listed on ADX, the Abu Dhabi Securities Exchange. This transaction led to a gain of EUR 341 mn including FX recycling effects. For further details see Note 16 – Equity-accounted investments.

2021 was mainly impacted by the gains on the sale of Wisting oil filed in Norway of EUR 261 mn.

Residual other operating income contained mostly compensation from the Romanian State for the sale of natural gas and electricity at capped prices as well as the subsidies supporting voluntary price reductions for the sale of diesel and gasoline. These measures were introduced via several Government Emergency Ordinances in order to mitigate the consequences of the energy crisis.

In addition, residual other operating income in 2022 included insurance income of around EUR 200 mn related to the incident at OMV Schwechat refinery in June 2022 and storage income related to Erdöl-Lagergesellschaft m.b.H. of EUR 34 mn.

2021 contained mostly storage income related to Erdöl-Lagergesellschaft m.b.H. (EUR 43 mn) and insurance compensation related to 2020 process safety incident in Borealis cracker in Sweden (EUR 34 mn).

Income from equity-accounted investments was mainly impacted by Abu Dhabi Oil Refining Company and Borouge investments. Expenses from equity-accounted investments were predominantly stemming from Bayport Polymers LLC. For further details see Note 16 – Equity-accounted investments.