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15 – Property, plant and equipment

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Property, plant and equipment including right-of-use assets

In EUR mn

 

 

 

 

 

 

 

Land and buildings

Oil and gas assets with proved reserves

Plant and machinery

Other fixtures, fittings and equipment

Assets under construction

Total

 

 

 

 

 

 

 

 

2022

Development of costs

 

 

 

 

 

 

January 1

3,398

25,042

11,254

1,989

1,511

43,195

Currency translation differences

(17)

174

(169)

(3)

(4)

(20)

Additions

111

1,244

678

51

1,268

3,352

New obligations and change in estimates for decommissioning

4

(74)

(21)

0

—

(90)

Transfers

69

127

539

88

(690)

133

Assets held for sale

(18)

236

(59)

(12)

(10)

136

Disposals

(35)

(200)

(220)

(68)

(13)

(537)

December 31

3,512

26,549

12,002

2,043

2,061

46,168

Development of depreciation

 

 

 

 

 

 

January 1

1,698

15,451

6,085

1,383

8

24,626

Currency translation differences

(8)

18

(106)

(3)

0

(98)

Depreciation

138

1,390

671

144

—

2,342

Impairments

6

595

8

2

8

619

Transfers

1

22

(8)

6

2

24

Assets held for sale

(6)

241

(55)

(9)

(1)

170

Disposals

(24)

(195)

(211)

(66)

(9)

(505)

Write-ups

(0)

(317)

(7)

—

(2)

(327)

December 31

1,805

17,205

6,378

1,457

6

26,851

Carrying amount January 1

1,700

9,591

5,169

606

1,503

18,569

Carrying amount December 31

1,706

9,344

5,624

586

2,055

19,317

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Property, plant and equipment including right-of-use assets

In EUR mn

 

 

 

 

 

 

 

Land and buildings

Oil and gas assets with proved reserves

Plant and machinery

Other fixtures, fittings and equipment

Assets under construction

Total

 

 

 

 

 

 

 

 

2021

Development of costs

 

 

 

 

 

 

January 1

3,584

23,445

11,483

1,967

1,081

41,560

Currency translation differences

(2)

660

(50)

(5)

(1)

603

Additions

85

1,047

172

69

994

2,367

New obligations and change in estimates for decommissioning

2

(335)

30

—

—

(303)

Transfers

39

334

320

91

(468)

316

Assets held for sale

(282)

(1)

(493)

(51)

(91)

(919)

Disposals

(28)

(107)

(208)

(84)

(4)

(430)

December 31

3,398

25,042

11,254

1,989

1,511

43,195

Development of depreciation

 

 

 

 

 

 

January 1

1,669

13,695

5,640

1,346

7

22,358

Currency translation differences

0

364

(20)

(3)

0

342

Depreciation

145

1,255

674

143

—

2,218

Impairments

0

93

41

1

1

137

Transfers

(2)

148

(3)

4

—

147

Assets held for sale

(96)

0

(49)

(28)

(0)

(173)

Disposals

(17)

(105)

(200)

(80)

(0)

(402)

December 31

1,698

15,451

6,085

1,383

8

24,626

Carrying amount January 1

1,915

9,750

5,843

622

1,073

19,203

Carrying amount December 31

1,700

9,591

5,169

606

1,503

18,569

The transfers were mainly related to the shift of Berling project (Norway) from intangible assets to development assets following the final investment decision.

Property, plant and equipment with a total carrying amount of EUR 34 mn (2021: EUR 745 mn) were transferred to assets held for sale, mainly related to OMV’s relevant operating entities in Yemen, the Avanti retail business in Germany and the planned sale of Borealis’ share of Rosier fertilizer business. For more details see Note 20 – Assets and liabilities held for sale.

Further details on impairments and write-ups can be found in Note 7 – Depreciation, amortization, impairments and write-ups.

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Contractual obligations for acquisitions

In EUR mn

 

 

 

2022

2021

Intangible assets

326

326

Property, plant and equipment

1,410

1,149

Contractual obligations

1,736

1,474

In 2022 the contractual commitments for acquisitions of fixed assets were mainly related to activities in Exploration & Production and Chemicals & Materials. The increase of contractual obligations in 2022 was mainly related to commitments in Norway and Romania.

OMV as a lessee

The increase in right of use assets is mainly driven by new leasing contracts for storage infrastructure related to the propane dehydrogenation plant (PDH) in Kallo, Belgium.

Additionally, right-of-use assets included mainly leases of filling station sites and buildings, other land, vessels, pipelines and office buildings. In addition, OMV leases mainly a hydrogen plant at Petrobrazi refinery in Romania, technical equipment and vehicles.

Right-of-use assets with a total carrying amount of EUR 7 mn (2021: EUR 53 mn) were transferred to assets held for sale, mainly related to the planned sale of the Avanti retail business in Germany and are represented in the line other movements.

Leases not yet commenced in 2022 but committed amounted to EUR 10 mn (2021: EUR 26 mn).

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Right-of-use assets recognized under IFRS 16

In EUR mn

 

 

 

 

 

Land and buildings

Plant and machinery

Other fixtures, fittings and equipment

Total

 

 

 

 

 

 

2022

January 1

555

42

174

771

Additions

102

498

40

640

Depreciation

(63)

(35)

(64)

(162)

Other movements

(13)

(1)

(2)

(16)

December 31

581

504

149

1,233

 

 

 

 

 

 

2021

January 1

593

48

194

836

Additions

72

18

57

147

Depreciation

(67)

(17)

(62)

(146)

Other movements

(43)

(7)

(15)

(66)

December 31

555

42

174

771

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Amounts recognized in the consolidated income statement

In EUR mn

 

 

 

2022

2021

Reported in operating result

 

 

Short-term lease expenses

37

35

thereof capitalized short-term lease expenses

10

11

 

 

 

Reported in net financial result

 

 

Interest expense from lease liabilities

30

26

For information on lease liabilities see Note 24 – Liabilities.

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