Topics filter

Results

22 – Non-controlling interests

(XLSX:) Download

Subgroups with material NCI

In EUR mn

 

 

 

 

 

 

 

2022

2021

Subgroups

% NCI

Net income allocated to NCI

Accumulated NCI

% NCI

Net income allocated to NCI

Accumulated NCI

OMV Petrom Group

49%

1,023

3,980

49%

294

3,364

Borealis Group

25%

424

3,212

25%

307

2,876

SapuraOMV Group

50%

21

274

50%

(8)

238

Other subsidiaries

n.a.

1

13

n.a.

24

13

OMV Group

n.a.

1,470

7,478

n.a.

617

6,491

The proportion of ownership corresponds to the proportion of voting rights of the non-controlling interests () in all cases.

The main activities of the OMV Petrom Group are exploration and production of hydrocarbons (in Romania), refining of crudes (in Romania), marketing of petroleum products (in Romania, Bulgaria, Serbia and Moldova) and of natural gas as well as production and the sale of electricity (in Romania). On November 3, 2022, OMV Petrom SA completed the share capital increase, as a result the non-controlling interests in OMV Petrom Group increased by EUR 39 mn. The cash received from third party shareholders amounted to EUR 30 mn and is shown in the consolidated Statement of Cash flows in the line item “Increase in non-controlling interest”.

Borealis Group is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. The majority of Borealis’ production is located in Europe, with two overseas manufacturing facilities in the United States, one in Brazil and one in South Korea.

SapuraOMV group is an oil and gas company based in Malaysia with strong growth prospects consisting of sizeable discovered resources and a strong portfolio of exploration prospects. Apart from Malaysia, it has access to exploration blocks in New Zealand, Australia and Mexico.

The following tables summarize the financial information of the subgroups with material non-controlling interests:

(XLSX:) Download

Statement of comprehensive income of subgroups with material NCI1

In EUR mn

 

 

 

 

 

2022

2021

 

OMV Petrom Group

Borealis Group

OMV Petrom Group

Borealis Group

Sales revenue

12,440

11,686

5,285

9,862

Net income for the year

2,089

1,690

582

1,256

Total comprehensive income

2,079

1,941

596

1,882

Attributable to NCI

1,019

488

292

463

Dividends paid to NCI

436

175

172

38

1

Figures refer to subgroup level, i.e. including at-equity consolidation and after elimination of intercompany transactions and balances within the subgroup.

(XLSX:) Download

Statement of financial position as of December 31 of subgroups with material NCI1

In EUR mn

 

 

 

 

 

2022

2021

 

OMV Petrom Group

Borealis Group

OMV Petrom Group

Borealis Group

Non-current assets

6,509

11,043

6,598

10,933

Current assets

5,109

5,177

3,496

4,655

Assets held for sale

3

1,334

3

810

Non-current liabilities

1,647

2,782

1,528

2,553

Current liabilities

1,791

1,472

1,655

1,892

Liabilities associated with assets held for sale

—

471

—

434

1

Figures refer to subgroup level, i.e. including at-equity consolidation and after elimination of intercompany transactions and balances within the subgroup.

(XLSX:) Download

Statement of cash flows of subgroups with material NCI1

In EUR mn

 

 

 

 

 

2022

2021

 

OMV Petrom Group

Borealis Group

OMV Petrom Group

Borealis Group

Operating cash flow

2,299

1,572

1,422

2,916

Investing cash flow

(629)

(58)

(458)

(1,086)

Financing cash flow

(872)

(824)

(389)

(355)

Net increase /(decrease) in cash and cash equivalents

795

691

577

1,475

1

Figures refer to subgroup level, i.e. including at-equity consolidation and after elimination of intercompany transactions and balances within the subgroup.
NCI
Non-controlling interests

You might also be interested in