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Results

29 – Fair value hierarchy

Fair value hierarchy of financial assets1 and net amount of assets and liabilities held for sale at fair value

In EUR mn

 

 

 

 

 

 

 

 

Carrying amount

Fair value level

 

Valued at amortized cost

Valued at fair value

Total

Level 1

Level 2

Level 3

Total

 

 

 

 

 

 

 

 

 

2022

Trade receivables

4,086

136

4,222

136

136

Investments in other companies2

42

42

42

42

Investment funds

26

26

26

26

Bonds

52

52

Derivatives designated and effective as hedging instruments

380

380

380

380

Other derivatives

2,867

2,867

14

2,853

2,867

Loans

711

711

Other sundry financial assets3

1,850

1,850

Net amount of assets and liabilities associated with assets held for sale

n.a.

882

882

58

824

882

Total

6,699

4,334

11,032

40

3,427

866

4,334

 

 

 

 

 

 

 

 

 

2021

Trade receivables

4,260

258

4,518

258

258

Investments in other companies

17

17

17

17

Investment funds

30

30

30

30

Bonds

63

63

Derivatives designated and effective as hedging instruments

398

398

398

398

Other derivatives

4,220

4,220

40

4,180

4,220

Loans

2,015

2,015

Other sundry financial assets3

1,703

432

2,135

432

432

Net amount of assets and liabilities associated with assets held for sale

n.a.

354

354

(23)

377

354

Total

8,041

5,709

13,751

70

4,814

826

5,709

1

Excluding assets held for sale

2

Includes investments in JSC GAZPROM YRGM Development (YRGM) and OJSC Severneftegazprom (SNGP), which are accounted for at fair value through profit or loss according to IFRS 9 since March 1, 2022. For further details please refer to Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’.

3

2021 included an asset from reserves redetermination rights related to the acquisition of interests in the Yuzhno-Russkoye field. For further details please refer to Note 2 – Accounting policies, judgements and estimates, section ‘Impact of Russia’s invasion of Ukraine and related significant estimates and assumptions’.

Fair value hierarchy of financial liabilities and other liabilities at fair value1

In EUR mn

 

 

 

 

 

 

 

 

Carrying amount

Fair value level

 

Valued at amortized cost

Valued at fair value

Total

Level 1

Level 2

Level 3

Total

 

 

 

 

 

 

 

 

 

2022

Trade payables

5,259

5,259

Bonds

7,320

7,320

Lease liabilities

1,476

1,476

Other interest bearing debt

1,487

1,487

Liabilities on derivatives designated and effective as hedging instruments

44

44

44

44

Liabilities on other derivatives

1,571

1,571

0

1,571

1,571

Other sundry financial liabilities

1,047

1,047

Other liabilities at fair value2

132

132

132

132

Total

16,589

1,747

18,336

0

1,747

1,747

 

 

 

 

 

 

 

 

 

2021

Trade payables

4,860

4,860

Bonds

8,070

8,070

Lease liabilities

1,018

1,018

Other interest bearing debt

1,765

1,765

Liabilities on derivatives designated and effective as hedging instruments

102

102

17

85

102

Liabilities on other derivatives

3,977

3,977

42

3,935

3,977

Other sundry financial liabilities

876

876

Total

16,588

4,079

20,667

59

4,019

4,079

1

Excluding liabilities associated with assets held for sale

2

Includes hedged items designated in fair value hedge relationships related to product swaps with national stockholding companies in Germany and Slovakia.

Financial assets and liabilities for which fair values are disclosed1

In EUR mn

 

 

 

 

 

Fair Value

Fair value level

 

 

Level 1

Level 2

Level 3

 

 

 

 

 

 

2022

Bonds

52

52

Financial assets

52

52

Bonds

6,747

6,747

Other interest bearing debt

1,320

1,320

Financial liabilities

8,067

6,747

1,320

 

 

 

 

 

 

2021

Bonds

63

63

Financial assets

63

63

Bonds

8,586

8,586

Other interest bearing debt

1,742

1,742

Financial liabilities

10,328

8,586

1,742

1

Excluding assets and liabilities that were reclassified to held for sale