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22 – Assets and liabilities held for sale

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Assets and liabilities held for sale

In EUR mn

 

 

 

 

Sapura OMV

Yemen

 

 

Energy

OMV Group

 

 

 

 

2023

Intangible assets

272

—

272

Property, plant, and equipment

1,059

8

1,067

Other assets incl. deferred taxes

4

2

6

Non-current assets

1,335

10

1,345

Inventories

1

21

22

Trade receivables

30

0

30

Other assets

153

31

184

Cash at bank and in hand

88

3

91

Current assets

272

55

327

Total assets

1,607

65

1,671

Provisions for pensions and similar obligations

—

15

15

Provisions for decommissioning and restoration obligations

6

—

6

Other liabilities incl. provisions

0

10

10

Deferred taxes

319

—

319

Non-current liabilities

325

25

351

Trade payables

208

9

217

Provisions for decommissioning and restoration obligations

2

—

2

Other liabilities incl. provisions

36

17

52

Current liabilities

245

26

271

Total liabilities

571

51

622

(XLSX:) Download

Assets and liabilities held for sale

In EUR mn

 

 

 

 

 

 

 

 

 

 

Nitrogen business unit

Rosier

Total

OMV retail business Slovenia

Other

Total

 

 

 

 

C&M

F&F

Energy

C&O

OMV Group

 

 

 

 

2022

Intangible assets

3

0

3

0

0

0

—

—

3

Property, plant and equipment

658

4

662

121

13

134

20

3

819

Equity-accounted investments

6

—

6

—

—

—

—

—

6

Other assets incl. deferred taxes

27

1

28

—

4

4

—

—

32

Non-current assets

694

5

699

121

17

139

20

3

860

Inventories

275

33

308

46

1

48

16

—

371

Trade receivables

150

8

159

63

—

63

0

—

221

Other assets

151

2

153

6

—

6

30

—

189

Cash at bank and in hand

12

4

16

5

—

5

14

—

35

Current assets

588

47

635

120

1

121

59

—

816

Total assets

1,282

52

1,334

241

19

260

79

3

1,676

Provisions for pensions and similar obligations

49

—

49

0

—

0

14

—

63

Lease liabilities

7

1

8

27

—

27

—

—

35

Provisions for decommissioning and restoration obligations

11

—

11

0

1

1

—

—

13

Other liabilities incl. provisions and deferred taxes

37

1

38

1

—

1

20

—

59

Non-current liabilities

105

1

106

29

1

30

34

—

170

Trade payables

229

9

238

22

—

22

12

—

272

Other liabilities incl. provisions

124

3

127

43

1

44

13

—

184

Current liabilities

353

12

365

65

1

66

25

—

456

Total liabilities

458

13

471

94

2

96

59

—

626

Chemicals & Materials

On January 2, 2023, the sale of Rosier to the YILDIRIM Group’s YILFERT Holding was completed without having a material impact on the Consolidated Income Statement.

On July 5, 2023, the sale of the nitrogen business unit in the Borealis Group, including fertilizer, technical nitrogen, and melamine products to AGROFERT, a.s. was completed. For further information on the transaction see Note 4 – Changes in Group structure and on the valuation see Note 8 – Depreciation, amortization, impairments and write-ups.

Fuels & Feedstock

On May 31, 2023, OMV closed the transaction to sell 17 Avanti filling stations in Germany without having a material impact on the Consolidated Income Statement.

On June 30, 2023, OMV closed the transaction to sell its shares in OMV Slovenija trgovina z nafto in naftnimi derivati, d.o.o. to the MOL Group. The initial purchase price before customary closing adjustments amounted to EUR 311 (for the 92.25% OMV stake). For further details regarding the effects of the sale please refer to Note 4 – Changes in Group structure.

Energy

As of December 31, 2023, assets held for sale and liabilities associated with assets held for sale in the Energy segment were related to the SapuraOMV disposal group and Yemen operating entities.

On December 4, 2023, the Executive Board of OMV decided to enter into negotiations with interested bidders – within the framework of the ongoing competitive bidder process conducted by OMV – on the commercial terms and contractual documentation for the potential sale of 50% of the shares in SapuraOMV Upstream Sdn. Bhd. (“SapuraOMV”), which led to the reclassification to “held for sale”. The reclassification did not lead to an impairment loss. Further information is included in Note 39 – Subsequent events.

As of December 31, 2023, the remaining part of assets held for sale and liabilities associated with assets held for sale in the Energy segment was related to Yemen operating entities, which were reclassified to “held for sale” in 2022. In both 2023 and 2022, the measurement at fair value less cost of disposal led to an impairment.

mn
Million

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