OMV AG — Audit Report / Information 2020

Mar 25, 2021

Publication Date: 25.03.2021 15:00 EANS-Public Payment: OMV Aktiengesellschaft / Report on payment to government agencies according to art. 128 Stock Exchange Act

Public Payment transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Section 267c of the Austrian Commercial Code (UGB) requires that large undertakings and public interest entities that are active in the extractive industry or logging of primary forests prepare the following consolidated report on payments to governments. This section implements Chapter 10 of EU Accounting Directive (2013/34/EU). The "Basis of preparation" paragraph provides information to the reader about the contents of the report. This also includes information on the type of payment for which disclosure is required and how OMV has implemented the regulations in the preparation of the report.

Basis of preparation

Reporting entities

Under the requirements of the regulation, OMV Aktiengesellschaft is required to prepare a consolidated report covering payments made to governments for each financial year in relation to extractive activities by itself and any subsidiary undertakings included in the consolidated Group financial statements.

Activities within the scope of the report

Payments made by the OMV Group (hereafter OMV) to governments that arose from exploration, prospection, discovery, development and extraction of minerals, oils and natural gas deposits or other materials within extractive activities are presented in this report.

Government

A "government" is defined as any national, regional or local authority of a country and includes a department agency or entity undertaking that is controlled by the government authority and includes national oil companies.

In cases where a state-owned entity engages in activities outside of its designated home jurisdiction, then it is not deemed to be a reportable governmental body for these purposes and thus payments made to such an entity in these circumstances are not reportable.

Project definition

The regulation also requires payments to be reported on a "project" basis as well as on a government and governmental body basis. A project is defined as the operational activities that are governed by a single contract, license, lease, concession or similar legal agreement and form the basis for payment liabilities to the government. Where these agreements as per the aforementioned definition are substantially interconnected, these agreements are treated for the purpose of these regulations as a single project.

"Substantially interconnected" is defined as a set of operationally and

geographically integrated contracts, licenses, leases or concessions or related agreements with substantially similar terms that are signed with a government, giving rise to payment liabilities. Such agreements can be governed by a single contract, joint venture agreement, production sharing agreement or other overarching legal agreement.

There may be instances - for example, corporate income taxes, where it is not possible to attribute the payment to a single project and therefore these payments are shown at the country level.

Cash and payments in kind

In accordance with the regulation, payments have to be reported on a cash basis. This means that they are reported in the period in which they are paid and not in the period in which they are accounted for on an accruals basis.

Refunds are also reported in the period in which they are received and will either be offset against payments made in the period or be shown as negative amounts in the report.

Payments in kind made to a government are converted to an equivalent cash value based on the most appropriate and relevant valuation method for each payment type. This can be at cost or market value and an explanation is provided in the report to help explain the valuation method. Where applicable, the related volumes are also included in the report.

Payment reporting methodology

The regulations require that payments are to be reported where they are made to governments by OMV. It is required that the report reflect the substance of each transaction and activity. Based on these requirements, OMV has considered its reporting obligation as:

• * Where OMV makes a payment directly to the government, these payments will be reported in full, irrespective of whether this is made in the sole capacity of OMV or in OMV's capacity as the operator of a joint operation.
• * In cases where OMV is a member of a joint operation for which the operator is a state-owned entity (i.e. a government), payments made to that state-owned entity will be disclosed where it is possible to identify the reportable payment from other cost recovery items.
• * For host government production entitlements, the terms of the agreement have to be considered; for the purpose of reporting in this report, OMV will disclose host government entitlements in their entirety where it is the operator.

Materiality

Payments made as a single payment or a series of related payments that are below EUR 100,000 within a financial year are excluded from this report.

Reporting currency

Payments made in currencies other than euros are translated for the purposes of this report at the average rate of the reporting period.

Payment types disclosed

Production entitlements

Under production sharing agreements (PSAs), the host government is entitled to a share of the oil and gas produced and these entitlements are often paid in kind. The report will show both the value and volume of the government's production entitlement for the relevant period in barrels of oil equivalent (boe).

The government share of any production entitlement will also include any entitlements arising from an interest held by a state-owned entity as an investor in projects within its sovereign jurisdiction. Production entitlements arising from activities or interests outside of a state-owned entity's sovereign jurisdiction are excluded.

Taxes

Taxes levied on income, production or profits of companies are reported. Refunds will be netted against payments and shown accordingly. Consumption taxes, personal income taxes, sales taxes, property taxes and environmental taxes are not reported under the regulations. Although there is a tax group in place, the reported corporate income taxes for Austria relate entirely to the extractive activities in Austria of OMV's subsidiaries, with no amounts being reported relating to OMV's non- extractive activities in Austria.

Royalties

Royalties relating to the extraction of oil, gas and minerals paid to a government are to be disclosed. Where royalties are paid in kind, the value and volume are reported.

Dividends

In accordance with the regulations, dividends are reported when paid to a government in lieu of production entitlements or royalties. Dividends that are paid to a government as an ordinary shareholder are not reported, as long as the dividends are paid on the same terms as that of other shareholders.

For the year that ended December 31, 2020, OMV had no such reportable dividend payments to a government.

Bonuses

Bonuses include signature, discovery and production bonuses in each case to the extent paid in relation to the relevant activities.

Fees

These include license fees, rental fees, entry fees and all other payments that are paid in consideration for access to the area where extractive activities are performed.

The report excludes fees paid to a government that are not specifically related to extractive activities or access to extractive resources. In addition payments paid in return for services provided by a government are also excluded.

Infrastructure improvements

The report includes payments made by OMV for infrastructural improvements, such as the building of a road or bridge that serves the community, irrespective of

whether OMV pays the amounts to non-government entities. These are reported in the period during which the infrastructure is made available for use by the local community.

Payments overview

The overview table below shows the relevant payments to governments that were made by OMV in the year that ended December 31, 2020.Of the seven payment types that are required by the Austrian regulations to be reported upon, OMV did not pay any dividends, bonuses or infrastructure improvements that met the defined accounting directive definition and therefore these categories are not shown.

			___________
			Payments_overview____________
			in_EUR_1,000___________
	Production	Taxes	Royalties	Fees	Total
			__ Entitlements _ _ _ _
			Country_ ___ ___ __ _ _
			Austria_ -______ ___(3,227)___ ___42,539____ ______-______ __39,312
			Kazakhstan_ _-_ 11,138_ - 835_____ __11,973
			Malaysia _147,548 24,479 47,569 12,341 _231,937__
			Norway_ - 62,563_ - _3,076_ _65,639
			New_Zealand _-_ 18,279_ 60,551_ _7,528_ _86,358
			Romania_ -______ ___141,327___ ___120,777___ ___26,552____ _288,657
			Tunisia_ -__ __3,487_ 2,544_ __-_ _6,031_
United Arab	-	22,195	72,525	836	95,556
			Emirates ___ ___ __ _ _
			Yemen__ _35,945 - _3,421_ 263_____ __39,628
			Total__ 183,493 280,241 349,926 51,431_ 865,091

No payments have been reported for Libya for the year 2020 as OMV was not the operator.

On November 30, 2017, OMV acquired a stake of 24.99% in OJSC Severneftegazprom (SNGP). As SNGP is an associated company and therefore accounted for using the equity method in OMV Group Consolidated Financial Statements it does not meet the definition of a reporting entity in the context of the Austrian Commercial Code.

On January 31, 2019, OMV and Sapura Energy Berhad closed the agreement to form a strategic partnership. The new entity, SapuraOMV Upstream Sdn. Bhd., and its subsidiaries are fully consolidated in OMV's Group financial statements.

Payments by country

			_______________
			Austria______________
			in_EUR_1,000_________
	Production	Taxes	Royalties	Fees	Total
			___ Entitlements __ _ __ __
			Governments__ __ __ _ __ __
Federal
Ministry of
Agriculture,	-	-	42,539	-	42,539
Regions and
			Tourism__ _ _ _ __ __

Federal
Ministry of	(3, 227)		(3, 227)
Finance_
Total	(3, 227)	$-42,539$	$_$ 39,312 $_$
Projects_
Lower_Austria	(3, 227)	$-42,539$	39,312
Total	(3, 227)	42,539	39,312

Kazakhstan
in_EUR_1,000_
	Production	Taxes	Royalties Fees		Total
	Entitlements
Governments
State Revenue		11,138		226	11,364
Committee_
Training
centers				76(1)	76
universities_
Licenced
Research and				533(2)	533
Development
Organisations
Total		$11,138$ $_$		835	11,973
Projects_
Tasbulat,
Turkmenoi,		4,100		570	4,670
Aktas
Komsomolskoe_		7,038		265	7,303
Total		11,138		835	11,973

(1) Financing of various expenses with regard to university training centers as agreed within the concession agreement

(2) Various expenses with regards to research and development works

Malaysia_
in_EUR_1,000
	Production	Taxes	Royalties	Fees	Total
	Entitlements
Governments
Petroliam
Nasional	59,870(1)		47,569(3)	10,164	117,603
Berhad
Ketua
Pengarah		24,479		185	24,663
Hasil Dalem
Negeri
Petronas
Carigali SDN	87,679(2)			1,992	89,671
BHD
Total	147,548	24,479	47,569	12,341	$_$ 231,937 $_$
Projects

Block PM323/ 66,232(4)		6,630	12,390(6)	4,786	90,037
PM329_ __ __ _ ___ __
Block	-	3,915	-	3,381	7,295
AAKBNLP/PM318 __ __ _ ___ _
Block SK408/ 81,317(5)		13,935	35,179(7)	4,174	134,605
SK310_ __ __ _ ___ __
Total__ 147,548___ ___24,479____ __47,569___ ___12,341____ _231,937

(1) Includes payments in kind for 2,137,244 bbl of crude oil valued using the average monthly price per boe (2) Includes payments in kind for 4,761,603 bbl of crude oil valued using the average monthly price per boe (3) Includes payments in kind for 2,748,949 bbl of crude oil valued using the average monthly price per boe (4) Includes payments in kind for 1,667,523 bbl of crude oil valued using the average monthly price per boe (5) Includes payments in kind for 5,231,324 bbl of crude oil valued using the average monthly price per boe (6) Includes payments in kind for 313,634 bbl of crude oil valued using the average monthly price per boe (7) Includes payments in kind for 2,435,315 bbl of crude oil valued using the average monthly price per boe

___________
Norway___________
in_EUR_1,000___________
	Production	Taxes	Royalties Fees		Total
__ Entitlements __ _ __ _____
Governments__ _ __ _ __ _____
Oljedirektoratet_ _-_ -_ -_ 3,031_ _3,031____
Skatteetaten_ - 62,563 _-_ _34 62,598____
Miljodirektoratet _-_ -_ -_ __10_ 10___
Total__ - 62,563 _- 3,076 65,639_
__ _ _ ___ __ _____
Projects_ __ _ _ __ _____
Gulfaks_ -__ 95_ _-_ _-_ __95______
Gudrun__ -__ 95_ _-_ _-_ __95______
Aasta_Hansteen -__ 11_ _-_ _-_ __11______
Norway
Exploration	-	-	-	3,069	3,069
Projects_ __ _ _ __ _____
Payments not
attributable to	-	62,362	-	6	62,368
projects_ __ _ _ __ _____
Total__ - 62,563 _- 3,076 65,639_

			___________
			New_Zealand____________
			in_EUR_1,000___________
	Production	Taxes	Royalties	Fees	Total
			___ Entitlements _ ___ _ ____
			Governments__ __ _ ___ _ ____
Inland	-	18,279	-	-	18,279
			Revenue__ _ __ __ ___ _______
Maritime
Safety	-	-	-	46	46
			Authority_ _ _ ___ _ ____

Ministry of
Business and		60,551	7,166	67,718
Innovation
Environmental
Protection			316	316
Authority_
Total	$_$ 18,279 $_$	$_60$ , $551$ $_$	7,528	86,358
Projects_
Maari_		13,303	39	$\left\lfloor \frac{13,342}{2}\right\rfloor$
Maui_		2,780	298	3,078
Pohokura_		44,468	15	44,483
New Zealand
exploration			347	347
projects_
Payments not
attributable	18,279		6,829	25,107
to_projects_
Total	18,279	60,551	7,528	86,358

Romania
in_EUR_1,000_
	Production	Taxes	Royalties	Fees	Total
	Entitlements
Governments_
State_budget	$\mathcal{L}{\text{max}}$ and $\mathcal{L}{\text{max}}$ .		$\lfloor 141, 327 \rfloor$ $\lfloor 120, 777 \rfloor$		262, 105
Local				4,532	4,532
counsils___
National
Agency for
Mineral				2,409	2,409
Resources
(ANRM)
National
Company of				15,345	15,345
Forests____
CONPET_SA_				98	98
National
Authority
for				3,596	3,596
Electricity
Regulation
(ANRE)
Offshore
Operations
Regulatory				573	573
Authority
(ACROPO)
$Total$ _____		141, 327	$\lfloor 120, 777 \rfloor$	$-26,552$	288,657
Projects___
Onshore
production			91,846	22,242	114,088
zones
Onshore
Joint			1,051		1,051
Operations_

Offshore	$\overline{\phantom{a}}$	12,617	27,880	714	41,211
Black_Sea
Payments not
attributable	$\overline{\phantom{a}}$	128,710		3,596	132,306
to_projects_
Total	$\overline{\phantom{0}}$	141,327	120,777	26,552	288,657

Tunisia
in_EUR_1,000
	Production	Taxes	Royalties	Fees	Total
	Entitlements
Governments
Receveur des		3,365			3,365
Finances
Receveur des		122			122
Douanes
Entreprise
Tunisienne			2,544(1)		2,544
d'Activites
Petrolieres
Total		3,487	2,544		6,031
Projects
South_Tunisia		3,487	2,544(1)		6,031
Total		3,487	2,544		6,031

(1) Includes payments in kind for 75,057 bbl of crude oil valued using the average monthly price per boe

United_Arab_Emirates_
in_EUR_1,000
	Production	Taxes	Royalties	Fees	Total
	Entitlements
Governments_
Abu Dhabi
National Oil				836	836
Company
(ADNOC)
Emirate of
Abu Dhabi -		22,195	72,525		94,720
Finance
Department
Total		22,195	$_72$ , 525 $_$	836	95,556
Projects_
Umm Lulu und		22,195	72,525	836	95,556
SARB
Total		22,195	72,525	836	95,556

l Yemen
in EUR 1,000
	Production Taxes	Royalties Fees	'Total

__ Entitlements _ __ _ ____
Governments _ _ __ __ _______
Ministry of	35,945(1)	-	3,421(2)	263	39,628
Oil_&Minerals __ _ __ _ _______
Total_ 35,945 _- ___3,421 _263 39,628
Projects__ _ __ ___ __ ____
Block_S2__ _35,945(1) _- _3,421(2)__ _263 39,628_
Total_ 35,945 _- ___3,421 _263 39,628

(1) Includes payments in kind for 1,003,699 boe valued at prices set by the Yemen Crude Oil Marketing Directorate

(2) Includes payments in kind for 95,515 boe valued at prices set by the Yemen Crude Oil Marketing Directorate

Vienna, March 10, 2021 The Executive Board

Rainer Seele m.p. Chairman of the Executive Board and Chief Executive Officer

Johann Pleininger m.p.Deputy Chairman of the Executive Board and Chief Upstream Operations Officer

Reinhard Florey m.p. Chief Financial Officer

Thomas Gangl m.p. Chief Downstream Operations Officer

Elena Skvortsova m.p. Chief Commercial Officer

Further inquiry note: OMV Aktiengesellschaft

Andreas Rinofner, Public Relations Tel.: +43 (1) 40 440-21357; e-mail: public.relations@omv.com

Florian Greger, Investor Relations Tel.: +43 (1) 40 440-21600; e-mail: investor.relations@omv.com

	end of announcement	euro adhoc
		--------------------------------------------------------------------------------

issuer:	OMV Aktiengesellschaft
	Trabrennstraße 6-8
	A-1020 Wien
phone:	+43 1 40440/21600
FAX:	+43 1 40440/621600
mail:	investor.relations@omv.com
WWW:	http://www.omv.com

ISIN: AT0000743059 indexes: ATX stockmarkets: Wien language: English

Aussendung übermittelt durch euro adhoc
The European Investor Relations Service