Notes And Other Explanatory Information [Abstract]
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2022-01-01 to 2022-12-31 |
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| Notes and other explanatory information [abstract] | |
| Disclosure of accounting judgements and estimates [text block] |
2. JUDGMENTS, ESTIMATES AND ASSUMPTIONS
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| Disclosure of accrued expenses and other liabilities [text block] |
16. OTHER FINANCIAL LIABILITIES
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| Disclosure of allowance for credit losses [text block] |
Credit quality of trade receivables
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| Disclosure of associates [text block] |
8. INVESTMENTS IN ASSOCIATED COMPANIES
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| Disclosure of auditors' remuneration [text block] |
37. REMUNERATION GROUP AUDITOR
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| Disclosure of authorisation of financial statements [text block] |
These consolidated financial statements, comprising the consolidated statement of financial position, consolidated income statement, consolidated statement of comprehensive income, consolidated statement of changes in equity, consolidated statement of cash flows and notes to the consolidated financial statements, were approved on March 16, 2023.
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| Disclosure of basis of consolidation [text block] |
3. CONSOLIDATION
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| Disclosure of borrowings [text block] |
15. INTEREST-BEARING DEBTS
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| Disclosure of cash and cash equivalents [text block] |
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| Disclosure of cash flow statement [text block] |
32. CASH FLOW STATEMENT INFORMATION
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| Disclosure of collateral [text block] |
Other financial assets
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| Disclosure of commitments [text block] |
Commitments
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| Disclosure of commitments and contingent liabilities [text block] |
34. COMMITMENTS AND CONTINGENCIES
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| Disclosure of contingent liabilities [text block] |
Litigations
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| Disclosure of credit risk [text block] |
December 31, 2022
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| Disclosure of debt instruments [text block] |
In 2022, OMV Petrom invested an amount of RON 51.57 million in Romanian Government bonds, which were kept until maturity.
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| Disclosure of deferred income [text block] |
17. OTHER LIABILITIES
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| Disclosure of deferred taxes [text block] |
18. DEFERRED TAX
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| Disclosure of deposits from banks [text block] |
h) Cash and cash equivalents
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| Disclosure of depreciation and amortisation expense [text block] |
Depreciation, amortization and impairment losses net of write-ups of intangible assets and property, plant and equipment consisted of:
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| Disclosure of derivative financial instruments [text block] |
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| Disclosure of dividends [text block] |
At the Annual General Meeting of Shareholders held on April 27, 2022, the shareholders of OMV Petrom S.A. approved the distribution of dividends for the financial year 2021 for the gross amount of RON 1,931.56 million (gross base dividend per share of RON 0.0341).
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| Disclosure of earnings per share [text block] |
27. EARNINGS PER SHARE
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| Disclosure of employee benefits [text block] |
Provisions for pensions and similar obligations
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| Disclosure of entity's operating segments [text block] |
28. SEGMENT INFORMATION
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| Disclosure of events after reporting period [text block] |
38. SUBSEQUENT EVENTS
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| Disclosure of expenses [text block] |
22. OTHER OPERATING EXPENSES
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| Disclosure of exploration and evaluation assets [text block] |
Oil and gas assets with unproved reserves include mainly expenditure capitalized in relation to Neptun project. OMV Petrom remains keen to see the Neptun Deep strategic project being developed. Based on management assessment it was concluded that there were no impairment triggers as at December 31, 2022 and 2021.
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| Disclosure of fair value measurement [text block] |
33. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
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| Disclosure of fair value of financial instruments [text block] |
The following overview presents the measurement of assets and liabilities recognized at fair value.
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| Disclosure of finance cost [text block] |
24. INTEREST INCOME AND INTEREST EXPENSES
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| Disclosure of finance income (cost) [text block] |
25. OTHER FINANCIAL INCOME AND EXPENSES
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| Disclosure of financial risk management [text block] |
36. RISK MANAGEMENT
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| Disclosure of going concern [text block] |
The consolidated financial statements of OMV Petrom Group, hereinafter referred to also as “the Group”, are presented in RON (“Romanian Leu”) and are prepared using going concern principles.
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| Disclosure of government grants [text block] |
“Other non-financial assets” line in 2022 mainly includes receivables from Romanian authorities in relation to the compensations for the natural gas sales at capped prices to clients allocated to the Company as Supplier of Last Resort and for electricity sales at capped prices, as well as receivables in relation with the subsidies supporting half of the RON 0.50 per liter voluntary price reduction for the sale of diesel and gasoline. These measures were introduced via several Government Emergency Ordinances in order to mitigate the consequences of the energy crisis.
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| Disclosure of income tax [text block] |
26. TAXES ON INCOME
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| Disclosure of information about employees [text block] |
29. AVERAGE NUMBER OF EMPLOYEES
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| Disclosure of information about key management personnel [text block] |
Key management remuneration
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| Disclosure of intangible assets [text block] |
6. INTANGIBLE ASSETS
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| Disclosure of inventories [text block] |
11. INVENTORIES
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| Disclosure of investments accounted for using equity method [text block] |
Company Name
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| Disclosure of investments other than investments accounted for using equity method [text block] |
31. DIRECT AND INDIRECT INVESTMENTS OF OMV PETROM GROUP WITH AN INTEREST OF AT LEAST 20% AS OF DECEMBER 31, 2022
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| Disclosure of issued capital [text block] |
Share capital
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| Disclosure of joint ventures [text block] |
35. INTERESTS IN JOINT ARRANGEMENTS
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| Disclosure of leases [text block] |
OMV Petrom Group as a lessee
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| Disclosure of liquidity risk [text block] |
Liquidity risk management
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| Disclosure of market risk [text block] |
Market Risk
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| Disclosure of non-controlling interests [text block] |
Non-controlling interests are not significant as of December 31, 2022 and December 31, 2021.
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| Disclosure of non-current assets held for sale and discontinued operations [text block] |
12. ASSETS HELD FOR SALE
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| Disclosure of objectives, policies and processes for managing capital [text block] |
Capital risk management
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| Disclosure of other current assets [text block] |
10. OTHER ASSETS
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| Disclosure of other operating income [text block] |
20. OTHER OPERATING INCOME
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| Disclosure of property, plant and equipment [text block] |
7. PROPERTY, PLANT AND EQUIPMENT
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| Disclosure of provisions [text block] |
14. PROVISIONS
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| Disclosure of related party [text block] |
30. RELATED PARTIES
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| Disclosure of reserves within equity [text block] |
Revenue reserves
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| Disclosure of revenue from contracts with customers [text block] |
19. SALES REVENUES
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| Disclosure of share capital, reserves and other equity interest [text block] |
* On November 3, 2022, OMV Petrom S.A. completed the share capital increase with the value of RON 566.76 million, by in-kind contribution of the Romanian State in amount of RON 120.66 million and cash contribution of other shareholders in amount of RON 446.10 million. For more details please see Note 13.
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| Disclosure of trade and other receivables [text block] |
9. TRADE RECEIVABLES AND OTHER FINANCIAL ASSETS
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| Disclosure of treasury shares [text block] |
Treasury shares
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