10.1.2.3. Assets related to future costs of decommissioning of oil and gas extraction facilities
As part of its development and production assets, the Group discloses assets related to future costs of decommissioning of oil and gas extraction facilities depreciated with the units-of-production method. These assets are recognised along with the recognition and remeasurement of provisions for decommissioning of oil and gas extraction facilities.
| Oil and gas development assets | Oil and gas production assets | Total | ||||
| Norway | Poland | Norway | Lithuania | Total | ||
| Gross carrying amount Jan 1 2021 | 161.7 | 242.1 | 729.2 | 4.9 | 976.2 | 1,137.9 |
| Estimated differences of decommisioning of oil and gas extraction facilities | – | (59.8) | 1.6 | 3.1 | (55.1) | (55.1) |
| Exchange differences on translating foreign operations | 3.8 | – | 38.5 | (0.1) | 3.,4 | 42.2 |
| Reclassiffication to crude oil and natural gas production assets | (165.5) | – | 165.5 | – | 165.5 | – |
| Gross carrying amount Dec 31 2021 | – | 182.3 | 934.8 | 7.9 | 1,125.0 | 1,125.0 |
| Accumulated depreciation Jan 1 2021 | – | 91.9 | 599.7 | 2.6 | 694.2 | 694.2 |
| Depreciation and amortisation | – | 16.4 | 17.2 | 0.8 | 34.4 | 34.4 |
| Exchange differences on translating foreign operations | – | – | 28.7 | – | 28.7 | 28.7 |
| Accumulated depreciation Dec 31 2021 | – | 108.3 | 645.6 | 3.4 | 757.3 | 757.3 |
| Impairment losses Jan 1 2021 | 122.0 | – | 72.7 | – | 72.7 | 194.7 |
| Recognised | – | – | 4.7 | – | 4.7 | 4.7 |
| Exchange differences on translating foreign operations | 2.8 | – | 5.5 | – | 5.5 | 8.3 |
| Used/Reversed | – | – | (31.8) | – | (31.8) | (31.8) |
| Reclassiffication to crude oil and natural gas production assets | (124.8) | – | 124.8 | – | 124.8 | – |
| Imapirment losses Dec 31 2021 | – | – | 175.9 | – | 175.9 | 175.9 |
| Net carrying amount Dec 1 2021 | – | 74.0 | 113.3 | 4.5 | 191.8 | 191.8 |
| Gross carrying amount Jan 1 2020 | 131.6 | 168.6 | 726.7 | 4.1 | 899.4 | 1,031.0 |
| Estimated costs of decommisioning of oil and gas extraction facilities | 26.1 | 73.5 | (10.4) | 0.5 | 63.6 | 89.7 |
| Exchange differences on transalting foreign operations | 4.0 | – | 12.9 | 0.3 | 13.2 | 17.2 |
| Gross carying amount Dec 31 2020 | 161.7 | 242.1 | 729.2 | 4.9 | 976.2 | 1,137.9 |
| Accumulated losses Jan 1 2020 | – | 85.7 | 538.5 | 2.1 | 626.3 | 626.3 |
| Depreciation and amortisation | – | 6.2 | 48.2 | 0.3 | 54.7 | 54.7 |
| Exchange differences on translating foreign operations | – | – | 13.0 | 0.2 | 13.2 | 13.2 |
| Accumulated depreciation/amortisation Dec 31 2020 | – | 91.9 | 599.7 | 2.6 | 694.2 | 694.2 |
| Impairment losses Jan 1 2020 | 119.8 | – | 65.3 | – | 65.3 | 185.1 |
| Recognised | – | – | 8.3 | – | 8.3 | 8.3 |
| Exchange differences on translating foreign operations | 2.2 | – | 1.6 | – | 1.6 | 3.8 |
| Used/Reversed | – | – | (2.5) | – | (2.5) | (2.5) |
| Impairment losses Dec 31 2020 | 122.0 | – | 72.7 | – | 72.7 | 194.7 |
| Net carrying amount Dec 31 2020 | 39.7 | 150.2 | 56.8 | 2.3 | 209.3 | 249.0 |