XML 164 R42.htm IDEA: XBRL DOCUMENT
v3.20.1

Income taxes (Table) | 12 Months Ended
--- | ---
Dec. 31, 2019
Income tax [abstract] |
Significant components of income tax expense [Table Text Block] |
Significant components of income tax expense
| Full year
(in USD million) | 2019 | 2018 | 2017
Current income tax expense in respect of current year | (7,892) | (10,724) | (7,680)
Prior period adjustments | 69 | (49) | (124)
Current income tax expense | (7,822) | (10,773) | (7,805)
Origination and reversal of temporary differences | 410 | (1,359) | (904)
Recognition of previously unrecognised deferred tax assets | 0 | 923 | 0
Change in tax regulations | (6) | (28) | (14)
Prior period adjustments | (23) | (99) | (100)
Deferred tax income/(expense) | 381 | (563) | (1,017)
Income tax expense | (7,441) | (11,335) | (8,822)
Reconciliation of statutory tax rate to effective tax rate [Table Text Block] |
Reconciliation of statutory tax rate to effective tax rate
| Full year
(in USD million) | 2019 | 2018 | 2017
Income/(loss) before tax | 9,292 | 18,874 | 13,420
Calculated income tax at statutory rate1) | (2,284) | (5,197) | (3,827)
Calculated Norwegian Petroleum tax2) | (5,499) | (8,189) | (5,945)
Tax effect uplift3) | 632 | 736 | 784
Tax effect of permanent differences regarding divestments | 380 | 400 | (85)
Tax effect of permanent differences caused by functional currency different from tax currency | 8 | 116 | (229)
Tax effect of other permanent differences | 395 | 337 | 291
Tax effect of dispute with Angolan Ministry of Finance4) | 0 | 0 | 496
Recognition of previously unrecognised deferred tax assets5) | 0 | 923 | 0
Change in unrecognised deferred tax assets | (974) | 72 | (169)
Change in tax regulations | (6) | (28) | (14)
Prior period adjustments | 47 | (148) | (224)
Other items including currency effects | (139) | (357) | 100
Income tax expense | (7,441) | (11,335) | (8,822)
Effective tax rate | 80.1% | 60.1% | 65.7%
1)The weighted average of statutory tax rates was 24.6% in 2019, 2 7.5% in 2018 and 28.5% in 2017. The rate s are influenced by earnings composition between tax regimes with lower statutory tax rates and tax regimes with higher statutory tax rates. The change in weighted average statutory tax rate from 2018 to 2019 and from 201 7 to 2018 is also caused by the reduction in the Norwegian statutory tax rate from 24% in 2017 to 23% in 2018 to 22% in 2019. 2)The Norwegian petroleum tax rate is 56% for 2019, 55% for 2018 and 54% for 2017. 3)When computing the petroleum tax of 5 6% on income from the Norwegian continental shelf, an additional tax-free allowance, or uplift, is granted on the basis of the original capitalised cost of offshore production installations. The uplift may be deducted from taxable income for a period of four years starting in the year in which the capita l expenditure is incurred. For investments made in 201 9 the uplift is calculated at a rate of 5.2% per year, while the rate is 5.3% per year for investments made in 2018, 5.4% per year for investments made in 2017 and 5.5% per year for investments made in 2016. Transitional rules apply to investments from 5 May 2013 covered by among others Plans for development and operation (PDOs) or Plans for installation and operation (PIOs) submitted to the Ministry of Oil and Energy prior to 5 May 2013. For these inves tments the rate is 7.5% per year. Unused uplift may be carried forward indefinitely. At year end 201 9 and 201 8, unrecognised uplift credits amounted to USD 1,678 million and USD 1,780 million, respectively. 4)In June 2017 Equinor signed an agreement with the Angolan Ministry of Finance which resolved the dispute over previously assessed additional profit oil and taxes due, and established how to allocate profit oil and assess petroleum income tax (PIT) related to Equinor’s partici pation in Block 4, Block 15, Block 17 and Block 31 offshore Angola for t h e years 2002 to 2016. 5)An amount of USD 923 million of previously unrecognised deferred tax assets was recognised in the E&P International reporting segment in 2018. The recognition of the deferred tax assets is based on the expectation that sufficient taxable income will be available through reversals of taxable temporary differences or future taxable income supported by business forecast.
Deferred tax assets and liabilities [text block] |
Deferred tax assets and liabilities comprise
(in USD million) | Tax losses carried forward | Property, plant and equipment and intangible assets | Asset retirement obligations | Lease liabilities1) | Pensions | Derivatives | Other1) | Total
Deferred tax at 31 December 2019 |  |  |  |  |  |  |
Deferred tax assets | 5,173 | 369 | 9,397 | 1,898 | 733 | 108 | 1,612 | 19,291
Deferred tax liabilities | 0 | (24,115) | (0) | (0) | (13) | (119) | (573) | (24,820)
Net asset/(liability) at 31 December 2019 | 5,173 | (23,746) | 9,397 | 1,898 | 720 | (11) | 1,040 | (5,530)
Deferred tax at 31 December 2018 |  |  |  |  |  |  |
Deferred tax assets | 5,761 | 351 | 8,118 | 0 | 785 | 95 | 1,095 | 16,205
Deferred tax liabilities | (0) | (20,987) | 0 | 0 | (14) | (96) | (476) | (21,573)
Net asset/(liability) at 31 December 2018 | 5,761 | (20,636) | 8,118 | 0 | 771 | (1) | 620 | (5,367)
1)For 2019 deferred tax related to lease liabilities has been included in a separate column Lease liabilities, while deferred tax related to lease liabilities for 2018 has not been reclassified due to immateriality and is included in Other.
Changes in net deferred tax liability during the year [Table Text Block] |
Changes in net deferred tax liability during the year were as follows:
(in USD million) | 2019 | 2018 | 2017
Net deferred tax liability at 1 January | 5,367 | 5,213 | 4,231
Charged/(credited) to the Consolidated statement of income | (381) | 563 | 1,017
Charged/(credited) to Other comprehensive income | 98 | (22) | 38
Translation differences and other | 446 | (386) | (73)
Net deferred tax liability at 31 December | 5,530 | 5,367 | 5,213
Disclosure of Net deferred tax assets and liabilities [Table Text Block] |
| At 31 December
(in USD million) | 2019 | 2018
Deferred tax assets | 3,881 | 3,304
Deferred tax liabilities | 9,410 | 8,671
Disclosure of unrecognised deferred tax assets [Table Text Block] |
Unrecognised deferred tax assets
| At 31 December
| 2019 | 2018
(in USD million) | Basis | Tax | Basis | Tax
Deductible temporary differences | 2,550 | 1,138 | 2,439 | 1,123
Tax losses carried forward | 18,259 | 4,366 | 14,802 | 3,940
Total | 20,809 | 5,504 | 17,241 | 5,062

X
- Definition Disclosure of changes in net deferred tax liability during the year. + References No definition available. + Details
Name: | eqnr_ChangesInNetDeferredTaxLiabilityDuringTheYearTableTextBlock
Namespace Prefix: | eqnr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of net deferred tax assets and liabilities. + References No definition available. + Details
Name: | eqnr_DisclosureOfNetDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | eqnr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of unrecognised deferred tax assets. + References No definition available. + Details
Name: | eqnr_DisclosureOfUnrecognisedDeferredTaxAssetsTableTextBlock
Namespace Prefix: | eqnr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | eqnr_IncomeTaxAbstract
Namespace Prefix: | eqnr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Dislosure of reconciliation of statutory tax rate to effective tax rate. + References No definition available. + Details
Name: | eqnr_ReconciliationOfStatutoryTaxRateToEffectiveTaxRateTableTextBlock
Namespace Prefix: | eqnr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of significant components of income tax expense explanatory. + References No definition available. + Details
Name: | eqnr_SignificantComponentsOfIncomeTaxExpenseTableTextBlock
Namespace Prefix: | eqnr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2019-01-01 -Paragraph 81 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2019-en-r&anchor=para_81_g&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration