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Provisions and other liabilities | 12 Months Ended
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Dec. 31, 2019
Other provisions [abstract] |
Provisions [text block] | 20 Provision s and other liabilitie s
(in USD million) | Asset retirement obligations | Claims and litigations | Other provisions and liabilities | Total
Non-current portion at 31 December 2018 | 12,544 | 905 | 2,503 | 15,952
Current portion at 31 December 2018 reported as trade, other payables and provisions | 65 | 56 | 103 | 224
Provisions and other liabilities at 31 December 2018 | 12,609 | 961 | 2,606 | 16,175
New or increased provisions and other liabilities | 563 | (2) | 1,130 | 1,692
Change in estimates | (115) | 5 | (143) | (253)
Amounts charged against provisions and other liabilities | (218) | (0) | (268) | (485)
Effects of change in the discount rate | 1,779 | - | 49 | 1,828
Reduction due to divestments | (175) | - | - | (175)
Accretion expenses | 456 | - | - | 456
Reclassification and transfer | (92) | 0 | 113 | 21
Currency translation | (88) | (0) | (9) | (96)
Provisions and other liabilities at 31 December 2019 | 14,719 | 965 | 3,479 | 19,163
Non-current portion at 31 December 2019 | 14,616 | 54 | 3,282 | 17,951
Current portion at 31 December 2019 reported as trade, other payables and provisions | 104 | 910 | 197 | 1,211
The line item New or increased provisions and other liabilities includes additional provisions incurred in the period, liabilities and contingent considerations related to acquisitions, and an onerous transportation contract in North America. The timing of cash outflows of asset retirement obligations depends on the expected production cease at the various facilities. The asset retirement obligation (ARO), a legal or constructive obligation to decommis s ion and remove on- and offshore installations at the end of the production period, is of nature long term and with uncertainty to timing, discount rate, estimate s, currency, regulations and market situation. In certain production sharing agreements (PSA), Equinor’s estimated share of ARO is paid into an escrow account over the produc ing life of the field. Equinor presents asset retirement obligations net of these payments in the c onsolidated balance sheet. The claims and litigations category mainly relates to expected payments for unresolved claims. The timing and amounts of potential settlements in respect of these claims are uncertain and dependent on various factors that are outside management's control. The main change in the caption claims and litigations relate s to the reclassification of Agbami claim from long-term to short-term. For further information on the development of other contingent liabilities, see note 2 4 Other commitments, contingent liabilities and contingent assets. The other provision and other liabilities cate gory relate s to liabilities for contingent consideration, expected net payments on onerous contracts, and other. For further information, see note 4 Acquisitions and disposals. The line item reclassification and transfer mainly relates to Equinor’s divestm ent of the ownership interests in offshore licences, where certain commitments related to asset removal were retained by Equinor. The previous ARO for the licences has been reclassified and included under Other provisions and liabilities. For further infor mation of methods applied and estimates required, see note 2 Significant accounting policies.
Expected timing of cash outflows
(in USD million) | Asset retirement obligations | Other provisions and liabilites, including claims and litigations | Total
2020 - 2024 | 1,410 | 3,119 | 4,529
2025 - 2029 | 1,247 | 657 | 1,904
2030 - 2034 | 3,605 | 81 | 3,686
2035 - 2039 | 3,719 | 156 | 3,875
Thereafter | 4,738 | 430 | 5,168
At 31 December 2019 | 14,719 | 4,443 | 19,163

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- Definition The disclosure of provisions. [Refer: Provisions] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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- References No definition available. + Details
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