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Financial items
12 Months Ended
Dec. 31, 2021
Finance Income Expense [Abstract]  
Disclosure of finance income (cost) [text block]
9 Financial items
Full year
(in USD million)
2021
2020
2019
Foreign currency exchange gains/(losses) derivative
 
financial instruments
 
870
(1,288)
132
Other foreign currency exchange gains/(losses)
(823)
642
92
Net foreign currency exchange gains/(losses)
47
(646)
224
Dividends received
39
44
75
Interest income financial investments, including
 
cash and cash equivalents
38
108
125
Interest income non-current financial receivables
26
34
21
Interest income other current financial assets and other
 
financial items
48
113
281
Interest income and other financial items
151
298
502
Gains/(losses) financial investments
(348)
456
243
Gains/(losses) other derivative financial instruments
(708)
448
473
Interest expense bonds and bank loans and net
 
interest on related derivatives
(896)
(951)
(987)
Interest expense lease liabilities
(93)
(104)
(126)
Capitalised borrowing costs
334
308
480
Accretion expense asset retirement obligations
(453)
(412)
(456)
Interest expense current financial liabilities and
 
other finance expense
(114)
(232)
(360)
Interest and other finance expenses
(1,223)
(1,392)
(1,450)
Net financial items
(2,080)
(836)
(7)
Equinor's main financial items relate to assets and liabilities categorised in the fair value through profit or loss
 
and the amortised cost
category. For more information about financial instruments by category see note 26 Financial instruments: fair value measurement
and sensitivity analysis of market risk.
The line item Interest expense bonds and bank loans and net interest on related derivatives
 
includes interest expenses of USD
0.990
billion, USD
1.031
 
billion, and USD
0.861
 
billion for 2021, 2020 and 2019, respectively, from the financial liabilities at amortised cost
category. It also includes net interest on related derivatives from the fair value through profit or loss category, amounting to a net
interest income of USD
0.094
 
billion for 2021, and net interest income of USD
0.079
 
billion and net interest expense of USD
0.129
billion for 2020 and 2019, respectively.
The line item Gains/(losses) other derivative financial instruments primarily includes fair value changes from the fair
 
value through
profit or loss category on derivatives related to interest rate risk. For 2021 it is a loss of USD
724
 
million, corresponding to a gain of
USD
432
 
million and USD
457
 
million for 2020 and 2019, respectively.
Foreign currency exchange gains/(losses) derivative financial instruments include fair value changes of currency
 
derivatives related to
liquidity and currency risk. The line item Other foreign currency exchange gains/(losses) includes
 
a net foreign currency exchange loss
of USD
702
 
million, a gain of USD
796
 
million and a loss of USD
74
 
million from the fair value through profit or loss category for 2021,
2020 and 2019, respectively.