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Finance debt (Tables)
12 Months Ended
Dec. 31, 2021
Finance debt [abstract]  
Disclosure of detailed information about borrowings [table text block]
Non-current finance debt
Finance debt measured at amortised cost
Weighted average interest
rates in %
1)
Carrying amount in USD
millions at 31 December
Fair value in USD
 
millions at 31 December
2)
2021
2020
2021
2020
2021
2020
Unsecured bonds
United States Dollar (USD)
3.88
3.82
17,451
18,710
19,655
21,883
Euro (EUR)
1.42
2.03
7,925
10,057
8,529
11,115
Great Britain Pound (GBP)
6.08
6.08
1,852
1,877
2,674
2,949
Norwegian Kroner (NOK)
4.18
4.18
340
352
380
412
Total unsecured bonds
27,568
30,994
31,237
36,359
Unsecured loans
Japanese Yen (JPY)
4.30
4.30
87
97
106
119
Total unsecured loans
87
97
106
119
Total
27,655
31,091
31,343
36,479
Non-current finance debt due within one year
250
1,974
268
2,062
Non-current finance debt
27,404
29,118
31,075
34,417
Weighted average interest rates are calculated based on the contractual rates on the loans per currency at 31 December
 
and do
not include the effect of swap agreements.
2)
 
Fair values are determined from external calculation models based on market observations
 
from various sources, classified at
level 2 in the fair value hierarchy. For more information regarding fair value hierarchy, see note 26 Financial Instruments: fair
value measurement and sensitivity of market risk.
Disclosure Of Bonds Issued [text block]
In 2020 and 2021 Equinor issued the following
 
bonds
Issuance date
Currency
Amount in million
Interest rate in %
Maturity date
18 May 2020
USD
750
1.750
January 2026
18 May 2020
EUR
750
0.750
May 2026
18 May 2020
USD
750
2.375
May 2030
18 May 2020
EUR
1,000
1.375
May 2032
1 April 2020
USD
1,250
2.875
April 2025
1 April 2020
USD
500
3.000
April 2027
1 April 2020
USD
1,500
3.125
April 2030
1 April 2020
USD
500
3.625
April 2040
1 April 2020
USD
1,250
3.700
April 2050
Disclosure of Non-current finance debt maturity profile [text block]
Non-current finance debt maturity profile
At 31 December
(in USD million)
2021
2020
Year 2 and 3
5,015
3,705
Year 4 and 5
4,731
4,927
After 5 years
17,659
20,485
Total repayment of non-current finance debt
27,404
29,118
Weighted average maturity (years - including current portion)
10
10
Weighted average annual interest rate (% - including current portion)
3.33
3.38
Disclosure of Current finance debt [text block]
Current finance debt
At 31 December
(in USD million)
2021
2020
Collateral liabilities
2,271
1,704
Non-current finance debt due within one year
250
1,974
Other including US Commercial paper program
 
and bank overdraft
2,752
913
Total current finance debt
5,273
4,591
Weighted average interest rate (%)
0.51
2.40
Reconciliation of liabilities arising from financing activities [text block]
Reconciliation of cash flows from financing activities
 
to finance line items in balance sheet
 
(in USD million)
Non-current
finance debt
Current
finance
debt
Financial
receivable
Collaterals
1)
Additional
paid in
capital
/Treasury
shares
Non-
controlling
interest
Dividend
payable
Lease
liabilities
2)
Total
At 1 January 2021
29,118
4,591
(967)
(1,588)
19
357
4,406
New finance debt
Repayment of finance debt
(2,675)
(2,675)
Repayment of lease liabilities
(1,238)
(1,238)
Dividend paid
(1,797)
(1,797)
Share buy-back
(321)
(321)
Net current finance debt and other
finance activities
(335)
2,273
(651)
(75)
(18)
1,195
Net cash flow from financing activities
(3,010)
2,273
(651)
(396)
(18)
(1,797)
(1,238)
(4,836)
Transfer to current portion
1,724
(1,724)
Effect of exchange rate changes
(422)
(8)
41
(1)
(61)
Dividend declared
2,041
New leases
476
Other changes
(6)
141
(43)
14
(19)
(21)
Net other changes
1,296
(1,591)
41
(43)
13
2,022
394
At 31 December 2021
27,404
5,273
(1,577)
(2,027)
14
582
3,562
(in USD million)
Non-current
finance debt
Current
finance
debt
Financial
receivable
Collaterals
1)
Additional
paid in
capital
/Treasury
shares
Non-
controlling
interest
Dividend
payable
Lease
liabilities
2)
Total
At 1 January 2020
21,754
2,939
(634)
(708)
20
859
4,339
New finance debt
8,347
8,347
Repayment of finance debt
(2,055)
(2,055)
Repayment of lease liabilities
(1,277)
(1,277)
Dividend paid
(2,330)
(2,330)
Share buy-back
(1,059)
(1,059)
Net current finance debt and other
finance activities
72
1,706
(329)
(69)
(16)
1,365
Net cash flow from financing activities
6,364
1,706
(329)
(1,128)
(16)
(2,330)
(1,277)
2,991
Transfer to current portion
30
(30)
Effect of exchange rate changes
977
(27)
15
Dividend declared
1,833
New leases
1,349
Other changes
(8)
3
(4)
248
15
(20)
(5)
Net other changes
999
(54)
(4)
248
15
1,828
1,344
At 31 December 2020
29,118
4,591
(967)
(1,588)
19
357
4,406
1) Financial receivable collaterals are included in
 
Trade and other receivables in the Consolidated balance
 
sheet. See note 16 Trade and
other receivables for more information.
2) See note 23 Leases for more information.