Hier de "specificatie' van de impairments
Vopak has recorded asset impairment charges of EUR 468 million.
The valuations for impaired assets take into account:
Impact on long-term financial projections for revenue and current dynamics related to inflation pressure, utility prices, labor and material costs and among others transition in the energy market associated with the Russia-Ukraine war.
Vopak's proactive approach to repurpose some of its existing assets in line with the strategic priorities in which the growth of the company will be focused on its industrial and gas terminals, and accelerate towards new energies and sustainable feedstocks.
The most recent energy transition scenarios in the OECD countries and a revised asset valuation methodology for oil assets.
A breakdown of the total impairment charges is stated below:
Europoort - EUR 240 million: By accelerating into new energies and repurposing some of its assets, Vopak Energy Terminal in Rotterdam (Europoort) will reduce its capacity by 2030 and will use the available land for new energy investments. Over time, this will reduce Vopak's exposure in oil assets in line with our ambition to increase the relative exposure of industrials, gas and new energies. Transition in the energy markets is expected to impact the long term revenue prospects of Europoort’s current activities, in addition to current dynamics related to inflation pressure, utility prices, labor and material costs.
Botlek - EUR 190 million: Botlek terminal is below Vopak’s minimum return levels which is driven by lower revenue projections in addition to challenging conditions related to among others inflation pressure, utility prices and labor costs.
SPEC LNG Colombia - EUR 36 million: Due to weather conditions in recent years which have brought a significant amount of rain in Colombia, hydropower has been available as the main source of power, which resulted in a reduced utilization of the FSRU. In addition, the tight FSRU market associated with the Russia - Ukraine war is leading to the opportunity to reduce FSRU costs becoming remote. As a result of the above there is a decrease in dividend expectations. This exceptional charge is recorded under Result joint ventures and associates in the Interim Consolidated Financial Statements.