Note 30 - Assets held for sale
|
|
|
|
|
|
$ million |
|---|---|---|---|---|---|---|
|
2021 |
2020 |
||||
|
Current |
Non-current |
Total |
Current |
Non-current |
Total |
Intangible assets |
— |
116 |
116 |
— |
112 |
112 |
Property, plant and equipment |
— |
896 |
896 |
— |
1,147 |
1,147 |
Trade and other receivables |
349 |
71 |
420 |
— |
— |
— |
Inventories |
528 |
— |
528 |
— |
— |
— |
Assets classified as held for sale |
877 |
1,083 |
1,960 |
— |
1,259 |
1,259 |
Debt |
257 |
199 |
456 |
— |
— |
— |
Trade and other payables |
235 |
140 |
375 |
— |
— |
— |
Deferred tax |
— |
41 |
41 |
— |
— |
— |
Retirement benefits |
— |
108 |
108 |
— |
— |
— |
Decommissioning and other provisions |
10 |
219 |
229 |
2 |
194 |
196 |
Income taxes payable |
44 |
— |
44 |
— |
— |
— |
Liabilities directly associated with assets classified as held for sale |
546 |
707 |
1,253 |
2 |
194 |
196 |
The carrying amount of assets classified as held for sale at December 31, 2021, is $1,960 million (2020: $1,259 million), with liabilities directly associated with assets classified as held for sale of $1,253 million (2020: $196 million).
At December 31, 2021, assets held for sale mainly referred to Shell’s interest in two refineries within Oil Products. All transactions that resulted in the reclassification of assets held for sale at December 31, 2021, are either already completed in 2022 or are expected to be completed during the course of 2022.
At December 31, 2020, assets held for sale mainly referred to Integrated Gas. All transactions that resulted in assets held for sale reclassification at December 31, 2020, were completed in the first quarter of 2021.
