Note 8 - Intangible assets
|
|
|
|
$ million |
||||
|---|---|---|---|---|---|---|---|---|
|
Goodwill |
LNG off-take and sales contracts |
Other |
Total |
||||
Cost |
|
|
|
|
||||
At January 1 [A] |
15,101 |
10,030 |
7,927 |
33,058 |
||||
Additions |
1,546 |
— |
3,674 |
5,220 |
||||
Sales, retirements and other movements [A] |
(464) |
(197) |
(1,978) |
(2,639) |
||||
Currency translation differences |
(66) |
— |
(197) |
(263) |
||||
At December 31 [A] |
16,117 |
9,833 |
9,426 |
35,376 |
||||
Depreciation, depletion and amortisation, including impairments |
|
|
|
|
||||
At January 1 |
1,062 |
4,668 |
4,618 |
10,348 |
||||
Charge for the year |
167 |
796 |
368 |
1,331 |
||||
Sales, retirements and other movements |
(23) |
(197) |
(670) |
(890) |
||||
Currency translation differences |
(9) |
— |
(97) |
(106) |
||||
At December 31 |
1,197 |
5,267 |
4,219 |
10,683 |
||||
Carrying amount at December 31 [A] |
14,920 |
4,566 |
5,207 [B] |
24,693 |
||||
|
||||||||
|
|
|
|
$ million |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Goodwill |
LNG off-take and sales contracts |
Other |
Total |
||||||
Cost |
|
|
|
|
||||||
At January 1 |
14,973 |
10,211 |
6,866 |
32,050 |
||||||
Additions |
247 |
— |
1,581 |
1,828 |
||||||
Sales, retirements and other movements [A] |
(176) |
(181) |
(714) |
(1,071) |
||||||
Currency translation differences |
57 |
— |
194 |
251 |
||||||
At December 31 [A] |
15,101 |
10,030 |
7,927 |
33,058 |
||||||
Depreciation, depletion and amortisation, including impairments |
|
|
|
|
||||||
At January 1 |
768 |
4,014 |
3,782 |
8,564 |
||||||
Charge for the year [B] |
276 |
835 |
851 |
1,962 |
||||||
Sales, retirements and other movements |
— |
(181) |
(120) |
(301) |
||||||
Currency translation differences |
18 |
— |
105 |
123 |
||||||
At December 31 |
1,062 |
4,668 |
4,618 |
10,348 |
||||||
Carrying amount at December 31 [A] |
14,039 |
5,362 |
3,309 [C] |
22,710 |
||||||
|
||||||||||
Goodwill at December 31, 2021, related principally to the acquisition of BG Group plc in 2016, allocated to Integrated Gas ($4,780 million) and Upstream ($5,525 million) at the operating segment level, and to Pennzoil-Quaker State Company ($1,612 million), a lubricants business in the Oil Products segment based largely in North America.
Additions to goodwill in 2021, ($1,546 million) related to a number of business acquisitions that Shell undertook for a total consideration of $2,300 million. This includes provisional goodwill of $1,167 million owing to the limited period since the acquisition date. The final amount will be reassessed in 2022 following the purchase price adjustments.
