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Note 23 - Other reserves

Other reserves attributable to Shell plc shareholders

 

 

 

 

 

 

$ million

 

Merger reserve

Share premium reserve

Capital redemption reserve

Share plan reserve

Accumulated other compre­hensive income

Total

At January 1, 2021

37,298

154

129

906

(25,735)

12,752

Other comprehensive income attributable to Shell plc shareholders

6,134

6,134

Transfer from other comprehensive income

(45)

(45)

Repurchases of shares

10

10

Share-based compensation

58

58

At December 31, 2021

37,298

154

139

964

(19,646)

18,909

At January 1, 2020

37,298

154

123

1,049

(24,173)

14,451

Other comprehensive loss attributable to Shell plc shareholders

(1,832)

(1,832)

Transfer from other comprehensive income

270

270

Repurchases of shares

6

6

Share-based compensation

(143)

(143)

At December 31, 2020

37,298

154

129

906

(25,735)

12,752

At January 1, 2019

37,298

154

95

1,098

(22,030)

16,615

Other comprehensive income attributable to Shell plc shareholders

(2,069)

(2,069)

Transfer from other comprehensive income

(74)

(74)

Repurchases of shares

28

28

Share-based compensation

(49)

(49)

At December 31, 2019

37,298

154

123

1,049

(24,173)

14,451

The merger reserve and share premium reserve were established as a consequence of the Company becoming the single parent company of Royal Dutch Petroleum Company and The “Shell” Transport and Trading Company, plc, now The Shell Transport and Trading Company Limited, in 2005. The merger reserve increased in 2016 following the issuance of shares for the acquisition of BG Group plc.

The capital redemption reserve was established in connection with repurchases of shares of the Company.

The share plan reserve is in respect of equity-settled share-based compensation plans (see Note 22). The movement comprises the net of the charge for the year and the release as a result of vested awards.

Accumulated other comprehensive income comprises the following:

Accumulated other comprehensive income attributable to Shell plc shareholders

 

 

 

 

 

 

 

 

$ million

 

Currency translation differences

Equity instruments remeasure­ments

Debt instruments remeasure­ments

Cash flow hedging (losses)/gains

Net investment hedging (losses)/gains

Deferred cost of hedging

Retirement benefits remeasure­ments

Total

At January 1, 2021

(8,175)

1,144

31

(485)

(2,439)

(187)

(15,624)

(25,735)

Recognised in other comprehensive income

(1,841)

180

(23)

88

295

(145)

10,191

8,745

Reclassified to income

368

(5)

(38)

92

417

Reclassified to the balance sheet

(13)

(13)

Reclassified to retained earnings

(45)

(45)

Tax on amounts recognised/reclassified

60

(35)

(16)

14

(2,993)

(2,970)

Total, net of tax

(1,413)

100

(28)

21

295

(39)

7,198

6,134

Share of joint ventures and associates

(36)

50

(72)

(48)

(106)

Other comprehensive income/(loss) for the period

(1,449)

150

(28)

(51)

295

(39)

7,150

6,028

Less: non-controlling interest

61

61

Attributable to Shell plc shareholders

(1,388)

150

(28)

(51)

295

(39)

7,150

6,089

At December 31, 2021

(9,563)

1,294

3

(536)

(2,144)

(226)

(8,474)

(19,646)

January 1, 2020

(9,415)

793

8

(233)

(2,016)

(287)

(13,023)

(24,173)

Recognised in other comprehensive income

1,204

68

31

(9)

(423)

17

(3,455)

(2,567)

Reclassified to income

(28)

(8)

(173)

94

(115)

Reclassified to the balance sheet

16

16

Reclassified to retained earnings

169

101

270

Tax on amounts recognised/reclassified

3

(4)

6

(11)

753

747

Total, net of tax

1,179

233

23

(160)

(423)

100

(2,601)

(1,649)

Share of joint ventures and associates

51

118

(92)

77

Other comprehensive loss for the period

1,230

351

23

(252)

(423)

100

(2,601)

(1,572)

Less: non-controlling interest

10

10

Attributable to Shell plc shareholders

1,240

351

23

(252)

(423)

100

(2,601)

(1,562)

At December 31, 2020

(8,175)

1,144

31

(485)

(2,439)

(187)

(15,624)

(25,735)

At January 1, 2019

(9,722)

906

(21)

117

(2,025)

(353)

(10,932)

(22,030)

Recognised in other comprehensive income

302

(17)

24

(592)

13

9

(3,106)

(3,367)

Reclassified to income

38

5

268

86

397

Reclassified to the balance sheet

11

11

Reclassified to retained earnings

(85)

11

(74)

Tax on amounts recognised/reclassified

4

(13)

37

(4)

(29)

1,004

999

Total, net of tax

344

(115)

29

(276)

9

66

(2,091)

(2,034)

Share of joint ventures and associates

(2)

2

(74)

(74)

Other comprehensive loss/income for the period

342

(113)

29

(350)

9

66

(2,091)

(2,108)

Less: non-controlling interest

(35)

(35)

Attributable to Shell plc shareholders

307

(113)

29

(350)

9

66

(2,091)

(2,143)

At December 31, 2019

(9,415)

793

8

(233)

(2,016)

(287)

(13,023)

(24,173)