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Note 18 - Assets held for sale

 

 

 

 

 

 

$ million

 

Dec 31, 2022

Dec 31, 2021

 

Current

Non-current

Total

Current

Non-current

Total

Intangible assets

116

116

Property, plant and equipment

2,526

2,526

896

896

Joint ventures and associates

94

94

Investments in securities

128

128

Trade and other receivables

44

51

95

349

71

420

Inventories

8

8

528

528

Assets classified as held for sale

52

2,799

2,851

877

1,083

1,960

Debt

3

1

4

257

199

456

Trade and other payables

256

22

278

235

140

375

Deferred tax

41

41

Retirement benefits

108

108

Decommissioning and other provisions

134

971

1,105

10

219

229

Income taxes payable

8

8

44

44

Liabilities directly associated with assets classified as held for sale

401

994

1,395

546

707

1,253

At December 31, 2022, assets held for sale mainly related to three Upstream projects. All transactions that resulted in the reclassification of assets held for sale at December 31, 2022, are expected to be completed in 2023.

In 2022, Shell ceased to classify one asset within Chemicals and Products as held for sale as it no longer met the assets-held-for-sale criteria. All other assets classified as held for sale at December 31, 2021, were sold in 2022.