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.
