Note 14 - Investments in securities
|
|
$ million |
|---|---|---|
|
Dec 31, 2022 |
Dec 31, 2021 |
Equity securities: |
1,533 |
1,710 |
Equity securities at fair value through other comprehensive income |
1,533 |
1,710 |
Debt securities: |
1,829 |
2,087 |
Debt securities at amortised cost |
21 |
4 |
Debt securities at fair value through other comprehensive income |
1,308 |
1,306 |
Debt securities at fair value through profit or loss |
500 |
777 |
Total |
3,362 |
3,797 |
At fair value |
|
|
Measured by reference to prices in active markets for identical assets |
1,884 |
1,909 |
Measured by reference to other observable inputs |
158 |
177 |
Measured using predominantly unobservable inputs |
1,299 |
1,707 |
Total |
3,341 |
3,793 |
At cost |
21 |
4 |
Total |
3,362 |
3,797 |
As at December 31, 2022, investments included equity securities comprising interests in which Shell has no significant influence, debt securities principally comprising a portfolio required to be held by the Company’s internal insurance entities as security for their activities, and assets held in escrow in relation to the Group’s UK pension arrangements.
|
|
$ million |
||
|---|---|---|---|---|
|
2022 |
2021 |
||
At January 1 |
1,707 |
1,505 |
||
(Losses)/gains recognised in other comprehensive income |
(206) |
44 |
||
Purchases |
142 |
299 |
||
Sales |
(37) |
(17) |
||
Other movements |
(307) |
(124) |
||
At December 31 |
1,299 |
1,707 |
||
|
||||
“Other movements” in 2022 includes a reclassification to property, plant and equipment, as a result of obtaining title to assets in a project in Asia.
