Note 28 - Other reserves
|
|
|
|
|
|
$ million |
|---|---|---|---|---|---|---|
|
Merger reserve |
Share premium reserve |
Capital redemption reserve |
Share plan reserve |
Accumulated other comprehensive income |
Total |
At January 1, 2022 |
37,298 |
154 |
139 |
964 |
(19,646) |
18,909 |
Other comprehensive income attributable to Shell plc shareholders |
– |
– |
– |
– |
2,024 |
2,024 |
Transfer from other comprehensive income |
– |
– |
– |
– |
(34) |
(34) |
Repurchases of shares |
– |
– |
57 |
– |
– |
57 |
Share-based compensation |
– |
– |
– |
176 |
– |
176 |
At December 31, 2022 |
37,298 |
154 |
196 |
1,140 |
(17,656) |
21,132 |
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 |
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 27). 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:
|
|
|
|
|
|
|
|
$ million |
|---|---|---|---|---|---|---|---|---|
|
Currency translation differences |
Equity instruments remeasurements |
Debt instruments remeasurements |
Cash flow hedging (losses)/ |
Net investment hedging (losses)/ |
Deferred cost of hedging |
Retirement benefits remeasurements |
Total |
At January 1, 2022 |
(9,563) |
1,294 |
3 |
(536) |
(2,144) |
(226) |
(8,474) |
(19,646) |
Recognised in other comprehensive income |
(3,422) |
(524) |
(90) |
426 |
180 |
64 |
6,982 |
3,616 |
Reclassified to income |
437 |
– |
12 |
(636) |
– |
81 |
– |
(106) |
Reclassified to the balance sheet |
– |
– |
– |
(81) |
– |
– |
– |
(81) |
Reclassified to retained earnings |
– |
(32) |
– |
– |
– |
– |
(2) |
(34) |
Tax on amounts recognised/reclassified |
(1) |
33 |
– |
59 |
– |
55 |
(1,516) |
(1,370) |
Total, net of tax |
(2,986) |
(523) |
(78) |
(232) |
180 |
200 |
5,464 |
2,025 |
Share of joint ventures and associates |
30 |
(283) |
– |
244 |
– |
– |
30 |
21 |
Other comprehensive income/(loss) for the period |
(2,956) |
(806) |
(78) |
12 |
180 |
200 |
5,494 |
2,046 |
Less: non-controlling interest |
(71) |
(1) |
– |
– |
– |
– |
16 |
(56) |
Attributable to Shell plc shareholders |
(3,027) |
(807) |
(78) |
12 |
180 |
200 |
5,510 |
1,990 |
At December 31, 2022 |
(12,590) |
487 |
(75) |
(524) |
(1,964) |
(26) |
(2,964) |
(17,656) |
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) |
At 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)/income 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) |
