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Note 28 - 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, 2023

37,298

154

196

1,140

(17,656)

21,132

Other comprehensive income attributable to Shell plc shareholders

(83)

(83)

Transfer from other comprehensive income

(112)

(112)

Repurchases of shares

40

40

Share-based compensation

168

168

At December 31, 2023

37,298

154

236

1,308

(17,851)

21,145

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 loss 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

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:

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, 2023

(12,590)

487

(75)

(524)

(1,964)

(26)

(2,964)

(17,656)

Recognised in other comprehensive income

1,393

(67)

33

(196)

(44)

(273)

(1,088)

(242)

Reclassified to income

1

9

162

61

233

Reclassified to the balance sheet

(1)

117

`

1

117

Reclassified to retained earnings

(112)

(112)

Tax on amounts recognised/reclassified

3

(32)

(12)

63

5

27

Total, net of tax

1,397

(211)

41

71

(44)

(148)

(1,083)

23

Share of joint ventures and associates

16

(202)

2

1

(183)

Other comprehensive (loss)/income for the period

1,413

(413)

41

73

(44)

(148)

(1,082)

(160)

Less: non-controlling interest

(36)

(1)

2

(35)

Attributable to Shell plc shareholders

1,377

(414)

41

73

(44)

(148)

(1,080)

(195)

At December 31, 2023

(11,213)

73

(34)

(451)

(2,008)

(174)

(4,044)

(17,851)

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)