Denmark
120 Employees
-
Third-party revenues
$726,789,781
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Related-party revenues
$231,125,105
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Total revenues
$957,914,886
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Profit before tax
$(189,583,894)
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Tax paid
$1,321,579
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Tax accrued
$1,321,556
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Tangible assets
$0
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Stated capital
$173,811,145
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Accumulated earnings
$98,822,817
Main business activities
- Downstream
Shell’s footprint
Shell has been active in Denmark since 1913. In 2021, the sale of A/S Dansk Shell, including the refining business and local trading activities, to PL ESG Denmark Co APS (Postlane Partners) was completed. Shell EP Holdingselskab Danmark ApS holds 100% of the shares in Shell Egypt NV. In 2022, Shell transferred all remaining investments, including the Shell Egypt NV shares, to other Shell entities and Shell EP Holdingselskab Danmark ApS is in the process of being liquidated.
Country financial analysis
The statutory corporate income tax rate in Denmark is 22%. Margins in 2021 were not as high as they were prior to COVID-19. There were tax losses brought forward from earlier years but these could only be partially offset under limitations specified in Danish legislation hence a small tax liability remained.
