22 OTHER RESERVES
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Other reserves attributable to Royal Dutch Shell plc shareholders |
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$ million |
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Merger reserve |
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Share premium reserve |
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Capital redemption reserve |
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Share plan reserve |
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Accumulated other comprehensive income |
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Total |
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At January 1, 2017 |
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37,311 |
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154 |
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84 |
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1,644 |
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(27,895 |
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11,298 |
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Other comprehensive income attributable to Royal Dutch Shell plc shareholders |
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— |
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— |
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— |
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— |
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5,851 |
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5,851 |
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Scrip dividends |
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(13 |
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— |
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— |
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— |
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— |
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(13 |
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Share-based compensation |
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— |
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— |
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— |
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(204 |
) |
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— |
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(204 |
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At December 31, 2017 |
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37,298 |
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154 |
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84 |
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1,440 |
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(22,044 |
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16,932 |
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At January 1, 2016 |
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3,398 |
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154 |
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84 |
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1,658 |
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(22,480 |
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(17,186 |
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Other comprehensive loss attributable to Royal Dutch Shell plc shareholders |
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— |
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— |
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— |
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— |
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(5,949 |
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(5,949 |
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Scrip dividends |
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(17 |
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— |
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— |
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— |
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— |
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(17 |
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Shares issued |
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33,930 |
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— |
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— |
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— |
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— |
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33,930 |
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Share-based compensation |
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— |
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— |
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— |
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(14 |
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534 |
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520 |
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At December 31, 2016 |
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37,311 |
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154 |
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84 |
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1,644 |
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(27,895 |
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11,298 |
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At January 1, 2015 |
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3,405 |
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154 |
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83 |
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1,723 |
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(19,730 |
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(14,365 |
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Other comprehensive loss attributable to Royal Dutch Shell plc shareholders |
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— |
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— |
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— |
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— |
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(2,750 |
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(2,750 |
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Scrip dividends |
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(7 |
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— |
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— |
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— |
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— |
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(7 |
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Repurchases of shares |
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— |
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— |
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1 |
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— |
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— |
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1 |
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Share-based compensation |
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— |
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— |
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— |
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(65 |
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— |
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(65 |
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At December 31, 2015 |
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3,398 |
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154 |
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84 |
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1,658 |
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(22,480 |
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(17,186 |
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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, p.l.c., now The Shell Transport and Trading Company Limited, in 2005. The increase in the merger reserve in 2016 in respect of the shares issued represents the difference between the fair value and the nominal value of the shares issued for the acquisition of BG (see Note 29). 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 21). The movement represents the net of the charge for the year and the release as a result of vested awards and is after deduction of tax of $11 million in 2017 (2016: $nil; 2015: $nil).
Accumulated other comprehensive income comprises the following:
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Accumulated other comprehensive income attributable to Royal Dutch Shell plc shareholders |
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$ million |
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Currency translation differences |
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Unrealised gains/(losses) on securities |
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Cash flow hedging gains/(losses) |
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Retirement benefits remeasurements |
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Total |
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At January 1, 2017 |
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(13,831 |
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1,321 |
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(144 |
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(15,241 |
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(27,895 |
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Recognised in other comprehensive income |
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4,513 |
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796 |
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(467 |
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1,467 |
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6,309 |
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Reclassified to income |
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610 |
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(211 |
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(87 |
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— |
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312 |
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Reclassified to the balance sheet |
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— |
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— |
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(18 |
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— |
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(18 |
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Tax on amounts recognised/reclassified |
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33 |
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8 |
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20 |
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(863 |
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(802 |
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Total, net of tax |
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5,156 |
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593 |
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(552 |
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604 |
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5,801 |
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Share of joint ventures and associates |
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53 |
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55 |
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63 |
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(1 |
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170 |
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Other comprehensive income/(loss) for the period |
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5,209 |
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648 |
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(489 |
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603 |
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5,971 |
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Less: non-controlling interest |
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(113 |
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— |
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— |
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(7 |
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(120 |
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Attributable to Royal Dutch Shell plc shareholders |
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5,096 |
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648 |
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(489 |
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596 |
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5,851 |
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At December 31, 2017 |
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(8,735 |
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1,969 |
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(633 |
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(14,645 |
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(22,044 |
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At January 1, 2016 |
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(12,940 |
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1,409 |
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473 |
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(11,422 |
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(22,480 |
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Recognised in other comprehensive income |
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(1,023 |
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[A] |
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(204 |
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(727 |
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(4,816 |
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(6,770 |
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Reclassified to income |
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(277 |
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1 |
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(939 |
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— |
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(1,215 |
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Reclassified to the balance sheet |
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— |
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— |
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1,044 |
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[B] |
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— |
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1,044 |
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Tax on amounts recognised/reclassified |
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(21 |
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(11 |
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5 |
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999 |
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972 |
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Total, net of tax |
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(1,321 |
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(214 |
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(617 |
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(3,817 |
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(5,969 |
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Share of joint ventures and associates |
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(154 |
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126 |
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— |
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— |
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(28 |
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Other comprehensive loss for the period |
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(1,475 |
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(88 |
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(617 |
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(3,817 |
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(5,997 |
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Less: non-controlling interest |
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50 |
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— |
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— |
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(2 |
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48 |
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Attributable to Royal Dutch Shell plc shareholders |
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(1,425 |
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(88 |
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(617 |
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(3,819 |
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(5,949 |
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Reclassification in respect of shares held in trust |
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534 |
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— |
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— |
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— |
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534 |
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At December 31, 2016 |
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(13,831 |
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1,321 |
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(144 |
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(15,241 |
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(27,895 |
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At January 1, 2015 |
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(5,931 |
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2,112 |
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458 |
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(16,369 |
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(19,730 |
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Recognised in other comprehensive income |
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(7,170 |
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(650 |
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698 |
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6,338 |
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(784 |
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Reclassified to income |
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47 |
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(61 |
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(610 |
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— |
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(624 |
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Tax on amounts recognised/reclassified |
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2 |
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4 |
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(27 |
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(1,387 |
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(1,408 |
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Total, net of tax |
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(7,121 |
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(707 |
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61 |
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4,951 |
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(2,816 |
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Share of joint ventures and associates |
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2 |
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4 |
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(46 |
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— |
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(40 |
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Other comprehensive (loss)/income for the period |
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(7,119 |
) |
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(703 |
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15 |
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4,951 |
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(2,856 |
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Less: non-controlling interest |
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110 |
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— |
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— |
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(4 |
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106 |
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Attributable to Royal Dutch Shell plc shareholders |
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(7,009 |
) |
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(703 |
) |
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15 |
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4,947 |
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(2,750 |
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At December 31, 2015 |
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(12,940 |
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1,409 |
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473 |
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(11,422 |
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(22,480 |
) |
[A] Includes losses of $2,024 million arising on net investment hedges.
[B] Mainly relating to the acquisition of BG.
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FINANCIAL STATEMENTS AND SUPPLEMENTS SHELL ANNUAL REPORT AND FORM 20-F 2017 |
1 |
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