6 INTEREST EXPENSE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ million |
|
|||||||||
|
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|||
|
Interest incurred and similar charges |
|
|
3,448 |
|
|
|
2,732 |
|
|
|
1,832 |
|
|
Less: interest capitalised |
|
|
(622 |
) |
|
|
(725 |
) |
|
|
(839 |
) |
|
Other net losses/(gains) on fair value hedges of debt |
|
|
114 |
|
|
|
4 |
|
|
|
(37 |
) |
|
Accretion expense |
|
|
1,102 |
|
|
|
1,192 |
|
|
|
932 |
|
|
Total |
|
|
4,042 |
|
|
|
3,203 |
|
|
|
1,888 |
|
The rate applied in determining the amount of interest capitalised in 2017 was 3% (2016: 3%; 2015: 3%).
1 FINANCIAL STATEMENTS AND SUPPLEMENTS SHELL ANNUAL REPORT AND FORM 20-F 2016