v3.25.2
Other reserves
12 Months Ended
Dec. 31, 2024
Share Capital, Reserves And Other Equity Interest [Abstract]  
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, 202437,2981542361,308(17,851)21,145
Other comprehensive income attributable to Shell plc shareholders(1,715)(1,715)
Transfer from other comprehensive income193193
Repurchases of shares3434
Share-based compensation109109
At December 31, 202437,2981542701,417(19,373)19,766
At January 1, 202337,2981541961,140(17,656)21,132
Other comprehensive income attributable to Shell plc shareholders(83)(83)
Transfer from other comprehensive income(112)(112)
Repurchases of shares4040
Share-based compensation168168
At December 31, 202337,2981542361,308(17,851)21,145
At January 1, 202237,298154139964(19,646)18,909
Other comprehensive loss attributable to Shell plc shareholders2,0242,024
Transfer from other comprehensive income(34)(34)
Repurchases of shares5757
Share-based compensation176176
At December 31, 202237,2981541961,140(17,656)21,132
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 28). The movement comprises the net of the charge for the year and the release as a result of vested awards.
29. Other reserves continued
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, 2024(11,213)73(34)(451)(2,008)(174)(4,044)(17,851)
Recognised in other comprehensive income(4,574)(7)20211(137)1,854(2,633)
Reclassified to income1,2561629241,325
Reclassified to the balance sheet(11)3221
Reclassified to retained earnings(182)375193
Tax on amounts recognised/reclassified7035(20)(56)40(447)(378)
Total, net of tax(3,248)(154)5216(73)1,782(1,472)
Share of joint ventures and associates(42)43(76)4(71)
Other comprehensive (loss)/income for the period(3,290)(111)5140(73)1,786(1,543)
Less: non-controlling interest21(2)221
Attributable to Shell plc shareholders(3,269)(113)5140(73)1,788(1,522)
At December 31, 2024(14,482)(40)(29)(311)(2,008)(247)(2,256)(19,373)
At January 1, 2023(12,590)487(75)(524)(1,964)(26)(2,964)(17,656)
Recognised in other comprehensive income1,393(67)33(196)(44)(273)(1,088)(242)
Reclassified to income1916261233
Reclassified to the balance sheet(1)1171117
Reclassified to retained earnings(112)(112)
Tax on amounts recognised/reclassified3(32)(12)63527
Total, net of tax1,397(211)4171(44)(148)(1,083)23
Share of joint ventures and associates16(202)21(183)
Other comprehensive income/(loss) for the period1,413(413)4173(44)(148)(1,082)(160)
Less: non-controlling interest(36)(1)2(35)
Attributable to Shell plc shareholders1,377(414)4173(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)1,2943(536)(2,144)(226)(8,474)(19,646)
Recognised in other comprehensive income(3,422)(524)(90)426180646,9823,616
Reclassified to income43712(636)81(106)
Reclassified to the balance sheet(81)(81)
Reclassified to retained earnings(32)(2)(34)
Tax on amounts recognised/reclassified(1)335955(1,516)(1,370)
Total, net of tax(2,986)(523)(78)(232)1802005,4642,025
Share of joint ventures and associates30(283)2443021
Other comprehensive income/(loss) for the period(2,956)(806)(78)121802005,4942,046
Less: non-controlling interest(71)(1)16(56)
Attributable to Shell plc shareholders(3,027)(807)(78)121802005,5101,990
At December 31, 2022(12,590)487(75)(524)(1,964)(26)(2,964)(17,656)