| 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, 2024 | 37,298 | 154 | 236 | 1,308 | (17,851) | 21,145 | | Other comprehensive income attributable to Shell plc shareholders | — | — | — | — | (1,715) | (1,715) | | Transfer from other comprehensive income | — | — | — | — | 193 | 193 | | Repurchases of shares | — | — | 34 | — | — | 34 | | Share-based compensation | — | — | — | 109 | — | 109 | | At December 31, 2024 | 37,298 | 154 | 270 | 1,417 | (19,373) | 19,766 | | 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 loss 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 |
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) | 20 | 211 | — | (137) | 1,854 | (2,633) | | Reclassified to income | 1,256 | — | 16 | 29 | — | 24 | — | 1,325 | | Reclassified to the balance sheet | — | — | (11) | 32 | — | — | — | 21 | | Reclassified to retained earnings | — | (182) | — | — | — | — | 375 | 193 | | Tax on amounts recognised/reclassified | 70 | 35 | (20) | (56) | — | 40 | (447) | (378) | | Total, net of tax | (3,248) | (154) | 5 | 216 | — | (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) | 5 | 140 | — | (73) | 1,786 | (1,543) | | Less: non-controlling interest | 21 | (2) | — | — | — | — | 2 | 21 | | Attributable to Shell plc shareholders | (3,269) | (113) | 5 | 140 | — | (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 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 income/(loss) 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) |
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