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Find a portion of the Property, Plant, and Equipment Footnote of Shell's 2021 Annual Report. Using the information provided in the note, please answer the
Find a portion of the Property, Plant, and Equipment Footnote of Shell's 2021 Annual Report. Using the information provided in the note, please answer the questions below. All numbers in the questions below and the footnote are presented in $ millions. Also, currency translation differences do not need to be included in your calculations.
- How much did Shell pay to purchase/develop Manufacturing, supply, and distribution assets in 2021?
- Assume that Shell received a total of 1,200 in cash from selling Manufacturing, supply, and distribution assets and there are no asset retirements in 2021.
- At the time of sale, what was the accumulated depreciation of the Manufacturing, supply, and distribution assets that were sold?
- At the time of sale, what was the original cost of the Manufacturing, supply, and distribution assets that were sold?
- Calculate the total amount of gain or loss that the company recognized on these asset sales.
9 - PROPERTY, PLANT AND EQUIPMENT 2021 Exploration and production Manufacturing, $ million Exploration and evaluation Production supply and distribution Other Total Additions Cost At January 1 [A] Sales, retirements and other movements [A] 14,484 1,216 298,882 107,876 32,402 453,644 8,942 7,917 3,644 21,719 (3,014) (20,005) (9,607) (455) (33,081) Currency translation differences (7) (1,916) (2,004) (1,586) (5,513) At December 31 12,679 285,903 104,182 34,005 436,769 Depreciation, depletion and amortisation, including impairments At January 1 [A] 5,258 167,711 58,242 12,733 243,944 Charge for the year 1,311 15,800 7,112 1,770 25,993 Sales, retirements and other movements [A] (999) (14,590) (8,624) (240) (24,453) Currency translation differences 10 (1,391) (1,599) (667) (3,647) At December 31 5,580 167,530 55,131 13,596 241,837 Carrying amount at December 31 7,099 118,373 49,051 20,409 194,932
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