Royal Dutch Shell plc | CIK:0001306965 | 3

  • Filed: 3/15/2018
  • Entity registrant name: Royal Dutch Shell plc (CIK: 0001306965)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1306965/000156459018005735/0001564590-18-005735-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1306965/000156459018005735/rdsa-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001306965
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  • ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory

    ACQUISITIONS AND SALES OF INTERESTS IN A BUSINESS

    Assets acquired and liabilities assumed when control is obtained over a business, and, with effect from January 1, 2016, when an interest or an additional interest is acquired in a joint operation which is a business, are recognised at their fair value at the date of the acquisition; the amount of the purchase consideration above this value is recognised as goodwill. When control is obtained, any non-controlling interest is recognised as the proportionate share of the identifiable net assets. The acquisition of a non-controlling interest in a subsidiary and the sale of an interest while retaining control are accounted for as transactions within equity. The difference between the purchase consideration or sale proceeds after tax and the relevant proportion of the non-controlling interest, measured by reference to the carrying amount of the interest’s net assets at the date of acquisition or sale, is recognised in retained earnings as a movement in equity attributable to Royal Dutch Shell plc shareholders.