Our people
Risk factors
Summary of results
Proved reserves
Note 9 - Joint ventures and associates
Shell share of comprehensive income of joint ventures and associates |
$ million |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
2017 |
2016 |
2015 |
||||||||
|
Joint ventures |
Associates |
Total |
Joint ventures |
Associates |
Total |
Joint ventures |
Associates |
Total |
||
|
|||||||||||
Income for the period |
2,102 |
2,123 |
4,225 |
2,332 |
1,213 |
3,545 |
908[A] |
2,619 |
3,527 |
||
Other comprehensive income/(loss) for the period |
164 |
6 |
170 |
78 |
(106) |
(28) |
(73) |
33 |
(40) |
||
Comprehensive income for the period |
2,266 |
2,129 |
4,395 |
2,410 |
1,107 |
3,517 |
835 |
2,652 |
3,487 |
||
Carrying amount of interests in joint ventures and associates |
$ million |
|||||
|---|---|---|---|---|---|---|
|
Dec 31, 2017 |
Dec 31, 2016 |
||||
|
Joint ventures |
Associates |
Total |
Joint ventures |
Associates |
Total |
Net assets |
15,052 |
12,875 |
27,927 |
20,555 |
12,700 |
33,255 |
Shell’s interest in the Motiva Enterprises LLC (Motiva) joint venture was disposed of in 2017 (see Note 29). The carrying amount at December 31, 2016, was $5,132 million.
Transactions with joint ventures and associates |
$ million |
||
|---|---|---|---|
|
2017 |
2016 |
2015 |
Sales and charges to joint ventures and associates |
13,121 |
24,214 |
36,548 |
Purchases and charges from joint ventures and associates |
10,680 |
13,859 |
26,440 |
These transactions principally comprise sales and purchases of goods and services in the ordinary course of business. Related balances outstanding at December 31, 2017, and 2016, are presented in Notes 11 and 15.
Other arrangements in respect of joint ventures and associates |
$ million |
|
|---|---|---|
|
Dec 31, 2017 |
Dec 31, 2016 |
Commitments to make purchases from joint ventures and associates |
78,837 |
85,333 |
Commitments to provide debt or equity funding to joint ventures and associates |
1,216 |
2,703 |