Debt and accounts payable are recognised initially at fair value based on amounts exchanged, net of transaction costs, and subsequently at amortised cost, except for fixed rate debt subject to fair value hedging, which is remeasured for the hedged risk.
Interest expense on debt is accounted for using the effective interest method and, other than interest capitalised, is recognised in income.
Source: Royal Dutch Shell PLC, Annual Report
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Royal Dutch Shell PLC, Statement of Financial Position, Debt
USD $ in millions
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | ||
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Current debt | |
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Non-current debt | |
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Total debt | |
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Source: Based on data from Royal Dutch Shell PLC, Annual Reports
| Item | Description | The company |
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| Total debt | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Royal Dutch Shell PLC's total debt increased from 2009 to 2010 but then slightly declined from 2010 to 2011 not reaching 2009 level. |
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Royal Dutch Shell PLC
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Interest expense (excluding accretion expense) | |
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Interest capitalised | |
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Interest incurred on debt and related derivatives | |
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Source: Based on data from Royal Dutch Shell PLC, Annual Reports
| Item | Description | The company |
|---|---|---|
| Interest expense (excluding accretion expense) | Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings. | Royal Dutch Shell PLC's interest expense (excluding accretion expense) increased from 2009 to 2010 and from 2010 to 2011. |
| Interest capitalised | The amount of interest that was capitalized during the period. | Royal Dutch Shell PLC's interest capitalised declined from 2009 to 2010 and from 2010 to 2011. |
| Interest incurred on debt and related derivatives | Total interest costs incurred during the period and either capitalized or charged against earnings. | Royal Dutch Shell PLC's interest incurred on debt and related derivatives increased from 2009 to 2010 but then slightly declined from 2010 to 2011. |
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| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | ||
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| Selected Financial Data (USD $ in millions) | ||||||
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Income attributable to Royal Dutch Shell plc shareholders | |
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Add: Income attributable to non-controlling interest | |
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Add: Interest expense (excluding accretion expense) | |
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Add: Income tax expense (benefit) | |
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Earnings before interest and tax (EBIT) | |
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Interest incurred on debt and related derivatives | |
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| Ratio With and Without Capitalized Interest | ||||||
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Interest coverage ratio (excluding capitalized interest)1 | |
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Adjusted interest coverage ratio (including capitalized interest)2 | |
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2011 Calculations
1 Interest coverage ratio (excluding capitalized interest) = EBIT ÷ Interest expense (excluding accretion expense)
= ÷ =
2 Adjusted interest coverage ratio (including capitalized interest) = EBIT ÷ Interest incurred on debt and related derivatives
= ÷ =
| Ratio | Description | The company |
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| Adjusted interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). | Royal Dutch Shell PLC's adjusted interest coverage ratio improved from 2009 to 2010 and from 2010 to 2011. |
May 24, 2012