Property, Plant and Equipment Disclosure
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Item | Description | The company |
---|---|---|
Property, plant and equipment, cost | Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | Royal Dutch Shell PLC property, plant and equipment, cost increased from 2012 to 2013 but then slightly decreased from 2013 to 2014. |
Property, plant and equipment, carrying amount | Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | Royal Dutch Shell PLC property, plant and equipment, carrying amount increased from 2012 to 2013 and from 2013 to 2014. |
Asset Age Ratios (Summary)
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Asset age ratio | Description | The company |
---|---|---|
Average age ratio | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | Royal Dutch Shell PLC average age ratio of depreciable property, plant and equipment deteriorated from 2012 to 2013 but then improved from 2013 to 2014 not reaching 2012 level. |
Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | Royal Dutch Shell PLC estimated total useful life of depreciable property, plant and equipment decreased from 2012 to 2013 and from 2013 to 2014. |
Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | Royal Dutch Shell PLC estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2012 to 2013 and from 2013 to 2014. |
Estimated remaining life | Royal Dutch Shell PLC estimated remaining life of depreciable property, plant and equipment decreased from 2012 to 2013 and from 2013 to 2014. |
Average Age
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
2014 Calculations
1 Average age = 100 × Accumulated depreciation, depletion and amortisation, including impairments ÷ Property, plant and equipment, cost
= 100 × 171,727 ÷ 364,199 = 47.15%
Asset age ratio | Description | The company |
---|---|---|
Average age | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | Royal Dutch Shell PLC average age ratio of depreciable property, plant and equipment deteriorated from 2012 to 2013 but then improved from 2013 to 2014 not reaching 2012 level. |
Estimated Total Useful Life
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
2014 Calculations
1 Estimated total useful life = Property, plant and equipment, cost ÷ Depreciation, depletion and amortisation, including impairments, charge for the year
= 364,199 ÷ 23,835 = 15
Asset age ratio | Description | The company |
---|---|---|
Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | Royal Dutch Shell PLC estimated total useful life of depreciable property, plant and equipment decreased from 2012 to 2013 and from 2013 to 2014. |
Estimated Age, Time Elapsed since Purchase
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
2014 Calculations
1 Time elapsed since purchase = Accumulated depreciation, depletion and amortisation, including impairments ÷ Depreciation, depletion and amortisation, including impairments, charge for the year
= 171,727 ÷ 23,835 = 7
Asset age ratio | Description | The company |
---|---|---|
Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | Royal Dutch Shell PLC estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2012 to 2013 and from 2013 to 2014. |
Estimated Remaining Life
Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
2014 Calculations
1 Estimated remaining life = Property, plant and equipment, carrying amount ÷ Depreciation, depletion and amortisation, including impairments, charge for the year
= 192,472 ÷ 23,835 = 8
Asset age ratio | Description | The company |
---|---|---|
Estimated remaining life | Royal Dutch Shell PLC estimated remaining life of depreciable property, plant and equipment decreased from 2012 to 2013 and from 2013 to 2014. |