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Legal How to End Deferred Retirement Option Plan

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Legal How to End Deferred Retirement Option Plan document sample

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									     Consolidated Statement of Income. U.S. GAAP (CAD $)
                                                                              12 Months Ended
                                                                               Dec. 31, 2009
                 In Millions, except Per Share data
Revenues and other income
                                                                                                          [1],[2]
Operating revenues                                                                             $21,292
Investment and other income (note 9)                                                               106
Total revenues and other income                                                                 21,398
Expenses
Exploration                                                                                        153
                                                                                                          [4]
Purchases of crude oil and products                                                             11,934
                                                                                                          [3]
Production and manufacturing                                                                     3,951
Selling and general                                                                              1,106
                                                                                                          [2]
Federal excise tax                                                                               1,268
Depreciation and depletion                                                                         781
Financing costs (note 13)                                                                            5
Total expenses                                                                                  19,198
Income before income taxes                                                                        2,200
Income taxes (note 4)                                                                              621
Net income                                                                                      $1,579
Per-share information (Canadian dollars)
Net income per common share - basic (note 11)                                                      $1.86
Net income per common share - diluted (note 11)                                                    $1.84
Dividends                                                                                           $0.4
[1]Operating revenues include amounts from related parties of $1,699 million (2008 - $2,150 million, 2007 - $1,772 million), (n
[2]Operating revenues include federal excise tax of $1,268 million (2008 - $1,312 million, 2007 - $1,307 million).
[3]Production and manufacturing expenses include amounts to related parties of $217 million (2008 - $169 million, 2007 - $15
[4]Purchases of crude oil and products include amounts from related parties of $3,111 million (2008 - $4,729 million, 2007 - $3
                 12 Months Ended                        12 Months Ended
                  Dec. 31, 2008                          Dec. 31, 2007


                                              [1],[2]                             [1],[2]
                                   $31,240                           $25,069
                                       339                               374
                                    31,579                            25,443


                                       132                               106
                                              [4]                                 [4]
                                    18,865                            14,026
                                              [3]                                 [3]
                                     4,228                             3,474
                                     1,038                             1,335
                                              [2]                                 [2]
                                     1,312                             1,307
                                       728                               780
                                         0                                36
                                    26,303                            21,064
                                      5,276                               4,379
                                     1,398                             1,191
                                    $3,878                            $3,188


                                      $4.39                               $3.43
                                      $4.36                               $3.41
                                      $0.38                               $0.35
on, 2007 - $1,772 million), (note 15).
$1,307 million).
08 - $169 million, 2007 - $154 million), (note 15).
08 - $4,729 million, 2007 - $3,331 million), (note 15).
          Consolidated Balance Sheet. U.S. GAAP (CAD $)
                                                                                 Dec. 31, 2009
                               In Millions
Current Assets
                                                                                                           [2]
Cash                                                                                                $513
Accounts receivable, less estimated doubtful amounts                                               1,714
Inventories of crude oil and products (note 12)                                                      564
Materials, supplies and prepaid expenses                                                             247
Deferred income tax assets (note 4)                                                                  467
Total current assets                                                                               3,505
Long-term receivables, investments and other long-term assets                                        854
Property, plant and equipment, less accumulated depreciation and
depletion (note 3)                                                                                12,852
Goodwill (note 3)                                                                                    204
Other intangible assets, net                                                                          58
Total assets (note 3)                                                                             17,473
Current liabilities
Notes and loans payable (note 13)                                                                    109
                                                                                                           [1]
Accounts payable and accrued liabilities                                                           2,811
Income taxes payable                                                                                 848
Total current liabilities                                                                          3,768
Capitalized lease obligations (note 14)                                                               31
Other long-term obligations (note 6)                                                               2,839
Deferred income tax liabilities (note 4)                                                           1,396
Total liabilities                                                                                  8,034
Shareholders' equity
                                                                                                           [3]
Common shares at stated value (note 11