Canadian Oil Sands Trust 2006 Annual Report
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Management's Discussion and Analysis

Review of Consolidated Results

Interest Expense, Net

($ millions) 2006 2005 $ Change % Change
Interest expense on long-term debt 102 107 (5) (4)
Interest income and other (4) (3) (1) 48
Interest expense, net 98 104 (6) (6)
   

Net interest expense decreased by $6 million in 2006 compared to 2005, primarily reflecting lower average net debt levels as the Trust repaid amounts owing on its credit facilities in 2006.

   
Administration Expense
 
Depreciation, Depletion and Accretion Expense