For the years ended December 31
($ millions, except per Trust Unit amounts) |
2007 |
2006 |
| Revenues |
$ |
3,633 |
$ |
2,692 |
| Crude oil purchases and transportation expense |
(383) |
(260) |
| |
3,250 |
2,432 |
| Expenses |
|
|
| Operating |
1,034 |
907 |
| Non-production |
63 |
70 |
| Crown royalties (Note 21) |
485 |
232 |
| Administration |
20 |
17 |
| Insurance |
8 |
6 |
| Interest, net (Note 17) |
85 |
98 |
| Depreciation, depletion and accretion (Note 8) |
351 |
255 |
| Foreign exchange gain |
(117) |
(5) |
| |
1,929 |
1,580 |
| Earnings before taxes from continuing operations |
1,321 |
852 |
| Future income tax expense and other (Note 14) |
579 |
17 |
| Net income from continuing operations |
742 |
835 |
| Income (loss) from discontinued operations (Note 6) |
1 |
(1) |
| Net income |
743 |
834 |
| Other comprehensive loss, net of income taxes |
|
|
| Reclassification of derivative gains to net income (Note 3) |
(6) |
– |
| Comprehensive income |
$ |
737 |
$ |
834 |
| Weighted-average Trust Units (millions) |
479 |
466 |
| Trust Units, end of year(millions) |
479 |
471 |
| Net income per Trust Unit1: |
|
|
| Basic (Note 15(c)) |
$ |
1.55 |
$ |
1.79 |
| Diluted (Note 15(c)) |
$ |
1.54 |
$ |
1.78 |
