Page 105 - Suncor AR English

Adjustments to Consolidated Balance Sheets:

Dec 31 Jan 1
($ millions, increase/(decrease)) 2012 2012
Cash and cash equivalents (8) (22)
.......................................................................................................................................................................................................................................................
Accounts receivable (43) (29)
.......................................................................................................................................................................................................................................................
Inventories (46) (36)
.......................................................................................................................................................................................................................................................
Property, plant and equipment, net (24) (26)
.......................................................................................................................................................................................................................................................
Other assets 99 102
.......................................................................................................................................................................................................................................................
Goodwill and other intangible assets (24) (25)
.......................................................................................................................................................................................................................................................
Deferred income taxes
(2) —

Total assets
(48) (36)

Short-term debt
(1) (2)
.......................................................................................................................................................................................................................................................
Accounts payable and accrued liabilities (23) (13)
.......................................................................................................................................................................................................................................................
Income taxes payable (5) (5)
.......................................................................................................................................................................................................................................................
Other long-term liabilities(2) 9 10
.......................................................................................................................................................................................................................................................
Provisions (1) (1)
.......................................................................................................................................................................................................................................................
Deferred income taxes(2) (19) (17)
.......................................................................................................................................................................................................................................................
Shareholders’ equity(2) (8) (8)

Total liabilities and shareholders’ equity (48) (36)

(2) At December 31, 2012, the adjustment related to IAS 19 resulted in an increase of $11 million to Other long-term liabilities, offset by a decrease of

$3 million and $8 million, respectively, to Deferred income taxes and Shareholders’ equity. The remaining adjustments relate to IFRS 11.

Adjustments to Consolidated Statements of Cash Flow:

For the year ended
December 31,
($ millions, increase/(decrease)) 2012

Operating activities
.......................................................................................................................................................................................................................................................
Cash flow from operating activities before change in non-cash working capital (12)
.......................................................................................................................................................................................................................................................
Decrease in non-cash working capital 25

Cash flow from operating activities 13
.......................................................................................................................................................................................................................................................
Cash flow from investing activities 1
.......................................................................................................................................................................................................................................................
Cash flow from financing activities —

Increase in cash and cash equivalents 14

Other new IFRS standards

Joint Arrangements

IFRS 12 Disclosures of Interests in Other Entities is a comprehensive disclosure standard for all forms of interests in other
entities, including subsidiaries, joint arrangements, associates and unconsolidated structured entities. The adoption of this

standard had no material impact on the company’s consolidated financial statements, but did result in increased
disclosures on the company’s material subsidiaries and interest in associates and joint arrangements. Refer to note 29

and 30.

Offsetting Financial Assets and Financial Liabilities Disclosures
IFRS 7 Financial Instruments: Disclosures amendments added disclosure requirements to enhance the understanding of the

potential effects of offsetting arrangements. Refer to note 27.

SUNCOR ENERGY INC. ANNUAL REPORT 2013 101