Page 119 - Suncor AR English

Scheduled Debt Repayments

Scheduled principal repayments for finance leases, short-term debt and long-term debt are as follows:

($ millions) Repayment
2014 1 255
.......................................................................................................................................................................................................................................................
2015 22
.......................................................................................................................................................................................................................................................
2016 24
.......................................................................................................................................................................................................................................................
2017 23
.......................................................................................................................................................................................................................................................
2018 2 690
.......................................................................................................................................................................................................................................................
Thereafter
7 437

11 451

Credit Facilities
A summary of available and unutilized credit facilities is as follows:

($ millions)
2013

Fully revolving for a period of one year after term-out date (Nov 2014)
2 000
.......................................................................................................................................................................................................................................................

Fully revolving and expires in 2015 900 .......................................................................................................................................................................................................................................................

Fully revolving for a period of three years and expires in 2016 3 000 .......................................................................................................................................................................................................................................................

Can be terminated at any time at the option of the lenders
288

Total credit facilities
6 188
Credit facilities supporting outstanding commercial paper
(798)
.......................................................................................................................................................................................................................................................
Credit facilities supporting standby letters of credit(3) (854)

Total unutilized credit facilities 4 536

(3) The company supported certain credit facilities with $585 million of cash collateral as at December 31, 2013 (December 31, 2012 – $150 million).

22. OTHER LONG-TERM LIABILITIES

Dec 31 Dec 31 Jan 1
($ millions)
2013
2012
2012

(restated – (restated –
note 6)
note 6)

Pensions and other post-retirement benefits (note 23)
926
1 645
1 694
.......................................................................................................................................................................................................................................................

Share-based compensation plans (note 26) 335 242 187 .......................................................................................................................................................................................................................................................

Deferred revenue 72 77 84 .......................................................................................................................................................................................................................................................

Fort Hills purchase obligation(1) — 223 275 .......................................................................................................................................................................................................................................................

Libya EPSAs signature bonus(2) 64 72 73 .......................................................................................................................................................................................................................................................

Other 67 60 89

1 464 2 319 2 402

(1) As part of the 2009 acquisition of Petro-Canada, the company assumed an obligation relating to Petro-Canada’s acquisition of an additional 5%
interest in the Fort Hills project. To pay for this investment, the company will fund $375 million of expenditures in excess of its working interest. At
December 31, 2013, the carrying amount of the Fort Hills obligation, based on the discounted estimated payout pattern for the funding, was
$230 million (December 31, 2012 – $300 million), of which the entire portion is classified as current (December 31, 2012 – $77 million) and is recorded
in Accounts Payable and Accrued Liabilities.

(2) The company also assumed the remaining US$500 million obligation for a signature bonus relating to Petro-Canada’s ratification of six Exploration and
Production Sharing Agreements (EPSAs) in Libya payable in several instalments through 2014. At December 31, 2013, the carrying amount of the Libya
EPSAs signature bonus was $78 million (December 31, 2012 – $86 million). The current portion is $14 million (December 31, 2012 – $14 million) and is
recorded in Accounts Payable and Accrued Liabilities.

SUNCOR ENERGY INC. ANNUAL REPORT 2013 115