Page 135 - Suncor AR English

30. SUBSIDIARIES

Material subsidiaries, each of which are wholly owned, either directly or indirectly, by the company as at December 31,
2013, are shown below:

Material Subsidiaries Principal activity

Canadian Operations

Suncor Energy Oil Sands Limited Partnership This partnerships holds most of the company’s oil sands and
in situ assets.
.......................................................................................................................................................................................................................................................
Suncor Energy Products Inc. This subsidiary holds interests in the company’s energy

marketing and renewable energy businesses.
.......................................................................................................................................................................................................................................................

Suncor Energy Products Partnership This partnership holds substantially all of the company’s
Canadian refining and marketing assets.
.......................................................................................................................................................................................................................................................
Suncor Energy Marketing Inc.
A subsidiary through which the company’s upstream production
is marketed, the company’s energy trading activities is

administered, and the company’s refining operations feedstock
is procured.

U.S. Operations

Suncor Energy (U.S.A.) Marketing Inc.
A subsidiary that procures and markets third-party crude oil, in
addition to procuring crude oil feedstock for the company’s
refining operations.
.......................................................................................................................................................................................................................................................
Suncor Energy (U.S.A.) Inc. A subsidiary through which the company’s U.S. refining and

marketing operations are conducted.
International Operations

Suncor Energy UK Limited A subsidiary through which the majority of the company’s

North Sea operations are conducted.
.......................................................................................................................................................................................................................................................

Suncor Energy Oil (North Africa) GmbH A subsidiary through which the majority of the company’s Libya
operations are conducted.

The table does not include wholly owned subsidiaries that are immediate holding companies of the operating subsidiaries.

For certain foreign operations of the company, there are restrictions on the sale or transfer of production licences, which
would require approval of the applicable foreign government.

31. RELATED PARTY DISCLOSURES

Related Party Transactions

The company enters into transactions with related parties in the normal course of business, which includes purchases of
feedstock, distribution of refined products, and sale of refined products and by-products. These transactions are with joint

ventures and associated entities in the company’s refining and marketing operations, including pipeline, refined product
and petrochemical companies. A summary of the significant related party transactions as at and for the year ended

December 31, 2013 and 2012 are as follows:

($ millions) 2013 2012
Sales 1 593 1 281
.......................................................................................................................................................................................................................................................
Purchases 245 157
.......................................................................................................................................................................................................................................................
Accounts receivable 92 72
.......................................................................................................................................................................................................................................................
Accounts payable and accrued liabilities 15 9

SUNCOR ENERGY INC. ANNUAL REPORT 2013 131