Page 41 - Suncor AR English
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EXPLORATION AND PRODUCTION
CONTINUED
Operating Earnings
Operating Earnings Reconciliation
Year ended December 31 ($ millions)
2013
2012 2011
Net earnings as reported
1 000
138 306
.......................................................................................................................................................................................................................................................
Impairments (net of reversals) and provisions 563 689 571
.......................................................................................................................................................................................................................................................
Recognition of risk mitigation proceeds (223) — —
.......................................................................................................................................................................................................................................................
(Gain) loss on significant disposals (130) — 8
.......................................................................................................................................................................................................................................................
Impact of income tax rate adjustments on deferred income taxes — 23 442
.......................................................................................................................................................................................................................................................
Adjustments to provisions for assets acquired through the merger — — 31
Operating earnings(1) 1 210
850
1 358
(1) Non-GAAP financial measure. See the Advisories – Non-GAAP Financial Measures section of this MD&A.
Bridge Analysis of Operating Earnings ($ millions)(1)
850 (367) 83
482 (13) 44
22
109
1 210
2012
Volumes
Price, Margin Royalties
Inventory Operating DD&A and Financing 2013
and Other and Exploration
Expense and
Revenue
Transportation Other income
Expense
24FEB201419252258
(1)
For an explanation of the construction of this bridge analysis, see the Advisories – Non-GAAP Financial Measures section of this MD&A.
SUNCOR ENERGY INC. ANNUAL REPORT 2013 37
