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Consolidated Balance Sheet (U.S. GAAP) (CAD)
In Millions, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current Assets    
Cash 215us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 272us-gaap_CashAndCashEquivalentsAtCarryingValue [1]
Accounts receivable, less estimated doubtful amounts 1,539us-gaap_ReceivablesNetCurrent 2,084us-gaap_ReceivablesNetCurrent
Inventories of crude oil and products (note 11) 1,121us-gaap_InventoryFinishedGoodsAndWorkInProcess 1,030us-gaap_InventoryFinishedGoodsAndWorkInProcess
Materials, supplies and prepaid expenses 380imo_MaterialsSuppliesAndPrepaidExpenses 342imo_MaterialsSuppliesAndPrepaidExpenses
Deferred income tax assets (note 3) 314us-gaap_DeferredTaxAssetsNetCurrent 559us-gaap_DeferredTaxAssetsNetCurrent
Total current assets 3,569us-gaap_AssetsCurrent 4,287us-gaap_AssetsCurrent
Long-term receivables, investments and other long-term assets 1,406us-gaap_LongTermInvestmentsAndReceivablesNet 1,332us-gaap_LongTermInvestmentsAndReceivablesNet
Property, plant and equipment, less accumulated depreciation and depletion (note 2) 35,574us-gaap_PropertyPlantAndEquipmentNet [2] 31,320us-gaap_PropertyPlantAndEquipmentNet [2]
Goodwill 224us-gaap_Goodwill 224us-gaap_Goodwill
Other intangible assets, net 57us-gaap_FiniteLivedIntangibleAssetsNet 55us-gaap_FiniteLivedIntangibleAssetsNet
Total assets (note 2) 40,830us-gaap_Assets 37,218us-gaap_Assets
Current liabilities    
Notes and loans payable (note 12) 1,978us-gaap_DebtCurrent [3] 1,843us-gaap_DebtCurrent [3]
Accounts payable and accrued liabilities (note 11) 3,969us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent [4] 4,518us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent [4]
Income taxes payable 34us-gaap_AccruedIncomeTaxesCurrent 727us-gaap_AccruedIncomeTaxesCurrent
Total current liabilities 5,981us-gaap_LiabilitiesCurrent 7,088us-gaap_LiabilitiesCurrent
Long-term debt (note 14) 4,913us-gaap_LongTermDebtAndCapitalLeaseObligations [5] 4,444us-gaap_LongTermDebtAndCapitalLeaseObligations [5]
Other long-term obligations (note 5) 3,565us-gaap_OtherLiabilitiesNoncurrent [6] 3,091us-gaap_OtherLiabilitiesNoncurrent [6]
Deferred income tax liabilities (note 3) 3,841us-gaap_DeferredTaxLiabilitiesNoncurrent 3,071us-gaap_DeferredTaxLiabilitiesNoncurrent
Total liabilities 18,300us-gaap_Liabilities 17,694us-gaap_Liabilities
Commitments and contingent liabilities (note 9)      
Shareholders' equity    
Common shares at stated value (note 10) 1,566us-gaap_CommonStockValue [7] 1,566us-gaap_CommonStockValue [7]
Earnings reinvested 23,023us-gaap_RetainedEarningsAccumulatedDeficit 19,679us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income (2,059)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (1,721)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total shareholders' equity 22,530us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 19,524us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and shareholders' equity 40,830us-gaap_LiabilitiesAndStockholdersEquity 37,218us-gaap_LiabilitiesAndStockholdersEquity
[1] Cash is composed of cash in bank and cash equivalents at cost. Cash equivalents are all highly liquid securities with maturity of three months or less when purchased.
[2] Includes property, plant and equipment under construction of $12,535 million (2013 - $9,234 million).
[3] Notes and loans payable includes amounts to related parties of $75 million (2013 - $75 million), (note 16).
[4] Accounts payable and accrued liabilities include amounts payable to related parties of $174 million (2013 - $170 million), (note 16).
[5] Long-term debt includes amounts to related parties of $4,746 million (2013 - $4,316 million), (note 16).
[6] Other long-term obligations include amounts to related parties of $96 million (2013 - nil), (note 16).
[7] Number of common shares outstanding was 848 million (2013 - 848 million), (note 10).