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2000 May Report of the Commissioner of the Environment and Sustainable Development

May 2000 Report—Chapter 3

Exhibit 3.9—Differences Between Amounts Written Off for Tax Purposes and Book Purposes in the Oil and Gas Industry

 

1991

1992

1993

1994

1995

1996

1997

($ millions)

Physical assets

Amounts written off for tax purposes

3,076

3,629

4,721

4,692

4,732

5,618

5,152

Amounts written off for book purposes

5,115

5,099

5,435

6,018

6,330

6,272

6,382

Difference

(2,039)

(1,470)

(714)

(1,326)

(1,598)

(654)

(1,230)

Exploration and development

Amounts written off for tax purposes

2,829

3,242

3,209

4,756

4,342

5,676

5,418

Amounts written off for book purposes

1,811

1,799

2,268

3,154

2,336

3,021

3,159

Difference

1,018

1,443

941

1,602

2,006

2,655

2,259

 

Source: Statistics Canada