Investment and other income included gains and losses on asset
sales as follows:
|
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|
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|
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| |
|
Third Quarter |
|
|
Nine
Months
to September 30 |
|
|
millions of Canadian
dollars |
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
|
Proceeds from asset sales
|
|
|
1,194 |
|
|
|
28 |
|
|
|
1,244 |
|
|
|
118 |
|
|
Book value of assets sold (a)
|
|
|
285 |
|
|
|
(1 |
) |
|
|
292 |
|
|
|
38 |
|
|
Gain (loss) on asset sales, before tax (b)
|
|
|
909 |
|
|
|
29 |
|
|
|
952 |
|
|
|
80 |
|
|
Gain (loss) on asset sales, after tax (b)
|
|
|
774 |
|
|
|
26 |
|
|
|
808 |
|
|
|
65 |
|
| (a) |
Third quarter ended September 30,
2015, included a post close adjustment relating to conventional
assets divested in 2014. |
| (b) |
Third quarter and nine months ended
September 30, 2016, included gains of $0.8 billion ($0.7 billion,
after tax) from the sale of company-owned Esso retail sites in
British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec,
Nova Scotia and Newfoundland. The sale and transition of the
company’s remaining sites are anticipated to close by
year-end 2016 (note 10). |
|