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  1. Oil Pipeline Uniform Accounting Regulations - C.R.C., c. 1058 (SCHEDULE II)

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    INDEX OF ACCOUNTS

    Plant Accounts

    Gathering Lines Trunk Lines General
    109 159 Station oil lines
    111 161 Oil tanks

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    • 108 Pumping Equipment

      • (1) This account shall include the cost of engines, motors, pumps and all other pumping equipment required in the transportation of oil, including installation costs and the cost of any special foundations.

      • (2) The following is a representative list of items of pumping equipment to be included in the account: (See Regulations, section 14)

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        • (i) fuel oil system;

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        • (m) lube oil system;

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        • (o) seal oil system;

    • 109 Station Oil Lines

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    • 110 Other Station Equipment

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      • (2) The following is a representative list of items of other station equipment to be included in the account: (See Regulations, section 14)

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        • (f) fuel and lubricating oil tank;

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        • (i) oil sump system;

        • (j) oil trap;

        • (k) oil treating plant;

    • 111 Oil Tanks

      • (1) This account shall include the cost of tanks used for the storage of crude or product oil and other appurtenances necessary to equip the tanks for such storage.

      • (2) The following is a representative list of items of oil tanks to be included in the account: (See Regulations, section 14)

        • [...]

        • (h) oil tank;

    • 112 Receiving and Delivery Facilities

      • (1) This account shall include the cost of facilities for receiving or delivering oil and oil products to or from vessels, railroad cars and trucks.

      • (2) The following is a representative list of items of receiving and delivery facilities to be included in the account: (See Regulations, section 14)

        • [...]

        • (p) oil tank at dock;

        • (q) oil line pipe and fittings used in connection with receiving and delivery facilities;

    • 113 Communication Systems

      • (1) This account shall include the cost of telephone, telegraph, radio, radar and other communication structures and equipment used wholly or predominantly in oil transportation operations.

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    • 159 Station Oil Lines

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    • 161 Oil Tanks

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    • 185 Vehicles and Other Work Equipment

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      • (2) The following is a representative list of vehicles and other work equipment to be included in the account: (See Regulations, section 14)

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        • (h) gasoline and oil pump, portable;

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  2. Oil Pipeline Uniform Accounting Regulations - C.R.C., c. 1058 (SCHEDULE I)

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    • 9 
      Oil inventory

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    • 33 
      Operating oil supply

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    • 4 Accounts Receivable — Trade

      This account shall include amounts receivable for the transportation, storage and delivery of oil, exclusive of such amounts receivable from affiliated companies.

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    • 9 Oil Inventory

      • (1) This account shall include the balances representing the value of oil owned by the company other than the value of oil used to maintain lines and storage tanks in condition for the transportation of commercial oil.

      • (2) The oil stock referred to in subsection (1) shall be valued at not more than its market value at point of delivery at the balance sheet date. (See Regulations, sections 81 and 82).

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    • 33 Operating Oil Supply

      This account shall include the value of oil owned by the company and used to maintain lines and storage tanks in condition for the transportation of commercial oil. (See Regulations, section 82).

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    • 36 Improvements to Leased Facilities

      • (1) This account shall include the cost of improvements made to facilities leased from others, where the improvements are made for the purpose of oil pipeline operations.

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    • 44 Preliminary Survey and Investigation Costs

      • (1) This account shall be debited with

        • (a) all expenditures for preliminary surveys, plans, investigations and similar items made for the purpose of determining the feasibility of projects for oil pipeline service;

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    • 51 Joint Revenue Payable

      This account shall include the revenue from transportation of oil and oil products that is payable to other parties under a joint tariff, other than revenue recorded in account 53 (Accounts Payable — Affiliated Companies).

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  3. Oil Pipeline Uniform Accounting Regulations - C.R.C., c. 1058 (Section 82)

    • 82 (1) Where the operations of a company have consumed oil that has been accounted for by a debit to account 9 (Oil Inventory), that account shall be credited and account 620-2 or 720-2 (Operating Fuel and Power) shall be debited with the oil at the value of the inventory of oil carried in account 9.

    • (2) Oil lost through line breaks or other extraordinary circumstances shall be accounted for by debiting account 620-8 or 720-8 (Oil Loss) and crediting account 9 (Oil Inventory), and purchases of oil to replenish shortages or losses shall be accounted for by debiting account 9.

    • (3) Where a company requires part of its oil inventory to provide an operating oil supply, account 33 (Operating Oil Supply) shall be debited and account 9 (Oil Inventory) shall be credited with the value of the oil so required and the oil shall be priced at the value at which it is carried in inventory.

    • (4) Sales of oil shall be accounted for by a credit to account 9 (Oil Inventory) or account 33 (Operating Oil Supply), as applicable, and the difference between the selling price and the value at which the oil is recorded in account 9 or 33 shall be debited or credited, as applicable, to account 620-8 or 720-8 (Oil Loss).


  4. Oil Pipeline Uniform Accounting Regulations - C.R.C., c. 1058 (Section 81)

    • 81 (1) A company shall record any amounts earned as a result of its tariff relating to oil allowances covering losses due to shrinkage or other factors.

    • (2) Oil allowances referred to in subsection (1) shall be valued at not more than the market value at point of delivery and shall be debited to account 9 (Oil Inventory) and concurrently shall be credited to account 505 or 555 (Allowance Oil Revenue).

    • (3) Gains in oil allowances resulting from pumping, temperature corrections or other factors shall be debited to account 9 (Oil Inventory) and credited to account 505 or 555 (Allowance Oil Revenue).

    • (4) Shortages in oil allowances shall be debited to account 505 or 555 (Allowance Oil Revenue) and credited to account 9 (Oil Inventory).

    • (5) Where, at balance sheet date, the debits to account 505 or 555 (Allowance Oil Revenue) exceed the credits, the net debit shall be debited to account 620-8 or 720-8 (Oil Loss).


  5. Oil Pipeline Uniform Accounting Regulations - C.R.C., c. 1058 (SCHEDULE II)

    [...]

    INDEX OF ACCOUNTS

    Plant Accounts

    Gathering Lines Trunk Lines General
    109 159 Station oil lines
    111 161 Oil tanks

    [...]

    • [...]

    • 108 Pumping Equipment

      • (1) This account shall include the cost of engines, motors, pumps and all other pumping equipment required in the transportation of oil, including installation costs and the cost of any special foundations.

      • (2) The following is a representative list of items of pumping equipment to be included in the account: (See Regulations, section 14)

        • [...]

        • (i) fuel oil system;

        • [...]

        • (m) lube oil system;

        • [...]

        • (o) seal oil system;

    • 109 Station Oil Lines

      [...]

    • 110 Other Station Equipment

      • [...]

      • (2) The following is a representative list of items of other station equipment to be included in the account: (See Regulations, section 14)

        • [...]

        • (f) fuel and lubricating oil tank;

        • [...]

        • (i) oil sump system;

        • (j) oil trap;

        • (k) oil treating plant;

    • 111 Oil Tanks

      • (1) This account shall include the cost of tanks used for the storage of crude or product oil and other appurtenances necessary to equip the tanks for such storage.

      • (2) The following is a representative list of items of oil tanks to be included in the account: (See Regulations, section 14)

        • [...]

        • (h) oil tank;

    • 112 Receiving and Delivery Facilities

      • (1) This account shall include the cost of facilities for receiving or delivering oil and oil products to or from vessels, railroad cars and trucks.

      • (2) The following is a representative list of items of receiving and delivery facilities to be included in the account: (See Regulations, section 14)

        • [...]

        • (p) oil tank at dock;

        • (q) oil line pipe and fittings used in connection with receiving and delivery facilities;

    • 113 Communication Systems

      • (1) This account shall include the cost of telephone, telegraph, radio, radar and other communication structures and equipment used wholly or predominantly in oil transportation operations.

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    • 159 Station Oil Lines

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    • 161 Oil Tanks

      [...]

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    • 185 Vehicles and Other Work Equipment

      • [...]

      • (2) The following is a representative list of vehicles and other work equipment to be included in the account: (See Regulations, section 14)

        • [...]

        • (h) gasoline and oil pump, portable;

    [...]


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