Oil Pipeline Uniform Accounting Regulations

2 In these Regulations,

Board

Board means the National Energy Board; (Office)

book cost

book cost means, in respect of plant, the amount that is recorded in a plant account without any deduction for accumulated depreciation or amortization or for any other purpose; (valeur comptable)

contingent assets

contingent assets means assets without known value to the company until fulfilment of conditions regarded as uncertain; (actif éventuel)

contingent liabilities

contingent liabilities means liabilities that may, under certain conditions, become obligations of the company but are not direct or assumed obligations on the date of the balance sheet; (passif éventuel)

fiscal year

fiscal year means, in relation to the accounts of a company, the calendar year or the fiscal year approved by the Board for the accounts of the company; (exercice financier)

minor item of plant

minor item of plant means an associated part or item included within a plant unit; (article d’installation accessoire)

net salvage value

net salvage value means salvage value minus any removal costs; (valeur nette de récupération)

operator

operator means a company authorized by the Board to construct or operate an oil pipeline that is owned in undivided interest; (exploitant)

other plant

other plant means any installation or property that is entirely distinct from and is not operated in connection with the transportation plant of the company; (autre installation)

plant

plant means, in respect of an oil pipeline company, any installation or property the cost of which is to be recorded in the Plant Accounts listed in Schedule II; (installation)

plant retired

plant retired means

• (a) a unit of plant, whether it is replaced or not, or

• (b) plant classified as a minor item of plant that is not replaced,

that is sold, abandoned, demolished, dismantled or otherwise withdrawn from transportation service; (installation réformée)

plant unit

plant unit means a complete structure, apparatus or item of equipment that constitutes a component of any installation or property that could properly be included in the plant accounts listed in Schedule II and includes a part of any structure or apparatus where such part is a physically distinct part of such structure or apparatus and the value of such part is material; (unité d’installation)

salvage value

salvage value means the amount received for plant retired, including insurance proceeds, and includes any amount received for material salvaged from plant retired where the material is sold; (valeur de récupération)

transportation plant

transportation plant means plant used for any aspect of pipeline operations or plant held for use under a definite plan for future oil pipeline operations; (installation de transport)

undivided interest

undivided interest means a beneficial ownership in common of the assets, liabilities, revenues and expenses of an oil pipeline by two or more companies or persons. (copropriété indivise)