- 13 -
(Thousands of Can$)
Financial
OMT Statement OMT Nonrecoverable Processing
Year Profit Net Income Depreciation Expenses Allowance
1968 56,814 68,843 11,710 8,712 10,026
1969 47,423 61,049 12,384 10,793 8,368
1970 46,834 62,730 14,509 10,203 8,264
1971 32,033 49,479 16,057 11,705 6,032
1972 33,559 43,844 9,100 23,000 17,843
1973 99,548 109,706 9,591 31,809 22,985
1974 109,383 162,537 32,503 32,400 37,973
1975 34,737 90,809 30,081 21,042 42,622
1976 32,529 79,506 16,296 25,545 60,411
1977 100 39,515 54,147 27,245 185
1978 6,521 38,610 57,843 38,378 12,111
1979 51,742 130,249 6,755 39,827 96,092
1980 78,181 199,546 14,636 60,128 145,194
Total 629,404 1,136,423 285,612 340,787 468,106
The nonrecoverable expenses are as follows:
Financial Other Non-
Statement Private recoverable
Year Depreciation Interest Royalties Expenses Total
1968 5,188 -0- 3,249 275 8,712
1969 5,589 -0- 2,959 2,245 10,793
1970 4,213 146 5,425 419 10,203
1971 4,089 4,031 3,074 511 11,705
1972 6,757 12,072 2,787 1,384 23,000
1973 9,577 15,590 5,011 1,631 31,809
1974 8,246 11,879 8,639 3,636 32,400
1975 6,553 8,289 5,037 1,163 21,042
1976 8,221 10,769 3,428 3,127 25,545
1977 7,771 14,820 485 4,169 27,245
1978 10,993 21,521 2,451 3,413 38,378
1979 8,321 24,009 2,569 4,928 39,827
1980 9,937 30,688 10,743 8,760 60,128
Total 95,455 153,814 55,857 35,661 340,787
F. Comparison of Processing Allowances and Nonrecoverable
Expenses for Other OMT Taxpayers
From 1968 to 1980, the processing allowance exceeded
nonrecoverable expenses for most OMT taxpayers. For those years,
total processing allowances claimed by OMT taxpayers were more
than three times greater than nonrecoverable expenses. Total
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