- 58 -
1986 Netting Gross
Asset income
ratio Interest Interest ratio �1.861-8(e) �1.861-8(e) �1.861-8(e) Interest
Gross income Foreign GI percent expense income Net interest percent4 (2)(vi)(A) (2)(vi)(B)(1) (2)(vi)(B)(2) apportioned
Kee Leasing Co. $2,013,346 $260,455 4.71 $213,410 $9,844 $203,566 13.00 $26,464 - - $26,464
666 Leasing Co. 7,082,756 3,172,987 18.63 3,907,731 736,783 3,170,948 50.00 1,585,474 - - 1,585,474
670 Leasing Co. 3,533,401 1,496,424 42.66 1,468,580 540,553 928,027 50.00 464,014 - - 464,014
650 Leasing Co. 2,038,955 954,294 0.00 404,732 130,367 274,365 50.00 137,183 - - 137,183
Sun Leasing Co. 6,194,365 2,679,882 0.00 4,532,004 834,601 3,697,403 50.00 1,848,702 - - 1,848,702
Millcreek -
Leasing Co. 1305,752 -83,676 0.53 435,448 662,752 -0- 0.00 -0- - -0-
Tropic Sun Shipping 3,986,919 1,501,298 2.73 644,829 1,148,919 -0- 44.92 -0- - - -0-
Sun Transport, Inc. 79,520,790 21,932,881 20.91 2,356,829 646,275 1,710,554 27.81 475,659 - - 475,659
Sunoco
Overseas, Inc. -108,199 290,314 0.00 211,438 189,663 21,775 100.00 - - 10,888 10,888
Sun Refining &
Marketing Co. 672,597,605 1,095,517 20.27 44,588,973 23,675,379 20,913,594 50.14 - 2,119,593 - 2,119,593
Sun Oil
Trading Co. 13,481,454 4,673,000 0.00 549,406 317,610 231,796 35.50 82,285 - - 82,285
Sun Company Inc. 760,884,991 23,864,572 6.47 157,687,537 937,176 156,750,361 3.14 - 65,067,379 - 65,067,379
Sun Oil Intl. 19,593,916 6,769,393 34.60 7,190,703 12,824,523 -0- 54.58 -0- - - -0-
North Sea
Sun Oil Co. 36,565,327 36,394,917 97.00 28,050,064 1,784,106 26,265,958 799.51 - - 25,871,969 25,871,969
Claymont Investment
Co. 513,112,873 111,203 0.00 217,180,793 505,319,941 -0- 0.04 -0- - - -0-
Total 2,120,804,251 105,113,461 469,422,477 549,758,492 214,168,347 37,689,970
1 Cannot reconcile this amount with the fact that this corporation realized interest income of $646,275 during 1986.
4 Foreign source gross income divided by the excess of total gross income over interest income.
5 It appears that this percentage should be 0.17 percent (i.e., $1,095,517 � ($672,597,605 - $23,675,379)).
6 It appears that this amount should be $5,070,874 (i.e., $156,750,361 x 6.47 percent x 50 percent).
7 Interest income treated as foreign source income. Thus in computing the allocation ratio, 99.51 percent, interest income is removed from both the numerator and the
denominator of the fraction (($36,394,917 - $1,784,106) � ($36,565,327 - $1,784,106)).
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