Oil Pipeline Uniform Accounting Regulations (C.R.C., c. 1058)

Regulations are current to 2017-11-20

SCHEDULE VI(ss. 6, 12 and 46)

INDEX OF ACCOUNTS

Operating Expense Accounts

Gathering LinesTrunk Lines
610710Maintenance
610-1710-1Salaries and wages
610-3710-3Materials and supplies
610-4710-4Outside services
610-5710-5Other expenses
610-7710-7Equalization — plant
620720Transportation
620-1720-1Salaries and wages
620-2720-2Operating fuel and power
620-3720-3Materials and supplies
620-4720-4Outside services
620-5720-5Other expenses
620-8720-8Oil loss
630730General
630-1730-1Salaries and wages
630-3730-3Materials and supplies
630-4730-4Outside services
630-5730-5Other expenses
630-9730-9Law expenses
630-10730-10Rent
630-11730-11Injuries to persons and property damage
630-13730-13Employee benefits
630-14730-14Insurance
630-15730-15Bad debts
630-16730-16Taxes other than income taxes

Text Pertaining to Operating Expense Accounts

General

  • 1 The total of the balances in the operating expense accounts shall equal the balance in income account 411 (Operating Expenses).

  • 2 The following account text instructions are given in detail only for the accounts in the gathering lines group.

Gathering Lines

  • 610 Maintenance

    This account shall include the total of the balances recorded in accounts 610-1 to 610-7.

  • 610-1 Salaries and Wages

    This account shall include the salaries and wages, including holiday and sick leave pay, for personnel directly engaged in the maintenance of transportation plant.

  • 610-3 Materials and Supplies

    • (1) This account shall include the cost of materials and supplies used in the maintenance of transportation plant.

    • (2) The salvage value of materials recovered in maintenance work shall be credited to this account.

  • 610-4 Outside Services

    • (1) This account shall include the cost of maintenance services provided by persons other than company employees, under contract, agreement or other arrangement.

    • (2) The cost of services performed by affiliated companies shall be segregated within this account.

  • 610-5 Other Expenses

    This account shall include maintenance expenses not provided for in other accounts under the Regulations.

  • 610-7 Equalization — Plant

    This account shall include the difference between actual and budgeted maintenance expenses: (See Regulations, section 47).

  • 620 Transportation

    This account shall include the total of the balances recorded in accounts 620-1 to 620-8.

  • 620-1 Salaries and Wages

    This account shall include the salaries and wages, including holiday and sick leave pay, for employees of the company directly engaged in transportation operations.

  • 620-2 Operating Fuel and Power

    This account shall include

    • (a) the cost of fuel and power consumed in operations; and

    • (b) the cost of normal utilities services where the cost is directly attributable to operations.

  • 620-3 Materials and Supplies

    This account shall include the cost of materials and supplies consumed in transportation operations.

  • 620-4 Outside Services

    • (1) This account shall include the cost of transportation services provided by persons other than company employees, under contract, agreement or other arrangement.

    • (2) The cost of services performed by affiliated companies shall be segregated within this account.

  • 620-5 Other Expenses

    This account shall include transportation expenses not provided for in other accounts under the Regulations.

  • 620-8 Oil Loss

    This account shall include

    • (a) the value of oil and oil products lost in the course of transportation or during storage;

    • (b) gain or loss on sale of oil that is recorded in account 9 (Oil Inventory) or account 33 (Operating Oil Supply); and

    • (c) the net debits, if any, at balance sheet date in account 505 or 555 (Allowance Oil Revenue): (See Regulations, sections 81 and 82).

  • 630 General

    This account shall include the total of the balances recorded in accounts 630-1 to 630-16.

  • 630-1 Salaries and Wages

    This account shall include the salaries and wages, including holiday and sick leave pay, for executives, general officers, general office personnel and other employees whose salaries and wages cannot be directly allocated to maintenance or transportation accounts.

  • 630-3 Materials and Supplies

    This account shall include the cost of materials and supplies used for administration and general services by the company.

  • 630-4 Outside Services

    This account shall include the fees and expenses of professional consultants and other outside parties for general services.

  • 630-5 Other Expenses

    This account shall include

    • (a) expenses of aircraft and vehicles used for general purposes;

    • (b) travel and other expenses of general employees and officers;

    • (c) utility services; and

    • (d) all other incidental general expenses not provided for in other accounts under the Regulations.

  • 630-9 Law Expenses

    This account shall include

    • (a) the pay and expenses of the law department of the company not provided for in other accounts under the Regulations;

    • (b) the fees, costs and expenses of lawsuits; and

    • (c) the payments of special law fees.

  • 630-10 Rent

    This account shall include rents payable in respect of leased plant used in pipeline service and not provided for in other accounts under the Regulations.

  • 630-11 Injuries to Persons and Property Damage

    This account shall include all expenses, except law expenses, incurred as a result of injury to or the death of an employee or other person or damage to or destruction of the property of others.

  • 630-13 Employee Benefits

    This account shall include

    • (a) the cost to the company of annuities and pensions for active or retired employees, their beneficiaries or designees;

    • (b) contributions to health or welfare funds or payments for similar benefits to or on behalf of employees; and

    • (c) premiums, to the extent borne by the company, for group life, health, accident and other beneficial insurance for employees: (See text of account 70 (Welfare and Pension Appropriations)).

  • 630-14 Insurance

    • (1) This account shall include premiums payable to insurance companies against any loss that may be sustained by the company.

    • (2) Where the company provides self-insurance, the reserve accrual shall be debited to this account: (See Regulations, section 61).

  • 630-15 Bad Debts

    This account shall be debited with amounts receivable and determined to be uncollectable.

  • 630-16 Taxes Other Than Income Taxes

    This account shall include taxes levied under the laws of Canada or any province other than income taxes and ad valorem taxes on material.

Trunk Lines

  • 710 Maintenance

    This account shall include the total of the balances recorded in accounts 710-1 to 710-7.

  • 710-1 Salaries and Wages

    For the text of this account, see account 610-1.

  • 710-3 Materials and Supplies

    For the text of this account, see account 610-3.

  • 710-4 Outside Services

    For the text of this account, see account 610-4.

  • 710-5 Other Expenses

    For the text of this account, see account 610-5.

  • 710-7 Equalization — Plant

    For the text of this account, see account 610-7.

  • 720 Transportation

    This account shall include the total of the balances recorded in accounts 720-1 to 720-8.

  • 720-1 Salaries and Wages

    For the text of this account, see account 620-1.

  • 720-2 Operating Fuel and Power

    For the text of this account, see account 620-2.

  • 720-3 Materials and Supplies

    For the text of this account, see account 620-3.

  • 720-4 Outside Services

    For the text of this account, see account 620-4.

  • 720-5 Other Expenses

    For the text of this account, see account 620-5.

  • 720-8 Oil Loss

    For the text of this account, see account 620-8.

  • 730 General

    This account shall include the total of the balances recorded in accounts 730-1 to 730-16.

  • 730-1 Salaries and Wages

    For the text of this account, see account 630-1.

  • 730-3 Materials and Supplies

    For the text of this account, see account 630-3.

  • 730-4 Outside Services

    For the text of this account, see account 630-4.

  • 730-5 Other Expenses

    For the text of this account, see account 630-5.

  • 730-9 Law Expenses

    For the text of this account, see account 630-9.

  • 730-10 Rent

    For the text of this account, see account 630-10.

  • 730-11 Injuries to Persons and Property Damage

    For the text of this account, see account 630-11.

  • 730-13 Employee Benefits

    For the text of this account, see account 630-13.

  • 730-14 Insurance

    For the text of this account, see account 630-14.

  • 730-15 Bad Debts

    For the text of this account, see account 630-15.

  • 730-16 Taxes Other Than Income Taxes

    For the text of this account, see account 630-16.

 
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