Annual Report 2007
Canadian Oil Sands Trust
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statistical summary

($ millions, except as indicated) 2007 2006 2005 2004 2003
Financial          
Revenues, after crude oil purchases and transportation expense 3,250  2,432  1,967  1,352  932 
Operating costs 1,034  907  731  601  515 
Non-production costs 63  70  85  48  38 
Crown royalties 485  232  19  18  12 
Administration 20  17  12 
Insurance
Interest, net 85  98  104  95  68 
Depreciation, depletion and accretion 351  255  198  172  93 
Foreign exchange gain (117) (5) (29) (80) (135)
Future income tax expense (recovery) and other 579  17  (29) 15 
Income (loss) from discontinued operations (1) –  –  – 
Net income 743  834  831  509  310 
Per Trust Unit1 ($) 1.55  1.79  1.81  1.14  0.78 
Cash from operating activities 1,377  1,142  949  594  222 
Per Trust Unit1 ($) 2.87  2.45  2.07  1.33  0.56 
Unitholder distributions 791  512  184  180  170 
Per Trust Unit1 ($) 1.65  1.10  0.40  0.40  0.40 
Capital expenditures 183  300  800  942  786 
Reserves (billions of SCO bbls, net to COS)          
Proved reserves 1.0  1.0  1.0  1.0  1.1 
Proved plus probable reserves 1.8  1.8  1.8  1.8  1.8 
Contingent resources 2.1  1.4  1.4  1.4  1.4 
Prospective resources 0.8  N/A  N/A  N/A  N/A 
Average daily sales (bbls)2 112,298  91,844  75,994  84,575  66,793 
           
Operating netback ($/bbl)          
Net realized selling price, after hedging 79.29  72.56  70.91  43.68  38.23 
Operating costs 25.23  27.07  26.34  19.40  21.12 
Crown royalties 11.83  6.93  0.71  0.58  0.49 
Netback price 42.23  38.56  43.86  23.70  16.62 
Financial ratios          
Net debt to cash from operating activities (times) 0.7  1.1  1.7  2.8  6.4 
Net debt to total capitalization (%) 18.6  24.6  32.8  39.0  40.3 
Return on average productive capital employed (%) 24.7  24.4  37.1  21.5  15.2 
Return on average Unitholders' equity (%) 18.3  22.7  27.6  21.4  20.2 
$/Trust Unit prices1          
High 38.88  38.75  28.60  13.64  9.14 
Low 25.09  24.32  12.42  8.05  6.45 
Close 38.71  32.61  25.20  13.52  9.14 
Trading volume (millions of Trust Units) 373.8  406.6  356.9  389.2  227.1 
Number of Trust Units outstanding (in millions) 479.4  470.9  462.6  457.2  436.0 
1 Trust Unit information has been adjusted to reflect the 5:1 Unit split that occurred on May 3, 2006.
2 The Trust's sales volumes differ from its production volumes due to changes in inventory, which are primarily in-transit pipeline volumes, and are net of purchased crude oil volumes..