Q: Do you have any insight on the topic of the real estate holdings of this company? I know they sold an impressive tract of oceanfront property in Greater Vancouver in recent years, and a gas station site next to a Skytrain hub is being converted to a high density apartment project.
I'm unsure if accounting rules still show that real estate is to be carried on the books of a company at the original cost. I'm also wondering what percentage of gas station sites and other land holdings are company-owned or leased by Imperial Oil. Thank you for anything you can offer toward gaining an understanding of these real estate values.
I'm unsure if accounting rules still show that real estate is to be carried on the books of a company at the original cost. I'm also wondering what percentage of gas station sites and other land holdings are company-owned or leased by Imperial Oil. Thank you for anything you can offer toward gaining an understanding of these real estate values.