Nexen Inc. Consolidated Statement of Comprehensive Income


For the Three Years ended December 31, 2008

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Cdn$ millions

2008

2007

2006

1

Net of income tax recovery for the year ended December 31, 2008 of $145 million (2007 — $97 million expense; 2006 — $12 million recovery).

See accompanying notes to Consolidated Financial Statements.

Net Income

1,715

1,086

601

Other Comprehensive Income (Loss),
net of income taxes:

 

 

 

Foreign Currency Translation Adjustment:

 

 

 

Net Gains (Losses) on Investment in
Self-Sustaining Foreign Operations

1,228

(867)

16

Net Gains (Losses) on Debt Hedges of
Self-Sustaining Foreign Operations1

(1,062)

738

(20)

Realized Translation Adjustments Recognized
in Net Income

(7)

(3)

4

Cash Flow Hedges:

 

 

 

Realized Mark-to-Market Gains Recognized
in Net Income

(61)

Other Comprehensive Income (Loss)

159

(193)

 

 

 

 

Comprehensive Income

1,874

893

601