Sunoco 2012 Annual Report Download - page 70

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REPORT OF ERNST & YOUNG LLP, INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM ON FINANCIAL STATEMENTS
To the Board of Directors of
Sunoco Partners LLC and Limited Partners of Sunoco Logistics Partners L.P.
We have audited the accompanying consolidated balance sheets of Sunoco Logistics Partners L.P. (the
“Partnership”) as of December 31, 2012 (successor) and 2011 (predecessor), and the related consolidated
statements of comprehensive income, equity, and cash flows for the period from October 5, 2012 to
December 31, 2012 (successor), the period from January 1, 2012 to October 4, 2012 (predecessor) and the years
ended December 31, 2011 and 2010 (predecessor). These financial statements are the responsibility of the
Partnership’s management. Our responsibility is to express an opinion on these financial statements based on our
audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects,
the consolidated financial position of Sunoco Logistics Partners L.P. at December 31, 2012 (successor) and 2011
(predecessor) and the consolidated results of its operations and its cash flows for the period from October 5, 2012
to December 31, 2012 (successor), the period from January 1, 2012 to October 4, 2012 (predecessor) and the
years ended December 31, 2011 and 2010 (predecessor), in conformity with U.S. generally accepted accounting
principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), Sunoco Logistics Partners L.P.’s internal control over financial reporting as of December 31,
2012, based on criteria established in Internal Control—Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission and our report dated March 1, 2013 expressed an
unqualified opinion thereon.
/s/ Ernst & Young LLP
Philadelphia, Pennsylvania
March 1, 2013
68