SaskEnergy First Quarter Report - June 30, 2020

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Three Months Ended June 30, 2020

For the Three Months Ended June 30, 2019

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 9)

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 9)

Total

Total

(millions)

Notes

Revenue Natural gas sales

10 11 12

$

62 58 47

$

(2)

$

60 58 47

$

55 54 46

$

5

$

60 54 46

Delivery

- - -

Transportation and storage Customer capital contributions

2

2

9

9

169

(2)

167

164

5

169

Expenses Natural gas purchases (net of change in inventory)

10

65 25 38 29

(14)

51 25 38 29

49 24 37 26

17

66 24 37 26

Employee benefits

- - - - -

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

3 2

3 2

3

3

Impairment loss on trade and other receivables

-

-

162

(14)

148

139

17

156

Net income before the following

7

12

19

25

(12)

13

Finance income Finance expenses

13 13 13

2

2

1

- - -

1

(15) (13)

(15) (13)

(14) (13)

(14) (13)

Net finance expenses

-

Other gains

2

-

2 8

-

-

- -

Total net (loss) income

$

(4)

$

12

$

$

12

$

(12)

$

Items that may be reclassified back to profit or loss

Change in fair value of debt retirement funds designated as FVOCI

-

5

5

-

2

2

Comprehensive (loss) income

$

(4)

$

17

$

13

$

12

$

(10)

$

2

(See accompanying notes)

2020-21 First Quarter Report

17

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