SaskEnergy Second Quarter Report - September 30, 2024

Consolidated Financial Statements (unaudited)

Condensed Consolidated Statement of Comprehensive Loss

For the Three Months Ended September 30, 2024

For the Three Months Ended September 30, 2023

Loss before Unrealized Market Value Adjust- ments

Loss before Unrealized Market Value Adjust- ments

Unrealized Market Value Adjust- ments (Note 11)

Unrealized Market Value Adjust- ments (Note 11)

Total

Total

(millions)

Notes

REVENUE Natural gas sales

$

33 48 61 12

$

(2)

$

31 48 61 12

12 13 14

$

60 43 58

$

(3)

$

57 43 58

- - -

Delivery

- - -

Transportation and storage Customer capital contributions

7

7

154

(2)

152

168

(3)

165

EXPENSES Natural gas purchases (net of change in inventory)

28 28 53 35

(1)

27 28 53 35

12

50 26 47 35

(6)

44 26 47 35

- - - -

Employee benefits

- - - -

Operating and maintenance Depreciation and amortization

6

6

Saskatchewan taxes

6

6

(Recovery) loss on trade and other receivables

(2)

-

(2)

1

-

1

148

(1)

147

165

(6)

159

NET INCOME BEFORE THE FOLLOWING Net finance expenses Other (losses) gains TOTAL NET LOSS

6

(1)

5

3

3

6

(19)

- -

(19)

15

(19)

- -

(19)

(2)

(2)

2

2

$

(15)

$

(1)

$

(16)

$

(14)

$

3

$

(11)

ITEMS THAT MAY BE RECLASSIFIED TO NET LOSS Change in fair value of debt retirement funds designated as FVOCI (1)

-

7

7

-

(9)

(9)

COMPREHENSIVE LOSS

$

(15)

$

6

$

(9)

$

(14)

$

(6)

$

(20)

The accompanying notes are an integral part of the condensed consolidated financial statements (1) Fair value through other comprehensive income (FVOCI)

16

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