SaskEnergy Second Quarter Report - September 30, 2024

Consolidated Financial Statements (unaudited)

Condensed Consolidated Statement of Comprehensive Loss

For the Six Months Ended September 30, 2024

For the Six 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

$

72

$

1

$

73

12 13 14

$

133 100 117

$

(7)

$

126 100 117

109 123

- - -

109 123

Delivery

- - -

Transportation and storage Customer capital contributions

15

15

11

11

319

1

320

361

(7)

354

EXPENSES Natural gas purchases (net of change in inventory)

60 60

6

66 60

12

107

7

1 14

- - - -

Employee benefits

54 95 70 11

- - - -

54 95 70 11

102

102

Operating and maintenance Depreciation and amortization

69 11

69 11

Saskatchewan taxes

(Recovery) loss on trade and other receivables

(2)

-

(2)

1

-

1

300

6

306

338

7

345

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

19

(5)

14

23

(14)

9

(38)

- -

(38)

15

(38)

- -

( 38)

(2)

(2)

1

1

$

(21)

$

(5)

$

(26)

$

(14)

$

(14)

$

(28)

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

-

7

7

-

(10)

(10)

COMPREHENSIVE LOSS

$

(21)

$

2

$

(19)

$

(14)

$

(24)

$

(38)

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

17

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