2014 SaskEnergy Annual Report
Cover | 1 |
Table of Contents | 2 |
Financial and Operating Highlights | 3 |
Operating Environment | 4 |
Saskatchewan Nature Gas Prices | 5 |
Commodity Margin | 7 |
Commodity Fair Value Adjustments | 8 |
Asset Optimization Margin | 8 |
Revenue | 9 |
Delivery revenue, transportation and storage revenue, and customer capital contributions, as reported in the condensed consolidated financial statements, were as follows: | 9 |
Transportation and Storage Revenue | 9 |
Customer Capital Contributions | 10 |
Other Expenses | 10 |
Operating and Maintenance | 10 |
Capital Additions | 12 |
Outlook | 13 |
Consolidated Financial Statements | 15 |
Condensed Consolidated Statement of Financial Position | 15 |
Condensed Consolidated Statement of Comprehensive Loss | 16 |
Condensed Consolidated Statement of Comprehensive Loss | 17 |
Condensed Consolidated Statement of Changes in Equity | 18 |
1. General Information | 20 |
2. Basis of Preparation | 20 |
a. Statement of compliance | 20 |
b. Basis of measurement | 20 |
c. Functional and presentation currency | 21 |
d. Use of estimates and judgments | 21 |
4. Natural Gas in Storage Held for Resale | 21 |
5. Financial and Derivative Instruments | 22 |
6. Financial Risk Management | 23 |
a. Natural gas price risk | 23 |
b. Liquidity risk | 24 |
c. Credit risk | 24 |
7. Property, Plant and Equipment | 26 |
8. Lease Liability | 26 |
9. Long-Term Debt | 27 |
10. Commitments and Contingencies | 27 |
a. Commitments | 27 |
b. Contingencies | 28 |
11. Unrealized Market Value Adjustments | 28 |
12. Natural Gas Sales and Purchases | 29 |
13. Delivery Revenue | 30 |
14. Transportation and Storage Revenue | 30 |
15. Net Finance Expenses | 30 |
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