2020-21 SaskEnergy Annual Report

Consolidated Financial Statements

CONSOLIDATED STATEMENT OF CASH FLOWS For the years ended March 31

(millions)

Notes

2021

2020

OPERATING ACTIVITIES Net income Add (deduct) items not requiring an outlay of cash

$

81

$

43

(15) (7) 117 55 - (1) - 230 (26) 204

30

20 20

Net change in fair value of derivative instrument assets and liabilities Change in revaluation of natural gas in storage to net realizable value Depreciation and amortization Net finance expenses

(7)

109 55 5 16

25 26 26

Net loss on impairment of assets Net (gain) loss on disposal of assets Other non-cash items

(3)

248 22 270

Net change in non-cash working capital related to operations

Cash provided by operating activities

INVESTING ACTIVITIES

Additions to intangible assets Additions to property, plant and equipment Net proceeds on disposal of assets Decommissioning costs

(14) (212) 1 (10) (235)

(13) (316) 1 (13) (341)

Cash used in investing activities

FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments

12 (13) - (15) 160 (34) (7) (57) (16)

4 (11) 19 -

7 7

Proceeds from short-term debt Repayment of short-term debt Proceeds from long-term debt Repayment of long-term debt Repayment of principal on lease liability Interest paid Dividends paid Cash provided by financing activities

212

18 18 16

(33) (5) (55) (65)

30

66

DECREASE IN CASH AND CASH EQUIVALENTS

(1)



(5)



CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR

1

6

CASH AND CASH EQUIVALENTS, END OF YEAR

-

$

$

1

(See accompanying notes)

p.51

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