SaskEnergy Third Quarter Report - December 31, 2024

Notes to the Consolidated Financial Statements (unaudited)

7.

Property, Plant and Equipment

Transmission

Computer Construction

(millions)

Total

Distribution and Storage Compression Other* Hardware in Progress

COST Balance, April 1, 2023

$

1,963

$

1,789

$

511

$

209

$

24

$

118 245

$ 4,614

Additions Disposals

101

114

10

16

1

487

(4)

(5)

-

(11)

(2)

(2)

(24)

Adjustments Impairments

3

3

2

- -

- - -

- -

8

- -

(2)

(1)

(3)

Transfers

-

-

1

(242)

(241)

Balance, March 31, 2024

2,063

1,899

522

215

23

119 204

4,841

Additions Disposals

86

45

13

31

1

380

(4)

(9)

-

(6)

- - -

(1)

(20)

Adjustments

16

5

1

- -

-

22

Transfers

-

-

-

(176)

(176)

Balance, December 31, 2024

2,161

1,940

536

240

24

146

5,047

ACCUMULATED DEPRECIATION Balance, April 1, 2023

633

639

208

97

17

- - - - - - - -

1,594

Depreciation

46

44

18

8

-

116

Disposals

(4)

(5)

-

(9)

(1)

(19)

Balance, March 31, 2024

675

678

226

96

16

1,691

Transfers

-

-

-

(1)

-

(1)

Depreciation

35

35

15

6

1

92

Disposals

(3)

(9)

-

(5)

-

(17)

Balance, December 31, 2024

707

704

241

96

17

1,765

CARRYING AMOUNTS Balance, March 31, 2024 Balance, December 31, 2024

$ $

1,388 1,454

$ $

1,221 1,236

$ $

296 295

$ $

119 144

$ $

7 7

$ $

119 146

$ 3,150 $ 3,282

*Other is primarily comprised of vehicles and equipment

8.

Lease Liability

Leases are recognized as right-of-use assets and corresponding liabilities at the date at which a leased asset is available for use. Payments for short-term leases and leases of low-value assets are expensed on a straight-line basis and excluded from the lease liability.

As at December 31, 2024

As at March 31, 2024

(millions)

Total future minimum lease payments Less: Future finance charges on leases

$

16

$

14

(1)

(1)

Present value of lease liability

15

13

Less: Current portion of lease liability

(6)

(5)

$

9

$

8

27

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