SaskEnergy Third Quarter Report - December 31, 2016

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Nine Months Ended December 31, 2016

For the Nine Months Ended December 31, 2015

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 8)

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 8)

Total

Total

(millions)

Notes

Revenue Natural gas sales

$

238 154

$

(18)

$

220 154

9

$

276 135

$

(11)

$

265 135

- - - -

Delivery

- - - -

99 17

99 17

Transportation and storage Customer capital contributions

90 35

90 35

7

7

Other

9

9

515

(18)

497

545

(11)

534

Expenses Natural gas purchases (net of change in inventory)

212

(115)

97 62 95 71

9

240

(6)

234

62 95 71

- - - -

Employee benefits

66 90 66

- - - -

66 90 66

Operating and maintenance Depreciation and amortization

9

9

Saskatchewan taxes

9

9

449

(115)

334 163

471

(6) (5)

465

Income before the following

66

97

74

69

2

(1)

1

Finance income Finance expenses

2

(4)

(2)

(36) (34)

-

(36) (35)

(39) (37)

-

(39) (41)

Net finance expenses

(1)

(4)

3

-

3

Other gains

2

-

2

Total net income and comprehensive income

$

35

$

96

$

131

$

39

$

(9)

$

30

(See accompanying notes)

14

2016-17 THIRD QUARTER REPORT

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