SaskEnergy Second Quarter Report - September 30, 2019

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Six Months Ended September 30, 2019

For the Six Months Ended September 30, 2018

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 10)

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 10)

Total

Total

(millions)

Notes

Revenue Natural gas sales

$

96 95 94 20

$

3

$

99 95 94 20

11 12 13

$

175

$

(6)

$

169

- - - -

Delivery

95 73

- - - -

95 73

Transportation and storage Customer capital contributions

7 4

7 4

Other

-

-

305

3

308

354

(6)

348

Expenses Natural gas purchases (net of change in inventory)

86 43 77 53

30

116

11

162

(23)

139

- - - -

43 77 53

Employee benefits

42 70 53

- - - -

42 70 53

Operating and maintenance Depreciation and amortization

9

9

Saskatchewan taxes

8

8

268

30

298

335

(23)

312

Net income before the following

37

(27)

10

19

17

36

2

- - -

2

Finance income Finance expenses

14 14 14

1

- - -

1

(29) (27)

(29) (27)

(26) (25)

(26) (25)

Net finance expenses

-

-

-

Other gains

13

-

13 24

Total net income

$

10

$

(27)

$

(17)

$

7

$

17

$

Items that may be reclassified back to profit or loss Change in fair value of debt retirement funds designated as FVOCI

-

3

3

-

(2)

(2)

Comprehensive income

$

10

$

(24)

$

(14)

$

7

$

15

$

22

(See accompanying notes)

16

2019-20 SECOND QUARTER REPORT

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