2014 SaskEnergy Annual Report

Corporate Profile

4

Letter of Transmittal

7

Minister’s Message

8

Chair’s Message

9

President’s message

10

Financial and Operating Highlights

13

Corporate Highlights

16

Management’s Discussion & Analysis

19 19 19 25 31 32 34 35 36 36 37 38 39 40 41 42 43 66 66 70 72 80

Introduction

Strategic Scorecard Measures Consolidated Financial Results Liquidity And Capital Resources Risk Management And Disclosure

Critical Accounting Policies And Estimates

Accounting Policy Changes

Consolidated Financial Statements

Management’s Responsibility For Consolidated Financial Statements Management’s Report on Internal Control Over Financial Reporting

Independent Auditor’s Report

Consolidated Statement of Financial Position Consolidated Statement of Comprehensive Income Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements

Corporate Governance

Board of Directors Executive Committee

Corporate Governance Disclosure

Stakeholder Engagement

Glossary of Key Success Measures

82

Supplementary Information

85

2014 Annual Report SaskEnergy

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