15. Trade and other payables (millions)
2014
2013
Trade payables Interest payable Other payables
$ 80
$ 83
9
9
33
25
$ 122
$ 117
16. Long-term debt (millions)
2014
2013
Balance, beginning of year
$ 812
$ 762
Proceeds
–
246
Repayments
(50)
(50)
Balance, end of year
$ 762
$ 958
At year end, the Corporation’s long-term debt consisted of the following: 2014
2013
Principal
Effective Interest
Principal
Effective Interest
Outstanding (millions)
Outstanding (millions)
Rate
Rate
General Revenue Fund 1 - 5 years
$ 259
4.7% 5.4% 8.8% 6.1% 5.0% 4.0%
$ 292
4.0% 4.1% 7.5% 6.4% 5.0% 4.0% 3.9%
6 - 10 years 11 - 15 years 16 - 20 years 21 - 25 years 26 - 30 years 31 plus years
67 75
134 125
110
60 25
25
225
225 100 961
–
–
761
Unamortized debt premium/discount and issue costs
(4)
(8)
757
953
Other long-term debt 26 - 30 years
5
13.5%
5
13.5%
762
958
Less: Current portion of long-term debt
(50)
(50)
$ 712
$ 908
The Corporation’s long-term debt is unsecured. As at December 31, 2014 principal repayments due in each of the next five years were as follows: (millions) 2015 2016 2017 2018 2019
Principal repayments
$ 50
$ 84
$ 76
$
–
$ 83
59
2014 Annual Report SaskEnergy
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