27. Saskatchewan taxes (millions)
2014
2013
Corporate capital tax Property taxes and other
$
8 3
$
8 3
$ 11
$ 11
28. Net finance expenses (millions)
2014
2013
Debt retirement funds earnings
$
4
$
4 7
Change in fair value of debt retirement funds
(7) (3)
Finance income
11
Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions
(3)
(3)
(41)
(45)
(2)
(2)
Borrowing costs capitalized to qualifying assets
2
2
Finance expenses
(44)
(48)
Net finance expenses
$ (47)
$ (37)
Borrowing costs were capitalized to qualifying assets using the weighted average cost of debt of 3.8% during the year (2013 – 4.1%).
29. Other gains (losses) (millions)
2014
2013
Net gain on assets held for sale Loss on impairment of assets Net gain on disposal of assets
$
–
$
3
(2)
(3)
–
1
$ (2)
$
1
In past years other gains (losses) were presented within operating and maintenance expense in the consolidated statement of comprehensive income, however; due to the significance and nature of asset disposals during 2014, they have been presented separately within the consolidated financial statements. The Corporation has also changed the consolidated statement of cash flows to present proceeds on disposals and decommissioning costs separately rather than netting the amounts against each other. Comparative amounts have been reclassified for consistency.
30. Net change in non-cash working capital related to operations (millions)
2014
2013
Trade and other receivables
$ (29)
$
–
Natural gas in storage held for resale
43
56
Inventory of supplies
(1)
–
Trade and other payables
17 18
(6)
Deferred revenue
26
$ 48
$ 76
64
Consolidated Financial Statements
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