SaskEnergy Third Quarter Report - December 31, 2020

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Three Months Ended December 31, 2020

For the Three Months Ended December 31, 2019

Income before Unrealized Market Value Adjustments

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 9)

Unrealized Market Value Adjustments (Note 9)

Total

Total

Notes

(millions)

Revenue Natural gas sales

$

86 86 46

$

3

$

83 86 46

$

102

$

(1)

$

101

10 11 12

- - -

90 47

- - -

90 47

Delivery

Transportation and storage Customer capital contributions

8

8

8

8

226

3

223

247

(1)

246

Expenses Natural gas purchases (net of change in inventory)

94 24 43 29

15

79 24 43 29

92 25 40 28

4

96 25 40 28

10

- - - - -

- - - - -

Employee benefits

Operating and maintenance Depreciation and amortization

3 2

3 2

3 1

3 1

Saskatchewan taxes

Impairment loss on trade and other receivables

15

195

180

189

4

193

31

(12)

Net income before the following

43

58

(5)

53

1

- - -

1

1

- - -

1

Finance income Finance expenses Net finance expenses

13 13 13

(15) (14)

(15) (14)

(15) (14)

(15) (14)

$

$

(12)

17

Total net income (loss)

$

29

$

44

$

(5)

$

39

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

-

-

-

-

(1)

(1)

$

Comprehensive income (loss)

$

29

$

(12)

17

$

44

$

(6)

$

38

(See accompanying notes)

2020-21 Third Quarter Report

18

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