SaskEnergy First Quarter Report - June 30, 2019

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Three Months Ended June 30, 2019

For the Three Months Ended June 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

11 12 13

$

55 54 46

$

5

$

60 54 46

$

88 52 37

$

(3)

$

85 52 37

Delivery

- - - -

- - - -

Transportation and storage Customer capital contributions

9

9

3 2

3 2

Other

-

-

164

5

169

182

(3)

179

Expenses Natural gas purchases (net of change in inventory)

11

49 24 37 26

17

66 24 37 26

82 22 32 25

(9)

73 22 32 25

Employee benefits

- - - -

- - - -

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

3

3

3

3

139

17

156

164

(9)

155

Net income before the following

25

(12)

13

18

6

24

Finance income Finance expenses

14 14 14

1

- - -

1

1

- - -

1

(14) (13)

(14) (13)

(13) (12)

(13) (12)

Net finance expenses

Total net income

$

12

$

(12)

$

-

$

6

$

6

$

12

Items that may be reclassified back to profit or loss

Change in fair value of debt retirement funds designated as FVOCI

-

2

2

-

-

-

Comprehensive income

$

12

$

(10)

$

2

$

6

$

6

$

12

(See accompanying notes)

14

2019-20 FIRST QUARTER REPORT

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