Notes to the Consolidated Financial Statements
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12. Short-Term Debt The short-term advances are due to the Government of Saskatchewan’s General Revenue Fund. As at March 31, 2026, the advances have interest rates ranging from 2.2 per cent to 2.4 per cent and mature between April 9, 2026 and July 7, 2026. As at March 31, 2025, the advances had interest rates ranging from 2.6 per cent to 3.1 per cent and matured between April 1, 2025 and June 30, 2025. 13. Trade and Other Payables (millions) 2026 2025 Trade payables $ 96 $ 111 Interest payable 22 21 Other payables 34 60 $ 152 $ 192 14. Unearned Customer Capital Contributions and Government Grants Contract liabilities Contract liabilities are performance obligations the Corporation has not yet performed but has already received consideration from customers. (millions) 2026 2025 Balance, beginning of year $ 59 $ 22 Additions 132 75 Refunds (1) (1) Revenue (62) (37) Balance, end of year $ 128 $ 59 Refund liabilities, which are included within contract liabilities, relate to performance obligations the Corporation has not yet performed, has already received consideration from customers, and expects to refund the consideration to the customer based on actual flow of natural gas exceeding the estimated flows determined at contract inception. Deferred revenue Unearned government grants represent amounts received to compensate the Corporation for the cost of certain items of property, plant and equipment. There are no unfulfilled conditions or other contingencies attached to these government grants. The balance at March 31, 2026 was $5 million (2025 - $5 million).
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