2023-24 SaskEnergy Annual Report

Consolidated Financial Statements

Consolidated Statement of Income and Comprehensive Income For the years ended March 31

2024

2023

Income Before Unrealized Market Value Adjustments

Income Before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 21)

Unrealized Market Value Adjustments (Note 21)

(millions)

Notes

Total

Total

REVENUE Natural gas sales

$

366 $

(5) $

361 $ 638 $

22 23 24

39 $

677 313 235

304 236

- - -

304 236

Delivery

313 235

- - -

Transportation and storage Customer capital contributions

28

28

57

57

934

(5)

929

1,243

39

1,282

EXPENSES Natural gas purchases (net of change in inventory)

312 119 206 140

29

341 119 206 140

22

564 109 198 146

105

669 109 198 146

- - - -

Employee benefits

- - - -

Operating and maintenance Depreciation and amortization

19

19

Saskatchewan taxes Loss on trade and other receivables

25

18

18

-

-

-

7

-

7

796

29

825

1,042

105

1,147

NET INCOME (LOSS) BEFORE THE FOLLOWING

138

(34)

104

201

(66)

135

3

- - - -

3

Finance income Finance expenses

26 26 26 27

2

- - - -

2

(81) (78)

(81) (78)

(75) (73)

(75) (73)

NET FINANCE EXPENSES

(5)

(5)

Other net losses

(2)

(2)

$

55 $

(34) $

21 $

126 $

(66) $

60

TOTAL NET INCOME (LOSS) ITEMS THAT MAY BE RECLASSIFIED TO NET INCOME (LOSS) Change in fair value of debt retirement funds designated as fair value through other comprehensive income

-

(1)

(1)

7,21

-

(2)

(2)

COMPREHENSIVE INCOME (LOSS)

$

55 $

(35) $

20 $

126 $

(68) $

58

(See accompanying notes)

57

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