Notes to the Consolidated Financial Statements
25. Saskatchewan Taxes (millions)
2024
2023
$
15 $
Corporate capital tax Property taxes and other
14
4
4
$
19 $
18
26. Net Finance Expenses (millions) Debt retirement funds earnings
2024
2023
$
3 $
2 2
3
Finance income
(10) (66)
Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions
(9)
(61)
(6)
(5)
1
Borrowing costs capitalized to qualifying assets
-
(81)
Finance expenses
(75) (73)
$
(78) $
Net finance expenses
Borrowing costs were capitalized to qualifying assets using the weighted average cost of debt of 3.9 per cent during the period (2023 - 3.7 per cent). 27. Other Net Losses (millions) 2024 2023 Loss on impairment of assets $ (3) $ - Other net losses on disposal of assets (2) (2) $ (5) $ (2) Included in other net losses on disposal of assets is a gain resulting from the sale of land and building assets at one of the Corporation’s construction facilities. 28. Related Party Transactions Balances and transactions between SaskEnergy and its wholly owned subsidiaries, which are related parties of SaskEnergy, have been eliminated upon consolidation and are not disclosed in this note. Details of transactions between the Corporation and other related parties are disclosed below. a. Transactions with key management personnel Key management personnel include directors and executive officers. The compensation paid to key management for employee services is as follows: (millions) 2024 2023 Short-term benefits $ 3 $ 3
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