2023-24 SaskEnergy Annual Report

2023-24 SaskEnergy Annual Report


Introduction
22

Strategic Scorecard Measures
23

Operating Environment
33

Consolidated Financial Results
34

Liquidity and Capital Resources
42

Capital Additions
43

Outlook
44

Risk Management and Disclosure
45

Critical Accounting Policies and Estimates
49

Accounting Policy Changes
50

Management’s Responsibility for Financial Statements
52

Management’s Report on Internal Control Over Financial Reporting
53

Independent Auditor’s Report
54

Consolidated Statement of Financial Position
56

Consolidated Statement of Income and Comprehensive Income
57

Consolidated Statement of Changes in Equity
58

Consolidated Statement of Cash Flows
59

1. General Information
60

2. Basis of Preparation
60

3. Summary of Material Accounting Policy Information
61

4. Capital Management
73

5. Trade and Other Receivables
74

6. Natural Gas in Storage Held for Resale
75

7. Debt Retirement Funds
75

8. Financial and Derivative Instruments
75

9. Financial Risk Management
77

10. Assets Held For Sale
80

11. Right-of-Use Assets
81

12. Intangible Assets
82

13. Property, Plant and Equipment
83

14. Short-Term Debt
84

15. Trade and Other Payables
84

16. Unearned Customer Capital Contributions and Government Grants
84

17. Lease Liability
85

18. Provisions
85

19. Long-Term Debt
86

20. Commitments and Contingencies
87

21. Unrealized Market Value Adjustments
87

22. Natural Gas Sales and Purchases
88

23. Delivery Revenue
88

24. Transportation and Storage Revenue
88

25. Saskatchewan Taxes
89

26. Net Finance Expenses
89

27. Other Net Losses
89

28. Related Party Transactions
89

29. Subsequent Events
90

Our Business
5

Corporate Profile
6

Letter of Transmittal
7

Chair’s Message
8

President’s Message
9

Looking Back at 2023-24
12

Our Sustainability Framework
15

Financial and Operating Highlights
16

Management’s Discussion and Analysis
22

Consolidated Financial Statements
51

Notes to the Consolidated Financial Statements
60

Corporate Governance
92

Supplementary Information
94

Glossary of Key Success Measures
96

Saskatchewan Natural Gas Transmission Lines
99

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