SaskEnergy Third Quarter Report - December 31, 2022

Consolidated Financial Statements

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Three Months

Ended

For the Three Months

Ended

December 31, 2022

December 31, 2021

Income before Unrealized Market Value Adjust- ments

Income before Unrealized Market Value Adjust- ments

Unrealized Market Value Adjust- ments (Note 12)

Unrealized Market Value Adjust- ments (Note 12)

Total

Total

(millions)

Notes

REVENUE Natural gas sales

$

197 102

$

13

$

210 102

13 14 15

$

141

$

11

$

152

- - -

Delivery

88 53

- - -

88 53

59

59

Transportation and storage Customer capital contributions

8

8

9

9

366

13

379

291

11

302

EXPENSES Natural gas purchases (net of change in inventory)

167

6 6

233

13

129

33

162

27 52 32

- - - -

2 7 5 2 3 2

Employee benefits

24 46 31

- - - -

24 46 31

Operating and maintenance Depreciation and amortization

3

3

Saskatchewan taxes

4

4

Impairment loss on trade and other receivables

4

-

4

2

-

2

285

66

351

236

33

269

NET INCOME (LOSS) BEFORE THE FOLLOWING

81

(53)

2 8

55

(22)

33

(19)

- -

(19)

Net finance expenses

16

(14)

- -

(14)

-

-

Other losses

(1)

(1)

TOTAL NET INCOME (LOSS) ITEMS THAT MAY BE RECLASSIFIED TO NET INCOME (LOSS) Change in fair value of debt retirement funds designated as FVOCI (1)

$

62

$

(53)

$

9

$

40

$

(22)

$

18

-

(1)

(1)

-

1

1

COMPREHENSIVE INCOME (LOSS)

$

62

$

(54)

$

8

$

40

$

(21)

$

19

The accompanying notes are an integral part of the condensed consolidated financial statements (1) Fair value through other comprehensive income (FVOCI)

17

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