SaskEnergy First Quarter Report - June 30, 2017

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Three Months Ended June 30, 2017

For the Three Months Ended June 30, 2016

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 9)

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 9)

Total

Total

(millions)

Notes

Revenue Natural gas sales

10

$

75 46 34

$

7

$

82 46 34

$

54 42 32

$

(14)

$

40 42 32

Delivery

- - - -

- - - -

Transportation and storage Customer capital contributions

2 2

2 2

2 2

2 2

Other

159

7

166

132

(14)

118

Expenses Natural gas purchases (net of change in inventory)

10

67 21 35 24

5

72 21 35 24

48 21 30 23

(68)

(20)

Employee benefits

- - - -

- - - -

21 30 23

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

2

2

2

2

149

5 2

154

124

(68)

56 62

Income before the following

10

12

8

54

Finance income Finance expenses

1

- - -

1

1

3

4

(13) (12)

(13) (12)

(12) (11)

-

(12)

Net finance expenses

3

(8)

Other losses

(6)

-

(6)

-

-

-

Total net (loss) income

$

(8)

$

2

$

(6)

$

(3)

$

57

$

54

Change in fair value of debt retirement funds designated as FVOCI

-

-

Comprehensive (loss) income

$

(6)

$

54

13

2017-18 FIRST QUARTER REPORT

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