SaskEnergy Third Quarter Report - December 31, 2018

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Nine Months Ended December 31, 2018

For the Nine Months Ended December 31, 2017

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

9

$

299 179 118

$

- - - - - -

$

299 179 118

$

288 170 102

$

2

$

290 170 102

Delivery

10 11

- - - -

Transportation and storage Customer capital contributions

20

20

15

15

Other

4

4

5

5

620

620

580

2

582

Expenses Natural gas purchases (net of change in inventory)

9

261

(27)

234

251

(5)

246

Employee benefits

64

- - - -

64

60

- - - -

60

Operating and maintenance Depreciation and amortization

112

112

100

100

74 11

74 11

74 10

74 10

Saskatchewan taxes

522

(27)

495 125

495

(5)

490

Income before the following

98

27

85

7

92

Finance income Finance expenses

2

- - -

2

2

- - -

2

(40) (38)

(40) (38)

(38) (36)

(38) (36)

Net finance expenses

Other gains

13

-

13

8

-

8

Total net income

$

73

$

27

$

100

$

57

$

7

$

64

Items that cannot be reclassified back to profit or loss

Change in fair value of debt retirement funds designated as FVOCI

-

(1)

(1)

-

1

1

Comprehensive income

$

73

$

26

$

99

$

57

$

8

$

65

14

2018-19 THIRD QUARTER REPORT

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