SaskEnergy Second Quarter Report - September 30, 2023

Consolidated Financial Statements (unaudited)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended September 30, 2023

For the Three Months Ended September 30, 2022

Income before Unrealized Market Value Adjust- ments

Income before Unrealized Market Value Adjust- ments

Unrealized Market

Unrealized Market

Value Adjust- ments (Note 12)

Value Adjust- ments (Note 12)

Total

Total

(millions)

Notes

REVENUE Natural gas sales

13 14 15

$

60 43 58

$

(3)

$

57 43 58

$

122

$

(1)

$

121

Delivery

- - -

43 61

- - -

43 61

Transportation and storage Customer capital contributions

7

7

5

5

168

(3)

165

231

(1)

230

EXPENSES Natural gas purchases (net of change in inventory)

13

50 26 47 35

(6)

44 26 47 35

100

(18)

82 24 44 31

Employee benefits

- - - - -

24 44 31

- - - - -

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

6 1

6 1

7 1

7 1

Loss on trade and other receivables

165

(6)

159

207

(18)

189

NET INCOME BEFORE THE FOLLOWING Net finance expenses

3

3

6

24

17

41

16

(19)

- -

(19)

(18)

- -

(18)

Other gains

2

2

1 7

1

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

$

(14)

$

3

$

(11)

$

$

17

$

24

-

(9)

(9)

-

-

-

COMPREHENSIVE (LOSS) INCOME

$

(14)

$

(6)

$

(20)

$

7

$

17

$

24

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

16

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