SaskEnergy Second Quarter Report - September 30, 2023

Consolidated Financial Statements (unaudited)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the Six Months Ended September 30, 2023

For the Six 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

$

133 100 117

$

(7)

$

126 100 117

$

266 100 118

$

16

$

282 100 118

Delivery

- - -

- - -

Transportation and storage Customer capital contributions

11

11

10

10

361

(7)

354

494

16

510

EXPENSES Natural gas purchases (net of change in inventory)

13

107

7

114

236

1

237

Employee benefits

54 95 70 11

- - - - -

54 95 70 11

51 89 62 11

- - - - -

51 89 62 11

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

Loss on trade and other receivables

1

1

1

1

338

7

345

450

1

451

NET INCOME (LOSS) BEFORE THE FOLLOWING

23

(14)

9

44

15

59

Net finance expenses

16

(38)

- -

(38)

(35)

- -

(35)

Other gains

1

1

1

1

TOTAL NET (LOSS) INCOME

$

(14)

$

(14)

$

(28)

$

10

$

15

$

25

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

-

(10)

(10)

-

(6)

(6)

COMPREHENSIVE (LOSS) INCOME

$

(14)

$

(24)

$

(38)

$

10

$

9

$

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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