SaskEnergy 2024-25 Annual Report

Consolidated Financial Statements

Consolidated Statement of Income and Comprehensive Income For the year ended March 31 2025

2024

Income before Unrealized

Income before Unrealized

Unrealized Market Value Adjustments (Note 19)

Unrealized Market Value Adjustments (Note 19)

Market Value Adjustments

Market Value Adjustments

(millions)

Notes

Total

Total

REVENUE Natural gas sales

$

310 $

(1) $

309 $

20 21 22

366 $

(5) $

361 304 236

324 249

- - -

324 249

Delivery

304 236

- - -

Transportation and storage Customer capital contributions

40

40

28

28

923

(1)

922

934

(5)

929

EXPENSES Natural gas purchases (net of change in inventory)

245 126 226 141

(9)

236 126 226 141

20

312 119 206 140

29

341 119 206 140

- - - -

Employee benefits

- - - -

Operating and maintenance Depreciation and amortization

19

19

Saskatchewan taxes Recovery on trade and other receivables

23

19

19

(1)

-

(1)

-

-

-

756

(9)

747

796

29

825

NET INCOME BEFORE THE FOLLOWING

167

8

175

138

(34)

104

6

- - - -

6

Finance income Finance expenses

24 24

3

- - - -

3

(82) (76)

(82) (76)

(81) (78)

(81) (78)

NET FINANCE EXPENSES

(9)

(9)

Other net losses

25

(5)

(5)

TOTAL NET INCOME

$

82 $

8 $

90 $

55 $

(34) $

21

ITEMS THAT MAY BE RECLASSIFIED TO NET INCOME

Change in fair value of debt retirement funds designated as fair value through other comprehensive income COMPREHENSIVE INCOME

-

6

6

6,19

-

(1)

(1)

$

82 $

14 $

96 $

55 $

(35) $

20

(See accompanying notes)

55

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