Notes to the Consolidated Financial Statements
11. Property, Plant and Equipment
Transmission and Storage Compression
Computer Hardware
Construction in Progress
(millions)
Total
Distribution
Other
COST Balance, April 1, 2023 $ 1,963 $ 1,789 $
118 $ 4,614
511 $
209 $
24 $
487
Additions Disposals
101
114
10
16
1
245
(24)
(4)
(5)
-
(11)
(2)
(2)
8
Adjustments Impairments
3
3
2
- -
- - -
- -
(3)
- -
(2)
(1)
(241)
Transfers
-
-
1
(242)
4,841
Balance, March 31, 2024
2,063
1,899
522
215
23
119 328
571
Additions Disposals
133
57
17
35
1
(26)
(4)
(11)
(3)
(7)
- - - -
(1)
32
Adjustments Impairments
20
6
4
2
- -
(5)
- -
(1)
(4)
- -
(243)
Transfers
-
-
(243)
5,170
Balance, March 31, 2025
2,212
1,950
536
245
24
203
ACCUMULATED DEPRECIATION Balance, April 1, 2023
1,594
633
639
208
97
17
- - - - - - - -
116
Depreciation
46
44
18
8
-
(19)
Disposals
(4)
(5)
-
(9)
(1)
1,691
Balance, March 31, 2024
675
678
226
96
16
123
Depreciation Adjustments
49
46
20
8 2
- - -
3
1
-
-
(24)
Disposals
(4)
(11)
(3)
(6)
1,793
Balance, March 31, 2025
721
713
243
100
16
CARRYING AMOUNTS Balance, March 31, 2024 $ 1,388 $ 1,221 $ Balance, March 31, 2025 $ 1,491 $ 1,237 $
119 $ 3,150 203 $ 3,377
296 $ 293 $
119 $ 145 $
7 $ 8 $
The annualized composite rate of depreciation was 2.5 per cent during the period (2024 - 2.5 per cent). Impairment losses totaling $5 million (2024 - $3 million) were recognized on transmission and storage and compression assets as decommissioning liabilities pertaining to forecasted abandonment activities of impaired assets were increased. 12. Short-Term Debt The short-term advances are due to the Government of Saskatchewan’s General Revenue Fund. As at March 31, 2025, the advances have interest rates ranging from 2.6 per cent to 3.1 per cent and mature between April 1, 2025 and June 30, 2025. As at March 31, 2024, the advances had interest rates ranging from 5.0 per cent to 5.1 per cent and matured between May 7, 2024 and July 4, 2024.
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