1 Table of contents 96

SaskEnergy 2024-25 Annual Report

2014 SaskEnergy Annual Report

Management’s Responsibility for Financial Statements		50
Management’s Report on Internal Control Over Financial Reporting		51
Independent Auditor’s Report		52
Consolidated Statement of Financial Position		54
Consolidated Statement of Income and Comprehensive Income		55
Consolidated Statement of Changes in Equity		56
Consolidated Statement of Cash Flows		57
Introduction		23
Strategic Scorecard Measures		24
Operating Environment		32
Consolidated Financial Results		33
Liquidity and Capital Resources		40
Capital Additions		41
Outlook		42
Risk Management and Disclosure		43
Critical Accounting Policies and Estimates		47
Accounting Policy Changes		48
General Information		58
Basis of Preparation		58
Summary of Material Accounting Policy Information		59
Capital Management		69
Trade and Other Receivables		70
Debt Retirement Funds		71
Financial and Derivative Instruments		71
Financial Risk Management		73
Right-of-Use Assets		76
Intangible Assets		77
Property, Plant and Equipment		78
Short-Term Debt		78
Trade and Other Payables		79
Unearned Customer Capital Contributions and Government Grants		79
Lease Liability		79
Provisions		80
Long-Term Debt		80
Commitments		81
Unrealized Market Value Adjustments		82
Natural Gas Sales and Purchases		82
Delivery Revenue		82
Transportation and Storage Revenue		83
Saskatchewan Taxes		83
Net Finance Expenses		83
Other Net Losses		83
Related Party Transactions		84
Our Business		5
Corporate Profile		6
Letter of Transmittal		7
Chair’s Message		8
President’s Message		9
Looking Back at 2024-25		12
Committed to Customers and Communities		16
Financial and Operating Highlights		17
Management’s Discussion and Analysis		23
Consolidated Financial Statements		49
Notes to the Consolidated Financial Statements		58
Corporate Governance		86
Supplementary Information		88
Glossary of Key Success Measures		90
Glossary of Natural Gas Measurements		93
Saskatchewan Natural Gas Transmission Lines		94

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