SaskEnergy Third Quarter Report - December 31, 2023

Consolidated Financial Statements (unaudited)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended December 31, 2023

For the Three Months Ended December 31, 2022

Income before Unrealized Market Value Adjust- ments

Income before Unrealized Market Value Adjust- ments

Unrealized Market Value Adjust- ments (Note 12)

Unrealized Market Value Adjust- ments (Note 12)

Total

Total

(millions)

Notes

REVENUE Natural gas sales

$

96 90 60

$

2

$

98 90 60

13 14 15

$

197 102

$

13

$

210 102

- - -

Delivery

- - -

Transportation and storage Customer capital contributions

59

59

7

7

8

8

253

2

255

366

13

379

EXPENSES Natural gas purchases (net of change in inventory)

84 28 53 35

26

110

13

167

66

233

- - - -

28 53 35

Employee benefits

27 52 32

- - - -

27 52 32

Operating and maintenance Depreciation and amortization

4

4

Saskatchewan taxes

3

3

(Recovery) loss on trade and other receivables

(3)

-

(3)

4

-

4

201

26

227

285

66

351

NET INCOME BEFORE THE FOLLOWING Net finance expenses Other net loss es TOTAL NET INCOME

52

(24)

28

81

(53)

28

(21)

- -

(21)

16

(19)

- -

(19)

(3)

(3)

-

-

$

28

$

(24)

$

4

$

62

$

(53)

$

9

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

-

14

14

-

(1)

(1)

COMPREHENSIVE INCOME

$

28

$

(10)

$

18

$

62

$

(54)

$

8

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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