SaskEnergy Third Quarter Report - December 31, 2023

Consolidated Financial Statements (unaudited)

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the Nine Months Ended December 31, 2023

For the Nine 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

$

229 190 177

$

(5)

$

224 190 177

13 14 15

$

463 202 177

$

29

$

492 202 177

- - -

Delivery

- - -

Transportation and storage Customer capital contributions

18

18

18

18

614

(5)

609

860

29

889

EXPENSES Natural gas purchases (net of change in inventory)

191

33

224

13

403

67

470

82

- - - -

82

Employee benefits

78

- - - -

78

148 105

148 105

Operating and maintenance Depreciation and amortization

141

141

94 14

94 14

15

15

Saskatchewan taxes

(Recovery) loss on trade and other receivables

(2)

-

(2)

5

-

5

539

33

572

735

67

802

NET INCOME BEFORE THE FOLLOWING Net finance expenses Other net (losses) gains TOTAL NET (LOSS) INCOME ITEMS THAT MAY BE RECLASSIFIED TO NET (LOSS) INCOME Change in fair value of debt retirement funds designated as FVOCI (1)

75

(38)

37

125

(38)

87

(59)

- -

(59)

16

(54)

- -

(54)

(2)

(2)

1

1

$

14

$

(38)

$

(24)

$

72

$

(38)

$

34

-

4

4

-

(7)

(7)

COMPREHENSIVE (LOSS) INCOME

$

14

$

(34)

$

(20)

$

72

$

(45)

$

27

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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