SaskEnergy First Quarter Report - June 30, 2023

Notes to the Consolidated Financial Statements (unaudited)

16.

NET FINANCE EXPENSES

For the Three Months Ended June 30,

2022

(millions)

2023

$

1 1

$

- -

Debt retirement funds earnings

Finance income

(2)

(1)

Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions

(16)

(15)

(2)

(1)

(20) (19)

(17) (17)

Finance expenses

$

Net finance expenses

$

Borrowing costs were capitalized to qualifying assets using the weighted average cost of debt of 3.8 per cent during the period (June 30, 2022 – 3.6 per cent).

28

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