SaskEnergy Second Quarter Report - September 30, 2017

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Six Months Ended September 30, 2017

For the Six Months Ended September 30, 2016

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 9)

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 9)

Total

Total

(millions)

Notes

Revenue Natural gas sales

10

$

141

$

6

$

147

$

117

$

(8)

$

109

Delivery

85 68

- - - -

85 68

77 65

- - - -

77 65

Transportation and storage Customer capital contributions

8 3

8 3

8 5

8 5

Other

305

6

311

272

(8)

264

Expenses Natural gas purchases (net of change in inventory)

10

126

7

133

104

(74)

30 41 61 47

Employee benefits

41 68 49

- - - -

41 68 49

41 61 47

- - - -

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

8

8

7

7

292

7

299

260

(74)

186

Income before the following

13

(1)

12

12

66

78

Finance income Finance expenses

1

- - -

1

1

4

5

(25) (24)

(25) (24)

(23) (22)

-

(23) (18)

Net finance expenses

4

Other gains

8

-

8

-

-

-

Total net (loss) income

$

(3)

$

(1)

$

(4)

$

(10)

$

70

$

60

Change in fair value of debt retirement funds designated as FVOCI

(1)

(1)

-

Comprehensive (loss) income

$

(3)

$

(2)

$

(5)

$

(10)

$

70

$

60

14

2017-18 SECOND QUARTER REPORT

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