2019-20 SaskEnergy Annual Report

Supplementary Information

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

12 Months Ended March 31, 2016 1

12 Months Ended March 31, 2020

12 Months Ended March 31, 2019

12 Months Ended March 31, 2018

12 Months Ended March 31, 2017

(millions)

Audited

Audited Restated

Audited

Audited Unaudited

REVENUE

$

309 284 187

Natural gas sales

$

452 $

474 $

364 $

402 209 121

Delivery

289 163

271 137

240 134

Transportation and storage Customer capital contributions

36

29

21

55 10

58 12

-

Other

4

7

816

937

910

803

802

EXPENSES

284

Natural gas purchases

396

407

325

354

96

Employee benefits

89

86

87

90

164 109

Operating and maintenance Depreciation and amortization

161

127 100

134

124

99 15

96 12

89 12

16

Saskatchewan taxes

14

5

Impairment loss on trade and other receivables

2

5

-

-

674 142

762 175

739 171

654 149

669 133

INCOME BEFORE THE FOLLOWING

NET FINANCE EXPENSES Finance income

4

3

2

2

3

(59) (55) (21)

Finance expenses

(55) (52)

(50) (48) (13)

(48) (46) (33)

(50) (47)

OTHER (LOSSES) GAINS

11

-

NET INCOME BEFORE MARKET VALUE ADJUSTMENTS MARKET VALUE ADJUSTMENTS Commodity

66

134

110

70

86

6

35

(2)

65

(4)

(36)

Asset optimization

(22)

48

(2)

(12) (10)

7

Net realizable value on natural gas in storage

19

(12)

13

-

Debt retirement funds

-

-

-

(4)

(23)

32

34

76

(30)

TOTAL NET INCOME

$

43

$

166 $

144 $

146 $

56

CONSOLIDATED STATEMENT CASH FLOWS Cash provided by operating activities

270

280

312

225

258

(341)

Cash used in investing activities

(271)

(258)

(198)

(210)

66

Cash (used in) provided by financing activities (DECREASE) INCREASE IN CASH POSITION $

-

(58)

(37)

(47)

(5) $

9 $

(4) $

(10) $

1

1 On November 30, 2015, the Government of Saskatchewan announced a change in the year end for CIC and its subsidiaries from December 31 to March 31, commencing with the 2015-16 fiscal year. Accordingly, for the 2015-16 fiscal year the Corporation reported a 15-month fiscal period ended March 31, 2016, shown here are the 12-month fiscal periods ending and March 31.

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