Consolidated Financial Statements
CONSOLIDATED STATEMENT OF CASH FLOWS For the years ended March 31
(millions)
Notes
2020
2019
OPERATING ACTIVITIES Net income Add (deduct) items not requiring an outlay of cash
$
43
$
166
30
(13) (19) 99 52 (12)
19 19
Net change in fair value of derivative instrument assets and liabilities Change in revaluation of natural gas in storage to net realizable value Depreciation and amortization Net finance expenses
(7)
109 55 5 16
24 25 25
Net loss (gain) on impairment of assets Net loss (gain) on disposal of assets Other non-cash items Employee future benefits paid in excess of expense
(6) (2) (1)
(3) -
248 22 270
264 16 280
Net change in non-cash working capital related to operations
Cash provided by operating activities
INVESTING ACTIVITIES
(13) (316) 1 (13) (341)
Additions to intangible assets Additions to property, plant and equipment Net proceeds on disposal of assets Decommissioning costs
(15) (284) 32 (4) (271)
Cash used in investing activities
FINANCING ACTIVITIES Debt retirement funds redemptions Debt retirement funds installments
4 (11) 19 212 (33) (5) (55) (65)
- (10) 6
7 7
Proceeds from short-term debt Proceeds from long-term debt Repayment of long-term debt Repayment of principal on lease liability Interest paid Dividends paid Cash provided by financing activities
149
14 14 16
(50) - (55) (40)
66
-
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
(5) 6 (5)
$
$ $
9
(3) 9
$
CASH AND CASH EQUIVALENTS, END OF YEAR
1
$
$
6
(See accompanying notes)
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