SaskEnergy Third Quarter Report - December 31, 2021

Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Three Months Ended December 31, 2021

For the Three Months Ended December 31, 2020

Income before Unrealized Market Value

Income before Unrealized Market Value

Unrealized Market Value Adjust- ments (Note 12)

Unrealized Market Value Adjust- ments (Note 12)

Adjust- ments

Adjust- ments

Total

Total

(millions)

Notes

REVENUE Natural gas sales

$

141

$

11

$

152

13 14 15

$

83 86 46

$

3

$

86 86 46

88 53

- - -

88 53

Delivery

- - -

Transportation and storage Customer capital contributions

9

9

8

8

291

11

302

223

3

226

EXPENSES Natural gas purchases (net of change in inventory)

129

33

162

13

79 24 43 29

15

94 24 43 29

24 46 31

- - - -

24 46 31

Employee benefits

- - - -

Operating and maintenance Depreciation and amortization

4

4

Saskatchewan taxes

3

3

Impairment loss on trade and other receivables

2

-

2

2

-

2

236

33

269

180

15

195

NET INCOME (LOSS) BEFORE THE FOLLOWING

55

(22)

33

43

(12)

31

(14)

- -

(14)

Net finance expenses

16

(14)

- -

(14)

(1)

(1)

Other losses

-

-

TOTAL NET INCOME (LOSS)

$

40

$

(22)

$

18

$

29

$

(12)

$

17

ITEMS THAT MAY BE RECLASSIFIED SUBSEQUENTLY TO NET INCOME (LOSS) Change in fair value of debt retirement funds designated as FVOCI (1)

-

1

1

-

-

-

COMPREHENSIVE INCOME (LOSS)

$

40

$

(21)

$

19

$

29

$

(12)

$

17

The accompanying notes are an integral part of the condensed consolidated financial statements (1) Fair value through other comprehensive income (FVOCI)

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