SaskEnergy Third Quarter Report - December 31, 2021

Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Nine Months Ended December 31, 2021

For the Nine Months Ended December 31, 2020

Income before Unrealized Market Value Adjust- ments

Income before Unrealized Market Value Adjust- ments

Unrealized Market Value Adjust- ments (Note 12)

Unrealized Market Value Adjust- ments (Note 12)

Total

Total

(millions)

Notes

REVENUE Natural gas sales

$

252 182 153

$

(5)

$

247 182 153

13 14 15

$

187 185 139

$

(2)

$

185 185 139

- - -

Delivery

- - -

Transportation and storage Customer capital contributions

16

16

18

18

603

(5)

598

529

(2)

527

EXPENSES Natural gas purchases (net of change in inventory)

233

(35)

198

13

186

(20)

166

75

- - - -

75

Employee benefits

71

- - - -

71

131

131

Operating and maintenance Depreciation and amortization

120

120

92 14

92 14

86 12

86 12

Saskatchewan taxes

Impairment loss on trade and other receivables

-

-

-

4

-

4

545

(35)

510

479

(20)

459

NET INCOME BEFORE THE FOLLOWING Net finance expenses

58

30

88

50

18

68

(43)

- -

(43)

16

(41)

- -

(41)

-

-

Other gains

2

2

TOTAL NET INCOME

$

15

$

30

$

45

$

11

$

18

$

29

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

-

2

2

-

4

4

COMPREHENSIVE INCOME

$

15

$

32

$

47

$

11

$

22

$

33

p.15

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