SaskEnergy Third Quarter Report - December 31, 2021

2014 SaskEnergy Annual Report


Q3 2021-22 MD&A & FS
1

Q2 2021-22 MDA & FS Exec Meeting
1

Q2 cover
1

Q2-2pg
2

Q3 2021-22 MDA.pdf
7

SaskEnergy delivers natural gas and energy solutions responsibly to the residents, businesses and industries of Saskatchewan.
7

We succeed through strong internal and external collaboration, trust and open communication.
7

Commodity Sales
7

Realized Margin on Commodity Sales
8

Commodity Unrealized Fair Value Adjustments
8

Asset Optimization
8

Asset Optimization Unrealized Fair Value Adjustments
9

Revaluation of Natural Gas in Storage
9

Revenue
9

Transportation and Storage Revenue
9

Customer Capital Contributions
10

Expenses
10

Operating and Maintenance
11

Depreciation and Amortization
11

LIQUIDITY AND CAPITAL RESOURCES
11

Investing Activities
12

Financing Activities
12

CAPITAL ADDITIONS
12

OUTLOOK
13

Q3 2021-22 FS & Notes.pdf
16

(unaudited)
16

(unaudited)
17

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
18

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
19

(unaudited)
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1. GENERAL INFORMATION
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2. BASIS OF PREPARATION
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a. Statement of compliance
20

b. Basis of measurement
20

c. Functional and presentation currency
20

d. Use of estimates and judgments
21

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
22

4. NATURAL GAS IN STORAGE HELD FOR RESALE
22

5. FINANCIAL AND DERIVATIVE INSTRUMENTS
22

6. FINANCIAL RISK MANAGEMENT
24

a. Natural gas price risk
24

b. Liquidity risk
24

c. Credit risk
25

7. ASSETS HELD FOR SALE
26

8. PROPERTY, PLANT AND EQUIPMENT
27

9. LEASE LIABILITY
28

10. LONG-TERM DEBT
28

During the first quarter, the Corporation issued $50 million in long-term debt with an interest rate of 2.8 per cent and no premium or discount.
28

a. Commitments
29

b. Contingencies
29

12. UNREALIZED MARKET VALUE ADJUSTMENTS
29

13. NATURAL GAS SALES AND PURCHASES
30

17. SUBSEQUENT EVENT
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