SaskEnergy Second Quarter Report - September 30, 2021

Condensed Consolidated Financial Statements 1 3 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 1 4 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 1 6 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 1 7 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

Notes to the Consolidated Financial Statements

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)

1 8 1 8 20 20 20 2 2 2 4 2 5

GENERAL INFORMATION BASIS OF PREPARATION SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NATURAL GAS IN STORAGE HELD FOR RESALE FINANCIAL AND DERIVATIVE INSTRUMENTS FINANCIAL RISK MANAGEMENT ASSETS HELD FOR SALE PROPERTY, PLANT AND EQUIPMENT

2 6 2 6 2 7 2 7 2 8 2 9 2 9 29

LEASE LIABILITY LONG-TERM DEBT COMMITMENTS AND CONTINGENCIES UNREALIZED MARKET VALUE ADJUSTMENTS NATURAL GAS SALES AND PURCHASES DELIVERY REVENUE TRANSPORTATION AND STORAGE REVENUE NET FINANCE EXPENSES

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