SaskEnergy Second Quarter Report - September 30, 2021

Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Three Months Ended September 30, 2021

For the Three Months Ended September 30, 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

$

61 40 51

$

(7)

$

54 40 51

$

42 41 46

$

(3)

$

39 41 46

13 14 15

- - -

Delivery

- - -

Transportation and storage Customer capital contributions

3

3

8

8

155

(7)

148

(3)

134

137

EXPENSES Natural gas purchases (net of change in inventory)

56 24 44 31

(44)

12 24 44 31

21 22 39 28

13

42 22 39 28

(21)

- - - -

Employee benefits

- - - -

Operating and maintenance Depreciation and amortization

7

7

Saskatchewan taxes

6

6

162

(44)

118

(21)

116

137

NET (LOSS) INCOME BEFORE THE FOLLOWING

(7)

37

30

-

18

18

(14)

- -

(14)

Net finance expenses

16

(14)

- -

(14)

1

1

Other gains

-

-

TOTAL NET (LOSS) INCOME

$

(20)

$

37

$

17

(14)

$

$

18

$

4

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

-

(1)

(1)

(1)

(1)

-

COMPREHENSIVE (LOSS) INCOME

$

(20)

$

36

$

16

$

$

17

$

3

(14)

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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