2016-17 SaskEnergy Annual Report

CONSOLIDATED STATEMENT OF CASH FLOWS For the periods ended

12 Months

15 Months

Ended March

Ended March

Notes

31, 2017

31, 2016

(millions)

OPERATING ACTIVITIES Net income

$ 111

$ 146

Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities Change in revaluation of natural gas in storage to net realizable value

17 17

11 11

(63) (13)

Depreciation and amortization

110

96 46 36

Net finance expenses

20

58

Other losses on disposal and impairment of assets Employee future benefits paid in excess of expense

7

(2)

(1)

306

247

Net change in non-cash working capital related to operations

41

(22)

Cash provided by operating activities

347

225

INVESTING ACTIVITIES

Additions to intangible assets

(15)

(12)

Additions to property, plant and equipment

(225)

(183)

Proceeds on disposal of assets

2

1

Decommissioning costs

(3)

(4)

Cash used in investing activities

(241)

(198)

FINANCING ACTIVITIES

Debt retirement funds redemptions Debt retirement funds installments Decrease in short-term debt Proceeds of long-term debt Repayment of long-term debt

7 7

7

12

(12)

(9) (6)

13 13

62

149

(50) (60) (47)

(100)

Interest paid Dividends paid

(47) (36) (37)

Cash used in financing activities

(100)

6

(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

(10)

5

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD

11

$ 11

CASH AND CASH EQUIVALENTS, END OF PERIOD

$

1

(See accompanying notes)

48

Consolidated Financial Statements

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