2016-17 SaskEnergy Annual Report

18. Natural gas sales and purchases

12 Months Ended March 31, 2017

15 Months Ended March 31, 2016

Gas

Gas

(millions)

Commodity Marketing

Total

Commodity Marketing

Total

NATURAL GAS SALES Natural gas sales to

commodity customers Realized on natural gas derivative instruments

$ 338

$ –

$ 338

$ 198

$

$ 198

47

181

228

19

147

166

Change in fair value of natural gas derivative instruments

(1)

(9)

(10)

(8)

(8)

384

172

556

217

139

356

NATURAL GAS PURCHASES Realized on natural gas derivative instruments

(338)

(157)

(495)

(192)

(133)

(325)

Change in fair value of natural gas derivative instruments Change in revaluation of natural gas in storage to net realizable value

5

(6)

(1)

65

6

71

(11)

(11)

13

13

(333)

(174)

(507)

(127)

(114)

(241)

$ 51

$ (2)

$ 49

$ 90

$ 25

$ 115

19. Saskatchewan taxes

12 Months

15 Months

Ended March

Ended March

(millions)

31, 2017

31, 2016

Corporate capital tax Property taxes and other

$ 11

$

9 3

4

$ 15

$ 12

20. Net finance expenses

12 Months

15 Months

Ended March

Ended March

(millions)

31, 2017

31, 2016

Debt retirement funds earnings

$

6

$

2 – 2

Change in fair value of debt retirement funds

(2)

Finance income

4

Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions

(2)

(2)

(59)

(45)

(3)

(2)

Borrowing costs capitalized to qualifying assets

2

1

Finance expenses

(62)

(48)

Net finance expenses

$ (58)

$ (46)

68

Consolidated Financial Statements

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