2016-17 SaskEnergy Annual Report

Consolidated Statement of Comprehensive Income

12 Months

12 Months

15 Months

12 Months

12 Months

12 Months

Ended March

Ended March

Ended March

Ended

Ended

Ended

December 31, 2014

December 31, 2013

December 31, 2012

31, 2016 2

31, 2016 2

(millions)

31, 2017 1

Audited

Unaudited

Audited

Audited

Audited

Audited

REVENUE

Natural gas sales

$ 566

$ 718

$ 600

$ 510

$ 364

$ 402

Delivery

289 151

232

217

194

240 134

209 121

Transportation and storage Customer capital contributions

98 33 16

92 24 12

85 29 12

61 14

55 10

58 12

Other

1,081

1,097

945

830

803

802

EXPENSES

Natural gas purchases

495 115 152 110

695

550

465

325

354

Employee benefits

92

89 97 77 11

85 85 73 10

87

90

Operating and maintenance Depreciation and amortization

126

134

124

83 11

96 12

89 12

Saskatchewan taxes

15

887 194

1,007

824 121

718 112

654 149

669 133

90

INCOME BEFORE THE FOLLOWING

NET FINANCE EXPENSES Finance income

6

4

4

5

2

3

Finance expenses

(62) (56)

(48) (44)

(44) (40)

(44) (39)

(48) (46)

(50) (47)

(3)

1

(2)

OTHER (LOSSES) GAINS

(33)

NET INCOME BEFORE MARKET VALUE ADJUSTMENTS

135

47

79

73

70

86

MARKET VALUE ADJUSTMENTS Commodity

4

(83)

27

47

65

(4)

Gas marketing

(15)

8

(33)

(32)

(2)

(12)

Net realizable value on natural gas in storage

(11)

(12)

13

21

13

(10)

Debt retirement funds

(2)

7

(7)

(2)

(3)

(24)

(80)

34

76

(29)

TOTAL NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

$ 111

$ (33)

$ 79

$ 107

$ 146

$ 57

CONSOLIDATED STATEMENT OF CASH FLOWS Cash provided by operating activities

347

248

244

172

225

258

Cash used in investing activities

(241) (100)

(283)

(221)

(181)

(198)

(210)

Cash (used in) provided by financing activities

40

(25)

(10)

(37)

(47)

$

6

$

5

$ (2)

$ (19)

INCREASE (DECREASE)IN CASH POSITION

$ (10)

$

1

1 On November 30, 2015, the Government of Saskatchewan announced a change in the year end for CIC and its subsidiaries from December 31 to March 31, commencing with the 2015-16 fiscal year. Accordingly, for the 2015-16 fiscal year the Corporation reported a 15-month fiscal period ending March 31, 2016, shown here compared to 12-month fiscal periods ending December 31 and March 31. 2 Certain comparative amounts in the consolidated statement of comprehensive income have been reclassified to conform with the current fiscal year’s presentation.

88

Supplementary Information

Made with FlippingBook Ebook Creator