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
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