2016-17 SaskEnergy Annual Report

2016-17 SaskEnergy Annual Report


Contents
2

Corporate Profile
4

Letter of Transmittal
6

Minister’s Message
7

Chair’s Message
8

President’s Message
9

Financial and Operating Highlights
10

Corporate Highlights
13

Safety
14

Efficiency
15

Growth
16

Management’s Discussion & Analysis
17

Consolidated Financial Statements
41

Management’s Responsibility For Financial Statements
42

Management’s Report On Internal Control Over Financial Reporting
43

Independent Auditor’s Report
44

Consolidated Statement of Financial Position
45

Consolidated Statement of Comprehensive Income
46

Consolidated Statement of Changes in Equity
47

Consolidated Statement of Cash Flows
48

Notes to the Consolidated Financial Statements
49

1. General information
49

2. Basis of preparation
49

3. Summary of significant accounting policies
50

4. Capital management
56

5. Trade and other receivables
57

6. Natural gas in storage held for resale
58

7. Debt retirement funds
58

8. Financial and derivative instruments
58

9. Financial risk management
60

10. Intangible assets
63

11. Property, plant and equipment
64

12. Trade and other payables
65

13. Long-term debt
65

14. Deferred revenue
66

15. Provisions
67

16. Commitments and contingencies
67

17. Unrealized market value adjustments
67

18. Natural gas sales and purchases
68

19. Saskatchewan taxes
68

20. Net finance expenses
68

21. Other losses
69

22. Related party transactions
69

23. Comparative figures
70

Corporate Governance
71

Supplementary Information
87

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