CREATING VALUE
Financial Strength
Debt/Equity Ratio
This measure is calculated by dividing total net debt by the sum of total net debt plus total Province’s equity. The consolidated rate of return on equity is measured by dividing the income before unrealized market value adjustments by the average Province’s equity over the year. The average is determined as the simple average of the opening Province’s equity and the closing Province’s equity. This measure removes unrealized market value adjustments from consolidated net income. Market value adjustments include fair value adjustments on financial and derivative instruments and the revaluation of natural gas in storage to net realizable value.
Consolidated Return on Equity
Income before Unrealized Market Value Adjustments
Environmental
This measure represents the intensity of greenhouse gas emissions produced per unit of natural gas compression, measured in tonnes CO 2 e per million running horsepower hours.
Greenhouse Gas Emissions – Tonnes of CO 2 e/million Running Horsepower Hours
Community Relationship
Community Sponsorships as a Percentage of Net Income
This measure is based on the forecast five-year rolling average of net income of $70 million per year. The long-term target for this measure would see SaskEnergy achieve an annual community sponsorship level consistent with one per cent of net income. This measure tracks the percentage of Aboriginal labour content in the Corporation’s labour service contracts managed by the Purchasing Department.
Total Contracts – Percentage of Aboriginal Labour Content
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2015-16 ANNUAL REPORT SASKENERGY
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