2015-16 SaskEnergy Annual Report

CONSOLIDATED FINANCIAL STATEMENTS

Management’s Responsibility for Consolidated Financial Statements Management's Report on Internal Control Over Financial Reporting

47 48 49 50 51 52 53 54 54 55 63 64 64 64 64 65 67 70 71 72 72 72 73 74 76 76 76 76 77 77 77 78 78 78 78 79 79

Independent Auditor's Report

Consolidated Statement of Financial Position Consolidated Statement of Comprehensive Income Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1 General information

2 Basis of preparation

3 Summary of significant accounting policies

4 Capital management

5 Trade and other receivables

6 Natural gas in storage held for resale

7 Inventory of supplies 8 Debt retirement funds

9 Financial and derivative instruments

10 Financial risk management

11 Intangible assets

12 Property, plant and equipment

13 Short-term debt

14 Trade and other payables

15 Long-term debt 16 Deferred revenue

17 Employee future benefits

18 Provisions

19 Equity advances

20 Commitments and contingencies 21 Unrealized market value adjustments 22 Natural gas sales and purchases

23 Other revenue

24 Revenue collected for and paid to municipalities

25 Depreciation and amortization

26 Saskatchewan taxes 27 Net finance expenses 28 Other (losses) gains

29 Net change in non-cash working capital related to operations

30 Related party transactions

46

Consolidated Financial Statements

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