CONSOLIDATED STATEMENT OF CASH FLOWS For the periods ended
15 Months
12 Months
Ended March
Ended
December 31, 2014
Notes
31, 2016
(millions)
OPERATING ACTIVITIES Net income (loss) and comprehensive income (loss)
$ (33)
$ 111
Add (deduct) items not requiring an outlay of cash Net change in fair value of derivative instrument assets and liabilities Change in revaluation of natural gas in storage to net realizable value
21 21 25 27 28
75 12 83 37
11 11
Depreciation and amortization
110
Net finance expenses
58
Other losses (gains) on disposal and impairment of assets
(1) (1)
7 –
Other non-cash items
Employee future benefits paid in excess of expense
17
–
(2)
172
306
Net change in non-cash working capital related to operations
29
76
41
Cash provided by operating activities
248
347
INVESTING ACTIVITIES
Additions to intangible assets
(7)
(15)
Additions to property, plant and equipment
(279)
(225)
Proceeds on disposal of assets
6
2
Decommissioning costs
(3)
(3)
Cash used in investing activities
(283)
(241)
FINANCING ACTIVITIES
Debt retirement funds redemptions Debt retirement funds installments Decrease in short-term debt Proceeds of long-term debt Repayment of long-term debt
8 8
6
7
(10) (81)
(12)
–
15 15
246
62
(50) (47) (24)
(50) (60) (47)
Interest paid Dividends paid
Cash (used in) provided by financing activities
40
(100)
5
INCREASE IN CASH AND CASH EQUIVALENTS
6
–
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
5
$
5
CASH AND CASH EQUIVALENTS, END OF PERIOD
$ 11
(See accompanying notes)
53
2015-16 ANNUAL REPORT SASKENERGY
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