8. Debt retirement funds (continued) The investments held in debt retirement funds are primarily Federal and Provincial Government debt instruments. The average return on these investments was 5.3% for the period (2014 – 4.3%). As at March 31, 2016 amounts required to be invested in debt retirement funds in each of the next five fiscal years were as follows: (millions) 2017 2018 2019 2020 2021
Installments
$ 10
$
9
$
8
$
8
$
7
9. Financial and derivative instruments
March 31, 2016
December 31, 2014
Classifi- Fair Value Carrying
Fair
Carrying Amount
Fair
(millions)
cation
Hierarchy Amount
Value
Value
FINANCIAL AND DERIVATIVE ASSETS Cash
FVTPL
n/a n/a
$
5
$
5
$ 11
$ 11
Trade and other receivables
LAR
148
148
104 102
104 102
Debt retirement funds
FVTPL FVTPL
Level 2 Level 2
93 21
93 21
Fair value of derivative instrument assets
11
11
FINANCIAL AND DERIVATIVE LIABILITIES Short-term debt
OL OL OL OL
n/a n/a n/a
299 117
299 117
299 105
299 105
Trade and other payables
Dividends payable Long-term debt
3
3
21
21
Level 2 Level 2
958 107
1,145
970 109
1,099
Fair value of derivative instrument liabilities FVTPL
107
109
Classification details:
FVTPL – fair value through profit or loss LAR – loans and receivables OL – other liabilities The fair value hierarchy is not applicable where the carrying amount approximates fair value due to the short-term nature of the financial instrument.
65
2015-16 ANNUAL REPORT SASKENERGY
Made with FlippingBook Ebook Creator