2015-16 SaskEnergy Annual Report

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

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