15. Long-term debt (continued) The Corporation’s long-term debt consisted of the following:
March 31, 2016
December 31, 2014
Principal
Effective Interest
Principal
Effective Interest
Outstanding (millions)
Outstanding (millions)
Rate
Rate
GENERAL REVENUE FUND 1 - 5 years
$ 292
4.0% 4.1% 7.5% 6.4% 5.0% 4.0% 3.9%
$ 276
4.3% 5.6% 5.7% 6.4% 5.1% 3.7%
6 - 10 years 11 - 15 years 16 - 20 years 21 - 25 years 26 - 30 years 31 plus years
134 125
175
50 60
60 25
100 300
225 100 961
–
–
961
Unamortized debt premium/discount and issue costs
(8)
4
953
965
OTHER LONG-TERM DEBT 26 - 30 years
5
13.5%
5
13.5%
958
970
Less: Current portion of long-term debt
(50)
(100)
$ 908
$ 870
The Corporation’s long-term debt is unsecured. As at March 31, 2016 principal repayments due in each of the next five fiscal years were as follows: (millions) 2017 2018 2019 2020 2021
Principal repayments
$ 100
$ 59
$ 50
$ 33
$ 34
16. Deferred revenue
March
December 31, 2014
(millions)
31, 2016
CURRENT Unearned customer capital contributions
$ 90
$ 61
NON-CURRENT Unearned government grants
6
6
$ 96
$ 67
73
2015-16 ANNUAL REPORT SASKENERGY
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