25. Depreciation and amortization
15 Months
12 Months
Ended March
Ended
December 31, 2014
(millions)
31, 2016
Depreciation of property, plant and equipment
$ 78
$ 103
Amortization of intangible assets
5
7
$ 83
$ 110
The annualized composite rate of depreciation was 2.8% during the period (2014 – 2.9%), and the annualized composite rate of amortization was 5.9% during the period (2014 – 5.7%).
26. Saskatchewan taxes
15 Months
12 Months
Ended March
Ended
December 31, 2014
(millions)
31, 2016
Corporate capital tax Property taxes and other
$
8 3
$ 11
4
$ 11
$ 15
27. Net finance expenses
15 Months
12 Months
Ended March
Ended
December 31, 2014
(millions)
31, 2016
Debt retirement funds earnings
$
4 7
$
6
Change in fair value of debt retirement funds
(2)
Finance income
11
4
Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions
(3)
(2)
(45)
(59)
(2)
(3)
Borrowing costs capitalized to qualifying assets
2
2
Finance expenses
(48)
(62)
Net finance expenses
$ (37)
$ (58)
Borrowing costs were capitalized to qualifying assets using the weighted average cost of debt of 3.7% during the period (2014 – 3.8%).
28. Other (losses) gains
15 Months
12 Months
Ended March
Ended
December 31, 2014
(millions)
31, 2016
Net gain on assets held for sale Loss on impairment of assets Gain on insurance proceeds Net (loss) gain on disposal of assets
$
3
$
–
(3)
(6)
– 1
4
(1)
$
1
$
(3)
78
Consolidated Financial Statements
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