SaskEnergy First Quarter Report - June 30, 2021

Condensed Consolidated Financial Statements 12 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 13 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 14 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 15 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

Notes to the Consolidated Financial Statements

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)

16 16 18 18 18 20 22 23

GENERAL INFORMATION BASIS OF PREPARATION SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NATURAL GAS IN STORAGE HELD FOR RESALE FINANCIAL AND DERIVATIVE INSTRUMENTS FINANCIAL RISK MANAGEMENT ASSETS HELD FOR SALE PROPERTY, PLANT AND EQUIPMENT

24 25 25 2 6 2 6 2 7 2 7

LEASE LIABILITY COMMITMENTS AND CONTINGENCIES UNREALIZED MARKET VALUE ADJUSTMENTS NATURAL GAS SALES AND PURCHASES DELIVERY REVENUE TRANSPORTATION AND STORAGE REVENUE NET FINANCE EXPENSES

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