SaskEnergy First Quarter Report - June 30, 2021

Condensed Consolidated Financial Statements

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Three Months Ended June 30, 2021

For the Three Months Ended June 30, 2020

Income before Unrealized Market Value Adjust- ments

Income before Unrealized Market Value Adjust- ments

Unrealized Market Value Adjust- ments (Note 13)

Unrealized Market Value Adjust- ments (Note 9)

Total

Total

(millions)

Notes

REVENUE Natural gas sales

$

50 54 49

$

(9)

$

41 54 49

13 14 15

$

62 58 47

$

(2)

$

60 58 47

- - -

Delivery

- - -

Transportation and storage Customer capital contributions

4

4

2

2

157

(9)

148

169

(2)

167

EXPENSES Natural gas purchases (net of change in inventory)

48 27 41 30

(24)

24 27 41 30

13

65 25 38 29

(14)

51 25 38 29

- - - -

Employee benefits

- - - -

Operating and maintenance Depreciation and amortization

3

3

Saskatchewan taxes

3

3

Impairment (gain) loss on trade and other receivables

(2)

-

(2)

2

-

2

147

(24)

123

162

(14)

148

NET INCOME BEFORE THE FOLLOWING

10

15

25

7

12

19

(15)

- -

(15)

Net finance expenses

16

(13)

- -

(13)

-

-

Other gains

2

2 8

TOTAL NET (LOSS) INCOME ITEMS THAT MAY BE RECLASSIFIED BACK TO NET (LOSS) INCOME Change in fair value of debt retirement funds designated as FVOCI (1)

$

(5)

$

15

$

10

$

(4)

$

12

$

-

2

2

-

5

5

COMPREHENSIVE (LOSS) INCOME

$

(5)

$

17

$

12

$

(4)

$

17

$

13

The accompanying notes are an integral part of the condensed consolidated financial statements (1) Fair value through other comprehensive income (FVOCI)

p.13

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