SaskEnergy First Quarter Report - June 30, 2021


Q1 2021-22 MDA & FS_08-10-21v2.pdf
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Environmental sustainability and economic prosperity for future generations.
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Providing critical energy for a greener Saskatchewan and reducing our emissions from operations by 35 per cent by 2030.
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SaskEnergy delivers natural gas and energy solutions responsibly to the residents, businesses and industries of Saskatchewan.
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We are always committed to our personal safety, the safety of our team and the public.
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We are accountable for our decisions, our actions, and the results.
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We are responsible in our use of all resources.
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We support a respectful, dynamic and a diverse work environment that encourages achievement.
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We succeed through strong internal and external collaboration, trust and open communication.
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Commodity Sales
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Unrealized Margin on Commodity Sales
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Commodity Fair Value Adjustments
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Asset Optimization
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Asset Optimization Fair Value Adjustments
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Revaluation of Natural Gas in Storage
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Revenue
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Transportation and Storage Revenue
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Customer Capital Contributions
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Expenses
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Operating and Maintenance
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Depreciation and Amortization
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LIQUIDITY AND CAPITAL RESOURCES
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Investing Activities
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Financing Activities
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CAPITAL ADDITIONS
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OUTLOOK
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(unaudited)
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CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
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(unaudited)
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1. GENERAL INFORMATION
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2. BASIS OF PREPARATION
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a. Statement of compliance
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b. Basis of measurement
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c. Functional and presentation currency
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d. Use of estimates and judgments
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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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4. NATURAL GAS IN STORAGE HELD FOR RESALE
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5. FINANCIAL AND DERIVATIVE INSTRUMENTS
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6. FINANCIAL RISK MANAGEMENT
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a. Natural gas price risk
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b. Liquidity risk
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c. Credit risk
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7. ASSETS HELD FOR SALE
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9. LEASE LIABILITY
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10. LONG-TERM DEBT
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During the quarter, the Corporation issued $50 million in long-term debt with an interest rate of 2.8 per cent and no premium or discount.
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11. COMMITMENTS AND CONTINGENCIES
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a. Commitments
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b. Contingencies
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12. UNREALIZED MARKET VALUE ADJUSTMENTS
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13. NATURAL GAS SALES AND PURCHASES
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