2017-18 SaskEnergy Annual Report

TABLE OF CONTENTS

CORPORATE GOVERNANCE 73 BOARD OF DIRECTORS 78 EXECUTIVE COMMITTEE 80 CORPORATE GOVERNANCE DISCLOSURE 88 STAKEHOLDER ENGAGEMENT 73 CONSOLIDATED FINANCIAL STATEMENTS 43 MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL STATEMENTS 44 MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING 45 INDEPENDENT AUDITOR’S REPORT 46 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 47 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 48 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 49 CONSOLIDATED STATEMENT OF CASH FLOWS 50 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 42 90 SUPPLEMENTARY INFORMATION 90 FIVE YEAR CONSOLIDATED FINANCIAL SUMMARY 92 GLOSSARY OF KEY SUCCCESS MEASURES 95 GLOSSARY OF NATURAL GAS MEASUREMENTS 96 SASKENERGY INCORPORATED NATURAL GAS TRANSMISSION PIPELINES

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CORPORATE PROFILE LETTER OF TRANSMITTAL MINISTER’S MESSAGE CHAIR’S MESSAGE PRESIDENT’S MESSAGE

FINANCIAL AND OPERATING HIGHLIGHTS

12 2017-18 YEAR AT A GLANCE

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MANAGEMENT’S DISCUSSION AND ANALYSIS 14 INTRODUCTION 14 STRATEGIC SCORECARD MEASURES 23 INDUSTRY OVERVIEW 26 CONSOLIDATED FINANCIAL RESULTS 33 LIQUIDITY AND CAPITAL RESOURCES 34 CAPITAL EXPENDITURES 35 OUTLOOK 36 RISK MANAGEMENT AND DISCLOSURE 40 CRITICAL ACCOUNTING POLICIES AND ESTIMATES 41 ACCOUNTING POLICY CHANGES

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