NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
15. DEFERRED REVENUE Unearned customer capital contributions
(millions)
2018
2017
$
32 29
Balance, beginning of period Additions
$
61 29
(5) (21)
Refunds Revenue
(3) (55)
$
35 $
Balance, end of period
32
16. FINANCE LEASE OBLIGATION
(millions)
2018
2017
$
12
Total future minimum lease payments Less: Future finance charges on finance lease Present value of finance lease obligation Less: Current portion of finance lease obligation
$
6 (1)
(1)
11
5 - 5
(2)
$
9 $
As at March 31, 2018, scheduled future minimum lease payments and the present value of the finance lease obligation are as follows for the next five fiscal years:
(millions)
2019
2020
2021
2022
2023
Future minimum lease payments
$ $
2 $ 2 $
7 $ 6 $
1 $ 1 $
1 $ 1 $
1 1
Present value of finance lease obligation
17. PROVISIONS
(millions)
2018
2017
$
127 6
Balance, beginning of period Provisions made Provisions settled Change in discount rate Unwinding of discount
$
130 6
(5) (3) 3
(4) (7) 2
Balance, end of period 127 The Corporation has estimated the future cost of decommissioning certain natural gas facilities. For the purposes of estimating the fair value of these decommissioning obligations, it was assumed that the costs will be incurred between April 1, 2018 and March 31, 2109. The undiscounted cash flows required to settle the obligations total $318 million (2017 - $294 million). Discount rates between 1.3 per cent and 2.4 per cent were used to calculate the carrying amount of the obligation (2017 – 1.1 per cent and 2.4 per cent). No funds have been set aside by the Corporation to settle these obligations. 128 $ $
69
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