NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
20. NATURAL GAS SALES AND PURCHASES 2018
2017
Gas Marketing Total
Gas Marketing Total
(millions)
Commodity
Commodity
NATURAL GAS SALES Natural gas sales to commodity customers Realized on natural gas derivative instruments
$
207 $
-
$
207 $
198 $
-
$
198 166
18
249
267
19
147
Change in fair value of natural gas derivative instruments
-
2
2
-
(8)
(8)
225
251
476
217
139
356
NATURAL GAS PURCHASES Realized on natural gas derivative instruments Change in fair value of natural gas derivative instruments Change in revaluation of natural gas in storage to net realizable value
(184)
(223)
(407)
(192)
(133)
(325)
(2)
46
44
65
6
71 13
-
(12)
(12)
-
13
(186)
(189)
(375)
(127)
(114)
(241)
$
39 $
62 $
101 $
90 $
25 $
115
21. SASKATCHEWAN TAXES
(millions)
2018
2017
$
11 3
Corporate capital tax Property taxes and other
$
9 3
$
14 $
12
22. NET FINANCE EXPENSES
(millions)
2018
2017
$
2 $
Debt retirement funds earnings
2 2
2
Finance income
(2) (47) (3) 2 (50)
Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions Borrowing costs capitalized to qualifying assets
(2) (45) (2) 1 (48) (46)
Finance expenses Net finance expenses
$
(48) $
Borrowing costs were capitalized to qualifying assets using the weighted average cost of debt of 4.0 per cent during the period (2017 - 3.7 per cent).
71
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