2017-18 SaskEnergy Annual Report

SUPPLEMENTARY INFORMATION

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

12 Months Ended Mar. 31, 2018

12 Months Ended Mar. 31, 2017

12 Months Ended Mar. 31, 2016 1

12 Months Ended Dec. 31, 2014

12 Months Ended Dec. 31, 2013

($ millions)

Audited

Audited

Unaudited

Audited

Audited

REVENUE

$

474 $

364 $

Natural gas sales

402 $

718 $

600 217

271 137

240 134

Delivery

209 121

232

Transportation and storage Customer capital contributions

98 33 16

92 24 12

21

55 10

58 12

7

Other

910

803

802

1,097

945

EXPENSES

407

325

Natural gas purchases Employee benefits Operating and maintenance Depreciation and amortization Impairment loss on trade and other receivables Saskatchewan taxes

354

695

550

86

87

90

92

89 97 77 11

127 100

134

124

126

96 12

89 12

83 11

14

5

-

-

-

-

739 171

654 149

669 133

1,007

824 121

INCOME BEFORE THE FOLLOWING

90

NET FINANCE EXPENSES Finance income

2

2

3

4

4

(50) (48) (13)

(48) (46) (33)

Finance expenses

(50) (47)

(48) (44)

(44) (40)

OTHER (LOSSES) GAINS

-

1

(2)

NET INCOME BEFORE MARKET VALUE ADJUSTMENTS MARKET VALUE ADJUSTMENTS Commodity

110

70

86

47

79

(2)

65

(4)

(83)

27

48

(2)

Gas marketing

(12) (10)

8

(33)

(12)

13

Net realizable value on natural gas in storage

(12)

13

1

-

Debt retirement funds

(3)

7

(7)

35

76

(29)

(80)

-

TOTAL NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

$

145 $

146 $

57 $

(33) $

79

CONSOLIDATED STATEMENT CASH FLOWS Cash provided by operating activities Cash (used in) provided by financing activities INCREASE (DECREASE) IN CASH POSITION $ Cash used in investing activities

312 (258) (58)

225 (198) (37)

258 (210)

248 (283)

244 (221)

(47)

40

(25)

(4) $

(10) $

1 $

5 $

(2)

1 On November 30, 2015, the Government of Saskatchewan announced a change in the year end for CIC and its subsidiaries from December 31 to March 31, commencing with the 2015-16 fiscal year. Accordingly, for the 2015-16 fiscal year the Corporation reported a 15-month fiscal period ended March 31, 2016. Shown are fiscal periods ending December 31 and March 31.

91

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