SaskEnergy Second Quarter Report - September 30, 2022

Consolidated Financial Statements

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Six Months Ended September 30, 2022

For the Six Months Ended September 30, 2021

Income before Unrealized Market Value Adjust- ments

Income before Unrealized Market Value Adjust- ments

Unrealized Market Value Adjust- ments (Note 12)

Unrealized Market Value Adjust- ments (Note 12)

Total

Total

(millions)

Notes

REVENUE Natural gas sales

$

266 100 118

$

16

$

282 100 118

13 14 15

$

111

$

(16)

$

95 94

- - -

Delivery

94

- - -

Transportation and storage Customer capital contributions

100

100

10

10

7

7

494

16

510

312

(16)

296

EXPENSES Natural gas purchases (net of change in inventory)

236

1

237

13

104

(68)

36 51 85 61 10

51 89 62 11

- - - -

51 89 62 11

Employee benefits

51 85 61 10

- - - -

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

Recovery on trade and other receivables

1

-

1

(2)

-

(2)

450

1

451

309

(68)

241

NET INCOME (LOSS) BEFORE THE FOLLOWING

44

15

59

3

52

55

(35)

- -

(35)

Net finance expenses

16

(29)

- -

(29)

1

1

Other gains

1

1

TOTAL NET INCOME (LOSS) ITEMS THAT MAY BE RECLASSIFIED TO NET INCOME (LOSS) Change in fair value of debt retirement funds designated as FVOCI (1)

$

10

$

15

$

25

$

(25)

$

52

$

27

-

(6)

(6)

-

1

1

COMPREHENSIVE INCOME (LOSS)

$

10

$

9

$

19

$

(25)

$

53

$

28

The accompanying notes are an integral part of the condensed consolidated financial statements (1) Fair value through other comprehensive income (FVOCI)

18

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