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SaskEnergy Second Quarter Report - September 30, 2022

2014 SaskEnergy Annual Report

2022-23 Q2 MDA - 11-08-2022		3
Financial Statements for Public Release - Q2 2022-23 - att 11-15-2022		1
Financial Statements for Public Release - Q2 2022-23 - att		1
2022-23 Q2 MDA - 11-02-2022		7
Commodity Margin		7
Commodity Fair Value Adjustments		8
Asset Optimization Margin		8
Revaluation of Natural Gas in Storage		8
Revenue		9
Delivery revenue, transportation and storage revenue and customer capital contributions, as reported in the condensed consolidated financial statements, were as follows:		9
Transportation and Storage Revenue		9
Customer Capital Contributions		10
Other Expenses		10
Operating and Maintenance		10
LIQUIDITY AND CAPITAL RESOURCES		11
Investing Activities		11
Financing Activities		12
CAPITAL ADDITIONS		12
OUTLOOK		13
Q2 2022-23 FS & Notes		17
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION		17
(unaudited)		17
(unaudited)		18
1. GENERAL INFORMATION		21
2. BASIS OF PREPARATION		21
a. Statement of compliance		21
b. Basis of measurement		21
c. Functional and presentation currency		21
4. NATURAL GAS IN STORAGE HELD FOR RESALE		22
As at September 30, 2022, the Corporation expects that the $89 million current inventory value could be sold or consumed within the next twelve months.		22
5. FINANCIAL AND DERIVATIVE INSTRUMENTS		23
6. FINANCIAL RISK MANAGEMENT		24
a. Natural gas price risk		24
b. Liquidity risk		25
c. Credit risk		25
7. ASSETS HELD FOR SALE		26
9. LEASE LIABILITY		28
During the first half of the fiscal year, the Corporation issued $100 million in long-term debt in two increments. The first $50 million was issued at a discount of $11 million with an interest rate of 2.8 per cent maturing in 2052 and the second $50 ...		28
Financial Statements for Public Release - Q2 2022-23 - att		1
Quarterly Cover Page		1
Q2 2022-23 FS & Notes 11-15-2022		16
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION		16
(unaudited)		16
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY		19
(unaudited)		19
(unaudited)		20
11. COMMITMENTS AND CONTINGENCIES		29
a. Commitments		29
b. Contingencies		29
12. UNREALIZED MARKET VALUE ADJUSTMENTS		29
Unrealized market value adjustments represent the net income impact of measuring certain financial and derivative instruments at fair value subsequent to initial recognition (Note 5) and measuring natural gas in storage at the lower of weighted averag...		29

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