SaskEnergy First Quarter Report June 30, 2024

Notes to the Consolidated Financial Statements (unaudited)

7.

Property, Plant and Equipment

Transmission

Computer Construction

(millions)

Distribution and Storage Compression Other* Hardware in Progress Total

COST Balance, April 1, 2023

$ 4,614

$

1,963

$

1,789

$

511

$

209

$

24

$

118 245

487

Additions Disposals

101

114

10

16

1

(24)

(4)

(5)

-

(11)

(2)

(2)

8

Adjustments Impairments

3

3

2

- -

- - -

- -

(3)

- -

(2)

(1)

(241)

Transfers

-

-

1

(242)

4,841

Balance, March 31, 2024

2,063

1,899

522

215

23

119

72

Additions Disposals

21

10

3

4

- - - -

34

(3)

(1)

(1)

- - -

(1)

- -

4

Adjustments

4

- -

-

(39)

Transfers

-

(1)

(38)

4,875

Balance, June 30, 2024

2,087

1,908

525

217

23

115

ACCUMULATED DEPRECIATION Balance, April 1, 2023

1,594

633

639

208

97

17

- - - - - - - -

116

Depreciation

46

44

18

8

-

(19)

Disposals

(4)

(5)

-

(9)

(1)

1,691

Balance, March 31, 2024

675

678

226

96

16

(1)

Transfers

-

-

-

(1)

- - -

30

Depreciation

12

11

5

2

(2)

Disposals

(1)

-

-

(1)

1,718

Balance, June 30, 2024

686

689

231

96

16

CARRYING AMOUNTS Balance, March 31, 2024 $

$ 3,150 $ 3,157

1,388 1,401

$ $

1,221 1,219

$ $

296 294

$ $

119 121

$ $

7 7

$ $

119 115

Balance, June 30, 2024

$

* Other is primarily comprised of vehicles and equipment

8.

Lease Liability

Leases are recognized as right-of-use assets and corresponding liabilities at the date at which a leased asset is available for use. Payments for short-term leases and leases of low-value assets are expensed on a straight-line basis and excluded from the lease liability.

As at June 30, 2024

As at March 31, 2024

(millions)

$

17

Total future minimum lease payments Less: Future finance charges on leases

$

14

(1)

(1)

16

Present value of lease liability

13

(6)

Less: Current portion of lease liability

(5)

$

10

$

8

25

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