SaskEnergy Second Quarter Report - June 30, 2015

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Six Months Ended June 30, 2015

For the Six Months Ended June 30, 2014

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 9)

Income before Unrealized Market Value Adjustments

Unrealized Market Value Adjustments (Note 9)

Total

Total

(millions)

Notes

Revenue Natural gas sales

10

$

240 119

$

(8)

$

232 119

$

409 128

$

(13)

$

396 128

Delivery

- - - -

- - - -

Transportation and storage Customer capital contributions

60

60

49

49

5 4

5 4

9 7

9 7

Other

428

(8)

420

602

(13)

589

Expenses Natural gas purchases (net of change in inventory)

10

208

(21)

187

403

(22)

381

Employee benefits

48 57 42

- - - -

48 57 42

48 55 40

- - - -

48 55 40

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

5

5

4

4

360

(21)

339

550

(22)

528

Income before the following

68

13

81

52

9

61

Finance income Finance expenses

4

(3)

1

2

4

6

(25) (21)

-

(25) (24)

(24) (22)

-

(24) (18)

Net finance expenses

(3)

4

Other (losses) gains

(3)

-

(3)

3

-

3

Total net income and comprehensive income

$

44

$

10

$

54

$

33

$

13

$

46

(See accompanying notes)

14

2015 SECOND QUARTER REPORT

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