SaskEnergy First Quarter Report - June 30, 2022

Condensed Consolidated Financial Statements (unaudited)

15 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 16 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 17 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 18 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (unaudited)

19 GENERAL INFORMATION 19 BASIS OF PREPARATION 21 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 21 NATURAL GAS IN STORAGE HELD FOR RESALE 21 FINANCIAL AND DERIVATIVE INSTRUMENTS 23 FINANCIAL RISK MANAGEMENT 25 ASSETS HELD FOR SALE 26 PROPERTY, PLANT AND EQUIPMENT

27 LEASE LIABILITY 27 LONG-TERM DEBT 2 8 COMMITMENTS AND CONTINGENCIES 2 8 UNREALIZED MARKET VALUE ADJUSTMENTS 29 NATURAL GAS SALES AND PURCHASES 2 9 DELIVERY REVENUE 30 TRANSPORTATION AND STORAGE REVENUE 30 NET FINANCE EXPENSES

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