SaskEnergy First Quarter Report - June 30, 2022

Consolidated Financial Statements

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited)

For the Three Months Ended June 30, 2021

For the Three Months Ended June 30, 2022

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)

(millions)

Notes

Total

Total

REVENUE Natural gas sales

$

144

$

17

$

161

13 14 15

$

50 54 49

$

(9)

$

41 54 49

57 57

- - -

57 57

Delivery

- - -

Transportation and storage Customer capital contributions

5

5

4

4

263

17

280

157

(9)

148

EXPENSES Natural gas purchases (net of change in inventory)

136

19

155

13

48 27 41 30

(24)

24 27 41 30

27 45 31

- - - -

27 45 31

Employee benefits

- - - -

Operating and maintenance Depreciation and amortization

4

4

Saskatchewan taxes

3

3

Recovery on trade and other receivables

-

-

-

(2)

-

(2)

243

19

262

147

(24)

123

NET INCOME (LOSS) BEFORE THE FOLLOWING

20

(2)

18

10

15

25

(17)

-

(17)

Net finance expenses

16

(15)

-

(15)

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)

$

3

$

(2)

$

1

$

(5)

$

15

$

10

-

(6)

(6)

-

2

2

COMPREHENSIVE INCOME (LOSS)

$

3

$

(8)

$

(5)

$

(5)

$

17

$

12

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

16

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