SaskEnergy First Quarter Report - June 30, 2022
Q1 2022-23 MD&A and FS Notes 08.03.2022.pdf | 7 |
2022-23 Q1 MDA 07.26.22.pdf | 7 |
Commodity Margin | 7 |
Commodity Fair Value Adjustments | 8 |
Asset Optimization Margin | 8 |
Asset Optimization Fair Value Adjustments | 9 |
Revaluation of Natural Gas in Storage | 9 |
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 | 11 |
LIQUIDITY AND CAPITAL RESOURCES | 11 |
Investing Activities | 12 |
Financing Activities | 12 |
CAPITAL ADDITIONS | 12 |
OUTLOOK | 13 |
Q1 2022-23 FS Notes 08.03.22.pdf | 15 |
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 15 |
(unaudited) | 16 |
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | 17 |
(unaudited) | 17 |
(unaudited) | 18 |
1. GENERAL INFORMATION | 19 |
2. BASIS OF PREPARATION | 19 |
a. Statement of compliance | 19 |
b. Basis of measurement | 19 |
c. Functional and presentation currency | 19 |
4. NATURAL GAS IN STORAGE HELD FOR RESALE | 21 |
5. FINANCIAL AND DERIVATIVE INSTRUMENTS | 21 |
6. FINANCIAL RISK MANAGEMENT | 23 |
a. Natural gas price risk | 23 |
b. Liquidity risk | 23 |
c. Credit risk | 24 |
7. ASSETS HELD FOR SALE | 25 |
9. LEASE LIABILITY | 27 |
10. LONG-TERM DEBT | 27 |
During the quarter, the Corporation borrowed an additional $50 million of long-term debt with an interest rate of 2.8 per cent maturing in 2052. | 27 |
11. COMMITMENTS AND CONTINGENCIES | 28 |
a. Commitments | 28 |
b. Contingencies | 28 |
12. UNREALIZED MARKET VALUE ADJUSTMENTS | 28 |
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