SaskEnergy 2018-19 Annual Report

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

21. TRANSPORTATION AND STORAGE REVENUE

(millions)

2019

2018

Transportation Firm Interruptible Other

$

143 9 1 153 10

$

117 8 3 128 9 137

Storage

$

163 $

22. SASKATCHEWAN TAXES

(millions)

2019

2018

$

11 4

Corporate capital tax Property taxes and other

$

11 3 14

$

15 $

23. NET FINANCE EXPENSES

(millions)

2019

2018

$

3 $

Debt retirement funds earnings

2 2

3

Finance income

(3) (50) (4) 2 (55)

Interest expense on short-term debt Interest expense on long-term debt Unwinding of discount on provisions Borrowing costs capitalized to qualifying assets

(2) (47) (3) 2 (50) (48)

Finance expenses Net finance expenses

$

(52) $

Borrowing costs were capitalized to qualifying assets using the weighted average cost of debt of 4.2 per cent during the period (2018 – 4.0 per cent).

24. OTHER GAINS AND LOSSES

(millions)

2019

2018

$

6 12

Net gains on disposal of assets Net gains (losses) on impairment of assets Other net losses Fair value adjustment to assets held for sale Gain on insurance proceeds

$

1 (14) - (2) 2 (13)

(7) - -

$

11 $

76

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