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SaskEnergy's interim report is comprised of a
Management Discussion and Analysis, interim consolidated financial
statements and notes to the interim consolidated financial
statements.
SaskEnergy posts each interim reports within 60 days
of the end of the interim period.
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Second Quarter Interim Report -
June 30, 2007
For the first six months of 2007 consolidated net income was $53 million, which was
$28 million higher than the $25 million for the same period in 2006. A gain on commodity
sales in 2007 compared to a commodity loss in 2006 and higher margins on gas marketing
sales than in 2006 contributed to the higher net income in 2007.
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First Quarter Interim Report -
March 31, 2007
For the first three months of 2007 consolidated net income was $47 million,
which was $10 million higher than the $37 million for the same period in 2006.
A higher gain on commodity sales, offset by lower gas marketing sales were the primary
causes for the higher net income compared to 2006. Effective January 1, 2007, SaskEnergy
adopted the new Canadian Institute of Chartered Accountants standards for the reporting
of financial instruments. This change in accounting policy and its impact is discussed
in Note 2 of the financial statements. |
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Third Quarter Interim Report - September 30, 2006
For the first nine months of 2006 consolidated net earnings were $12.8 million, up from $7.9 million in the same period in 2005.
In the third quarter of 2006 there was a loss of $12.0 million compared to a loss of $33.2 million in the third quarter of 2005.
Losses on commodity sales were lower in 2006 compared to 2005; however, this was partially offset by lower margins on gas marketing
sales. Lower operating and maintenance costs in 2006 also contributed to the higher net earnings compared to 2005. |
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Second Quarter Interim Report - June 30, 2006
For the first six months of 2006 consolidated net earnings
were $24.8 million, down from $41.1 million in the same period
in 2005. In the second quarter of 2006 there was a loss of $12.1
million compared to net earnings of $6.3 million in the second
quarter of 2005. Higher cost of gas and lower delivery revenue
in 2006 were the primary causes for the lower earnings. |
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