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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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Adobe Acrobat Reader
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First Quarter Interim Report - March 31, 2010
For the three months ending March 31, 2010 consolidated net income was $39 million, which was $7
million higher than the $32 million net income for the same period in 2009. The increase in
consolidated income for 2010 was principally due to favourable fair value adjustments of $10 million
compared to unfavourable fair value adjustments of $23 million in the same period in 2009. This was
partially offset by a lower realized commodity margin of $9 million in 2010 compared to $27 million
in 2009.
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Third Quarter Interim Report -
September 30, 2009
For the nine months ending September 30, 2009 consolidated net income was $42 million, which
was $33 million higher than the $9 million net income for the same period in 2008. The increase
in consolidated income for 2009 was principally due to favourable fair value adjustments of $22
million compared to unfavourable fair value adjustments of $16 million over the same period in
2008.
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Second Quarter Interim Report -
June 30, 2009
For the first six months of 2009 consolidated net income was $29 million, which was $45 million lower than the $74 million net income
for the same period in 2008. The decrease in consolidated income for 2009 was principally due to lower favourable fair value adjustments
which were $5 million compared to $34 million over the same period in 2008. Also contributing to the decrease was a $21 million downward
revaluation of gas marketing natural gas in storage held for resale to its net realizable value at June 30, 2009. With the decline in natural
gas prices, net realizable value for natural gas in storage held for resale has fallen below cost since the beginning of the year.
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First Quarter Interim Report -
March 31, 2009
For the first three months of 2009 consolidated net income was $32 million, which was $28 million lower than the $60 million net income for the same period in 2008. Unfavourable fair value adjustments of $23 million, compared to favourable $20 million for the same period in 2008, partially offset by a higher gain on commodity sales in 2009 contributed to the lower net income in 2009.
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