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Quarterly Report

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 the interim reports within 60 days of the end of the interim period.

 

First Quarter Interim Report - March 31, 2008

For the first three months of 2008 consolidated net income was $60 million, which was $13 million higher than the $47 million net income for the same period in 2007. Favourable fair value adjustments of $20 million, compared to $3 million for the same period in 2007, contributed to the higher net income in 2008.

Effective January 1, 2008, SaskEnergy adopted the new Canadian Institute of Chartered Accountants (CICA) Handbook Section 1535 – Capital Disclosures, Section 3031 – Inventories, Section 3862 – Financial Instruments – Disclosure, and Section 3863 – Financial Instruments – Presentation. These changes in accounting policies are discussed in Note 2 of the attached financial statements.

  
 

Third Quarter Interim Report - September 30, 2007

For the first nine months of 2007 consolidated net income was $47 million, which was $34 million higher than the $13 million for the same period in 2006. A lower loss on commodity sales in 2007 than in 2006 and higher margins on gas marketing sales than in 2006 contributed to the higher net income in 2007.

  
 

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.

  
 

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.

  
 

Third Quarter Interim Report - Sept 30, 2006

  
 

Second Quarter Interim Report - June 30, 2006

  
 

First Quarter Interim Report - March 31, 2006

  
 

Third Quarter Interim Report - September 30, 2005

  
 

Second Quarter Interim Report - June 30, 2005

  
 

First Quarter Interim Report - March 31, 2005

  
 

Third Quarter Interim Report - September 30, 2004

  
 

Second Quarter Interim Report - June 30, 2004

 
 

First Quarter Interim Report - March 31, 2004

 

 

To view Annual and Quarterly Reports you will require Adobe Acrobat Version 5+

  
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