2004 Crown Investments Corporation of Saskatchewan Annual Report
2004 Crown Investments Corporation of Saskatchewan Annual Report
2004 Crown Investments Corporation of Saskatchewan Annual Report
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Non-Consolidated Statement <strong>of</strong> Operations and Retained EarningsFor the Year Ended December 31(thousands <strong>of</strong> dollars)REVENUE<strong>2004</strong> 2003Dividend (Note 9)InterestOther$347,6373,15272$293,1623,606369350,861297,137EXPENSESGeneral, administrative and otherInterestAmortization8,774822515,4402,5422619,00718,243Earnings before the followingGrant to <strong>Saskatchewan</strong> Transportation CompanyGrant to <strong>Saskatchewan</strong> Water <strong>Corporation</strong>Public policy expenditure (Note 10)341,854278,894(5,600) (3,500)(9,233)(1,100)(52,046)-NET EARNINGS274,975274,294RETAINED EARNINGS, BEGINNING OF YEAR339,845265,551614,820539,845DIVIDEND TO GENERAL REVENUE FUND(268,000)(200,000)RETAINED EARNINGS, END OF YEAR$346,820$339,845(See accompanying notes)96
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