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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Notes to Non-Consolidated Financial StatementsDecember 31, <strong>2004</strong>3. Cash and Short-Term <strong>Investments</strong>Included in cash and short-term investments are $245.2 million (2003 - $159.9 million) in short-terminvestments maturing on or before March 31, 2005 and carry an average interest rate <strong>of</strong> 2.53 per cent(2003 - 2.62 per cent).4. Equity Advances to <strong>Crown</strong> <strong>Corporation</strong>sEquity advances to <strong>Crown</strong> corporations are as follows (thousands <strong>of</strong> dollars):<strong>2004</strong> 2003<strong>Saskatchewan</strong> Power <strong>Corporation</strong><strong>Saskatchewan</strong> Telecommunications Holding<strong>Corporation</strong>SaskEnergy Incorporated<strong>Saskatchewan</strong> Government InsuranceInformation Services <strong>Corporation</strong> <strong>of</strong> <strong>Saskatchewan</strong><strong>Saskatchewan</strong> Development Fund <strong>Corporation</strong><strong>Saskatchewan</strong> Water <strong>Corporation</strong><strong>Saskatchewan</strong> Government Growth FundManagement <strong>Corporation</strong>$660,000250,00071,53155,00012,0001,1507001$660,000250,00071,53155,00012,0001,1507001$1,050,382$1,050,3825. <strong>Investments</strong> in Share Capital <strong>Corporation</strong>s(thousands <strong>of</strong> dollars)Voting Percentage<strong>2004</strong> 2003Investment <strong>Saskatchewan</strong> Inc. (a):53,019,383 (2003 - 34,000,000)common sharesDue to CIC100%$530,194-$340,000190,194NewGrade Energy Inc. (b):100 (2003 - 100) Class Y voting participatingcommon sharesWrite down <strong>of</strong> investments:Investment <strong>Saskatchewan</strong> Inc.NewGrade Energy Inc.50%530,19450,001580,195530,19450,001580,195(152,725) (152,725)(50,001)(50,001)$377,469$377,469100
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