2004 Crown Investments Corporation of Saskatchewan Annual Report

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Corporate ProfileCIC ManagementThe responsibilities of CIC management are to:mmmmmmmmserve as staff to the CIC Board, providinganalysis and recommendations on whichinformed decisions can be made;develop and implement Crown sectorpolicies;manage the Crown sector strategic andperformance management model;serve as the CIC Board’s communicationslink with Crown boards and management;co-ordinate the implementation of policywithin the Crown sector;manage CIC’s operations;take responsibility for the preparation,reliability and integrity of the financialstatements; andmonitor emerging issues in CIC’s businessenvironment.At December 31, 2004, CIC had 54 employees in itsfour divisions, organized as follows:President’s Office & General CounselResponsible for the overall direction of CIC. Itincludes the President’s Office and the GeneralCounsel & Corporate Secretary functions, aswell as the Communications, Human Resources,Government Relations, and public-privatepartnerships (P3) units. The division had 18employees.Crown Corporation ServicesDevelops and implements policy for the Crowncorporation sector. It provided corporate secretaryservices for Crown boards of directors, coordinateddevelopment of a strategic plan for CIC and theCrown sector, was responsible for overseeingperformance management systems at CIC and inthe Crown sector, provided business analysis, andtook the lead on issues such as the utility bundleand rebate program. The division had 17 employees.Finance & AdministrationProvides sector-wide financial reporting, forecastingand financial analysis to the CIC Board on CICand Crown corporation financial performancetargets and capital budgets. The division alsomanages CIC’s budget, financial transactions, cashand debt positions, Crown sector dividend andcapital allocation policy, and corporate informationtechnology and administration services. Thedivision had 12 employees.Capital Pension & BenefitsResponsible for the administration of the multiemployerCapital Pension Plan and a group benefitsprogram. It also holds, in trust, the Pension Plan’sFunds for members and anyone else entitledto benefits under the Plan. The division had 7employees.During the latter part of 2004, CIC was beingreorganized to better reflect its duties. Thisreorganization was completed in early 2005.It resulted in the transfer of some staff fromCrown Corporation Services and the renamingof that division to Strategy & Governance. Twonew divisions were created: Economic Initiatives,and Labour & Aboriginal Initiatives. Finance &Administration took on additional responsibilities,while Capital Pension & Benefits remainedunchanged.C I C6
Corporate ProfilePresident’s OfficeGeneral Counsel &Corporate SecretaryCrown CorporationServicesFinance &AdministrationCapital Pension& BenefitsCIC organizational structure as of December 31, 2004Tom Waller, Q.C., President and Chief Executive Officer, is a lawyer with Bachelor of Arts and Bachelor of Lawsdegrees, who was appointed Queen’s Counsel in 1995. He has been a practising lawyer since 1973 and was apartner in the Regina law firm Olive Waller Zinkhan & Waller prior to joining CIC in 2004.Doug Kosloski, General Counsel and Corporate Secretary, is a lawyer with Bachelor of Commerce, Bachelor ofArts, and Bachelor of Laws degrees, and has 12 years of experience in both the private and public sectors.Kathryn Buitenhuis, Acting Senior Vice-President, Crown Corporation Services, has Master of Administrationand Bachelor of Science degrees and nearly 32 years of public service, with strategic planning, informationtechnology development, business development and performance management experience.Blair Swystun, Vice-President and Chief Financial Officer, has Master of Business Administration and Bachelorof Science degrees, and is a Chartered Financial Analyst charterholder with 22 years of financial managementexperience within the public service.Ken Klein, Executive Director, Capital Pension and Benefits, has a Bachelor of Arts degree, is a Certified EmployeeBenefits Specialist and a Fellow, Chartered Insurance Professional with more than 30 years of experience.7 C I C
Page 2 and 3: 2004 Financial HighlightsCrown Sect
Page 4 and 5: Table Of Contents2004 HighlightsLet
Page 6 and 7: Chair’s MessageSaskatchewan’s C
Page 8 and 9: Corporate ProfileCIC is the financi
Page 12 and 13: Corporate ProfileFinancial and Publ
Page 14 and 15: Corporate ProfileCIC’s Holdings20
Page 16 and 17: Corporate ProfileSASKATCHEWAN GOVER
Page 18 and 19: Corporate ProfileSaskatchewan Telec
Page 21: Policy and ProgramsUtility Bundle C
Page 24 and 25: Policy and ProgramsCommitment to Gr
Page 26: Policy and ProgramsCommitment to Yo
Page 30: GovernanceFor the purposes of this
Page 33 and 34: Strategic Direction and Performance
Page 41 and 42: Management’s Discussion and Analy
Page 43 and 44: MANAGEMENT’S DISCUSSION AND ANALY
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MANAGEMENT’S DISCUSSION AND ANALY
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Consolidated Statement of Financial
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Consolidated Statement of Cash Flow
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Notes to Consolidated Financial Sta
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Non-Consolidated Statement of Finan
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Non-Consolidated Statement of Cash
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Notes to Non-Consolidated Financial
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Pat AtkinsonMinisterPrinted in Sask
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2004 Crown Investments Corporation of Saskatchewan Annual Report

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