2004 Crown Investments Corporation of Saskatchewan Annual Report
2004 Crown Investments Corporation of Saskatchewan Annual Report
2004 Crown Investments Corporation of Saskatchewan Annual Report
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Consolidated Statement <strong>of</strong> Operations and Retained EarningsFor the Year Ended December 31(thousands <strong>of</strong> dollars)<strong>2004</strong> 2003REVENUERestatedNote 3Sales <strong>of</strong> products and servicesInvestment (Note 6(i))Other$3,974,950103,5234,117$3,857,16439,06913,0514,082,5903,909,284EXPENSESOperating costs other than those listed belowInterest (Note 14)Amortization <strong>of</strong> property, plant and equipment<strong>Saskatchewan</strong> taxes and resource payments (Note 15)2,950,021252,919409,98887,3422,903,360122,353424,51798,3733,700,2703,548,603Earnings before the following382,320360,681Public policy expenditure (Note 16)Future income tax (expense) recovery (Note 17)Non-recurring items (Note 18)(52,046)(26,236)8,023-469(15,797)NET EARNINGS312,061345,353RETAINED EARNINGS, BEGINNING OF YEAR2,037,4391,896,065RELATED PARTY TRANSACTIONADJUSTMENT (Note 19)-(3,979)2,349,5002,237,439DIVIDEND TO GENERAL REVENUE FUND(268,000)(200,000)RETAINED EARNINGS, END OF YEAR$2,081,500$2,037,439(See accompanying notes)65
Change language