2004 Crown Investments Corporation of Saskatchewan Annual Report

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Notes to Consolidated Financial StatementsDecember 31, 20047. Property, Plant and Equipment(thousands of dollars)Cost2004AccumulatedAmortizationNet BookValue2003Net BookValueMachinery & equipmentBuildings & improvementsPlant under constructionLand, coal properties & rights$8,922,2221,199,186254,246200,130$4,531,717538,904-80,541$4,390,505660,282254,246119,589$4,394,599664,954201,427124,629$10,575,784$5,151,162$5,424,622$5,385,6098. Other Assets(thousands of dollars)2004 2003Natural gas in storageDeferred pension costsFuture income tax asset (Note 17)Deferred assetCustomer accounts acquired (a)GoodwillOther deferred charges$121,01977,35750,00234,76429,49827,08754,652$107,86869,41176,20116,31130,60127,06231,355$394,379$358,809(a) Amortization of customer accounts acquired for the year ended December 31, 2004 was$5.2 million (2003 - $5.0 million) and is expensed as part of operating costs.9. Notes PayableNotes payable are due to the General Revenue Fund (GRF). These notes are due on demand and have anaverage interest rate of 2.50 per cent (2003 - 2.65 per cent).78
Notes to Consolidated Financial StatementsDecember 31, 200410. Long-Term Debt(thousands of dollars)PrincipalOutstanding2004 2003AverageInterest RatePrincipalOutstandingAverageInterest RateYears to MaturityA. General Revenue FundCanadian Dollar Issues1 - 5 years6 - 10 years11 - 15 years16 - 20 years21 - 25 years26 - 30 yearsU. S. Canadian$724,801276,7963,513417,671310,000860,0009.596.178.137.796.806.11$874,729273,1725,081313,971175,000620,0009.977.718.137.448.755.93U. S. Dollar Issues1 - 5 years6 - 10 years11 - 15 years16 - 20 years$194,00075,000-300,0002,592,781233,49890,270-361,0807.137.38-8.942,261,953250,72696,930-517,3707.137.38-9.09$569,000684,848865,026Less:Sinking fund balance3,277,629(221,672)3,126,979(194,561)Total due to GRF3,055,9572,932,418B. Other long-term debtCanadian Dollar Issues(due 2005 to 2026)159,385Various169,578VariousU. S. Dollar Issues(due 2005 to 2007)$24,89930,32810.0544,3269.62Total other long-term debt189,713213,904Less:Due within one year3,245,6703,146,322(228,296) (164,483)TOTAL LONG-TERM DEBT$3,017,374$2,981,83979
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2004 Financial HighlightsCrown Sect
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Table Of Contents2004 HighlightsLet
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Chair’s MessageSaskatchewan’s C
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Corporate ProfileCIC is the financi
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Corporate ProfileCIC ManagementThe
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Corporate ProfileFinancial and Publ
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Corporate ProfileCIC’s Holdings20
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Corporate ProfileSASKATCHEWAN GOVER
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Corporate ProfileSaskatchewan Telec
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Policy and ProgramsUtility Bundle C
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Policy and ProgramsCommitment to Gr
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Policy and ProgramsCommitment to Yo
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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
Page 65: MANAGEMENT’S DISCUSSION AND ANALY
Page 68 and 69: Consolidated Statement of Financial
Page 70 and 71: Consolidated Statement of Cash Flow
Page 72 and 73: Notes to Consolidated Financial Sta
Page 96: Notes to Consolidated Financial Sta
Page 99 and 100: Non-Consolidated Statement of Finan
Page 101 and 102: Non-Consolidated Statement of Cash
Page 103 and 104: Notes to Non-Consolidated Financial
Page 105 and 106: Notes to Non-Consolidated Financial
Page 107: Notes to Non-Consolidated Financial
Page 110: Pat AtkinsonMinisterPrinted in Sask
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2004 Crown Investments Corporation of Saskatchewan Annual Report

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