oakley vault 8 billion in revenueTotal

8 billion in revenue

Total consolidated revenue for the “Crowns” last year was $4.8 billion, $334 million more than in 2012, the government’s Crown Investments Corp. (CIC) said in its annual report, released Wednesday. Dividends to the provincial government, on a consolidated basis, were $202.5 million, a little short of the budgeted $208.1 million.But because revenues or net income at several Crowns fell below projections oakley vault last year, Crown Investments Minister Donna Harpauer conceded the size of dividends they deliver to government coffers might fall.”Perhaps, in future years, we won’t be able to pay the dividend that was available this year,” she said.CIC oversees SaskPower, SaskTel, SaskEnergy, SGI Canada, SaskGaming, SaskWater, the Saskatchewan Transportation Company and the Saskatchewan Opportunities Corp., which runs the Innovation Place campuses in Regina, Saskatoon and Prince Albert. It also reported the financial results for Information Services Corp. before it was privatized last summer.The gain on the sale of ISC shares, originally oakley vault budgeted at $100 million, turned out to be $142.2 million.Asked about the possibility of more Crown asset sales, Harpauer said the Saskatchewan Party government has been “very, very upfront” that it supports existing “Crown protection” legislation sheltering them from sale.She also noted the proposed sale of the Saskatchewan Gaming Corp. and its casinos in Regina and Moose Jaw earlier this year was conditional on the approval of the NDP opposition. As for the province’s utility Crown corporations like SaskPower or SaskTel, “there’s just simply no conditions” under which sales would be considered, she said.The debt carried by the province’s Crown corporations at the end of 2013 was $6.07 billion, up from $5.14 billion the previous year.But cons oakley va oakley vault ult olidated assets also rose to $15.15 billion, about $2 billion more than at the end of 2012.SaskTel’s debt to equity ratio was 48.7 per cent just below the average of 49 per cent of Bell Canada, Telus and MTS while SaskEnergy, at 58.8 per cent, was 3.2 per cent lower than counterparts Enbridge, Gaz Metro, Manitoba Hydro, Union Gas and FortisBC Energy.Looking ahead, Harpauer said she expects 2014 will be the year in which Crown corporations’ capital spending, spurred by a need to accommodate a growing population, goes over the $2 billion mark for the first time. Balancing that, Crowns have tried to trim their own costs by jointly servicing new subdivisions and introducing new technology, like “smart meters.”

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