The obligation to submit financial information is due June 30 of each year; however, as per the FSSCR, the minister may request financial information at any time and set deadlines other than June 30.
Licensees will receive a notification about the obligation in the Integrated Resource Information System (IRIS). It is the licensees’ responsibility to set appropriate permissions to receive notifications of the creation of corporate financial information obligations and for maintenance of the obligations.
Upon the June 30 due date, if a licensee is a new company that does not yet have financial history details, then the licensee must submit the required financial information by the end of the following quarter (September 30).
The corporate financial submission information required by the Ministry of Energy and Resources includes:
- Total Current Assets
- Total Current Liabilities
- Total Shareholder Equity
- Total Revenue (Net)
- Revenue from sale purchased commodities
- Interest Expense
- Net Income (loss)
- Adjusted EBITDA
- Total Cash Flow from Operations
- Total Debt
- Lease Liabilities
- Operating Netback for Saskatchewan Operations