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Corporate Financial Information

In accordance with section 4-3 of The Financial Security & Site Closure Regulations (FSSCR), licensees are required to submit corporate financial information when requested by the Minister of Energy and Resources. The information provided must be from the most recent available financial statements and must be completed by a person with relevant accounting experience and/or detailed knowledge of the corporate financial statements.

As per section 10 of the FSSCR, the financial information collected by The Ministry of Energy and Resources will be kept confidential, unless that information is already public.


1. Guidance

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

2. Reporting Requirements

For specific reporting requirements refer to Directive PNG025: Financial Security Requirements.

The following documents are required for corporate financial information reporting:

  • Corporate Financial Data Submission
    The required spreadsheet template to be filled with the updated financial information from the most recent financial statement.

  • A PDF of the audited or management-prepared financial statement related to that submitted in the Corporate Financial Data Submission spreadsheet. If available, fully audited financial statements are to be submitted.

  • Financial Submission Declaration
    The required form to be signed by a director or officer.

3. Requirements for Submission

To report corporate financial information, the licensee must:

  • Have an IRIS account and the appropriate permissions assigned by your IRIS Security Administrator.
  • Hold one or more licences authorizing oil and natural gas operations in Saskatchewan.

4. Submit Corporate Financial Information

When the required reporting documentation is completed, log in to IRIS and complete the appropriate submission process in the Licensee Obligations module.

Before you log in to IRIS be sure to check the Alerts and Notifications section for system maintenance and availability information.

Log in to IRIS


5. Further Information

IRIS User Learning Centre – Corporate Financial Information Reporting-LLR information is available as a lesson of the Liability Management module.

Contact Us

The Ministry of Energy and Resources Service Desk is available Monday to Friday, 8 a.m. - 5 p.m. CST, excluding holidays.

For any assistance, please contact:

ER Service Desk
1-855-219-9373 (toll free)

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