Segment Disclosures

3 Months Ended

Jun. 30, 2013

Segment Disclosures

Segment Disclosures

12. Segment Disclosures

The Company’s process for the identification of reportable segments involves examining the nature of services offered, the types of customer contracts entered into and the nature of the economic and regulatory environment.

Niska Partners operates along functional lines in its commercial, engineering, and operations teams for operations in Alberta, Northern California, and the U.S. Mid-continent.  All functional lines and facilities offer the same services: fee-based revenue, and optimization. The Company has a small marketing business which is an extension of the Company’s proprietary optimization activities. Proprietary optimization activities occur when the Company purchases, stores and sells natural gas for its own account in order to utilize or optimize storage capacity that is not contracted or available to third party customers. All services are delivered using reservoir storage.  The Company measures profitability consistently along all functional lines based on revenues and earnings before interest, taxes, depreciation and amortization, before unrealized risk management gains and losses.  The Company has aggregated its operating segments into one reportable segment as at June 30, 2013 and March 31, 2013 and for each of the quarters ended June 30, 2013 and 2012.

Information pertaining to the Company’s short-term and long-term contract services and net optimization revenues is presented in the consolidated statements of earnings and comprehensive income.  All facilities have the same types of customers: major companies in the energy industry, industrial, commercial, and local distribution companies, and municipal energy consumers.

The following tables summarize the net revenues and long-lived assets by geographic area:

	Three Months Ended
	June 30,
	2013		2012
Net realized revenues
U.S.	$	8,494	$	11,919
Canada	28,577		36,482
Net unrealized revenues
U.S.	12,454		(15,378		)
Canada	7,664		(35,810		)
Inter-entity
U.S.	—		—
Canada	—		—
	$	57,189	$	(2,787	)

	June 30,		March 31,
	2013		2013
Long-lived assets (at period end)
U.S.	$	407,430	$	411,420
Canada	851,608		858,604
	$	1,259,038	$	1,270,024