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54 COGECO CABLE INC. 2013 Consolidated financial statements
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
Equity attributable to owners of the Corporation
Years ended August 31, 2013 and 2012 Share
capital
Share-based
payment
reserve
Accumulated
other
comprehensive
income Retained
earnings
Equity
attributable to
non-controlling
interest
Total
shareholders'
equity
(In thousands of Canadian dollars) $ $ $ $ $ $
(note 16) (note 16) (note 17)
Balance at September 1, 2011 992,922 7,782 22,554 9,994 — 1,033,252
Profit for the year — — — 224,963 — 224,963
Other comprehensive loss for the year — — (19,449) (3,056) — (22,505)
Comprehensive income for the year — — (19,449) 221,907 — 202,458
Issuance of subordinate voting shares under the Stock Option
Plan 1,295 — — — — 1,295
Share-based payment — 2,438 — — — 2,438
Share-based payment previously recorded in share-based
payment reserve for options exercised 375 (375) — — — —
Dividends on multiple voting shares — — — (15,691) — (15,691)
Dividends on subordinate voting shares — — — (32,965) — (32,965)
Acquisition of subordinate voting shares held in trust under
the Incentive Share Unit Plan (3,049) — — — — (3,049)
Distribution to employees of subordinate voting shares held in
trust under the Incentive Share Unit Plan 99 (96) — (3) — —
Disposal of subordinate voting shares held in trust under the
Incentive Share Unit Plan 522 — — 171 — 693
Total contributions by and distributions to shareholders (758) 1,967 — (48,488) — (47,279)
Balance at August 31, 2012 992,164 9,749 3,105 183,413 — 1,188,431
Profit for the year — — — 185,083 — 185,083
Other comprehensive income for the year — — 17,149 2,371 — 19,520
Comprehensive income for the year — — 17,149 187,454 — 204,603
Issuance of subordinate voting shares under the Stock Option
Plan 2,362 — — — — 2,362
Share-based payment —3,363 — — — 3,363
Share-based payment previously recorded in share-based
payment reserve for options exercised 808 (808) — — — —
Dividends on multiple voting shares — — — (16,319) — (16,319)
Dividends on subordinate voting shares — — — (34,272) — (34,272)
Acquisition of subordinate voting shares held in trust under
the Incentive Share Unit Plan (4,076) — — — — (4,076)
Distribution to employees of subordinate voting shares held in
trust under the Incentive Share Unit Plan 1,415 (1,420) — 5 — —
Non controlling interest acquired as a result of business
combinations (note 5) — — — — 16,962 16,962
Acquisition of non-controlling interest (note 5) — — — — (16,962) (16,962)
Total contributions by and distributions to shareholders 509 1,135 — (50,586) — (48,942)
Balance at August 31, 2013 992,673 10,884 20,254 320,281 — 1,344,092