Rogers 2005 Annual Report Download - page 17

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Management’s discussion and analysis (“MD&A”) should be read in conjunction with our 2005 Audited Consolidated
Financial Statements and Notes thereto. The financial information presented herein has been prepared on the basis
of Canadian generally accepted accounting principles (“GAAP”) and is expressed in Canadian dollars, unless otherwise
stated. Please refer to Note 23 to the 2005 Audited Consolidated Financial Statements for a summary of differences
between Canadian and United States (“U.S.”) GAAP. This MD&A, which is current as of March 1, 2006, is organized into
six sections.
Management’s Discussion and Analysis of
Financial Condition and Results of Operations
FO R TH E YE A R EN DE D DE C EM BER 3 1, 2 00 5
13 ROGERS 2005 ANNUAL REPORT . MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
SEGMENT
REVIEW
Wireless 22
Cable 33
Telecom 40
Media 45
Changes to Future Segment 47
Reporting
CORPORATE
OVERVIEW
Our Business 15
Our Strategy 15
Recent Acquisitions 15
Consolidated Financial and 16
Operating Results
FINANCING AND
RISK MANAGEMENT
Consolidated Liquidity and 47
Capital Resources
Interest Rate and Foreign 50
Exchange Management
Outstanding Share Data 52
Dividends and Other Payments 53
on RCI Equity Securities
Commitments and Other 54
Contractual Obligations
Off-Balance Sheet 54
Arrangements
ACCOUNTING POLICIES AND
NON-GAAP MEASURES
Key Performance Indicators 74
and Non-GAAP Measures
Critical Accounting Policies 77
Critical Accounting Estimates 78
New Accounting Standards 81
U.S. GAAP Differences 83
Intercompany and Related Party 83
Transactions
OPERATING
ENVIRONMENT
Government Regulation and 55
Regulatory Developments
Competition 60
Risks and Uncertainties 62
ADDITIONAL FINANCIAL
INFORMATION
2006 Financial and Operating 87
Guidance
Five-Year Financial Summary 90
Summary of Seasonality and 91
Quarterly Results
Supplementary Information: 92
2005 Quarterly Summary
Supplementary Information: 93
2004 Quarterly Summary
Supplementary Information: 95
Non-GAAP Calculations
321
654