Rogers 2006 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2006 Rogers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

17 MANAGEMENT’S DISCUSSION AND ANALYSIS
Corporate Overview
18 Our Business
19 Our Strategy
19 Acquisitions
19 Consolidated Financial and Operating Results
24 2007 Financial and Operating Guidance
Segment Review
25 Wireless
32 Cable and Telecom
41 Media
Consolidated Liquidity and Financing
43 Liquidity and Capital Resources
45 Interest Rate and Foreign Exchange Management
46 Outstanding Share Data
47 Dividends and Other Payments on
RCI Equity Securities
47 Commitments and Other Contractual Obligations
48 Off-Balance Sheet Arrangements
Operating Environment
48 Government Regulation and
Regulatory Developments
52 Competition in our Businesses
53 Risks and Uncertainties Affecting our Businesses
Accounting Policies and Non-GAAP Measures
60 Key Performance Indicators and
Non-GAAP Measures
61 Critical Accounting Policies
62 Critical Accounting Estimates
64 New Accounting Standards
65 Recent Canadian Accounting Pronouncements
65 U.S. GAAP Differences
Additional Financial Information
66 Intercompany and Related Party Transactions
68 Five-Year Summary of Consolidated Financial Results
69 Summary of Seasonality and Quarterly Results
71 Controls and Procedures
72 Supplementary Information: Non-GAAP Calculations
FINANCIAL SECTION
CONTENTS
75 MANAGEMENT’S RESPONSIBILITY FOR
FINANCIAL REPORTING
75 AUDITORS’ REPORT TO THE SHAREHOLDERS
76 CONSOLIDATED STATEMENTS OF INCOME
77 CONSOLIDATED BALANCE SHEETS
78 CONSOLIDATED STATEMENTS OF DEFICIT
79 CONSOLIDATED STATEMENTS OF CASH FLOWS
80 NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS
80 Note 1: Nature of the business
80 Note 2: Significant accounting policies
85 Note 3: Segmented information
87 Note 4: Business combinations
89 Note 5: Investment in joint ventures
89 Note 6: Store closure expenses
89 Note 7: Income taxes
91 Note 8: Net income (loss) per share
91 Note 9: Other current assets
92 Note 10: Property, plant and equipment
92 Note 11: Goodwill and intangible assets
93 Note 12: Investments
94 Note 13: Deferred charges
94 Note 14: Other long-term assets
95 Note 15: Long-term debt
98 Note 16: Derivative instruments
98 Note 17: Other long-term liabilities
99 Note 18: Financial instruments
100 Note 19: Pensions
102 Note 20: Shareholders’ equity
105 Note 21: Consolidated statements of cash flows
and supplemental information
106 Note 22: Related party transactions
107 Note 23: Commitments
107 Note 24: Guarantees
108 Note 25: Contingent liabilities
108 Note 26: Canadian and United States
accounting policy differences
113 Note 27: Subsequent events
114 CORPORATE INFORMATION
16 ROG E RS COM MUN I C ATIO NS I NC. 2 0 0 6 AN NUAL R EPO R T