Rogers 2006 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 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

76 ROG E RS COM MUN I C AT I ONS INC . 2006 A NNUAL REP ORT
CONSOLIDATED STATEMENTS
OF INCOME
(IN MILLIO NS OF C ANADIA N DOL L ARS , EXCEPT PER SH A RE AMOUNTS )
Years ended December 31, 2006 and 2005 2006 2005
(Restated –
note 2(b))
Operating revenue (note 3(b)) $ 8,838 $ 7,334
Cost of sales 956 940
Sales and marketing expenses 1,226 1,122
Operating, general and administrative expenses 3,763 3,062
Integration and store closure expenses (notes 4(d) and 6) 18 66
Depreciation and amortization 1,584 1,489
Operating income 1,291 655
Interest on long-term debt 620 699
671 (44)
Loss on repayment of long-term debt (note 15(d)) (1) (11)
Foreign exchange gain (note 2(h)) 2 35
Change in fair value of derivative instruments (4) (25)
Other income, net 10 2
Income (loss) before income taxes 678 (43)
Income tax expense (reduction) (note 7):
Current (5) 11
Future 61 (9)
56 2
Net income (loss) for the year $ 622 $ (45)
Net income (loss) per share (note 8):
Basic $ 0.99 $ (0.08)
Diluted 0.97 (0.08)
See accompanying notes to consolidated financial statements.