Rogers 2008 Annual Report Download - page 77

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ROGERS COMMUNICATIONS INC. 2008 ANNUAL REPORT 73
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
U.S. GAAP DIFFERENCES
We prepare our financial statements in accordance with Canadian
GAAP. U.S. GAAP differs from Canadian GAAP in certain respects.
The areas of principal differences and their impact on our 2008
Audited Consolidated Financial Statements are described in Note
25 to the 2008 Audited Consolidated Financial Statements. The sig-
nificant differences in accounting relate to:
• Differencesinbusinesscombinationsandconsolidationaccounting;
• GainonSaleofCableSystems;
• Pre-OperatingCostsCapitalized;
• CapitalizedInterest;
• FinancialInstruments;
• Stock-BasedCompensation;
• Pensions;
• IncomeTaxes;and
• InstallationRevenuesandCosts.
Recent U.S. accounting pronouncements are also discussed in Note
25 to the 2008 Audited Consolidated Financial Statements.
6. ADDITIONAL FINANCIAL INFORMATION
RELATED PARTY TRANSACTIONS
We have entered into certain transactions in the normal course
of business with certain broadcasters in which we have an equity
interest. The amounts paid to these broadcasters are as follows:
Years ended December 31,
(In millions of dollars) 2008 2007 % Chg
Access fees paid to broadcasters accounted for by the equity method $ 17 $ 18 –
We have entered into certain transactions with companies, the partners or senior officers of which are or have been Directors of our
Company and/or its subsidiary companies. Total amounts paid to these related parties, directly or indirectly, are as follows:
Years ended December 31,
(In millions of dollars) 2008 2007 % Chg
Legal services and commissions paid on premiums for insurance coverage $ 7 $ 2 n/m
We have entered into certain transactions with our controlling shareholder and companies controlled by the controlling shareholder.
These transactions are subject to formal agreements approved by the Audit Committee. Total amounts paid (received) by us to (from) these
related parties are as follows:
Years ended December 31,
(In millions of dollars) 2008 2007 % Chg
Recoveries for use of aircraft and other administrative services $ (1) $ (1) –
These transactions are measured at the exchange amount, being the amount agreed to by the related parties and are reviewed by the
Audit Committee.