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ROGERS COMMUNICATIONS INC. 2009 ANNUAL REPORT 119
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(c) Deferred share units:
The deferred share unit plan enables directors and certain
key executives of the Company to elect to receive certain
types of remuneration in deferred share units, which are
classified as a liability on the consolidated balance sheets
(2009 – $20 million; 2008 – $27 million). During the year ended
December 31, 2009, the Company granted 110,516 deferred
share units (2008 – 186,084). At December 31, 2009, 613,777
(2008 – 730,454) deferred share units were outstanding. Stock-
based compensation recovery for the year ended December
31, 2009 related to these deferred share units was $2 million
(2008 – $3 million). There is no unrecognized compensation
expense related to deferred share units, since these awards
vest immediately when granted.
(d) Employee share accumulation plan:
The employee share accumulation plan allows employees to
voluntarily participate in a share purchase plan. Under the
terms of the plan, employees of the Company can contribute a
specified percentage of their regular earnings through payroll
deductions. The designated administrator of the plan then
purchases, on a monthly basis, Class B Non-Voting shares of
the Company on the open market on behalf of the employee.
At the end of each month, the Company makes a contribution
of 25% to 50% of the employee’s contribution in the month,
which is recorded as compensation expense. The administrator
then uses this amount to purchase additional shares of the
Company on behalf of the employee, as outlined above.
Compensation expense related to the employee share
accumulation plan amounted to $17 million (2008 – $14 million)
for the year ended December 31, 2009.
20. CONSOLIDATED STATEMENTS OF CASH FLOWS AND SUPPLEMENTAL INFORMATION:
(A) CHANGE IN NON-CASH OPERATING WORKING CAPITAL ITEMS:
2009 2008
Decrease (increase) in accounts receivable $ 93 $ (166)
Decrease (increase) in other assets 76 (176)
Increase in accounts payable and accrued liabilities 50 115
Increase in unearned revenue 45 12
$ 264 $ (215)
(B) SUPPLEMENTAL CASH FLOW INFORMATION:
2009 2008
Income taxes paid $ 8 $ 1
Interest paid 632 532