Rogers 2009 Annual Report Download - page 76

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80 ROGERS COMMUNICATIONS INC. 2009 ANNUAL REPORT
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Management maintains a comprehensive system of controls
intended to ensure that transactions are executed in accordance
with management’s authorization, assets are safeguarded, and
financial records are reliable. Management also takes steps to
see that information and communication flows are effective
and to monitor performance, including performance of internal
control procedures.
Management assessed the effectiveness of our internal control
over financial reporting as of December 31, 2009, based on the
criteria set forth in the Internal Control-Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway
Commission (“COSO”). Based on this assessment, management has
concluded that, as of December 31, 2009, our internal control over
Years ended December 31,
(In millions of dollars) 2009 2008
RCI:
Adjusted operating profit $ 4,388 $ 4,060
Divided by total revenue 11,731 11,335
RCI adjusted operating profit margin 37.4% 35.8%
WIRELESS:
Adjusted operating profit $ 3,042 $ 2,806
Divided by network revenue 6,245 5,843
Wireless adjusted operating profit margin 48.7% 48.0%
CABLE:
Cable Operations:
Adjusted operating profit $ 1,298 $ 1,171
Divided by revenue 3,074 2,878
Cable Operations adjusted operating profit margin 42.2% 40.7%
Rogers Business Solutions:
Adjusted operating profit $ 35 $ 59
Divided by revenue 503 526
Rogers Business Solutions adjusted operating profit margin 7.0% 11.2%
Rogers Retail:
Adjusted operating profit (loss) $ (9) $ 3
Divided by revenue 399 417
Rogers Retail adjusted operating profit (loss) margin (2.3%) 0.7%
MEDIA:
Adjusted operating profit $ 119 $ 142
Divided by revenue 1,407 1,496
Media adjusted operating profit margin 8.5% 9.5%
SUPPLEMENTARY INFORMATION: NON-GAAP CALCULATIONS
Operating Profit Margin Calculations
financial reporting is effective. Our independent auditor, KPMG
LLP, has issued an audit report that we maintained, in all material
respects, effective internal control over financial reporting as of
December 31, 2009, based on the criteria established in Internal
Control – Integrated Framework issued by the COSO.
Changes in Internal Control Over Financial Reporting
and Disclosure Controls and Procedures
There have been no changes in our internal controls over financial
reporting during 2009 that have materially affected, or are
reasonably likely to materially affect, our internal controls over
financial reporting.