Rogers 2011 Annual Report Download - page 23

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FINANCIAL SECTION CONTENTS
20 MANAGEMENT’S DISCUSSION AND ANALYSIS
Corporate Overview
21 Our Business
22 Our Strategy
22 Consolidated Financial and Operating Results
25 2012 Financial Guidance
Segment Review and Reconciliation to Net Income
25 Wireless
31 Cable
41 Media
44 Corporate
45 Reconciliation of Net Income to Operating Profit
Consolidated Liquidity and Financing
47 Liquidity and Capital Resources
50 Interest Rate and Foreign Exchange Management
52 Outstanding Common Share Data
52 Dividends on RCI Equity Securities
53 Commitments and Other Contractual Obligations
54 Off-Balance Sheet Arrangements
Operating Environment
54 Government Regulation and Regulatory Developments
55 Wireless Regulation and Regulatory Developments
56 Cable Regulation and Regulatory Developments
57 Media Regulation and Regulatory Developments
58 Competition in our Businesses
59 Risks and Uncertainties Affecting our Businesses
Accounting Policies and Non-GAAP Measures
64 Key Performance Indicators and Non-GAAP Measures
65 Critical Accounting Policies
66 Critical Accounting Estimates
68 New Accounting Standards
68 Recent Accounting Pronouncements
Additional Financial Information
70 Related Party Transactions
71 Five-Year Summary of Consolidated Financial Results
72 Summary of Seasonality and Quarterly Results
74 Summary of Financial Results of Long-Term Debt Guarantors
74 Controls and Procedures
75 Supplementary Information: Non-GAAP Calculations
78 MANAGEMENT’S RESPONSIBILITY FOR
FINANCIAL REPORTING
78 INDEPENDENT AUDITORS’ REPORT OF REGISTERED
PUBLIC ACCOUNTING FIRM
79 CONSOLIDATED STATEMENTS OF INCOME
80 CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME
81 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
82 CONSOLIDATED STATEMENTS OF CHANGES IN
SHAREHOLDERS’ EQUITY
83 CONSOLIDATED STATEMENTS OF CASH FLOWS
84 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
84 Note 1: Nature of the Business
84 Note 2: Significant Accounting Policies
92 Note 3: Transition to IFRS
99 Note 4: Segmented Information
101 Note 5: Operating Costs
101 Note 6: Finance Costs
101 Note 7: Business Combinations and Divestitures
103 Note 8: Integration, Restructuring and Acquisition Costs
104 Note 9: Income Taxes
105 Note 10: Earnings per Share
105 Note 11: Other Current Assets
106 Note 12: Property, Plant and Equipment
107 Note 13: Goodwill and Intangible Assets
108 Note 14: Investments
109 Note 15: Other Long-Term Assets
109 Note 16: Provisions
110 Note 17: Long-Term Debt
112 Note 18: Financial Risk Management and Financial
Instruments
117 Note 19: Other Long-Term Liabilities
117 Note 20: Pensions
119 Note 21: Shareholders’ Equity
120 Note 22: Stock Options, Share Units and Share Purchase
Plans
122 Note 23: Capital Risk Management
123 Note 24: Related Party Transactions
124 Note 25: Commitments
125 Note 26: Contingent Liabilities
125 Note 27: Subsequent Events
126 CORPORATE GOVERNANCE
128 DIRECTORS AND SENIOR CORPORATE OFFICERS
130 CORPORATE AND SHAREHOLDER INFORMATION
2011 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 19