Rogers 2011 Annual Report Download - page 74
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MANAGEMENT’S DISCUSSION AND ANALYSIS
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) 2011 2010 % Chg
Fees paid to broadcasters accounted for by the equity method $17 $16 6
We have entered into certain transactions with companies, the
partners or senior officers of which are 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) 2011 2010 % Chg
Printing, legal services and commission paid on premiums for insurance coverage $41 $39 5
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 to these related parties for
charges to Rogers for business use of aircraft, net of other
administrative services, were less than $1 million for the years ended
December 31, 2011 and 2010.
These transactions are measured at the exchange amount, being the
amount agreed to by the related parties and are reviewed by the
Audit Committee and are at market terms and conditions.
70 ROGERS COMMUNICATIONS INC. 2011 ANNUAL REPORT