Rogers 2012 Annual Report Download - page 75

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MANAGEMENT’S DISCUSSION AND ANALYSIS
7. ADDITIONAL FINANCIAL INFORMATION
RELATED PARTY TRANSACTIONS
We have entered into certain transactions in the normal course of
business with related parties in which we have an equity interest. The
amounts paid to these parties are as follows:
Years ended December 31,
(In millions of dollars) 2012 2011 % Chg
Revenues $1$1 –
Purchases $38 $ 51 (25)
We have entered into certain transactions with companies, the
partners or senior officers of which are Directors of Rogers and/or our
subsidiary companies. Total amounts paid to these related parties,
directly or indirectly, are as follows:
Years ended December 31,
(In millions of dollars) 2012 2011 % Chg
Printing, legal services and commission
paid on premiums for insurance
coverage $43 $41 –
We have entered into certain transactions with our controlling
shareholder and the companies it controls. These transactions are
subject to formal agreements approved by the Audit Committee.
Total amounts paid to these related parties for charges to Rogers for
occasional business use of aircraft, net of other administrative
services, were less than $1 million for 2012 and 2011 combined.
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.
2012 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 71