Rogers 2012 Annual Report Download - page 87

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CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(IN MILLIONS OF CANADIAN DOLLARS)
Years ended December 31, Note 2012 2011
Net income for the year $ 1,700 $ 1,563
Other comprehensive income (loss):
Items that will not be reclassified to income:
Defined benefit pension plans
Actuarial loss 21 (244) (89)
Related income tax recovery 21 64 22
Items that will not be reclassified to net income (180) (67)
Items that may subsequently be reclassified to income:
Change in fair value of available-for-sale investments
Increase (decrease) in fair value (216) 174
Related income tax recovery (expense) 26 (22)
(190) 152
Cash flow hedging derivative instruments
Change in fair value of derivative instruments (103) 33
Reclassification to net income due to settlement of cross-currency interest rate exchange agreements –22
Reclassification to net income for foreign exchange (loss)/gain on long-term debt 85 (73)
Reclassification to net income of accrued interest 61 69
Related income tax expense (8) (21)
35 30
Items that may subsequently be reclassified to net income (155) 182
Other comprehensive income (loss) for the year (335) 115
Comprehensive income for the year $ 1,365 $ 1,678
The accompanying notes are an integral part of the consolidated financial statements.
2012 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 83