Rogers 2012 Annual Report Download - page 89

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CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(IN MILLIONS OF CANADIAN DOLLARS)
Class A
Voting shares Class B
Non-Voting shares
Years ended December 31, 2012 and 2011 Amount
Number of
shares
(000s) Amount
Number of
shares
(000s) Share
premium Retained
earnings
Available-for-sale
financial
assets reserve Hedging
reserve
Total
shareholders’
equity
Balances, January 1, 2012 $ 72 112,462 $ 406 412,395 $ 243 $ 2,443 $ 433 $ (25) $ 3,572
Net income for the year – – – – – 1,700 – – 1,700
Other comprehensive income (loss):
Defined benefit pension plans, net of tax – – – – – (180) – – (180)
Available-for-sale investments, net of tax – – – – – – (190) – (190)
Derivative instruments, net of tax – – – – – – – 35 35
Total other comprehensive loss – – – – – (180) (190) 35 (335)
Comprehensive income for the year – – – – – 1,520 (190) 35 1,365
Transactions with shareholders, recorded
directly in equity:
Repurchase of Class B Non-Voting shares
(note 22(c)) – – (10) (9,637) (243) (97) – – (350)
Dividends declared – – – – – (820) – – (820)
Shares issued on exercise of stock options – – 1 30 – – – – 1
Total transactions with shareholders – – (9) (9,607) (243) (917) – – (1,169)
Balances, December 31, 2012 $ 72 112,462 $ 397 402,788 $ – $ 3,046 $ 243 $ 10 $ 3,768
Class A
Voting shares Class B
Non-Voting shares
Available-for-sale
financial
assets reserve
Amount
Number of
shares
(000s) Amount
Number of
shares
(000s) Share
premium Retained
earnings Hedging
reserve
Total
shareholders’
equity
Balances, January 1, 2011 $ 72 112,462 $ 426 443,072 $ 1,113 $ 1,923 $ 281 $ (55) $ 3,760
Net income for the year – – – – – 1,563 – – 1,563
Other comprehensive income (loss):
Defined benefit pension plans, net of tax – – – – – (67) – – (67)
Available-for-sale investments, net of tax – – – – – – 152 – 152
Derivative instruments, net of tax – – – – – – – 30 30
Total other comprehensive income – – – – – (67) 152 30 115
Comprehensive income for the year – – – – – 1,496 152 30 1,678
Transactions with shareholders, recorded
directly in equity:
Repurchase of Class B Non-Voting shares
(note 22(c)) – – (30) (30,943) (870) (199) – – (1,099)
Dividends declared – – – – – (766) – – (766)
Shares issued on exercise of stock options – – 10 266 – – – – 10
Acquisition of non-controlling interests
(note 7) – – – – – (11) – – (11)
Total transactions with shareholders – – (20) (30,677) (870) (976) – – (1,866)
Balances, December 31, 2011 $ 72 112,462 $ 406 412,395 $ 243 $ 2,443 $ 433 $ (25) $ 3,572
The accompanying notes are an integral part of the consolidated financial statements.
2012 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 85