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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
Available-
for-sale
financial
assets
reserve
Total
shareholders’
equityYear ended December 31, 2013 Amount
Number
of shares Amount
Number
of shares
Share
premium
Retained
earnings
Hedging
reserve
(000s) (000s)
Balances, January 1, 2013 $ 72 112,462 $ 397 402,788 $ – $ 3,046 $ 243 $ 10 $ 3,768
Net income for the year – – – – – 1,669 – – 1,669
Other comprehensive income (loss):
Defined benefit pension plans, net of tax – – – – – 98 – – 98
Available-for-sale investments, net of tax – – – – – – 158 – 158
Derivative instruments, net of tax – – – – – – – (111) (111)
Total other comprehensive income (loss) – – – – – 98 158 (111) 145
Comprehensive income for the year – – – – – 1,767 158 (111) 1,814
Transactions with shareholders, recorded directly in
equity:
Repurchase/cancellation of Class B Non-Voting
shares (note 23) – – (1) (591) – (21) – – (22)
Dividends declared – – – – – (896) – – (896)
Shares issued on exercise of stock options – – 5 84 – – – – 5
Total transactions with shareholders – – 4 (507) – (917) – – (913)
Balances, December 31, 2013 $ 72 112,462 $ 401 402,281 $ – $ 3,896 $ 401 $ (101) $ 4,669
Class A
Voting shares
Class B
Non-Voting shares
Available-
for-sale
financial
assets
reserve
Hedging
reserve
Total
shareholders’
equity
Year ended December 31, 2012 Amount
Number
of shares Amount
Number
of shares
Share
premium
Retained
earnings
(000s) (000s)
Balances, January 1, 2012 $ 72 112,462 $ 406 412,395 $ 243 $ 2,443 $ 433 $ (25) $ 3,572
Net income for the year – – – – – 1,693 – – 1,693
Other comprehensive income (loss):
Defined benefit pension plans, net of tax – – – – – (173) – – (173)
Available-for-sale investments, net of tax – – – – – – (190) – (190)
Derivative instruments, net of tax – – – – – – – 35 35
Total other comprehensive income (loss) – – – – – (173) (190) 35 (328)
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 23) – – (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
The accompanying notes are an integral part of the consolidated financial statements.
92 ROGERS COMMUNICATIONS INC. 2013 ANNUAL REPORT