Rogers 2014 Annual Report Download - page 107
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 4: SEGMENTED INFORMATION
Our reportable segments are Wireless, Cable, Business Solutions and
Media. All four segments operate substantially in Canada. Corporate
items and eliminations include our interests in businesses that are not
reportable operating segments, corporate administrative functions and
eliminations of inter-segment revenue and costs. We follow the same
accounting policies for our segments as those described in note 2.
Segment results include items directly attributable to a segment as well
as those that can be allocated on a reasonable basis. We account for
transactions between reportable segments in the same way we
account for transactions with external parties and eliminate them on
consolidation.
The Chief Executive Officer and Chief Financial Officer of RCI are the
chief operating decision makers and regularly review our operations
and performance by segment. They review adjusted operating profit
as the key measure of profit for the purpose of assessing performance
for each segment and to make decisions about the allocation of
resources. Adjusted operating profit is income before restructuring,
acquisition and other, stock-based compensation, depreciation and
amortization, finance costs, other expense (income) and income taxes.
INFORMATION BY SEGMENT
Year ended December 31, 2014
(In millions of dollars) Note Wireless Cable
Business
Solutions Media
Corporate
items and
eliminations
Consolidated
totals
Operating revenue 57,305 3,467 382 1,826 (130) 12,850
Operating costs 14,059 1,802 260 1,695 15 7,831
Adjusted operating profit 3,246 1,665 122 131 (145) 5,019
Restructuring, acquisition and other 9173
Stock-based compensation 125 37
Depreciation and amortization 7, 8 2,144
Finance costs 10 817
Other expense 1
Income before income taxes 1,847
Additions to property, plant and equipment 978 1,055 146 94 93 2,366
Goodwill 1,155 1,379 426 923 – 3,883
Total assets 12,935 6,019 1,219 2,466 3,883 26,522
Year ended December 31, 2013
(In millions of dollars) Note Wireless Cable
Business
Solutions Media
Corporate
items and
eliminations
Consolidated
totals
Operating revenue 57,270 3,475 374 1,704 (117) 12,706
Operating costs 14,113 1,757 268 1,543 32 7,713
Adjusted operating profit 3,157 1,718 106 161 (149) 4,993
Restructuring, acquisition and other 985
Stock-based compensation 125 84
Depreciation and amortization 7, 8 1,898
Finance costs 10 742
Other income (81)
Income before income taxes 2,265
Additions to property, plant and equipment 865 1,105 107 79 84 2,240
Goodwill 1,146 1,256 426 923 – 3,751
Total assets 9,775 5,527 1,195 2,247 4,857 23,601
1Included in Operating costs on the Consolidated Statements of Income.
2014 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 103