Rogers 2014 Annual Report Download - page 95

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CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Statements of Changes in Shareholders’ Equity
(In millions of Canadian dollars, except number of shares)
Class A
Voting shares
Class B
Non-voting shares
Year ended December 31, 2014 Amount
Number
of shares
(000s) Amount
Number
of shares
(000s)
Retained
earnings
Available-
for-sale
financial
assets
reserve
Hedging
reserve
Equity
investment
hedging
reserve
Total
shareholders’
equity
Balances, January 1, 2014 72 112,462 401 402,281 3,896 401 (101) – 4,669
Net income for the year – – – – 1,341 – – – 1,341
Other comprehensive income:
Defined benefit pension plans, net of tax – – – – (123) – – – (123)
Available-for-sale investments, net of tax – – – – – 320 – – 320
Derivative instruments, net of tax – – – – – – 205 – 205
Share of equity-accounted investments,
netoftax –– –– – –– 10 10
Total other comprehensive income – – – – (123) 320 205 10 412
Comprehensive income for the year – – – – 1,218 320 205 10 1,753
Transactions with shareholders recorded
directly in equity:
Dividends declared – – – – (942) – – – (942)
Share class exchange – (14) – 14 – – – – –
Shares issued on exercise of stock options – – 1 3 – – – – 1
Total transactions with shareholders – (14) 1 17 (942) – – – (941)
Balances, December 31, 2014 72 112,448 402 402,298 4,172 721 104 10 5,481
Class A
Voting shares
Class B
Non-voting shares
Year ended December 31, 2013 Amount
Number
of shares
(000s) Amount
Number
of shares
(000s)
Retained
earnings
Available-
for-sale
financial
assets
reserve
Hedging
reserve
Equity
investment
hedging
reserve
Total
shareholders’
equity
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:
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 – – – – 98 158 (111) – 145
Comprehensive income for the year – – – – 1,767 158 (111) – 1,814
Transactions with shareholders recorded
directly in equity:
Repurchase of Class B non-voting shares
(note 24) – – (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
The accompanying notes are an integral part of the consolidated financial statements.
2014 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 91