Rogers 2015 Annual Report Download - page 104
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 5: OPERATING REVENUE
ACCOUNTING POLICY
Revenue recognition
We recognize revenue when we can estimate its amount, have delivered on our obligations within the revenue-generating arrangements,
and are reasonably assured that we can collect it. Revenue is recognized net of discounts.
Source of revenue How we recognize revenue
Monthly subscriber fees for:
• wireless airtime and data services;
• cable, telephony, and Internet services;
• network services;
• media subscriptions; and
•rentalofequipment
• Astheserviceisprovided
Revenue from roaming, long distance, pay per use, and other
optional or non-subscription services and other sales of products
• As the service is provided or product is delivered
Revenue from the sale of wireless and cable equipment • When the equipment is delivered and accepted by the
independent dealer or subscriber in a direct sales channel
Equipment subsidies related to providing equipment to new
and existing subscribers
• As a reduction of equipment revenue when the equipment is
activated
Activation fees charged to subscribers in Wireless • As part of equipment revenue upon activation of the
equipment
• These fees do not meet the criteria as a separate unit of
accounting
Advertising revenue • When the advertising airs on our radio or television stations, is
featured in our publications, or displayed on our digital
properties
Monthly subscription revenue received by television stations for
subscriptions from cable and satellite providers
• When the services are delivered to cable and satellite
providers’ subscribers
Toronto Blue Jays revenue from home game admission and
concessions
• When the related games are played during the baseball
season and when goods are sold
Toronto Blue Jays revenue from the Major League Baseball
Revenue Sharing Agreement which redistributes funds between
member clubs based on each club’s relative revenue
• When the amount can be determined
Revenue from Toronto Blue Jays, radio, and television broadcast
agreements
• At the time the related games are aired
Revenue from sublicensing of program rights • Over the course of the applicable season
Awards granted to customers through customer loyalty
programs, which are considered a separately identifiable
component of the sales transactions
• Estimate the portion of the original sale to allocate to the
award credit based on the fair value of the future goods and
services that can be obtained when the credit is redeemed
• Defer the allocated amount as unearned revenue until the
awards are redeemed by the customer and we provide the
goods or services
• Recognize revenue based on the redemption of award
credits relative to the award credits that we expect to be
redeemed
Interest income on credit card receivables • As it is earned (i.e. upon the passage of time) using the
effective interest method
102 ROGERS COMMUNICATIONS INC. 2015 ANNUAL REPORT