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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The tables below set out the undiscounted contractual maturities of our financial liabilities and the receivable components of our
derivatives as at December 31, 2015 and 2014.
December 31, 2015
(In millions of dollars)
Carrying
amount
Contractual
cash flows
Less than
1year
1to3
years
4to5
years
More than
5years
Short-term borrowings 800 800 800 – – –
Accounts payable and accrued liabilities 2,708 2,708 2,708 – – –
Long-term debt 16,870 16,981 1,000 3,188 1,800 10,993
Other long-term financial liabilities 28 28 – 19 5 4
Expenditure derivative instruments:
Cash outflow (Canadian dollar) – 1,415 1,025 390 – –
Cash inflow (Canadian dollar equivalent of US dollar) – (1,578) (1,163) (415) – –
Equity derivative instruments – 15 15 – – –
Debt derivative instruments:
Cash outflow (Canadian dollar) – 6,746 – 1,435 – 5,311
Cash inflow (Canadian dollar equivalent of US dollar) 1– (8,581) – (1,938) – (6,643)
Bond forwards:
Cash outflow – 91 – 91 – –
Cashinflow – –––––
Net carrying amount of derivatives (asset) (2,080)
18,326 18,625 4,385 2,770 1,805 9,665
1Represents Canadian dollar equivalent amount of US dollar inflows matched to an equal amount of US dollar maturities in long-term debt for debt derivatives.
December 31, 2014
(In millions of dollars)
Carrying
amount
Contractual
cash flows
Less than
1year
1to3
years
4to5
years
More than
5years
Short-term borrowings 842 842 842 – – –
Accounts payable and accrued liabilities 2,578 2,578 2,578 – – –
Long-term debt 14,787 14,895 963 1,750 2,524 9,658
Other long-term financial liabilities 26 26 – 12 9 5
Expenditure derivative instruments:
Cash outflow (Canadian dollar) – 1,050 790 260 – –
Cash inflow (Canadian dollar equivalent of US dollar) – (1,114) (835) (279) – –
Equity derivative instruments – 30 30 – – –
Debt derivative instruments:
Cash outflow (Canadian dollar) – 6,313 905 – 1,435 3,973
Cash inflow (Canadian dollar equivalent of US dollar) 1– (6,995) (963) – (1,624) (4,408)
Bond forwards:
Cashoutflow –14338 –
Cash inflow – (1) – – (1) –
Net carrying amount of derivatives (asset) (873)
17,360 17,638 4,313 1,746 2,351 9,228
1Represents Canadian dollar equivalent amount of US dollar inflows matched to an equal amount of US dollar maturities in long-term debt for debt derivatives.
The tables below show net interest payments over the life of the
long-term debt, including the impact of the associated debt
derivatives, as at December 31, 2015 and 2014.
December 31, 2015
(In millions of dollars)
Less than
1year 1to3years 4to5years
More than
5years
Net interest payments 714 1,313 1,042 6,025
December 31, 2014
(In millions of dollars)
Less than
1year 1to3years 4to5years
More than
5years
Net interest payments 757 1,343 1,143 6,022
116 ROGERS COMMUNICATIONS INC. 2015 ANNUAL REPORT