Rogers 2015 Annual Report Download - page 99

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Notes to Consolidated Financial Statements
We, us, our, Rogers, Rogers Communications, and the Company refer to Rogers Communications Inc. and its subsidiaries. RCI refers to the
legal entity Rogers Communications Inc., not including its subsidiaries. RCI also holds interests in various investments and ventures.
Page Note Page Note
97 Note 1 Nature of the Business 121 Note 17 Investments
98 Note 2 Significant Accounting Policies 122 Note 18 Other Long-Term Assets
100 Note 3 Capital Risk Management 122 Note 19 Short-Term Borrowings
100 Note 4 Segmented Information 122 Note 20 Provisions
102 Note 5 Operating Revenue 123 Note 21 Long-Term Debt
103 Note 6 Operating Costs 126 Note 22 Other Long-Term Liabilities
104 Note 7 Property, Plant and Equipment 126 Note 23 Post-Employment Benefits
106 Note 8 Intangible Assets and Goodwill 129 Note 24 Shareholders’ Equity
109 Note 9 Restructuring, Acquisition and Other 130 Note 25 Stock-Based Compensation
109 Note 10 Finance Costs 133 Note 26 Business Combinations
109 Note 11 Other (Income) Expense 134 Note 27 Related Party Transactions
110 Note 12 Income Taxes 136 Note 28 Guarantees
112 Note 13 Earnings Per Share 136 Note 29 Commitments and Contingent Liabilities
112 Note 14 Accounts Receivable 138 Note 30 Supplemental Cash Flow Information
113 Note 15 Inventories
113 Note 16 Financial Risk Management and Financial
Instruments
NOTE 1: NATURE OF THE BUSINESS
Rogers Communications Inc. is a diversified Canadian
communications and media company. Substantially all of our
operations and sales are in Canada. RCI is incorporated in Canada
and its registered office is located at 333 Bloor Street East, Toronto,
Ontario, M4W 1G9. RCI’s shares are publicly traded on the Toronto
Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock
Exchange (NYSE: RCI).
We report our results of operations in four segments. Each
segment and the nature of its business are as follows:
Segment Principal activities
Wireless Wireless telecommunications operations
for Canadian consumers and businesses
Cable Cable telecommunications operations,
including Internet, television, and
telephony (phone) services for Canadian
consumers and businesses
Business Solutions Network connectivity through our fibre
network and data centre assets to support
a range of voice, data, networking,
hosting, and cloud-based services for
small, medium, and large Canadian
businesses, governments, and on a
wholesale basis to other
telecommunications providers
Media A diversified portfolio of media properties,
including television and radio
broadcasting, specialty channels, multi-
platform shopping, publishing, sports
media and entertainment, and digital
media
During the year, Wireless, Cable, and Business Solutions were
operated by our wholly-owned subsidiary, Rogers Communications
Partnership (RCP), and certain other wholly-owned subsidiaries.
Media is operated by our wholly-owned subsidiary, Rogers Media
Inc., and its subsidiaries.
See note 4 for more information about our reportable operating
segments.
On January 1, 2016, Fido Solutions Inc., a subsidiary of RCI,
transferred its partnership interest in RCP to Rogers Cable and Data
Centres Inc. (RCDCI), a subsidiary of RCI, leaving RCDCI as the sole
partner of RCP, thereby causing RCP to cease to exist. RCDCI
became the owner of all the assets and assumed all the liabilities
previously held by RCP. Subsequent to the reorganization, RCDCI
changed its name to Rogers Communications Canada Inc. (RCCI).
STATEMENT OF COMPLIANCE
We prepared our consolidated financial statements in accordance
with International Financial Reporting Standards (IFRS) as issued by
the International Accounting Standards Board (IASB). Our Board of
Directors authorized these consolidated financial statements for
issue on February 11, 2016.
2015 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 97