Shaw 2009 Annual Report Download - page 56

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Contractual obligations
The amounts of estimated future payments under the Company’s contractual obligations at
August 31, 2009 are detailed in the following table.
CONTRACTUAL OBLIGATIONS
(In $000’s Cdn) Total
Within
1 year 2-3 years 4-5 years
More than
5 years
Payments due by period
Long-term debt
(1)
4,520,397 892,694 1,186,088 1,617,340 824,275
Operating lease
obligations
(2)
832,201 119,529 216,118 200,313 296,241
Other long-term
obligations 79,233 1,448 2,856 12,880 62,049
5,431,831 1,013,671 1,405,062 1,830,533 1,182,565
(1) Includes interest payments. Principal and interest payments for US denominated long-term debt are
reflected at the hedged rates of the associated cross-currency interest rate agreements.
(2) Includes maintenance and lease of satellite transponders, lease of transmission facilities and lease of
premises
VII. ADDITIONAL INFORMATION
Additional information relating to Shaw, including the Company’s Annual Information Form dated
November 30, 2009, can be found on SEDAR at www.sedar.com.
VIII. COMPLIANCE WITH NYSE CORPORATE GOVERNANCE LISTING STANDARDS
Disclosure of the Company’s corporate governance practices which differ from the New York Stock
Exchange (“NYSE”) corporate governance listing standards are posted on Shaw’s website,
www.shaw.ca (under Investor Relations/Corporate Governance/Other Corporate Governance
Information/Compliance with NYSE Corporate Governance Listing Standards).
IX. CERTIFICATION
The Company’s Chief Executive Officer and Senior Vice President & Chief Financial Officer have
filed certifications regarding Shaw’s disclosure controls and procedures and internal control over
financial reporting.
As at August 31, 2009, the Company’s management, together with its Chief Executive Officer and
Senior Vice President & Chief Financial Officer, has evaluated the effectiveness of the design and
operation of each of the Company’s disclosure controls and procedures and internal control over
financial reporting. Based on these evaluations, the Chief Executive Officer and Senior Vice
President & Chief Financial Officer have concluded that the Company’s disclosure controls and
procedures and the Company’s internal control over financial reporting are effective.
There were no changes in the Company’s internal controls over financial reporting during the fiscal
year that have materially affected or are reasonably likely to materially affect Shaw’s internal
controls over financial reporting.
The design of any system of controls and procedures is based in part upon certain assumptions
about the likelihood of certain events. There can be no assurance that any design will succeed in
achieving its stated goals under all potential future conditions, regardless of how remote.
52
Shaw Communications Inc.
MANAGEMENT’S DISCUSSION AND ANALYSIS
August 31, 2009