Shaw 2009 Annual Report Download - page 84

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Options to purchase 23,714,667 Class B Non-Voting Shares were outstanding under the
Company’s stock option plan at August 31, 2009 (2008 – 23,963,771; 2007 – 17,574,801).
In addition, Satellite Services options and warrants to issue 33,602 Class B Non-Voting Shares
were outstanding at August 31, 2007 and the Company had the right to issue Class B Non-Voting
Shares in satisfaction of its redemption obligations on the COPrS included in long-term debt at
August 31, 2007.
12. OTHER COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER
COMPREHENSIVE INCOME (LOSS)
Components of other comprehensive income (loss) and the related income tax effects for 2009 are
as follows:
Amount
$
Income Taxes
$
Net
$
Change in unrealized fair value of derivatives designated as
cash flow hedges 26,693 (4,105) 22,588
Proceeds on cancellation of forward purchase contracts 13,384 (4,070) 9,314
Adjustment for hedged items recognized in the period 14,518 (75) 14,443
Reclassification of foreign exchange gain on hedging
derivatives to income to offset foreign exchange loss on
US denominated debt (31,845) 4,509 (27,336)
Unrealized foreign exchange gain on translation of a self-
sustaining foreign operation 31 – 31
22,781 (3,741) 19,040
Components of other comprehensive income (loss) and the related income tax effects for 2008 are
as follows:
Amount
$
Income Taxes
$
Net
$
Change in unrealized fair value of derivatives designated
as cash flow hedges (43,327) 7,134 (36,193)
Adjustment for hedged items recognized in the period 49,801 (9,578) 40,223
Reclassification of foreign exchange gain on hedging
derivatives to income to offset foreign exchange loss on
US denominated debt (5,597) 801 (4,796)
Unrealized foreign exchange gain on translation of a self-
sustaining foreign operation 7 – 7
884 (1,643) (759)
80
Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2009, 2008 and 2007
[all amounts in thousands of Canadian dollars except share and per share amounts]