Shaw 2010 Annual Report Download - page 36

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The provisions of Section 3064 were adopted retrospectively with restatement of prior periods. The
impact on the Consolidated Balance Sheets as at August 31, 2010 and August 31, 2009 and on the
Consolidated Statements of Income and Retained Earnings (Deficit) for the year ended August 31,
2010, 2009 and 2008 is as follows:
August 31, 2010
$
August 31, 2009
$
Increase (decrease)
Consolidated balance sheets:
Property, plant and equipment (156,469) (105,180)
Deferred charges (4,266) (3,383)
Intangibles 156,469 105,180
Future income taxes (1,077) (863)
Retained earnings (3,189) (2,520)
Decrease in retained earnings:
Adjustment for change in accounting policy (2,520) (3,756)
Increase (decrease) in net income (669) 1,236
(3,189) (2,520)
2010 2009 2008
Year ended August 31,
$$ $
Consolidated statements of income:
Decrease (increase) in operating, general and
administrative expenses (883) 1,659 2,693
Decrease in amortization of property, plant and equipment 33,285 30,774 23,954
Increase in amortization of other intangibles (33,285) (30,774) (23,954)
Decrease (increase) in income tax expense 214 (423) (1,054)
Increase (decrease) in net income and comprehensive
income (669) 1,236 1,639
Increase (decrease) in earnings per share –––
The cash outflows for additions to other intangibles have been reclassified from property, plant and
equipment and presented separately in the Consolidated Statements of Cash Flows for the year
ended August 31, 2010, 2009 and 2008.
ii) Financial instruments
The Company adopted the amendments to CICA Handbook Section 3862 “Financial Instruments –
Disclosures” which enhances disclosures about how fair values are determined, whether those fair
values are derived through estimation methods or from objective evidence and about the liquidity
risk of financial instruments. The new disclosures are included in note 19 to the Consolidated
Financial Statements.
The Company adopted the amendments to CICA Handbook Section 3855 “Financial Instruments –
Recognition and Measurement” which provides additional guidance in respect of impairment of
debt instruments and classification of financial instruments. The adoption of this standard had no
impact on the Company’s consolidated financial statements.
32
Shaw Communications Inc.
MANAGEMENT’S DISCUSSION AND ANALYSIS
August 31, 2010