Shaw 2010 Annual Report Download - page 66

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Off-balance sheet arrangement and guarantees
Guarantees
Generally it is not the Company’s policy to issue guarantees to non-controlled affiliates or third
parties; however, it has entered into certain agreements as more fully described in Note 16 to the
Consolidated Financial Statements. As disclosed thereto, Shaw believes it is remote that these
agreements would require any cash payment.
Contractual obligations
The amounts of estimated future payments under the Company’s contractual obligations at
August 31, 2010 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)
6,578,505 250,320 936,915 1,316,710 4,074,560
Operating lease
obligations
(2)
1,641,795 202,436 420,002 462,202 557,155
Other long-term
obligations
(3)
283,620 24,631 176,200 19,583 63,206
(1) Includes interest payments.
(2) Includes maintenance and lease of satellite transponders, program related agreements, lease of
transmission facilities and lease of premises.
(3) Includes expected benefit payments under the defined benefit pension plan, the liability in respect of
amended cross-currency interest rate exchange agreements and the estimated net cash outflow for
derivative instruments based on the US dollar foreign exchange rate as at August 31, 2010.
VII. ADDITIONAL INFORMATION
Additional information relating to Shaw, including the Company’s Annual Information Form dated
November 5, 2010, 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 Chief Financial Officer have filed certifications
regarding Shaw’s disclosure controls and procedures and internal control over financial reporting.
As at August 31, 2010, the Company’s management, together with its Chief Executive Officer and
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 Chief Financial Officer have concluded that
62
Shaw Communications Inc.
MANAGEMENT’S DISCUSSION AND ANALYSIS
August 31, 2010