Shaw 2011 Annual Report Download - page 127

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Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2011, 2010 and 2009
[all amounts in thousands of Canadian dollars except share and per share amounts]
19. OTHER LONG-TERM LIABILITIES
2011
$
2010
$
Pension liabilities [note 18] 169,593 132,839
Amended cross-currency interest rate agreements [note 21] –158,661
CRTC benefit obligations 146,970 –
Post retirement liabilities [note 18] 15,693 –
Program rights liabilities 7,527 –
Asset retirement obligations 7,770 –
Other 3,569 –
351,122 291,500
20. RELATED PARTY TRANSACTIONS
The following sets forth transactions in which the Company and its affiliates, directors or
executive officers are involved.
Normal course transactions
The Company has entered into certain transactions and agreements in the normal course of
business with certain of its related parties. These transactions are measured at the exchange
amount, which is the amount of consideration established and agreed to by the related parties.
Corus Entertainment Inc. (“Corus”)
The Company and Corus are subject to common voting control. During the year, network fees of
$136,487 (2010 – $135,334; 2009 – $121,659), advertising fees of $1,482 (2010 – $502;
2009 – $621) and programming fees of $876 (2010 – $1,070; 2009 – $1,066) were paid to
various Corus subsidiaries and entities subject to significant influence. In addition, the
Company provided administrative and other services for $1,274 (2010 – $1,909; 2009 –
$1,934), uplink of television signals for $4,861 (2010 – $4,930; 2009 – $5,112) and
Internet services and lease of circuits for $1,488 (2010 – $1,461; 2009 – $1,167). During
2010 and 2009, the Company provided cable system distribution access and affiliate
broadcasting services to Corus Custom Networks, the advertising division of Corus, for $1,518
and $1,514, respectively.
The Company provided Corus with television advertising spots in return for radio and television
advertising. No monetary consideration was exchanged for these transactions and no amounts
were recorded in the accounts.
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