Shaw 2011 Annual Report Download - page 41

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Shaw Communications Inc.
MANAGEMENT’S DISCUSSION AND ANALYSIS
August 31, 2011
The expected impact on transition to IFRS on the condensed consolidated balance sheet as at
September 1, 2010 is as follows:
(in $000’s Cdn)
Explanation
(per above)
Canadian
GAAP
Unaudited
Estimated
Impact IFRS
ASSETS
Current assets (iii) 595,523 (27,996) 567,527
Investments and other assets 743,273 – 743,273
Property, plant and equipment 3,004,649 – 3,004,649
Other long-term assets 232,843 – 232,843
Deferred income taxes (iii) – 27,996 27,996
Intangibles (iv) 5,577,677 188,306 5,765,983
10,153,965 188,306 10,342,271
LIABILITIES AND SHAREHOLDERS’
EQUITY
Current liabilities (i), (iii), (v) 1,019,439 174,532 1,193,971
Long-term debt 3,981,671 – 3,981,671
Other long-term liabilities (ii) 291,500 137,581 429,081
Derivative instruments 6,482 – 6,482
Deferred credits 632,482 – 632,482
Deferred income taxes (i) to (iv) 1,451,859 (358,574) 1,093,285
7,383,433 (46,461) 7,336,972
Shareholders’ equity (i) to (vi) 2,770,532 234,767 3,005,299
10,153,965 188,306 10,342,271
I. Known events, trends, risks and uncertainties
The Company is subject to a number of risks and uncertainties which could have a material
adverse effect on its future profitability. Included herein is a “Caution Concerning Forward-
Looking Statements” section which should be read in conjunction with this report.
The risks and uncertainties discussed below highlight the more important and relevant factors
that could significantly affect the Company’s operations. They do not represent an exhaustive
list of all potential issues that could affect the financial results of the Company. The principal
risks include:
ŠCompetition and technological change, including change in regulatory risks
ŠInterest rate, foreign exchange, capital market and economic conditions risks
ŠContingencies
ŠUninsured risks of loss
ŠReliance on suppliers
ŠProgramming expenses
ŠUnionized labour
ŠHolding company structure
ŠControl of Shaw by the Shaw family
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