Shaw 2011 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2011 Shaw annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 149

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149

Shaw Communications Inc.
MANAGEMENT’S DISCUSSION AND ANALYSIS
August 31, 2011
Contractual obligations
The amounts of estimated future payments under the Company’s contractual obligations at
August 31, 2011 are detailed in the following table.
CONTRACTUAL OBLIGATIONS
Payments due by period
(In $000’s Cdn) Total
Within
1 year 2 – 3 years 4 – 5 years
More than
5 years
Long-term debt (1) 9,428,435 331,820 2,009,340 776,501 6,310,774
Operating obligations (2) 2,052,968 616,542 550,356 393,684 492,386
Purchase obligations (3) 45,273 19,723 25,550 – –
Other long-term
obligations (4) 253,211 14,131 41,575 55,122 142,383
11,779,887 982,216 2,626,821 1,225,307 6,945,543
(1) Includes principal repayments and interest payments.
(2) Includes maintenance and lease of satellite transponders, program related agreements,
lease of transmission facilities and lease of premises.
(3) Includes capital expenditure and inventory purchase commitments.
(4) Includes expected payments primarily in respect of defined benefit plans and program
rights.
VII. ADDITIONAL INFORMATION
Additional information relating to Shaw, including the Company’s Annual Information Form
dated November 29, 2011, 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 Investors/Corporate Governance/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, 2011, 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 the Company’s disclosure controls and procedures and the Company’s
internal control over financial reporting are effective.
68