Shaw 2011 Annual Report Download - page 82

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Shaw Communications Inc.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME AND ACCUMULATED OTHER
COMPREHENSIVE INCOME (LOSS)
Years ended August 31 [thousands of Canadian dollars]
2011
$
2010
$
2009
$
Net income 472,789 532,732 536,475
Other comprehensive income (loss) [note 13]
Change in unrealized fair value of derivatives designated
as cash flow hedges (11,770) (43,631) 22,588
Realized gains on cancellation of forward purchase
contracts –– 9,314
Adjustment for hedged items recognized in the period 4,274 13,644 14,443
Unrealized loss on available-for-sale investment (10) ––
Reclassification of foreign exchange loss (gain) on
hedging derivatives to income to offset foreign
exchange adjustments on US denominated debt –34,940 (27,336)
Reclassification of remaining losses on hedging
derivatives to income upon early redemption of
hedged US denominated debt –42,658 –
Unrealized foreign exchange gain (loss) on translation of
a self-sustaining foreign operation (3) (1) 31
(7,509) 47,610 19,040
Comprehensive income 465,280 580,342 555,515
Comprehensive income attributable to:
Common shareholders 446,192 580,342 555,515
Non-controlling interests 19,088 ––
465,280 580,342 555,515
Accumulated other comprehensive income (loss),
beginning of year 8,976 (38,634) (57,674)
Other comprehensive income (loss) (7,509) 47,610 19,040
Accumulated other comprehensive income (loss), end of
year 1,467 8,976 (38,634)
See accompanying notes
78