Shaw 2012 Annual Report Download - page 105

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Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2012 and 2011
[all amounts in millions of Canadian dollars except share and per share amounts]
On October 25, 2012, the Company declared dividends of $0.28125 per Preferred Share payable
on December 31, 2012 to holders of record at the close of business on December 14, 2012.
20. OTHER COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER
COMPREHENSIVE INCOME (LOSS)
Components of other comprehensive income (loss) and the related income tax effects for 2012
are as follows:
Amount
$
Income taxes
$
Net
$
Adjustment for hedged items recognized in the period (3) 1 (2)
Actuarial losses on employee benefit plans (83) 21 (62)
(86) 22 (64)
Components of other comprehensive income (loss) and the related income tax effects for 2011
are as follows:
Amount
$
Income taxes
$
Net
$
Change in unrealized fair value of derivatives designated as cash
flow hedges (14) 2 (12)
Adjustment for hedged items recognized in the period 6 (2) 4
Actuarial losses on employee benefit plans (41) 11 (30)
(49) 11 (38)
Accumulated other comprehensive income (loss) is comprised of the following:
2012
$
2011
$
September 1,
2010
$
Fair value of derivatives (1) 19
Actuarial losses on employee benefit plans (92) (30) –
(93) (29) 9
21. OPERATING, GENERAL AND ADMINISTRATIVE EXPENSES
2012
$
2011
$
Employee salaries and benefits 835 751
Purchases of goods and services 2,036 1,939
2,871 2,690
22. OTHER GAINS
Other gains generally includes realized and unrealized foreign exchange gains and losses on US
dollar denominated current assets and liabilities, gains and losses on disposal of property, plant
and equipment and minor investments, and the Company’s share of the operations of Burrard
101