Shaw 2012 Annual Report Download - page 107

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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]
Significant changes recognized to deferred income tax assets (liabilities) are as follows:
Property, plant
and equipment
and software
assets
$
Broadcast
rights
and
licenses
$
Partnership
income
$
Non-capital
loss carry-
forwards
$
Accrued
charges
$
Foreign
exchange on
long-term debt
and fair value
of derivative
instruments
$
Total
$
Balance at
September 1, 2010 (167) (635) (350) 8 63 16 (1,065)
Recognized in statement
of income (8) (17) (3) (3) 36 (14) (9)
Recognized in
discontinued
operations 26 – – – – – 26
Recognized in other
comprehensive
income (loss) – – – – 10 1 11
Recognized on Media
business acquisition 4 (168) (1) 45 23 – (97)
Balance at August 31,
2011 (145) (820) (354) 50 132 3 (1,134)
Recognized in statement
of income 12 (18) 83 (17) (17) – 43
Recognized in other
comprehensive
income (loss) – – – – 22 – 22
Recognized on business
acquisition – (2) – – – – (2)
Balance at August 31,
2012 (133) (840) (271) 33 137 3 (1,071)
The Company has capital loss carryforwards of approximately $146 for which no deferred
income tax asset has been recognized in the accounts. These capital losses can be carried
forward indefinitely.
The Company has taxable temporary differences associated with its investment in its
subsidiaries. No deferred tax liabilities have been provided with respect to such temporary
differences as the Company is able to control the timing of the reversal and such reversal is not
probable in the foreseeable future.
103