Shaw 2012 Annual Report Download - page 123

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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]
The Company’s undiscounted contractual maturities as at August 31, 2012 are as follows:
Accounts
payable and
accrued
liabilities(1)
Other
liabilities
Long-term
debt
repayable at
maturity
Derivative
instruments(2)
Interest
payments
$$$ $ $
Within one year 811 – 451 1 317
1 to 3 years – 4 969 – 528
3 to 5 years – – 700 – 456
Over 5 years – – 3,200 – 2,475
811 4 5,320 1 3,776
(1) Includes accrued interest and dividends of $219.
(2) The estimated net undiscounted cash outflow for derivative instruments is based on the
US dollar foreign exchange rate as at August 31, 2012.
29. CONSOLIDATED STATEMENTS OF CASH FLOWS
Additional disclosures with respect to the Consolidated Statements of Cash Flows are as follows:
(i) Funds flow from continuing operations
2012 2011
$$
Net income from continuing operations 761 559
Adjustments to reconcile net income to funds flow from continuing
operations:
Amortization 813 739
Program rights (42) 101
Deferred income tax expense (recovery) (43) 9
Equity income from associates –(14)
Gain on redemption of debt –(33)
CRTC benefit obligations [note 3] 2139
CRTC benefit obligation funding (48) (30)
Business acquisition, integration and restructuring expenses –37
Gain on remeasurement of interests in equity investments [note 3] (6) –
Share-based compensation 59
Defined benefit pension plans (13) 16
Loss (gain) on derivative instruments (1) 22
Realized loss on settlement of derivative instruments (7) (29)
Payments on cross-currency agreements [note 3] –(86)
Foreign exchange gain on unhedged long-term debt –(17)
Accretion of long-term liabilities and provisions 14 15
Settlement of amended cross-currency interest rate agreements [note 28] (162) –
Write-down of property damaged by electrical fire 20 –
Other 6(4)
Funds flow from continuing operations 1,299 1,433
119