Shaw 2012 Annual Report Download - page 127

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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]
Reconciliation of Canadian GAAP to IFRS
A. Consolidated statements of financial position as at September 1, 2010 and August 31, 2011
September 1, 2010 August 31, 2011
Explanation
Canadian
GAAP
Effect of
transition
to IFRS IFRS
Canadian
GAAP
Effect of
transition
to IFRS IFRS
ASSETS
Current
Cash 217 – 217 443 – 443
Account receivable 196 – 196 443 – 443
Inventories 54 – 54 97 – 97
Other current assets (iii), (iv) 34 – 34 236 (154) 82
Derivative instruments 67 – 67 2 – 2
Assets held for sale – – – 15 – 15
Deferred income tax assets (iii) 28 (28) – 26 (26) –
596 (28) 568 1,262 (180) 1,082
Investments and other assets 743 – 743 13 – 13
Property, plant and equipment 3,005 – 3,005 3,200 – 3,200
Assets held for sale – – – 1 – 1
Other long-term assets 233 – 233 258 – 258
Deferred income taxes (iii) – – – 22 8 30
Intangibles (iv) 5,408 188 5,596 6,955 337 7,292
Goodwill (iii) 169 – 169 815 (103) 712
10,154 160 10,314 12,526 62 12,588
LIABILITIES AND SHAREHOLDERS’
EQUITY
Current
Accounts payable and accrued
liabilities (i), (v), (vi) 623 77 700 795 83 878
Provisions (vi) – 19 19 – 18 18
Income taxes payable (iii) 171 78 249 12 112 124
Unearned revenue 145 – 145 155 – 155
Current portion of long-term debt 1 – 1 1 – 1
Current portion of derivative
instruments 80 – 80 8 – 8
Other liability – – – 161 161
1,020 174 1,194 1,132 213 1,345
Long-term debt 3,982 – 3,982 5,256 – 5,256
Other long-term liabilities (ii), (vi) 291 138 429 351 156 507
Provisions (vi) – – – – 8 8
Derivative instruments 7 – 7 – – –
Deferred credits 632 – 632 630 – 630
Deferred income tax liabilities (i) to (iv) 1,452 (387) 1,065 1,700 (536) 1,164
7,384 (75) 7,309 9,069 (159) 8,910
Shareholders’ equity
Common and preferred shareholders (i) to (v) 2,770 235 3,005 3,216 190 3,406
Non-controlling interests in subsidiaries (iii) – – – 241 31 272
2,770 235 3,005 3,457 221 3,678
10,154 160 10,314 12,526 62 12,588
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