Shaw 2012 Annual Report Download - page 130

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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]
(v) Constructive obligation
Under IFRS, constructive obligations must be recognized when certain criteria are met.
These have been accrued at the transition date.
(vi) Provisions
IAS 37 Provisions, Contingent Liabilities and Contingent Assets requires separate
disclosure on the face of the statement of financial position. Under Canadian GAAP,
separate disclosure was not required, therefore on transition all provisions were
reclassified from accounts payable and accrued liabilities or other long-term liabilities.
C. Consolidated statements of cash flows
The Company’s consolidated statements of cash flows were not materially affected by the
transition to IFRS.
126