Shaw 2012 Annual Report Download - page 95

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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]
11. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
2012 2011
September 1,
2010
$$ $
Trade 50 99 113
Program rights 72 78 12
CRTC benefit obligations 43 53 –
Accrued liabilities 289 296 266
Accrued network fees 105 102 91
Interest and dividends 219 214 181
Related parties [note 27] 24 27 36
Current portion of unfunded pension plan liability [note 26] 991
811 878 700
During 2011, the Company recorded $30 in respect of its restructuring activities to streamline
operations, drive efficiencies and enhance competiveness. The restructuring included elimination
of approximately 550 employee positions, management relocations and facilities consolidation. A
total of $28 was paid in 2011 and of the majority of remaining $2 was paid in 2012.
12. PROVISIONS
Asset
retirement
obligations Other Total
$$$
September 1, 2010 –1919
Media business acquisition [note 3] 7815
Additions – 9 9
Accretion 1 – 1
Reversal – (7) (7)
Payments – (11) (11)
August 31, 2011 81826
Additions – 6 6
Reversal – (1) (1)
Payments – (4) (4)
August 31, 2012 81927
Current – 19 19
Long-term – – –
September 1, 2010 –1919
Current – 18 18
Long-term 8 – 8
August 31, 2011 81826
Current – 19 19
Long-term 8 – 8
August 31, 2012 8 19 27
91