Shaw 2013 Annual Report Download - page 36

S
haw
C
ommunications Inc
.
MANA
G
EMENT’
S
DI
SCUSS
I
O
N AND ANALY
S
I
S
August
31
,
2013
S
tandards, interpretations and amendments to standards issued but not yet e
ff
ectiv
e
The
C
ompany has not yet adopted certa
i
n standards,
i
nterpretat
i
ons and amendments that have
been issued but are not yet effective. The following pronouncements are being assessed t
o
d
eterm
i
ne the
i
r
i
m
p
act on the
C
om
p
an
y
’s results and
fi
nanc
i
al
p
os
i
t
i
on.
Š
I
FR
S9
,
Fi
n
a
n
cia
lIn
st
r
u
m
e
n
ts
:
C
l
assificatio
n
a
n
d
M
easu
r
e
m
e
n
t
,
i
s the
fi
rst part o
f
th
e
replacement of IAS 3
9
F
inancial Instrument
s
a
nd applies to the classification an
d
m
easurement o
ffi
nanc
i
al assets and
fi
nanc
i
al l
i
ab
i
l
i
t
i
es as de
fi
ned b
y
IA
S39
.It
i
s
requ
i
red to be appl
i
ed retrospect
i
vely
f
or the annual per
i
od commenc
i
ng
S
eptember
1,
2
015
.
Š
The
f
ollow
i
n
g
standards and amended standards are re
q
u
i
red to be a
pp
l
i
ed retros
p
ect
i
vel
y
f
or the annual period commencing September 1, 2013 and other than the disclosure
re
q
uirements therein, the
y
must be initiall
y
a
pp
lied concurrentl
y:
Š
IFR
S 10,
Co
n
so
l
idated
F
i
n
a
n
cia
l
State
m
e
n
ts
,
re
p
laces
p
rev
i
ous consol
i
dat
i
on
g
uidance and outlines a single consolidation model that identifies control as the
b
asis for consolidation of all t
yp
es of entities.
Š
IFR
S 11,
J
o
i
nt Arran
g
ements, re
p
laces IA
S31
In
te
r
ests i
n
Joi
n
t
V
e
n
tu
r
es
a
n
dS
I
C
1
3
J
ointly Controlled Entities – Non-Monetary Contributions by Venturer
s
.Th
e
n
e
w
standard classifies
j
oint arran
g
ements as either
j
oint o
p
erations or
j
oint ventures.
Š
IFR
S 12,
Di
sclosure o
f
Interests
i
n
O
ther Ent
i
t
i
es
,
s
ets out re
q
u
i
red d
i
sclosures on
application of IFRS 10, IFRS 11, and IAS 28 (amended 2011).
Š
IAS 27
,
S
e
p
arate Financial Statement
s
w
as amended in 2011 for the issuance o
f
IFR
S10
and reta
i
ns the current
g
u
i
dance
f
or se
p
arate
fi
nanc
i
al statements
.
Š
IAS 28
,
Inv
est
m
e
n
ts
in A
ssoc
i
ates
w
as amended in 2011 for changes based on
i
ssuance of IFRS 10 and IFRS 11 and
p
rovides
g
uidance on accountin
g
for
j
oint
ventures, as de
fi
ned b
y
IFR
S11
,us
i
n
g
the e
q
u
i
t
y
method.
Š
I
FRS 13, F
a
ir V
a
l
ue
M
easu
r
e
m
e
n
t
, defines fair value, provides guidance on it
s
d
etermination and introduces consistent re
q
uirements for disclosure of fair value
m
easurements and
i
sre
q
u
i
red to be a
pp
l
i
ed
p
ros
p
ect
i
vel
yf
or the annual
p
er
i
od
commencing September 1, 2013.
I. Known events, trends, r
i
sks and uncerta
i
nt
i
e
s
The Company is subject to a number of risks and uncertainties which could have a material
adverse e
ff
ect on
i
ts
f
uture
p
ro
fi
tab
i
l
i
t
y
. Included here
i
n
i
sa
“C
aut
i
on
C
oncern
i
n
g
Forward-
L
ook
i
ng
S
tatements” sect
i
on wh
i
ch should be read
i
n con
j
unct
i
on w
i
th th
i
s report.
The risks and uncertainties discussed below highlight the more important and relevant factors
t
hat could s
ig
n
ifi
cantl
y
a
ff
ect the
C
om
p
an
y
’s o
p
erat
i
ons. The
y
do not re
p
resent an exhaust
i
v
e
l
i
st o
f
all potent
i
al
i
ssues that could a
ff
ect the
fi
nanc
i
al results o
f
the
C
ompany. The pr
i
nc
i
pa
l
risks relate to
:
Š
C
om
p
et
i
t
i
on, technolo
gi
cal chan
g
e and re
g
ulator
y
re
gi
m
e
Š
Eco
n
o
m
ic co
n
ditio
n
s
Š
I
nterest rates, foreign exchange rates, and capital markets
Š
Li
t
ig
at
i
on
Š
U
n
i
n
su
r
ed
r
is
k
sof
l
oss
Š
R
eliance on suppliers
Š
P
ro
g
ramm
i
n
g
ex
p
ense
s
Š
U
n
io
n
i
z
ed
l
abou
r
Š
H
olding company structure
32