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S
haw
C
ommunications Inc
.
N
O
TE
S
T
OCO
N
SO
LIDATED FINAN
C
IAL
S
TATEMENT
S
August 31, 2013 and 201
2
[all amounts in millions of Canadian dollars exce
p
t share and
p
er share amounts
]
1
.
CO
RP
O
RATE INF
O
RMATI
ON
Shaw Communications Inc. (the “Com
p
an
y
”) is a diversified Canadian communication
s
com
p
an
y
whose core o
p
erat
i
n
g
bus
i
ness
i
s
p
rov
i
d
i
n
g
broadband cable telev
i
s
i
on serv
i
ces,
I
nternet, Digital Phone and telecommunications services (“Cable”); Direct-to-home (DTH
)
satellite services and satellite distribution services (“Satellite”); and programming conten
t
(“
Med
i
a”
).
The
C
om
p
an
y
was
i
ncor
p
orated under the laws o
f
the Prov
i
nce o
f
Alberta on December
9
,
1966
u
nder the name Capital Cable Television Co. Ltd. and was subsequently continued under the
B
usiness Corporations Act (Alberta) on March 1, 1984 under the name Shaw Cablesystems Ltd
.
I
ts name was chan
g
ed to
S
haw
C
ommun
i
cat
i
ons Inc. on Ma
y12
,
1993
. The
C
om
p
an
y
’s shares
are l
i
sted on the Toronto and New York
S
tock Exchanges. The reg
i
stered o
ffi
ce o
f
the
C
ompany
is located at Suite 900, 630 – 3rd Avenue S.W., Calgary, Alberta, Canada T2P 4L4
.
2
.BA
S
I
SO
F PRE
S
ENTATI
O
N AND A
CCO
UNTIN
G
P
O
LI
C
IE
S
S
tatement of com
p
lianc
e
These consolidated financial statements of the Company have been prepared in accordance
w
i
th Internat
i
onal F
i
nanc
i
al Re
p
ort
i
n
gS
tandards
(“
IFR
S
”
)
as
i
ssued b
y
the Internat
i
ona
l
Account
i
ng
S
tandards Board
(“
IA
S
B”
)
.
The consol
i
dated
fi
nanc
i
al statements o
f
the
C
ompany
f
or the years ended August
31
,
2013
and 2012, were approved by the Board of Directors and authorized for issue on November 29
,
2013
.
Basis of
p
resentatio
n
These consolidated financial statements have been prepared primarily under the historical cost
convent
i
on and are ex
p
ressed
i
nm
i
ll
i
ons o
fC
anad
i
an dollars unless otherw
i
se
i
nd
i
cated.
O
the
r
m
easurement bases used are outl
i
ned below and
i
n the appl
i
cable notes. The consol
i
dated
statements of income are presented using the nature classification for expenses.
B
as
i
sofco
n
so
li
dat
i
on
The consol
i
dated
fi
nanc
i
al statements
i
nclude the accounts o
f
the
C
ompany and those o
fi
ts
subsidiaries. Intercompany transactions and balances are eliminated on consolidation. Th
e
results o
f
o
p
erat
i
ons o
f
subs
i
d
i
ar
i
es ac
q
u
i
red dur
i
n
g
the
p
er
i
od are
i
ncluded
f
rom the
i
r
respect
i
ve dates o
f
acqu
i
s
i
t
i
on
.
The accounts also
i
nclude the
C
ompany’s proport
i
onate share o
f
the assets, l
i
ab
i
l
i
t
i
es
,
revenues, and expenses of its interests in joint ventures which includes a 33.33% interest in
t
he Burrard Land
i
n
g
Lot
2
Hold
i
n
g
s Partnersh
ip
and 5
0% i
nterest
i
n several s
p
ec
i
alt
y
telev
i
s
i
on
cha
nn
els.
67