Shaw 2013 Annual Report Download - page 72

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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
]
The Company’s interest in the assets, liabilities, results of operations and cash flows of these
j
oint ventures are as follows:
2013
$
2012
$
C
urrent asset
s
10
8
Pro
p
ert
y
,
p
lant and e
q
u
ip
men
t
15
16
25
24
C
urrent liabilitie
s
2
1
L
on
g
-term
d
e
b
t
19
20
Pro
p
ortionate share of net asset
s
4
3
2013
$
2012
$
Re
v
e
n
ue
27
31
O
perating, general and administrative expenses
(
11)
(
14)
A
m
o
r
ti
z
ation
(1)
(1)
I
nteres
t
(
1
)
(
1
)
O
ther ga
i
n
s
1
1
Pro
p
ort
i
onate share o
fi
ncome be
f
ore
i
ncome taxe
s
15
16
C
ash
f
low
p
rov
i
ded b
y
o
p
erat
i
n
g
act
i
v
i
t
i
es
15
14
C
ash flow used in financing activities
(
1
)
(1)
Proportionate share of cash distributions 1
4
13
N
on-controll
i
n
gi
nterests ar
i
se
f
rom bus
i
ness comb
i
nat
i
ons
i
nwh
i
ch the
C
om
p
an
y
ac
q
u
i
res les
s
t
han 100% interest. At the time of acquisition, non-controlling interests are measured at either
f
air value or their
p
ro
p
ortionate share of the fair value of ac
q
uiree’s identifiable assets. The
C
om
p
an
y
determ
i
nes the measurement bas
i
s on a transact
i
on b
y
transact
i
on bas
i
s.
S
ubse
q
uen
t
t
o acquisition, the carrying amount of non-controlling interests is increased or decreased fo
r
t
heir share of chan
g
es in e
q
uit
y.
Investments and other assets
I
nvestments in associates are accounted for using the equity method based on the Company’s
abilit
y
to exercise si
g
nificant influence over the o
p
eratin
g
and financial
p
olicies of the investee.
I
nvestments o
f
th
i
s nature are recorded at or
igi
nal cost and ad
j
usted
p
er
i
od
i
call
y
to reco
g
n
i
z
e
t
he Company’s proportionate share of the associate’s net income or losses after the date o
f
investment
,
additional contributions made and dividends received
.
I
nvestments where the Com
p
an
y
doesn’t exercise si
g
nificant influence are accounted for at fair
value unless
i
nvestments don’t have
q
uoted market
p
r
i
ces
i
n an act
i
ve market and the
i
r
f
a
ir
value cannot be reliably measured. Investments are written down when there has been
a
si
g
nificant or
p
rolon
g
ed decline in fair value
.
68