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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
]
F
ood Network Canada and ABC S
p
ar
k
The ac
q
u
i
s
i
t
i
on o
f
an add
i
t
i
onal
20% i
nterest
i
n Food Network
C
anada
i
ncreased the
C
om
p
an
y
’s
o
wnership to 71%. The difference between the consideration of
$
67 and carrying value of the
interest acquired of
$
47 has been charged to retained earnings.
The Company recorded proceeds, including working capital adjustments, of
$
19 and gain on
sale of associate of
$
7 on the disposition of its 49% interest in ABC Spark.
The Company issued a non-interest bearing promissory note of
$
48 to satisfy the ne
t
consideration in respect of these transactions. The settlement of the promissory note, which
came due on
S
e
p
tember
30
,
2013
, has been extended to the clos
i
n
g
date o
f
the
C
om
p
an
y
’s
sa
l
eof
H
isto
r
ia a
n
dSe
r
ies
+
to Co
r
us.
H
istoria and
S
eries
+
H
istoria and Series+ represent a disposal group within the media segment and accordingly, ar
e
n
ot
p
resented as discontinued o
p
erations in the statement of income. The assets and liabilities
associated
w
it
hH
isto
r
ia a
n
dSe
r
ies
+
a
n
dc
l
assified as
h
e
l
dfo
r
sa
l
ei
n
t
h
e state
m
e
n
toffi
n
a
n
cial
position at August 31, 2013 are as follows:
$
A
ccounts receivabl
e
4
Ot
h
e
r
cu
rr
e
n
t assets
5
Intangibles
9
2
Good
w
i
l
l
4
105
A
ccounts
p
a
y
able and accrued l
i
ab
i
l
i
t
i
es
2
Deferred income tax liabilit
y
12
14
Discontinued o
p
eration
s
D
ur
i
n
g
late
2011
, the
C
om
p
an
y
d
i
scont
i
nued
i
ts w
i
reless o
p
erat
i
ons. The decrease
i
n cash
f
rom
d
iscontinued operations in 2012 of $3 was comprised of cash used in investing activities.
4
.A
CCOU
NT
S
RE
C
EIVABLE
2
01
3
$
2
01
2
$
S
ubscr
i
ber and trade rece
i
vable
s
496
436
Due from related partie
s
[note 27
]
1
1
M
isce
ll
a
n
eous
r
ecei
v
ab
l
es
16
2
4
51
3
4
61
L
ess a
ll
o
w
a
n
ce
f
o
r
doubt
f
u
l
accou
n
ts
(27) (28
)
486
433
8
4