Shaw 2013 Annual Report Download - page 99

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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
]
15
. DEFERRED
C
REDIT
S
2
013 2012
$$
IRU p
re
p
a
y
ments
4
7
2
485
Equipment revenue
1
3
1
1
37
Co
nn
ect
i
o
nf
ee a
n
d
in
sta
ll
at
i
o
nr
e
v
e
n
ue
14
1
0
Proceeds on w
i
reless s
p
ectrum l
i
cense o
p
t
i
o
n
[
note
3]
50
–
Re
f
undable de
p
os
i
tonw
i
reless s
p
ectrum l
i
cense
[
note
3]
200
–
Deposit on future fibre sal
e
2
2
O
the
r
3
1
87
2
6
35
Amortization of deferred credits for 2013 amounted to
$
144 (2012 –
$
136) and was recorded
in the accounts as described below
.
I
RU a
g
reements are
i
n
p
lace
f
or
p
er
i
ods ran
gi
n
gf
rom
21
to
60 y
ears and are be
i
n
g
amort
i
zed t
o
income over the agreement periods. Amortization in respect of the IRU agreements for 2013
amounted to
$
13 (2012 –
$
12) and was recorded as other amortization. Amortization o
f
e
q
ui
p
ment revenue for 2013 amounted to $121 (2012 – $115). Amortization of connectio
n
f
ee and installation revenue for 2013 amounted to
$
11 (2012 –
$
9) and was recorded a
s
r
e
v
en
u
e
.
16
.
S
HARE
C
APITAL
Autho
r
i
z
ed
The Company is authorized to issue a limited number of Class A voting participating shares
(“Class A Shares”) of no
p
ar value, as described below, and an unlimited number of Class B
n
on-vot
i
n
gp
art
i
c
ip
at
i
n
g
shares
(“C
lass B Non-Vot
i
n
gS
hares”
)
o
f
no
p
ar value,
C
lass
1p
re
f
erred
shares, Class 2 preferred shares, Class A preferred shares and Class B preferred shares.
The author
i
zed number o
fC
lass A
S
hares
i
sl
i
m
i
ted, sub
j
ect to certa
i
n exce
p
t
i
ons, to the lesse
r
of
that number o
f
shares
(i)
currently
i
ssued and outstand
i
ng and
(ii)
that may be outstand
i
ng
after any conversion of Class A Shares into Class B Non-Voting Shares
.
2013 2012 2013 2012
Number of securities $
$
22
,
520
,
064 22
,
520
,
064 Class A Shares
2
2
430
,
306
,54
2
4
21
,
188
,
69
7
C
lass B Non-Vot
i
ng
S
hares
2
,
660
2
,45
5
12
,
000
,
000
12,000,000 S
er
i
es A Pre
f
erred
S
hares
293
293
46
4,
826
,
606
455
,
7
08,
7
61
2
,
9
5
5
2,
75
0
C
lass A
S
hares and
C
lass B Non-Voting
S
hares
Class A Shares are convertible at any time into an equivalent number of Class B Non-Votin
g
Shares. In the event that a take-over bid is made for Class A Shares
,
in certain circumstances
,
t
he
C
lass B Non-Vot
i
n
gS
hares are convert
i
ble
i
nto an e
q
u
i
valent number o
fC
lass A
S
hares.
95