Shaw 2014 Annual Report Download - page 95

Download and view the complete annual report

Please find page 95 of the 2014 Shaw annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 129

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129

Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2014 and 2013
[all amounts in millions of Canadian dollars except share and per share amounts]
11. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
2014 2013
$$
Trade 44 71
Program rights 74 70
CRTC benefit obligations 30 50
Accrued liabilities 335 324
Accrued network fees 107 102
Interest and dividends 215 219
Related parties [note 27] 23 23
828 859
12. PROVISIONS
Asset
retirement
obligations Restructuring(1) Other Total
$$$$
September 1, 2012 8 – 19 27
Additions 1 – 9 10
Reversal – – (1) (1)
Payments – – (1) (1)
August 31, 2013 9 – 26 35
Additions – 58 12 70
Reversal – – (4) (4)
Payments – (45) (3) (48)
August 31, 2014 9133153
Current – – 26 26
Long-term 9 – – 9
August 31, 2013 9 – 26 35
Current – 13 31 44
Long-term 9 – – 9
August 31, 2014 9 13 31 53
(1) During the current year, the Company announced changes to the structure of its operating
units to improve overall efficiency while enhancing its ability to grow as the leading
network and content experience company. In connection with the restructuring of its
operations, the Company recorded $58 primarily in respect of the approximate
400 management and non-customer facing roles which were affected by the
organizational changes. The majority of the $13 of remaining costs are expected to be
paid within the next six months.
91