Shaw 2015 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2015 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 110

  • 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

Shaw Communications Inc.
Notes to the Consolidated Financial Statements
August 31, 2015 and 2014
[all amounts in millions of canadian dollars except share and per share amounts]
6. OTHER CURRENT ASSETS
2015 2014
$$
Program rights 15 17
Tax indemnity 11
Prepaid expenses and other 62 55
78 73
7. INVESTMENTS AND OTHER ASSETS
2015 2014
$$
Publicly traded company 47
Investments in private entities 49 53
Investment in a joint venture 44 –
97 60
During 2015, the Company recorded an unrealized loss of $3 (2014 – $2) in respect of its investment in a publicly traded
company (see note 20).
The Company has a portfolio of minor investments in various private entities.
The Company has a 50% joint control interest in shomi, which is a subscription video-on-demand service that launched in
November 2014. The Company’s interest in shomi is accounted for using the equity method. Summarized financial information
at August 31, 2015 and for the ten months then ended is as follows:
$
Current assets 28
Non-current assets 132
Current liabilities (54)
Non-current liabilities (16)
Partnership net assets 90
Carrying amount of the investment(1) 44
$
Revenue 18
Expenses 128
Partnership net loss 110
Equity loss in the partnership(1) 56
(1) The Company’s carrying amount of the investment and equity loss does not equal 50% of the partnership’s net assets
and net loss due to elimination of unrealized profit on downstream transactions between the Company and shomi.
2015 Annual Report Shaw Communications Inc. 73