Shaw 2015 Annual Report Download - page 81

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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]
12. PROVISIONS
Asset
retirement
obligations Restructuring(1) Other Total
$$$$
September 1, 2013 9 – 26 35
Additions –581270
Reversal – – (4) (4)
Payments – (45) (3) (48)
August 31, 2014 9133153
Additions 1521164
Reversal – – (6) (6)
Payments – (48) (1) (49)
August 31, 2015 10 17 35 62
Current –133144
Long-term 9––9
August 31, 2014 9133153
Current –173552
Long-term 10 – – 10
August 31, 2015 10 17 35 62
(1) During 2014, 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, approximately 400 management and non-customer facing roles were affected by the
organizational changes. During 2015, the Company announced a realignment of its customer care operations in the
Consumer division into centres of expertise to enhance customer service, and continued its organizational structure
realignment efforts including further restructuring of certain functions within its Business Network Services division. In
addition, the media division undertook organizational changes as it redefines itself from a traditional broadcaster to the
broader focus of a media organization. Approximately 1,700 employees were affected by the continued restructurings in
2015. Restructuring amounts are primarily in respect of severance and employee related costs. The majority of remaining
costs at August 31, 2015 are expected to be paid within the next six months.
2015 Annual Report Shaw Communications Inc. 79