Shaw 2015 Annual Report Download - page 90

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]
21. OPERATING, GENERAL AND ADMINISTRATIVE EXPENSES
AND RESTRUCTURING COSTS
2015
$
2014
$
Employee salaries and benefits 987 945
Purchases of goods and services 2,174 2,092
3,161 3,037
22. OTHER LOSSES
Other losses generally includes realized and unrealized foreign exchange gains and losses on US dollar denominated current
assets and liabilities, gains and losses on disposal of property, plant and equipment and minor investments, and the Company’s
share of the operations of Burrard Landing Lot 2 Holdings Partnership. In the current year, the category also includes a write-
down of $6 in respect of the property classified as held for sale, distributions of $27 from a venture capital fund investment, a
write-down of $27 in respect of a private portfolio investment and additional proceeds of $15 related to the fiscal 2012 Shaw
Court insurance claim while the comparative year includes a refund of $5 from the Canwest CCAA plan implementation fund
and proceeds of $6 in respect of the aforementioned insurance claim. In addition, the current and prior year both include asset
write-downs of $55 and $6, respectively. The write-down of assets in the current year related to assets in respect to
development of a certain IPTV platform which the Company has now abandoned.
23. INCOME TAXES
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities
for financial reporting purposes and the amounts used for income tax purposes. The Company’s net deferred tax liability
consists of the following:
2015
$
2014
$
Deferred tax assets 14 26
Deferred tax liabilities (1,135) (1,105)
Net deferred tax liability (1,121) (1,079)
88 Shaw Communications Inc. 2015 Annual Report