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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]
The components of income tax expense are as follows:
2015
$
2014
$
Current income tax expense 356 355
Current income tax recovery from recognition of previously unrecognized tax losses –(1)
356 354
Deferred tax recovery related to temporary differences (96) (46)
Deferred tax expense from tax rate changes 34 –
Income tax expense 294 308
24. BUSINESS SEGMENT INFORMATION
The Company’s operating segments are Consumer, Business Network Services, Business Infrastructure Services and Media. The
accounting policies of the segments are the same as those described in the summary of significant accounting policies.
Management evaluates divisional performance based on revenue and operating income before charges such as restructuring
costs and amortization. As a result of the restructuring undertaken late in 2014, the Company reorganized its residential and
enterprise services, previously included in the Cable and Satellite segments, into Consumer and Business Network Services
segments, respectively with no change to the Media operating segment. The Consumer division provides Cable
telecommunications services including Video, Internet, WiFi and Digital Phone, and Satellite Video, to Canadian consumers.
The Business Network Services segment provides data networking, video, voice and Internet services through a national fibre-
optic backbone network and also provides satellite Video services, and fleet tracking services to North American businesses and
public sector entities. Comparative results have been restated to reflect the new business segments. The Business Infrastructure
Services segment was created with the acquisition of ViaWest on September 2, 2014, and provides data centre colocation,
cloud and managed services to North American businesses. All of the Company’s operations are substantially located in Canada
with the exception of ViaWest which is located in the United States.
2015
$
2014
$
Revenue
Consumer 3,752 3,768
Business Network Services 520 484
Business Infrastructure Services 246 –
Media 1,080 1,096
5,598 5,348
Intersegment eliminations (110) (107)
5,488 5,241
Operating income before restructuring costs and amortization
Consumer 1,686 1,669
Business Network Services 256 240
Business Infrastructure Services 95 –
Media 342 353
2,379 2,262
Restructuring costs(1) (52) (58)
Amortization(1) (895) (765)
Operating income 1,432 1,439
Interest(1)
Operating 281 264
Other/non-operating 22
283 266
Current taxes(1)
Operating 375 359
Other/non-operating (19) (5)
356 354
90 Shaw Communications Inc. 2015 Annual Report