Shaw 2015 Annual Report Download - page 93

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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]
Capital expenditures
2015
$
2014
$
Capital expenditures accrual basis
Consumer and Business Network Services(2) 870 1,006
Business Infrastructure Services 152 –
Media 16 18
1,038 1,024
Equipment costs (net of revenue)
Consumer and Business Network Services 84 71
Capital expenditures and equipment costs (net)
Consumer and Business Network Services(2) 954 1,077
Business Infrastructure Services 152 –
Media 16 18
1,122 1,095
Reconciliation to Consolidated Statements of Cash Flows
Additions to property, plant and equipment 939 976
Additions to equipment costs (net) 72 56
Additions to other intangibles 79 84
Total of capital expenditures and equipment costs (net) per Consolidated Statements of Cash Flows 1,090 1,116
Increase (decrease) in working capital and other liabilities related to capital expenditures 49 (7)
Decrease in customer equipment financing receivables 12 15
Less: Proceeds on disposal of property, plant and equipment (26) (26)
Less: Satellite equipment profit(2) (3) (3)
Total capital expenditures and equipment costs (net) reported by segments 1,122 1,095
(1) The Company does not report restructuring costs, amortization, interest or cash taxes on a segmental basis.
(2) The profit from the sale of satellite equipment is subtracted from the calculation of segmented capital expenditures and
equipment costs (net) as the Company views the profit on sale as a recovery of expenditures on customer premise
equipment
25. COMMITMENTS AND CONTINGENCIES
Commitments
(i) The Company owns and leases Ku-band and C-band transponders on the Anik F1R, Anik F2 and Anik G1 satellites. As
part of the Ku-band transponder agreements with Telesat Canada, the Company is committed to paying annual
transponder maintenance and license fees for each transponder from the time the satellite becomes operational for a
period of 15 years.
(ii) The Company has various long-term operating commitments as follows:
$
2016 635
2017 – 2020 948
Thereafter 388
1,971
2015 Annual Report Shaw Communications Inc. 91