Telus 2006 Annual Report Download - page 3

FORWARD LOOKING STATEMENTS
This annual information form and management’s discussion and analysis incorporated by
reference hereto, contain statements about expected future events and financial and operating
results of TELUS Corporation (“TELUS” or the “Company”) that are forward looking. By their
nature, forward-looking statements require the Company to make assumptions and are subject
to inherent risks and uncertainties. There is significant risk that predictions and other forward-
looking statements will not prove to be accurate. Readers of this document are cautioned not to
place undue reliance on our forward-looking statements as a number of factors could cause
actual future results, conditions, actions or events to differ materially from the operating targets,
expectations, estimates or intentions expressed in the forward-looking statements. Factors that
could cause actual results to differ materially include but are not limited to: competition;
technology (including reliance on systems and information technology); regulatory
developments (including local forbearance, local price cap reductions, wireless number
portability and the timing, rules, process and cost of future spectrum auctions); human resource
developments (including possible labour disruptions; process risks (including internal
reorganizations, conversion of legacy systems and billing system integrations); financing and
debt requirements (including share repurchases, debt redemptions, potential issuance of
commercial paper and changes to credit facilities); tax matters (including acceleration or deferral
of required payments of significant amounts of cash taxes); health, safety and environmental
developments; litigation and legal matters; business continuity events (including manmade and
natural threats); economic growth and fluctuations (including pension performance, funding and
expenses); and other risk factors discussed herein and listed from time to time in TELUS’
reports, public disclosure documents or other filings with securities commissions in Canada
(filed on SEDAR at www.sedar.com) and the United States (filed on EDGAR at www.sec.gov).
See “Management’s Discussion and Analysis – Section 10 Risks and risk management” in
TELUS’ 2006 Annual Report – Financial Review for further information.
TELUS
TELUS was incorporated under the Company Act (British Columbia) (the “BC Company Act”) on
October 26, 1998 under the name BCT.TELUS Communications Inc. (“BCT”). On January 31,
1999, pursuant to a court-approved plan of arrangement under the Canada Business
Corporations Act (“CBCA”) among BCT, BC TELECOM Inc. (“BC TELECOM”) and the former
Alberta-based TELUS Corporation (“TC”), BCT acquired all of the shares of BC TELECOM and
TC in exchange for Common Shares and Non-Voting Shares of BCT, and BC TELECOM was
dissolved. On May 3, 2000, BCT changed its name to TELUS Corporation and in February
2005, the Company transitioned under the Business Corporations Act (British Columbia) (the
“New BC Act”), successor to the BC Company Act. TELUS maintains its registered office at
Floor 21, 3777 Kingsway, Burnaby, British Columbia (“B.C.”) and its executive office at Floor 8,
555 Robson, Vancouver, B.C.
Subsidiaries of TELUS
As of December 31, 2006, the only material subsidiary of TELUS was TELUS Communications
Inc. (“TCI”), being the only subsidiary which owned assets that constitute more than 10 per cent
of the consolidated assets of TELUS as at December 31, 2006 and generated sales and
operating revenues that exceed 10 per cent of the consolidated sales and operating revenues of
TELUS for the year ended December 31, 2006.
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