Telus 2007 Annual Report Download - page 2

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2
CAUTION REGARDING FORWARD-LOOKING STATEMENTS .....................................................3
TELUS..........................................................................................................................................................4
OPERATIONS, ORGANIZATION AND CORPORATE DEVELOPMENTS .....................................6
DESCRIPTION OF THE BUSINESS AND GENERAL DEVELOPMENTS ......................................7
EMPLOYEE RELATIONS.......................................................................................................................16
CAPITAL ASSETS AND GOODWILL..................................................................................................17
RISK FACTORS .......................................................................................................................................18
ALLIANCES ..............................................................................................................................................19
LEGAL PROCEEDINGS AND REGULATORY ACTIONS ...............................................................20
FOREIGN OWNERSHIP RESTRICTIONS ..........................................................................................21
REGULATION...........................................................................................................................................22
COMPETITION .........................................................................................................................................30
DIVIDENDS DECLARED ........................................................................................................................33
CAPITAL STRUCTURE OF TELUS .....................................................................................................33
RATINGS ...................................................................................................................................................36
DIRECTORS AND OFFICERS ..............................................................................................................39
MARKET FOR SECURITIES .................................................................................................................42
INTERESTS OF EXPERTS ....................................................................................................................42
AUDIT COMMITTEE................................................................................................................................43
MATERIAL CONTRACTS ......................................................................................................................45
TRANSFER AGENTS AND REGISTRARS.........................................................................................45
ADDITIONAL INFORMATION ...............................................................................................................45
APPENDIX A: TERMS OF REFERENCE FOR THE AUDIT COMMITTEE..................................46
Exchange Rate Information
TELUS publishes its consolidated financial statements in Canadian dollars. In this annual
information form, except where otherwise indicated, all reference, to “dollars” or “$” are to Canadian
dollars. The Bank of Canada noon spot exchange rate on March 10, 2008 was Cdn. $0.9976 =
U.S. $1.00. The following table sets forth, for the fiscal years and dates indicated, certain exchange
rate information based on the noon spot rate:
December 30, 2005 ..........................................................................................................................1.1659
December 29, 2006 ..........................................................................................................................1.1653
December 31, 2007 ..........................................................................................................................0.9881