Telus 2010 Annual Report Download - page 121

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TELUS 2010 annual report . 117
FINANCIAL STATEMENTS & NOTES
As at December 31 (millions) Note 2010 2009
Assets
Current assets
Cash and temporary investments, net $ 17 $ 41
Accounts receivable 14, 21(b) 917 694
Income and other taxes receivable 56 16
Inventories 21(b) 283 270
Prepaid expenses 113 105
Derivative assets 5(h) 4 1
1,390 1,127
Non-current assets
Property, plant and equipment, net 15 7,722 7,729
Intangible assets, net 16 5,134 5,148
Goodwill, net 16 3,572 3,572
Other long-term assets 21(b) 1,744 1,602
Investments 37 41
18,209 18,092
$ß19,599 $ß19,219
Liabilities and Owners’ Equity
Current liabilities
Accounts payable and accrued liabilities 21(b) $ß 1,495 $ß 1,385
Income and other taxes payable 6 182
Restructuring accounts payable and accrued liabilities 7 111 135
Dividends payable 169 150
Advance billings and customer deposits 21(b) 658 674
Current maturities of long-term debt 18 743 82
Current portion of derivative liabilities 5(h) 419 62
Current portion of future income taxes 348 294
3,949 2,964
Non-current liabilities
Long-term debt 18 5,313 6,090
Other long-term liabilities 21(b) 638 1,271
Future income taxes 1,498 1,319
7,449 8,680
Total liabilities 11,398 11,644
Owners’ equity
Common Share and Non-Voting Share equity 19 8,179 7,554
Non-controlling interests 22 21
8,201 7,575
$ß19,599 $ß19,219
Commitments and Contingent Liabilities 20
The accompanying notes are an integral part of these consolidated financial statements.
Approved by the Directors:
Brian F. MacNeill Brian A. Canfield
Director Director
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION