Telus 2011 Annual Report Download - page 110
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106 . TELUS 2011 ANNUAL REPORT
Years ended December 31 (millions except per share amounts) Note 2 0 11 2010
(adjusted –
Note 25(c))
Operating Revenues
Service $ßß 9,606 $ßß 9,131
Equipment 719 611
10,325 9,742
Other operating income 6 72 50
10,397 9,792
Operating Expenses
Goods and services purchased 4,726 4,236
Employee benefits expense 7 1,893 1,906
Depreciation 1,331 1,339
Amortization of intangible assets 479 402
8,429 7,883
Operating Income 1,968 1,909
Financing costs 8 377 522
Income Before Income Taxes 1,591 1,387
Income taxes 9 376 335
Net Income 1,215 1,052
Other Comprehensive Income 10
Items that may subsequently be reclassified to income
Change in unrealized fair value of derivatives designated as cash flow hedges 6 54
Foreign currency translation adjustment arising from translating
financial statements of foreign operations 4 –
10 54
Item never subsequently reclassified to income
Employee defined benefit plans actuarial gains (losses) (851) (214)
(841) (160)
Comprehensive Income $ 374 $ 892
Net Income (Loss) Attributable to:
Common Shares and Non-Voting Shares $ß 1,219 $ß 1,048
Non-controlling interests (4) 4
$ß 1,215 $ß 1,052
Total Comprehensive Income (Loss) Attributable to:
Common Shares and Non-Voting Shares $ 378 $ 888
Non-controlling interests (4) 4
$ 374 $ 892
Net Income Per Common Share and Non-Voting Share 11
Basic $ß 3.76 $ß 3.27
Diluted $ß 3.74 $ß 3.27
Dividends Declared Per Common Share and Non-Voting Share 12 $ß 2.205 $ß 2.000
Total Weighted Average Common Shares and Non-Voting Shares Outstanding
Basic 324 320
Diluted 326 321
The accompanying notes are an integral part of these consolidated financial statements.
CONSOLIDATED STATEMENTS OF INCOME
AND OTHER COMPREHENSIVE INCOME