Telus 2011 Annual Report Download - page 111

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TELUS 2011 ANNUAL REPORT . 107
FINANCIAL STATEMENTS & NOTES
December 31, December 31, January 1,
(en millions) Note 2 0 11 2010 2010
(adjusted – (Note 25(d))
Note 25(d))
Assets
Current assets
Cash and temporary investments, net $ 46 $ 17 $ 41
Accounts receivable 24(a) 1,428 1,318 1,195
Income and other taxes receivable 66 62 16
Inventories 24(a) 353 283 270
Prepaid expenses 144 113 105
Derivative assets 4(h) 14 4 1
2,051 1,797 1,628
Non-current assets
Property, plant and equipment, net 15 7,964 7,831 7,832
Intangible assets, net 16 6,153 6,152 6,166
Goodwill, net 16 3,661 3,572 3,572
Other long-term assets 24(a) 81 235 286
Investments 21 37 41
17,880 17,827 17,897
$ß19,931 $ß19,624 $ß19,525
Liabilities and Owners’ Equity
Current liabilities
Short-term borrowings 18 $ 404 $ 400 $ 500
Accounts payable and accrued liabilities 24(a) 1,419 1,477 1,336
Income and other taxes payable 25 6 174
Dividends payable 12 188 169 150
Advance billings and customer deposits 24(a) 655 658 530
Provisions 19 88 122 299
Current maturities of long-term debt 20 1,066 847 549
Current portion of derivative liabilities 4(h) – 419 62
3,845 4,098 3,600
Non-current liabilities
Provisions 19 122 204 91
Long-term debt 20 5,508 5,209 5,623
Other long-term liabilities 24(a) 1,343 649 1,334
Deferred income taxes 1,600 1,683 1,522
8,573 7,745 8,570
Liabilities 12,418 11,843 12,170
Owners’ equity
Common Share and Non-Voting Share equity 21 7,513 7,759 7,334
Non-controlling interests – 22 21
7,513 7,781 7,355
$ß19,931 $ß19,624 $ß19,525
Commitments and Contingent Liabilities 22
The accompanying notes are an integral part of these consolidated financial statements.
Approved by the Directors:
William A. MacKinnon Brian A. Canfield
Director Director
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION