Telus 2011 Annual Report Download - page 133

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TELUS 2011 ANNUAL REPORT . 129
FINANCIAL STATEMENTS & NOTES: 5
5SEGMENTED INFORMATION
Summary disclosure of segmented information regularly reported to the Company’s
chief operating decision-maker
similarities in technology, the technical expertise required to deliver
the services and products, customer characteristics, the distribution
channels used and regulatory treatment. Intersegment sales are
recorded at the exchange value, which is the amount agreed to by
the parties.
The Company does not have material revenues attributed, or capital
assets and goodwill located, outside of Canada.
The Company’s operating segments and reportable segments are
Wireless and Wireline. The Wireless segment includes digital personal
communications services, equipment sales and wireless Internet
services. The Wireline segment includes voice local, voice long distance,
data (which includes: television; Internet, enhanced data and hosting
services; and managed and legacy data services) and other telecom-
munications services excluding wireless. Segmentation is based on
The following segmented information is regularly reported to the Company’s Chief Executive Officer (the Company’s chief operating decision-maker).
Wireless Wireline Eliminations Consolidated
Years ended December 31 (millions) 2 0 11 2010 2 0 11 2010 2 0 11 2010 2 0 11 2010
(adjusted –
Note 25(c))
Operating revenues
External revenue $ß5,462 $ß5,012 $ß4,935 $ß4,780 $ – $ – $ß10,397 $ß9,792
Intersegment revenue 38 33 164 155 (202) (188) – –
$ß5,500 $ß5,045 $ß5,099 $ß4,935 $ß(202) $ß(188) $ß10,397 $ß9,792
EBITDA(1) $ß2,186 $ß2,020 $ß1,592 $ß1,630 $ – $ – $ß 3,778 $ß3,650
CAPEX(2) $ 508 $ 463 $ß1,339 $ß1,258 $ – $ – $ß 1,847 $ß1,721
EBITDA less CAPEX $ß1,678 $ß1,557 $ 253 $ 372 $ – $ – $ß 1,931 $ß1,929
Operating revenues (above) $ß10,397 $ß9,792
Goods and services purchased 4,726 4,236
Employee benefits expense 1,893 1,906
EBITDA (above) 3,778 3,650
Depreciation 1,331 1,339
Amortization 479 402
Operating income $ß 1,968 $ß1,909
(1) Earnings before interest, taxes, depreciation and amortization (EBITDA) does not have any standardized meaning prescribed by IFRS-IASB and is therefore unlikely to be comparable
to similar measures presented by other issuers; EBITDA is defined by the Company as operating revenues less goods and services purchased and employee benefits expense.
TELUS has issued guidance on, and reports, EBITDA because it is a key measure that management uses to evaluate performance of its business and is also utilized in measuring
compliance with certain debt covenants.
(2) Total capital expenditures (CAPEX).