Telus 2011 Annual Report Download - page 157
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TELUS 2011 ANNUAL REPORT . 153
FINANCIAL STATEMENTS & NOTES: 19
Years ended December 31 (millions) 2 0 11 2010
(adjusted – Note 25(c))
Employee Employee
related(1) Other(1) Total(1) related(1) Other(1) To t a l (1)
Restructuring costs
Addition
Workforce
Voluntary $ß 7 $ß – $ß 7 $ß 39 $ß – $ß 39
Involuntary 11 – 11 28 – 28
Other – 22 22 – 16 16
Reversal
Workforce
Voluntary (5) – (5) – – –
Involuntary – – – (3) – (3)
13 22 35 64 16 80
Use
Workforce
Voluntary 45 – 45 42 – 42
Involuntary and other 27 – 27 61 – 61
Other – 11 11 – 2 2
72 11 83 103 2 105
Expenses greater (less) than disbursements (59) 11 (48) (39) 14 (25)
Other – – – – 1 1
(59) 11 (48) (39) 15 (24)
Restructuring accounts payable
and accrued liabilities
Balance, beginning of period 95 16 111 134 1 135
Balance, end of period $ß36 $ß27 $ß63 $ß 95 $ß16 $ß111
(1) The transactions and balances in this column are included in, and thus are a subset of, the transactions and balances in the columns with the same caption in (a) preceding.
These initiatives were intended to improve the Company’s long-term operating productivity and competitiveness. The Company expects that
substantially all of the cash outflows in respect of the balance accrued as at the financial statement date will occur within twelve months thereof.
The Company’s estimate of restructuring costs for 2012 is approximately $25 million.