Telus 2011 Annual Report Download - page 165

TELUS 2011 ANNUAL REPORT . 161
FINANCIAL STATEMENTS & NOTES: 23 – 24
(c) Transactions with defined benefit pension plans
During the years ended December 31, 2011 and 2010, the Company
provided management and administrative services to its defined benefit
pension plans; the charges for these services were on a cost recovery
basis and amounted to $5 million (2010 – $6 million).
As discussed further in Note 1(i) and Note 14(b), during the years
ended December 31, 2011 and 2010, the Company leased real estate
from one of its defined benefit pension plans.
During the years ended December 31, 2011 and 2010, the Company
made employer contributions to its defined benefit pension plans as set
out in the Consolidated Statements of Cash Flows.
24 ADDITIONAL FINANCIAL INFORMATION
Summary schedules of items comprising certain primary financial statement line items
(a) Statement of financial position
December 31, December 31, January 1,
As at (millions) 2 0 11 2010 2010
Accounts receivable
(adjusted – Note 25(d))
Customer accounts receivable $ß1,178 $ß1,142 $ß1,057
Accrued receivables – customer 111 102 103
Allowance for doubtful accounts (36) (41) (59)
1,253 1,203 1,101
Accrued receivables – other 172 113 93
Other 3 2 1
$ß1,428 $ß1,318 $ß1,195
Inventories(1)
Wireless handsets, parts
and accessories $ 307 $ 236 $ 226
Other 46 47 44
$ 353 $ 283 $ 270
Other long-term assets
(adjusted – Note 25(d))
Pension and other
post-retirement assets $ – $ 179 $ 251
Other 81 56 35
$ 81 $ 235 $ 286
Accounts payable and accrued
liabilities (adjusted – Note 25(d))
Accrued liabilities $ 579 $ 555 $ 520
Payroll and other employee
related liabilities 287 284 252
Restricted stock units liability 29 20 20
Accrual for net-cash settlement
feature for share option
awards (Note 13(b)) 3 18 14
898 877 806
Trade accounts payable 406 448 382
Interest payable 68 73 60
Other 47 79 88
$ß1,419 $ß1,477 $ß1,336
Advance billings and customer
deposits (adjusted – Note 25(d))
Advance billings $ 575 $ 536 $ 470
Regulatory deferral accounts 24 62 –
Deferred customer activation
and connection fees 32 35 40
Customer deposits 24 25 20
$ 655 $ 658 $ 530
December 31, December 31, January 1,
As at (millions) 2 0 11 2010 2010
Other long-term liabilities
(adjusted – Note 25(d))
Derivative liabilities (Note 4(h)) $ – $ – $ 721
Pension and other
post-retirement liabilities 1,053 423 357
Other 116 123 131
Restricted stock units and
deferred share units liabilities 35 29 38
1,204 575 1,247
Regulatory deferral accounts 77 – –
Deferred customer activation
and connection fees 59 67 80
Deferred gain on sale-leaseback
of buildings 3 7 7
$ 1,343 $ 649 $ß1,334
(1) Cost of goods sold for the year ended December 31, 2011 was $1,522 (2010 – $1,189).
(b) Supplementary cash flow information
Years ended December 31 (millions) 2 0 11 2010
Net change in non-cash working capital
Accounts receivable $ (79) $ (123)
Inventories (69) (13)
Prepaid expenses (36) (8)
Accounts payable and accrued liabilities (47) 160
Income and other taxes receivable and payable, net 13 (214)
Advance billings and customer deposits (3) 128
Provisions (34) (49)
$ (255) $ (119)
Long-term debt issued
TELUS Corporation Commercial Paper $ 3,468 $ 2,725
Other 600 1,000
$ 4,068 $ 3,725
Redemptions and repayment of long-term debt
TELUS Corporation Commercial Paper $ß(2,806) $ß(3,088)
Other (1,140) (1,031)
$ß(3,946) $ß(4,119)
Interest (paid)
Amount (paid) in respect of interest expense $ (378) $ (427)
Amount (paid) in respect of loss on redemption
of long-term debt – (52)
$ (378) $ (479)