Telus 2011 Annual Report Download - page 167
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TELUS 2011 ANNUAL REPORT . 163
FINANCIAL STATEMENTS & NOTES: 25
(c) Reconciliations – consolidated statement of income and other comprehensive income
Generally accepted accounting principles require that the Company’s comprehensive income previously reported at the end of the most recently
completed annual period be reconciled to those amounts that would have been reported applying IFRS-IASB; the corresponding reconciliation
is required for comparative periods as well. The following table provides the comprehensive reconciliations for the requisite period.
As Effect of
Year ended December 31, 2010 previously transition to
(millions except per share amounts) reported IFRS-IASB As adjusted
Operating Revenues $ß9,779 $ß(9,779) $ –
Service – 9,131 9,131
Equipment – 611 611
9,779 (37) 9,742
Other operating income – 50 50
9,779 13 9,792
Operating Expenses
Operations 6,062 (6,062) –
Restructuring costs 74 (74) –
Goods and services purchased – 4,236 4,236
Employee benefits expense – 1,906 1,906
Depreciation 1,333 6 1,339
Amortization of intangible assets 402 – 402
7,871 12 7,883
Operating Income 1,908 1 1,909
Other expense, net 32 (32) –
Financing costs 510 12 522
Income Before Income Taxes 1,366 21 1,387
Income taxes 328 7 335
Net Income 1,038 14 1,052
Other Comprehensive Income
Items that may subsequently be reclassified to income
Change in unrealized fair value of derivatives designated as cash flow hedges 54 – 54
Foreign currency translation arising from translating financial statements of foreign operations – – –
54 – 54
Item never subsequently reclassified to income
Employee defined benefit plans actuarial gains (losses) – (214) (214)
54 (214) (160)
Total Comprehensive Income $ß1,092 $ (200) $ 892
Net Income Attributable to:
Common Shares and Non-Voting Shares $ß1,034 $ß 14 $ß1,048
Non-controlling interests 4 – 4
$ß1,038 $ß 14 $ß1,052
Total Comprehensive Income Attributable to:
Common Shares and Non-Voting Shares $ß1,088 $ (200) $ 888
Non-controlling interests 4 – 4
$ß1,092 $ (200) $ 892
Net Income per Common Share and Non-Voting Share
Basic $ß 3.23 $ 0.04 $ß 3.27
Diluted $ß 3.22 $ 0.05 $ß 3.27