Cogeco 2011 Annual Report Download - page 53

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52 COGECO CABLE INC. 2011 Consolidated financial statements
Consolidated statements of comprehensive income (loss)
Years ended August 31, 2011 2010
(in thousands of dollars) $ $
Net income (loss) (47,666) 157,303
Other comprehensive income (loss)
Unrealized gains (losses) on derivative financial instruments designated as cash flow hedges, net of income tax
recovery of $2,953,000 (income tax expense of $294,000 in 2010) (15,353) 1,534
Reclassification to financial expense of unrealized losses on derivative financial instruments designated as cash flow
hedges, net of income tax recovery of $2,124,000 14,425 5,415
Unrealized gains (losses) on translation of a net investment in self-sustaining foreign subsidiaries 7,248 (37,389)
Unrealized gains (losses) on translation of long-term debts designated as hedges of a net investment in self-
sustaining foreign subsidiaries (3,903) 29,218
2,417 (1,222)
Comprehensive income (loss) (45,249) 156,081
Consolidated statements of retained earnings
Years ended August 31, 2011 2010
(In thousands of dollars) $ $
Balance as reported, beginning of year 123,025 17,172
Changes in accounting policies (note 1 B)) – (24,279)
Balance as restated, beginning of year 123,025 (7,107)
Net income (loss) (47,666) 157,303
Excess of the value attributed to the incentive share units at issuance over the price paid for the acquisition of the
subordinate voting shares 11 –
Dividends on multiple voting shares (11,139) (8,787)
Dividends on subordinate voting shares (23,355) (18,384)
Balance, end of year 40,876 123,025