Cogeco 2012 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2012 Cogeco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 99

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99

62 COGECO CABLE INC. 2012 Consolidated financial statements
10. EARNINGS (LOSS) PER SHARE
The following table provides the reconciliation between basic and diluted earnings (loss) per share:
2012 2011
(In thousands of Canadian dollars, except number of shares and per share data) $ $
Profit for the year from continuing operations attributable to shareholders 169,517 199,165
Profit (loss) for the year from discontinued operations attributable to shareholders 55,446 (244,736)
Profit (loss) for the year attributable to shareholders 224,963 (45,571)
Weighted average number of multiple and subordinate voting shares outstanding 48,654,376 48,582,989
Effect of dilutive stock options(1)(2) 154,932
Effect of dilutive incentive share units(2) 148,398
Weighted average number of diluted multiple and subordinate voting shares outstanding 48,957,706 48,582,989
Earnings (loss) per share
Basic
Profit for the year from continuing operations 3.48 4.10
Profit (loss) for the year from discontinued operations 1.14 (5.04)
Profit (loss) for the year 4.62 (0.94)
Diluted
Profit for the year from continuing operations 3.46 4.10
Profit (loss) for the year from discontinued operations 1.13 (5.04)
Profit (loss) for the year 4.60 (0.94)
(1) For the year ended August 31, 2012, 157,757 stock options (73,699 in 2011) were excluded from the calculation of diluted earnings per share as the
exercise price of the options was greater than the average share price of the subordinate voting shares.
(2) The weighted average dilutive potential number of subordinate voting shares which were anti-dilutive for the year ended August 31, 2011 amounted to
277,826 due to the net loss.
11. OTHER ASSETS
August 31, 2012 August 31, 2011 September 1, 2010
(In thousands of Canadian dollars) $$ $
Transaction costs 4,274 4,522 6,161
Other 2,139 1,154 539
6,413 5,676 6,700