Consolidated Statements of Financial Position
|
(in thousands of Canadian dollars)
|
|
|||||
|
As at December 31, 2011 |
As at December 31, 2010 |
As at January 1, 2010 |
||||
|
ASSETS |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
Cash |
$ |
84,186 |
$ |
69,325 |
$ |
36,170 |
|
Trade receivables (Note 25) |
|
166,586 |
|
219,026 |
|
215,356 |
|
Prepaid expenses |
|
5,017 |
|
7,298 |
|
6,480 |
|
Deferred publication costs and other assets |
|
94,770 |
|
104,258 |
|
130,844 |
|
Total current assets |
|
350,559 |
|
399,907 |
|
388,850 |
|
DEFERRED PUBLICATION COSTS |
|
7,484 |
|
9,701 |
|
8,358 |
|
financial and other ASSETS |
|
14,872 |
|
6,845 |
|
3,111 |
|
investments in associates (Note 31) |
|
3,616 |
|
64,503 |
|
34,977 |
|
DERIVATIVEs (Note 25) |
|
7 |
|
6,145 |
|
1,817 |
|
property, plant and equipment (Note 9) |
|
46,496 |
|
80,743 |
|
67,424 |
|
intangible assets (Note 10) |
|
1,658,051 |
|
2,152,000 |
|
2,035,341 |
|
Goodwill (Note10) |
|
2,967,847 |
|
6,467,092 |
|
6,342,580 |
|
deferred income TAXes (Note 17) |
|
– |
|
24,174 |
|
31,197 |
|
total non-current assets |
|
4,698,373 |
|
8,811,203 |
|
8,524,805 |
|
TOTAL ASSETS |
$ |
5,048,932 |
$ |
9,211,110 |
$ |
8,913,655 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
Trade and other payables (Note 11) |
$ |
156,482 |
$ |
201,560 |
$ |
153,702 |
|
Dividends payable |
|
– |
|
27,820 |
|
34,220 |
|
Current income tax liabilities |
|
22,974 |
|
4,024 |
|
6,956 |
|
Provisions (Note 12) |
|
48,300 |
|
60,341 |
|
52,161 |
|
Deferred revenues |
|
54,805 |
|
80,725 |
|
104,662 |
|
Commercial paper (Note 14) |
|
– |
|
295,000 |
|
74,000 |
|
Current portion of long-term debt (Note 14) |
|
102,339 |
|
3,669 |
|
2,254 |
|
Current portion of preferred shares Series 1 (Note 16) |
|
249,713 |
|
– |
|
– |
|
Total current liabilities |
|
634,613 |
|
673,139 |
|
427,955 |
|
deferred credits (Note 24) |
|
16,536 |
|
21,165 |
|
23,452 |
|
deferred income taxes (Note 17) |
|
119,305 |
|
192,030 |
|
105,842 |
|
Income tax liabilities |
|
43,806 |
|
163,870 |
|
122,107 |
|
POST-EmployMENT benefits (Note 13) |
|
298,796 |
|
188,877 |
|
104,836 |
|
DEFERRED CONSIDERATION (Note 5) |
|
6,570 |
|
14,567 |
|
– |
|
LONG-Term debt (Note 14) |
|
1,510,892 |
|
1,923,203 |
|
2,151,720 |
|
EXCHANGEABLE and convertible instruments (Note 15) |
|
184,214 |
|
319,029 |
|
83,886 |
|
PREFERRED SHARES SERIES 1 and 2 |
|
149,173 |
|
446,725 |
|
472,777 |
|
total non-current liabilities |
|
2,329,292 |
|
3,269,466 |
|
3,064,620 |
|
total liabilities |
|
2,963,905 |
|
3,942,605 |
|
3,492,575 |
|
Capital and reserves |
|
6,398,132 |
|
6,476,911 |
|
6,090,067 |
|
Deficit |
|
(4,313,907) |
|
(1,260,974) |
|
(1,024,817) |
|
EQUITY ATTRIBUTABLE TO SHAREHOLDERS |
|
2,084,225 |
|
5,215,937 |
|
5,065,250 |
|
non-controlling interests |
|
802 |
|
52,568 |
|
355,830 |
|
TOTAL EQUITY |
|
2,085,027 |
|
5,268,505 |
|
5,421,080 |
|
TOTAL LIABILITIES AND EQUITY |
$ |
5,048,932 |
$ |
9,211,110 |
$ |
8,913,655 |
The accompanying notes are an integral part of these consolidated financial statements.
Approved on behalf of Yellow Media Inc. by
Marc L. Reisch, Director
Michael T. Boychuk, Director