Financial Statements of - Shoppers Drug Mart

Shoppers Drug Mart Corporation
Condensed Consolidated Statements of Comprehensive Income
(unaudited)
(in thousands of Canadian dollars)
12 Weeks Ended
June 18, June 19,
24 Weeks Ended
June 18, June 19,
2011 2010 (1)
2011 2010 (1)
Net earnings 147,925 $ 145,967 $ 265,466 $ 268,219
Other comprehensive income (loss), net of tax
Effective portion of changes in fair value of hedges on interest rate derivatives (net of tax
- 291 - 573
of $nil and $nil (2010: $151 and $283))
Effective portion of changes in fair value of hedges on equity forward derivatives (net of
(80) (1,808) (147) (2,281)
tax of $29 and $50 (2010: $686 and $901))
Net change in fair value of hedges on interest rate and equity forward derivatives
56 9 281 18
transferred to earnings (net of tax of $22 and $111 (2010: $3 and $7))
Other comprehensive income (loss), net of tax (24) (1,508) 134 (1,690)
Total comprehensive income 147,901 $ 144,459 $ 265,600 $ 266,529
(1)
In preparing its 2010 comparative information, the Company has adjusted amounts reported previously in financial statements prepared in accordance with
Canadian GAAP. See Note 13 to the first quarter condensed consolidated financial statements for the 12 weeks ended March 26, 2011 for an explanation of the
impact of the transition to IFRS on the balance sheet as at January 3, 2010 and Note 12 to these condensed consolidated financial statements for an explanation
of the impact on the 12 and 24 weeks ended June 19, 2010.
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