Financial Statements of - Shoppers Drug Mart

Shoppers Drug Mart Corporation
Consolidated Balance Sheets
(unaudited)
(in thousands of Canadian dollars)
March 26, January 1, March 27, January 3,
Note
2011 2011 (1) 2010 (1)
2010 (1)
Current assets
Cash $ 69,744 $ 64,354 $ 41,700 $ 44,391
Accounts receivable 436,406 432,089 478,128 470,935
Inventory 1,925,780 1,957,525 1,830,078 1,852,441
Income taxes recoverable 20,416 20,384 3,823 -
Prepaid expenses and deposits 49,768 68,468 54,365 74,206
Total current assets 2,502,114 2,542,820 2,408,094 2,441,973
Non-current assets
Property and equipment 20 1,694,669 1,690,110 1,546,229 1,547,725
Goodwill 21 2,498,495 2,493,108 2,491,941 2,483,430
Intangible assets 268,545 272,217 260,128 258,766
Other assets 23,579 19,678 17,411 16,716
Deferred tax assets 19 26,018 26,264 28,281 28,456
Total non-current assets 4,511,306 4,501,377 4,343,990 4,335,093
Total assets $ 7,013,420 $ 7,044,197 $ 6,752,084 $ 6,777,066
Liabilities
Bank indebtedness $ 223,832 $ 209,013 $ 250,441 $ 270,332
Commercial paper 106,907 127,828 247,488 260,386
Accounts payable and accrued liabilities 23 907,146 1,002,806 928,105 981,840
Income taxes payable - - - 17,046
Dividends payable 9 54,368 48,927 48,922 46,748
Current portion of long-term debt 249,459 - - -
Total current liabilities 1,541,712 1,388,574 1,474,956 1,576,352
Long-term debt 694,521 943,412 945,226 946,098
Other long-term liabilities 22, 23, 24 466,340 457,607 415,161 400,955
Deferred tax liabilities 19 24,376 23,064 18,122 21,676
Associate interest 131,595 138,993 123,255 130,189
Total long-term liabilities 1,316,832 1,563,076 1,501,764 1,498,918
Total liabilities 2,858,544 2,951,650 2,976,720 3,075,270
Shareholders' equity
Share capital 9 1,521,421 1,520,558 1,519,903 1,519,870
Contributed surplus 11 9,837 11,702 10,661 10,274
Accumulated other comprehensive loss (8,485) (8,643) (1,307) (1,125)
Retained earnings 2,632,103 2,568,930 2,246,107 2,172,777
Total shareholders' equity 4,154,876 4,092,547 3,775,364 3,701,796
Total liabilities and shareholders' equity $ 7,013,420 $ 7,044,197 $ 6,752,084 $ 6,777,066
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 these consolidated financial statements for an explanation of the transition to IFRS.
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