Financial Statements of - Shoppers Drug Mart

SHOPPERS DRUG MART CORPORATION
Notes to the Consolidated Financial Statements
(unaudited)
(in thousands of Canadian dollars, except per share data)
13. EXPLANATION OF TRANSITION TO IFRS (continued)
Reconciliation of Comprehensive Income for the 52 weeks ended January 1, 2011
Effect of
transition to
Note Previous GAAP IFRS IFRS
Net earnings $ 590,743 $ 1,108 $ 591,851
Other comprehensive income (loss), net of tax:
Effective portion of changes in fair value hedges on interest rate derivatives (net of tax of $525) 1,120 - 1,120
Effective portion of changes in fair value hedges on equity forward derivatives (net of tax of $205) (521) - (521)
Net change in fair value of hedges on interest rate and equity forward derivatives transferred to profit or loss (net of tax of $13) 33 - 33
Retirement benefit obligations actuarial losses (net of tax of $2,905) b)vi) - (8,150) (8,150)
Other comprehensive income (loss), net of tax 632 (8,150) (7,518)
Total comprehensive income for the financial year $ 591,375 $ (7,042) $ 584,333
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