Financial Statements of - Shoppers Drug Mart
Financial Statements of - Shoppers Drug Mart
Financial Statements of - Shoppers Drug Mart
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SHOPPERS DRUG MART CORPORATION<br />
Notes to the Consolidated <strong>Financial</strong> <strong>Statements</strong><br />
(unaudited)<br />
(in thousands <strong>of</strong> Canadian dollars, except per share data)<br />
13. EXPLANATION OF TRANSITION TO IFRS (continued)<br />
Reconciliation <strong>of</strong> Comprehensive Income for the 12 weeks ended March 27, 2010<br />
Effect <strong>of</strong><br />
Previous transition to<br />
GAAP IFRS<br />
IFRS<br />
Net earnings $ 115,633 $ 6,619 $ 122,252<br />
Other comprehensive loss, net <strong>of</strong> tax:<br />
Effective portion <strong>of</strong> changes in fair value hedges on interest rate derivatives (net <strong>of</strong> tax <strong>of</strong> $132) 282 - 282<br />
Effective portion <strong>of</strong> changes in fair value hedges on equity forward derivatives (net <strong>of</strong> tax <strong>of</strong> $215) (473) - (473)<br />
Net change in fair value <strong>of</strong> hedges on interest rate and equity forward derivatives transferred to pr<strong>of</strong>it or loss (net <strong>of</strong> tax <strong>of</strong> $4) 9 - 9<br />
Other comprehensive loss, net <strong>of</strong> tax (182) - (182)<br />
Total comprehensive income for the 12 weeks ended March 27, 2010 $ 115,451 $ 6,619 $ 122,070<br />
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