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)
27. RELATED PARTY TRANSACTIONS
Key Management Personnel Compensation
Key management personnel are those individuals having authority and responsibility for planning,
directing and controlling the activities of the Company, including members of the Company’s Board of
Directors. The Company considers key management to be the members of the Board of Directors and the
Chief Executive Officer.
Key management personnel may also participate in the Company’s stock-based compensation plans and
the Company’s LTIP and RSU Plan. See Note 15 to the Company’s 2010 annual financial statements
reported under Canadian GAAP and Note 11 above.
Key management personnel compensation comprised:
January 1,
2011
Wages and salaries $ 1,384
Statutory deductions 105
Expense related to pension and benefits 1,999
Share-based payment transactions 5,120
$ 8,608
Key management personnel may purchase goods for personal and family use from the Company on the
same terms as those available to all other employees of the Company.
Principal Subsidiaries
All of the Company’s subsidiaries are wholly-owned. Intra-company balances and transactions and any
unrealized earnings and expenses arising from intra-company transactions are eliminated in preparing the
consolidated financial statements. Principal subsidiary companies as at January 1, 2011 were as follows:
Shoppers Drug Mart Inc.
Shoppers Drug Mart (London) Limited
Pharmaprix Inc.
911979 Alberta Ltd.
Shoppers Realty Inc.
The list excludes non-trading companies that have no material effect on the accounts of the Company.
The Associate-owned stores are operated through corporations owned by the Associates. See Note
3(a)(ii) for a further discussion.
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