Class Notes (835,760)
Canada (509,376)
Accounting (108)
ACCTG311 (34)

Chapter 5 Appendix.pdf

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Kristie Dewald

Consolidated Statements of Earnings For the 52 weeks ended December 31, 2011 and January 1, 2011 (in thousands of Canadian dollars, except per share amounts) 2011 2010 Sales $ 10,458,652 Cost of goods sold 9 (6,416,208) Gross profit 4,042,444 Operating and administrative expenses 10, 11, 13 (3,131,539) (3,011,758) Operating income 910,905 12 Finance expenses (64,038) Earnings before income taxes 846,867 14 Income taxes Current (208,696) Deferred (24,237) (232,933) Net earnings $613,934 Net earnings per common share 25 Basic $ 2.84 25 Diluted $ 2.84 Weighted average common shares outstanding (millions): 25 Basic 216.4 25 Diluted 216.5 Actual common shares outstanding (millions) 24 212.5 (1In preparing its 2010 comparative information, the Company has adjusted amounts reported previously in financial statements prep ared in accordance with Canadian Generally Accepted Accounting Principles (“previous Canadian GAAP”). See Note 30 to these consolidated financial statem ents for an explanation of the transition to International Financial Reporting Standards (“IFRS”). The accompanying notes are an integral part of these consolidated financial statements. Consolidated Statements of Comprehensive Income For the 52 weeks ended December 31, 2011 and January 1, 2011 (in thousands of Canadian dollars) Note 2011 2010 Net earnings $613,934 Other comprehensive income (loss), net of tax Effective portion of changes in fair value of hedges on interest rate derivatives (net of tax of $nil (2010: $525))
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