Financial Reporting

Financial Reporting Disclosure

Future Accounting Standards

Refer to Note 3 of the consolidated financial statements for information pertaining to accounting changes effective during 2014-2015 and for information on issued accounting pronouncements that will be effective in future years.

Key Accounting Estimates and Critical Judgments

Discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with IFRS. Our key significant accounting estimates and critical judgments are contained in Note 4 of our annual financial statements. During the year, a new significant estimate arose from the valuation of the advertising minutes given up as part of the Rogers deal. Full details are included in Note 7 of our consolidated financial statements.

Transactions with Related Parties

Investments in associate

On July 28, 2014, we sold 4.8 million Class A shares in Sirius XM Canada Holdings Inc. (SiriusXM), decreasing our equity interest to 10.2% and our voting interest to 9.7%.

Transactions with defined benefit pension plans

We made employer contributions to defined benefit plans as discussed in Note 26. We also provided management and administrative services to our defined benefit pension plans.