Results and Outlook


(in thousands of Canadian dollars) For the year ended March 31
2015 2014 % change
Gain on sale of shares 33,548 - N/A
Dilution gain - 1,040 (100.0)
Gain (loss) on disposal of property and equipment and intangibles 5,122 (4,004) N/M
TOTAL 38,670 (2,964) N/M

N/A = not applicable

N/M = not meaningful

Non-operating gains of $38.7 million this year resulted mainly from the July 2014 sale of a portion of our investment in the share capital of SiriusXM for a gain of $33.5 million. Gains of $5.1 million from the disposal of property and equipment and intangible assets include expected insurance proceeds and the associated write-off of a mobile production vehicle that was destroyed by fire. Other net gains in 2014-2015 were due to asset retirements and disposals as we continue to renew equipment and reduce our real estate footprint.