Results and Outlook
|(in thousands of Canadian dollars)||For the year ended March 31|
|Gain on sale of shares||33,548||-||N/A|
|Gain (loss) on disposal of property and equipment and intangibles||5,122||(4,004)||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.