Understanding Financial Statements

Locate and use an audited annual financial statement

STEP 1: The Company Assigned to you

Find the most recent audited annual financial statement online for the Canadian public company assigned to the last digit of your student number as per the industry table copied below. Example: if your student number is 1234765, the last digit of your student number is 5 and the company assigned to you is BCE Inc.

The audited annual financial statement obtained from SEDAR must contain audited financial statements and the MD&A (management's discussion and analysis). In SEDAR you should look for the Audited Annual Financial Statements. If complementary data is needed to answer any of the questions of steps 2 and 3, you can look at any of the following complementary documents: Annual Report, MD&A or Annual Information Form.

Industry: Communications, Media and Film

Last digit of your student number	Company Assigned
0	Thomson Reuters Corporation
1	Torstar Corporation
2	Stingray Group Inc.
3	Cineplex Inc.
4	SHAW COMMUNICATIONS INC.
5	BCE Inc.
6	Postmedia Network Canada Corp.
7	CordovaCann Corp. (formerly LiveReel Media Corporation)
8	Corus Entertainment Inc.
9	LIONS GATE ENTERTAINMENT CORP.

STEP 2: Write the cover of your report (1 page)

In one page maximum indicate the following:

1. the full and legal name of the Company
2. the exact website address of the company (URL)
3. describe the business or type of activity of the assigned company in your own words (minimum 100 words, maximum 300 words). Do not copy or cut and paste from any document available on the internet; doing so is a breach of intellectual property.
4. properly identify the period of the audited annual financial statements.
5. the exact website address of all the documents consulted in SEDAR (URL)
6. provide your name, student number, course, section and term.

STEP 3: Write the report (1 page)

In your report it is required to copy the questions listed below, provide the answer to each question, and indicate in which page number of the audited annual financial statements the answer you provide is found.

Find the data for the most recent year:

1. Net Income before Income Tax (do not consider comprehensive income)
2. Total of Depreciation Expense (including Amortization)
3. Property, Plant and Equipment (net book value)
4. Earnings per Share
5. Current Assets
6. When was the MD&A dated?
7. Retained Earnings
8. Who was the auditor?
9. Who was the Chair of the Board of Directors at the time the audited annual financial statement was issued?
10. What was the percentage change in total net Revenue during the year?