notes to the Consolidated Financial Statements (cont’d) (xiii) IFRS adjusted equity The above changes (decreased) increased the components of equity (net of related tax) as at the transition date and for each of the  subsequent reporting periods as follows:  (Amounts in $000s)  Note 26 (c)  January 3, 2010  January 1, 2011 Adjustment to retained earnings:  Business combination restatement  (i)  $  10,878 $   10,496  Reclassification of contributed surplus  (i)  364  364  Cumulative translation differences  (ii)   (14,545)   (14,545) Employee future benefits  (iii)   (7,098)   (8,585) Share-based payments  (iv)   (1,043)   (423) Accounting for hedge ineffectiveness in inventory  (v)   (189)   96  Reclassification for hedge ineffectiveness from AOCI  (v)   (95)   (95) Impairment of a financial asset  (vi)   (184)   (210) Impairment of a non-financial asset  (vii)   119  119  Property, plant and equipment  (ix)   6,339  5,698  Capital transaction restatement  (xi)   – (116) Deferred income taxes (other)  (xii)   4  76  Decrease in retained earnings  $   (5,450)  $   (7,125) Reclassifications within equity: Reclassifications from AOCI  Cumulative translation differences  (ii)  $   14,545  13,899  Hedge ineffectiveness accounting  (v)   95  – Increase in AOCI  $   14,640 $   13,899  Reclassifications from contributed surplus  Share-based payments  (i)  $   (364)  $   (1,717) Decrease in contributed surplus  $   (364)  $   (1,717) Restatement of share capital:  Business combination restatement  (i)  $   (2,706)  $   (2,706) Capital transaction restatement  (xi)  –  1,469  Decrease in share capital $   (2,706)  $   (1,237) Elimination of minority interest:  Investment in joint arrangement  (x)  $  – $   (50) Decrease in minority interest $  – $   (50) Net increase in equity  $   6,120 $   3,770  Equity as reported under Canadian GAAP  $   157,080 $   143,541  IFRS adjusted equity   163,200  147,311  Certain presentation differences between Canadian GAAP and IFRS have no impact on reported net income or total equity. Some  assets and liabilities have been reclassified into other line items as a result of transitioning to IFRS, while certain income statement  line items have been allocated to other lines within the income statement. These items are shown in the reconciliation statements in  the column ‘IFRS Reclassifications’ in (xii) and (xiii) above with some additional details of the allocations provided in  note 25  where  standard annual disclosures in accordance IFRS require such disclosure. (xiv) Presentation differences 27. EVENTS AFTER THE REPORTINg PERIOD 28. COmPARATIVE FIgURES On March 12, 2012, the Company purchased derivative financial instruments (options) to fix the interest rate “floor” at 1.5% on US $125  million of the fixed term debt (note 13), commencing March 31, 2012 and maturing March 31, 2014. Certain comparative figures on the consolidated statement of financial position have been reclassified due to adjustments made upon  finalization of the Viking business combination purchase price allocation in 2011. 117 AnnuAl RepoRt 2011