notes to the Consolidated Financial Statements (cont’d) There was no impact on the Company’s opening statement of financial position; however, the Company was required to recognize  adjustments in subsequent periods as follows:  As at and for the 52 weeks ended January 1, 2011: As detailed in  note 23 , the Company completed a share repurchase in the second quarter of 2010 and wound up a subsidiary company  that had held all repurchased shares in the 4th quarter of 2010, resulting in the cancellation of the shares held by the subsidiary. As a result of restating the purchase price allocation of FPI on transition to IFRS (as detailed in  note 26 (c)(i)), the Company adjusted the  cost base of the common and non-voting equity shares.  As a result, the Company was required to recognize adjustments with respect to the capital transactions completed throughout 2010  as at January 1, 2011 as follows: The above changes decreased (increased) the Company’s net deferred tax liability as follows: The effect on the consolidated statement of comprehensive income for the year ended January 1, 2011 was to decrease the previously  reported tax charge for the period by $0.7 million. The adjustment in  note (iii)  relating to the recognition of the actuarial loss in other comprehensive income resulted in an increase in  the deferred tax asset of $0.6 million, with the related tax recovery recorded in other comprehensive income for the year ended  January 1, 2011. Under IFRS, all deferred taxes are classified as non-current, irrespective of the classification of the underlying assets or liabilities to  which they relate, or the expected reversal of the temporary difference. The effect is to reclassify $3.8 million at January 3, 2010 and  $2.4 million at January 1, 2011 from current deferred income tax assets to long-term deferred income tax assets or liabilities. (xii) Income taxes (xi) Capital transactions 1. A decrease in cash and cash equivalents of $0.2 million; 2. A decrease in accounts receivable and prepaid expenses of $0.01 million; 3. A decrease in inventories of $1.5 million; 4. A decrease in property, plant and equipment of $0.06 million; 5. A decrease in other receivables and sundry investments of $0.03 million; 6. An increase in investment in equity-accounted investee of $0.15 million; 7. A decrease in accounts payable and accrued liabilities of $1.6 million;  8. The elimination of non-controlling interests (a decrease of $0.05 million); and 9. The recognition of share of profit of equity-accounted investee net of income taxes of $0.02 million. 1. An increase to share capital of $1.5 million; 2. A decrease to contributed surplus of $1.4 million; and  3. A decrease to retained earnings of $0.1 million. 115 AnnuAl RepoRt 2011 January 3 January 1 (Amounts in $000s) Note 26 (c)  2010  2011 Business combination  (i)  $   (993)  $   (959) Employee future benefits  (iii)   2,627  3,266  Acccounting for hedge ineffectiveness  (v)   89  133  Impairment of a financial asset  (vi)   81  81  Impairment of a non-financial asset  (vii)   (60)   (58) Property, plant and equipment  (ix)   (3,194)   (3,124) Other  (xi)   (134)   (348) Net deferred income tax liability $   (1,584)  $  (1,009) Changes as presented on the statement of financial position:  Deferred income tax asset  $   3,198 $   1,355  Deferred income tax liability   (4,782)   (2,364) $   (1,584)  $   (1,009)