Notes to Consolidated Financial Statements  Year ended December 31, 2011  Reconciliation of comprehensive income for the year ended December 31, 2010  48  2011 Annual Report  Alaris Royalty Corp. Effect of Previous Transition Note GAAP To IFRSs IFRSs Revenues  Royalties and distributions $16,657,034 - $16,657,034 Interest and other  2,190  -  2,190  Total Revenue  16,659,224 - 16,659,224 Salaries and benefits  1,060,915  -  1,060,915  Corporate and office  626,990  -  626,990  Legal and accounting fees  443,262  -  443,262  Stock-based compensation  a  226,105  (226,105)  -  Non-cash stock-based compensation a 1,872,830 (54,849) 1,817,981 Depreciation and amortization  190,028  -  190,028  Subtotal  4,420,130 (280,954) 4,139,176 Earnings from operations  12,239,094 280,954 12,520,048 Finance cost  1,707,713  -  1,707,713  Earnings before taxes  10,531,381 280,954 10,812,335 Deferred income tax expense  545,609  2,865,510  3,411,119  Earnings  $9,985,772 (2,584,556)  $7,401,216  Other comprehensive income  Net change in fair value of available-for-sale  financial assets  c - 14,381,679 14,381,679 Tax impact of fair value adjustment - (1,797,710) (1,797,710) Other comprehensive income for the period, net  of income tax  - 12,583,969 12,583,969 Total comprehensive income for the period  $9,985,772 9,999,413 $19,985,185 Earnings per share  Basic earnings per share  $0.76  ($0.20)  $0.56  Diluted earnings per share  $0.73  ($0.19)  $0.54 