notes to the Consolidated Financial Statements (cont’d) Consolidated statement of income: 105 AnnuAl RepoRt 2011 Consolidated statement of comprehensive income: Fifty-two weeks ended  CGAAP  IFRS  (unaudited) January 1  January 1 (In thousands of Canadian dollars)  Note 26 (c)  2011 Adjustments 2011 Net income for the period  $  19,816  $  169  $  19,985  Other comprehensive loss, net of income tax  Gain on hedge of net investment in foreign operations   313  –  313  Loss on translation of net investment in foreign operations   (3,435)   (647)   (4,082) (3,122)   (647)   (3,769) Effective portion of changes in fair value of cash flow hedges  v   (2,251)   –  (2,251) Net change in fair value of cash flow hedges tranferred to income   2,763  (94)   2,669   512  418  Defined benefit plan actuarial losses  iii   –  (1,727)   (1,727) Other comprehensive loss, net of income tax   (2,610)   (2,374)   (5,078) Total comprehensive income for the period  $  17,206  $  (2,205)   $  14,907 Fifty-two weeks ended  CGAAP  IFRS  (unaudited) January 1  January 1 (In thousands of Canadian dollars, except per share information)  Note 26 (c)  2011   Reclassifications Adjustments 2011 Sales  $  584,715  $  –  $  –  $  584,715  Cost of sales iii,iv,v,ix  444,359  2,070  1,113  447,542  Distribution expenses  29,591  (29,591)   –  – Gross profit  110,765  27,521  (1,113)   137,173  Foreign exchange gain  (35)   35  –  – Business acquisition, integration and other expenses  ix  875  –  –  875  Distribution expenses  ix  –  29,968  59  30,027  Selling, general and administrative expenses  iii,ix  66,477  3,166  (1,143)   68,500  Stock option expense  4,353  (4,353)   –  – Results from operating activities  39,095  (1,295)   (29)   37,771  Amortization of intangible assets  1,204  (1,204)   –  – Short-term interest expense  i,iv,vi  1,501  (1,158)   (343)   – Long-term interest expense 3,736  (3,736)   –  – Loss on disposal of property, plant and equipment  60  (60)   –  – Finance costs  i,iv,vi  –  4,863  302  5,165  Share of income of equity accounted investee (net of income tax)  x  –  –  (18)   (18) Income before income taxes  32,594  –  30  32,624  Income taxes Current  6,380  –  –  6,380  Deferred  xi  6,398  –  (139)   6,259  Total income taxes   12,778  –  (139)   12,639  Net income for the period  $  19,816  $  –  $  169  $  19,985  PER SHARE EARNINGS Earnings per common share  Basic  1.23  1.24  Diluted  1.22  1.23  Weighted average number of shares outstanding for the period Basic 16,096,010 16,096,010  Diluted 16,244,728 16,243,780 