Consolidated Statements of Changes in Shareholders’ Equity (In millions of Canadian dollars) CONSOLIDATED FINANCIAL STATEMENTS The accompanying notes are an integral part of the consolidated financial statements. 92 ROGERS COMMUNICATIONS INC. 2013 ANNUAL REPORT Class A Voting shares Class B Non-Voting shares Available- for-sale financial assets reserve Hedging reserve Total shareholders’ equity Year ended December 31, 2012 Amount Number of shares Amount Number of shares Share premium Retained earnings (000s) (000s) Balances, January 1, 2012 $ 72 112,462 $ 406 412,395 $ 243 $ 2,443 $ 433 $ (25) $ 3,572 Net income for the year – – – – – 1,693 – – 1,693 Other comprehensive income (loss): Defined benefit pension plans, net of tax – – – – – (173) – – (173) Available-for-sale investments, net of tax – – – – – – (190) – (190) Derivative instruments, net of tax – – – – – – – 35 35 Total other comprehensive income (loss) – – – – – (173) (190) 35 (328) Comprehensive income for the year – – – – – 1,520 (190) 35 1,365 Transactions with shareholders, recorded directly in equity: Repurchase of Class B Non-Voting shares (note 23) – – (10) (9,637) (243) (97) – – (350) Dividends declared – – – – – (820) – – (820) Shares issued on exercise of stock options – – 1 30 – – – – 1 Total transactions with shareholders – – (9) (9,607) (243) (917) – – (1,169) Balances, December 31, 2012 $ 72 112,462 $ 397 402,788 $ – $ 3,046 $ 243 $ 10 $ 3,768 Class A Voting shares Class B Non-Voting shares Available- for-sale financial assets reserve Total shareholders’ equity Year ended December 31, 2013 Amount Number of shares Amount Number of shares Share premium Retained earnings Hedging reserve (000s) (000s) Balances, January 1, 2013 $ 72 112,462 $ 397 402,788 $ – $ 3,046 $ 243 $ 10 $ 3,768 Net income for the year – – – – – 1,669 – – 1,669 Other comprehensive income (loss): Defined benefit pension plans, net of tax – – – – – 98 – – 98 Available-for-sale investments, net of tax – – – – – – 158 – 158 Derivative instruments, net of tax – – – – – – – (111) (111) Total other comprehensive income (loss) – – – – – 98 158 (111) 145 Comprehensive income for the year – – – – – 1,767 158 (111) 1,814 Transactions with shareholders, recorded directly in equity: Repurchase/cancellation of Class B Non-Voting shares (note 23) – – (1) (591) – (21) – – (22) Dividends declared – – – – – (896) – – (896) Shares issued on exercise of stock options – – 5 84 – – – – 5 Total transactions with shareholders – – 4 (507) – (917) – – (913) Balances, December 31, 2013 $ 72 112,462 $ 401 402,281 $ – $ 3,896 $ 401 $ (101) $ 4,669