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(dollar amounts in Canadian dollars unless otherwise indicated)
The following is a discussion of the consolidated
financial condition and results of operations of TELUS
Corporation (TELUS or the Company) for the twelve-month
periods ended December 31, 2001 and 2000,
and of certain factors the Company believes are likely to
affect its prospective financial condition. This discussion
contains forward-looking information that is qualified by
reference to, and should be read in conjunction with, the
Company’s discussion regarding Forward-Looking
Statements. The following should also be
read in conjunction with the accompanying Audited
Consolidated Financial Statements of TELUS and notes
thereto. The financial statements
have been prepared in accordance with Canadian
Generally Accepted Accounting Principles (GAAP),
which differ in certain respects from U.S. GAAP. See
Note 23 to the Financial Statements for a summary of
the principal differences between Canadian and U.S.
GAAP as they relate to TELUS.
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annual report
