consolidated financial statements
notes to consolidated financial statements
December 31, 2005
TELUS Corporation is one of Canada’s largest telecommunications companies, providing a full range of telecommunications products and services. The Company is the largest incumbent telecommunications service provider in Western Canada and provides data, Internet protocol, voice and wireless services to Central and Eastern Canada.
| Notes to consolidated financial statements | Description |
|---|---|
| 1. Summary of significant accounting policies | Summary review of accounting principles and the methods used in their application by the Company |
| 2. Accounting policy developments | Summary review of forthcoming generally accepted accounting principle developments that may affect the Company |
| 3. Regulation of rates charged to customers | Summary review of rate regulation impacts on Company operations and revenues |
| 4. Financial instruments | Summary schedule and review of financial instruments, including fair values thereof |
| 5. Restructuring and workforce reduction costs | Summary continuity schedules and review of restructuring and workforce reduction costs |
| 6. Financing costs | Summary schedule of items comprising financing costs by nature |
| 7. Income taxes | Summary reconciliations of statutory rate income tax expense to provision for income taxes and analyses of future income tax asset and liability |
| 8. Per share amounts | Summary schedules and review of numerators and denominators used in calculating per share amounts and related disclosures |
| 9. Share-based compensation | Summary schedules and review of compensation arising from share options, restricted stock units and employee share purchase plan |
| 10. Accounts receivable | Summary schedule and review of arm’s-length securitization trust transactions and related disclosures |
| 11. Capital assets | Summary schedule of items comprising capital assets |
| 12. Goodwill | Summary schedule of goodwill and review of reported fiscal year acquisitions from which goodwill arises |
| 13. Short-term obligations | Summary review of bilateral bank facilities |
| 14. Long-term debt | Summary schedule of long-term debt and related disclosures |
| 15. Shareholders’ equity | Summary schedules and review of shareholders’ equity and changes therein including share option price stratification and normal course issuer bid summaries |
| 16. Commitments and contingent liabilities | Summary review of contingent liabilities, labour negotiations, commitments, lease obligations, guarantees, claims and lawsuits |
| 17. Additional financial information | Summary schedules of items comprising certain primary financial statement line items |
| 18. Employee future benefits | Summary and review of employee future benefits and related disclosures |
| 19. Segmented information | Summary disclosure of segmented information regularly reported to the Company’s chief operating decision maker |
| 20. Related party transactions | Summary and review of 2004 transactions with a formerly related party |
| 21. Differences between Canadian and United States | Summary schedules and review of differences between Canadian generally accepted accounting principles generally accepted accounting principles and United States generally accepted accounting principles as they apply to the Company |