Derivatives. As a result, with respect to the long-term debt and Debt
Derivatives, a one cent change in the Canadian dollar relative to the US
dollar would have no effect on net income.
A one cent change in the Canadian dollar relative to the US dollar
would have resulted in no impact to net income and a $7 million
change, net of income taxes of $2 million, in other comprehensive
income for the year ended December 31, 2013 related to our
Expenditure Derivatives.
A portion of our accounts receivable and accounts payable and accrued
liabilities is denominated in US dollars. Due to the short-term nature of
these receivables and payables, there is no significant market risk from
fluctuations in foreign exchange rates as at December 31, 2013.
114 ROGERS COMMUNICATIONS INC. 2013 ANNUAL REPORT