Operating income was higher than last year while net income was
lower. The increase in operating income is mainly because of the
increase in adjusted operating profit. Net income was lower mainly
because in 2012 we realized a $233 million gain on spectrum licenses
that Inukshuk sold to our non-related venture partner as well as the
related income tax benefits we recorded that year.
36 ROGERS COMMUNICATIONS INC. 2013 ANNUAL REPORT