Summarized impact on the comparative period condensed consolidated statement of other comprehensive income (loss):
3 months ended March 31, 2012 Adjustments Before for Accounting(millions of Canadian Accounting Policy Changes Restateddollars, unaudited) Changes IFRS 11 IAS 19 Results--------------------------------------------------------------------------Net income (loss) $ (10.9) $ - $ (2.0) $ (12.9)Other comprehensive income (loss) (8.9) - 2.0 (6.9)--------------------------------------------------------------------------Total comprehensive income (loss) $ (19.8) $ - $ - $ (19.8)--------------------------------------------------------------------------Total comprehensive income (loss) attributable to:Equity shareholders of the Company $ (23.9) $ - $ - $ (23.9)Non-controlling interests 4.1 - - 4.1--------------------------------------------------------------------------Total comprehensive income (loss) $ (19.8) $ - $ - $ (19.8)--------------------------------------------------------------------------
Summarized impact on the comparative period condensed consolidated statement of cash flows:
3 months ended March 31, 2012 Adjustments Before for Accounting(millions of Canadian Accounting Policy Changes Restateddollars, unaudited) Changes IFRS 11 IAS 19 Results--------------------------------------------------------------------------Cash generated from (used in):Operating activities $ (55.2) $ 3.4 $ - $ (51.8)Financing activities 137.0 - - 137.0Investing activities (102.0) (3.0) - (105.0)--------------------------------------------------------------------------Increase (decrease) in cash and cash equivalents $ (20.2) $ 0.4 $ - $ (19.8)--------------------------------------------------------------------------Cash and cash equivalents at beginning of period 28.9 (2.3) - 26.6--------------------------------------------------------------------------Cash and cash equivalents at end of period $ 8.7 $ (1.9) $ - $ 6.8----------------------------------------------------------------------------------------------------------------------------------------------------
The impacts to the current period condensed consolidated statement of income (loss) and the current period condensed consolidated statement of other comprehensive income (loss) as a result of amended IAS 19, Employee Benefits, are comparable to the impacts in the 2012 period (disclosed above).
Contacts:
Canfor Corporation - Media Contact
Christine Kennedy
Vice President, Public Affairs & Corporate Communications
(604) 661-5225
Christine.Kennedy@canfor.com
Canfor Corporation - Investor Contact
Pat Elliott
Vice President & Treasurer
(604) 661-5441
Patrick.Elliott@canfor.com
