Q1 2013 Shareholder Report
2013 FIRST QUARTER SHAREHOLDER REPORT MAY 8, 2013 Q1 Contents Caution Regarding Forward-Looking Statements 3 About Our Business 4 Quarterly Financial Information 8 Financial Results Analysis 9 Consolidated Analysis 9 Segmented AnalysisQ1 13 Financial and Capital Management 19 Updates to Our Regulatory Environment 22 Assumptions and Risks that Could Affect Our Business and Results 22 Our Accounting Policies 25 Controls and Procedures 27 Non-GAAP Financial Measures 27 Consolidated Financial Statements 29 Notes to Consolidated Financial Statements 33 Management’s Discussion and Analysis In this management’s discussion and analysis of financial condition and results of operations (MD&A), we, us, our, BCE and the company mean either BCE Inc. or, collectively, BCE Inc., its subsidiaries, joint ventures and associates. Bell means our Bell Wireline, Bell Wireless and Bell Media segments on an aggregate basis. Bell Aliant means either Bell Aliant Inc. or, collectively, Bell Aliant Inc. and its subsidiaries, joint ventures and associates. All amounts in this MD&A are in millions of Canadian dollars, except where noted. Please refer to the unaudited consolidated financial statements for the first quarter of 2013 when reading this MD&A. We also encourage you to read BCE’s MD&A for the year ended December 31, 2012 dated March 7, 2013 (BCE 2012 Annual MD&A). In preparing this MD&A, we have taken into account information available to us up to May 8, 2013, the date of this MD&A, unless otherwise stated. You will find more information about us, including BCE’s annual information form for the year ended December 31, 2012 dated March 7, 2013 (BCE 2012 AIF) and recent financial reports on BCE’s website at www.bce.ca, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
[Show full text]