Adoption of IFRS 15 and IFRS 9 (Tables) - IFRS 15 and IFRS 9 [member]

12 Months Ended

Jan. 31, 2019

Summary of the Effect of Adoption of IFRS 15 and IFRS 9, Consolidated Statements of Income

The effect of adoption of IFRS 15 and IFRS 9 on the consolidated statements of net income for the year ended January 31, 2018 was as follows:


		Year ended January 31, 2018
	Reference	Previously reported			Adjust- ments			Restated
Revenues	A, B		$4,486.9			$(34.4	)		$4,452.5
Cost of sales	B		3,419.4			(12.0	)		3,407.4
Gross profit			1,067.5			(22.4	)		1,045.1

Operating expenses
Selling and marketing			288.6			—			288.6
Research and development			198.6			—			198.6
General and administrative			166.3			—			166.3
Other operating expenses			13.9			—			13.9
Total operating expenses			667.4			—			667.4
Operating income			400.1			(22.4	)		377.7

Financing costs	C		60.1			(3.5	)		56.6
Financing income			(2.2	)		—			(2.2	)
Foreign exchange gain on long-term debt	C		(51.9	)		(1.4	)		(53.3	)
Income before income taxes			394.1			(17.5	)		376.6
Income tax expense			119.6			17.9			137.5

Net income			$274.5			$(35.4	)		$239.1
Attributable to shareholders			$274.2			$(35.3	)		$238.9
Attributable to non-controlling interest			$0.3			$(0.1	)		$0.2

Basic earnings per share			$2.56			$(0.33	)		$2.23

Diluted earnings per share			$2.54			$(0.33	)		$2.21

Summary of the Effect of Adoption of IFRS 15 and IFRS 9, Consolidated Statements of Financial Position

The effect of adoption of IFRS 15 and IFRS 9 on the consolidated statements of financial position as at January 31, 2018 and February 1, 2017 was as follows:


			As at January 31, 2018									As at February 1, 2017
	Reference		Previously reported			Adjust- ments			Restated			Previously reported		Adjust- ments			Restated
Cash				$226.0			$—			$226.0			$298.6		$—			$298.6
Trade and other receivables				330.1			(1.3	)		328.8			326.7		(1.4	)		325.3
Income taxes and investment tax credits receivable				19.9			—			19.9			46.2		—			46.2
Other financial assets				11.5			—			11.5			3.5		—			3.5
Inventories				752.5			(9.7	)		742.8			689.8		(7.7	)		682.1
Other current assets				18.3			2.1			20.4			18.2		2.7			20.9
Total current assets				1,358.3			(8.9	)		1,349.4			1,383.0		(6.4	)		1,376.6

Investment tax credits receivable				4.5			—			4.5			4.2		—			4.2
Other financial assets				21.4			—			21.4			20.1		—			20.1
Property, plant and equipment				766.8			—			766.8			673.2		—			673.2
Intangible assets				314.6			—			314.6			317.1		—			317.1
Deferred income taxes				91.0			74.0			165.0			116.4		85.6			202.0
Other non-current assets				1.8			0.1			1.9			2.2		0.1			2.3
Total non-current assets				1,200.1			74.1			1,274.2			1,133.2		85.7			1,218.9
Total assets				$2,558.4			$65.2			$2,623.6			$2,516.2		$79.3			$2,595.5

Trade payables and accruals				$805.5			$—			$805.5			$718.5		$—			$718.5
Provisions		A, B		255.0			123.8			378.8			232.5		111.8			344.3
Other financial liabilities				133.5			—			133.5			94.7		—			94.7
Income tax payable				42.6			—			42.6			29.6		—			29.6
Deferred revenues		B		—			62.1			62.1			—		63.0			63.0
Current portion of long-term debt				19.8			—			19.8			22.7		—			22.7
Other current liabilities				7.3			(7.3	)		—			6.0		(6.0	)		—
Total current liabilities				1,263.7			178.6			1,442.3			1,104.0		168.8			1,272.8

Long-term debt		C		970.8			24.2			995.0			901.0		28.4			929.4
Provisions		A, B		96.8			(10.5	)		86.3			85.5		2.6			88.1
Other financial liabilities				27.8			—			27.8			28.7		—			28.7
Deferred revenues		B		—			122.3			122.3			—		105.4			105.4
Employee future benefit liabilities				224.8			—			224.8			194.1		—			194.1
Deferred income taxes				6.0			(4.8	)		1.2			16.8		(14.3	)		2.5
Other non-current liabilities				25.9			(10.0	)		15.9			20.6		(7.1	)		13.5
Total non-current liabilities				1,352.1			121.2			1,473.3			1,246.7		115.0			1,361.7
Total liabilities				2,615.8			299.8			2,915.6			2,350.7		283.8			2,634.5
Equity (deficit)				(57.4	)		(234.6	)		(292.0	)		165.5		(204.5	)		(39.0	)
Total liabilities and equity (deficit)				$2,558.4			$65.2			$2,623.6			$2,516.2		$79.3			$2,595.5