XML 91 R63.htm IDEA: XBRL DOCUMENT v3.10.0.1
related party transactions (Tables)
6 Months Ended
Jun. 30, 2018
related party transactions  
Summary of transactions with key management personnel

 

 

 

 

Three months

 

Six months

 

Periods ended June 30 (millions)

 

2018

 

2017

 

2018

 

2017

 

Short-term benefits

 

$

3

 

$

3

 

$

6

 

$

6

 

Post-employment pension 1 and other benefits

 

3

 

 

4

 

1

 

Share-based compensation 2

 

21

 

8

 

24

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

$

27

 

$

11

 

$

34

 

$

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)Our Executive Leadership Team members are members of our Pension Plan for Management and Professional Employees of TELUS Corporation and non-registered, non-contributory supplementary defined benefit pension plans.

(2)For the three-month and six-month periods ended June 30, 2018, share-based compensation expense is net of $1 (2017 – $1) and $NIL (2017 – $1), respectively, of the effects of derivatives used to manage share-based compensation costs (Note 14(b)).

 

Six-month periods ended June 30

 

2018

 

2017

 

($ in millions)

 

Number of
restricted
stock units

 

Notional
value 
1

 

Grant-date
fair value 
1

 

Number of
restricted
stock units

 

Notional
value 
1

 

Grant-date
fair value 
1

 

Awarded in period

 

608,849

 

$

28

 

$

36

 

686,595

 

$

30

 

$

30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Notional value is determined by multiplying the Common Share price at the time of award by the number of units awarded. The grant-date fair value differs from the notional value because the fair values of some awards have been determined using a Monte Carlo simulation (see Note 14(b)).

 

As at (millions)

 

June 30,
2018

 

December 31,
2017

 

Restricted stock units

 

$

59

 

$

40

 

Deferred share units 1

 

20

 

24

 

 

 

 

 

 

 

 

 

$

79

 

$

64

 

 

 

 

 

 

 

 

 

 

(1)

Our Directors’ Deferred Share Unit Plan provides that, in addition to his or her annual equity grant of deferred share units, a director may elect to receive his or her annual retainer and meeting fees in deferred share units, Common Shares or cash. Deferred share units entitle directors to a specified number of, or a cash payment based on the value of, our Common Shares. Deferred share units are paid out when a director ceases to be a director, for any reason, at a time elected by the director in accordance with the Directors’ Deferred Share Unit Plan; during the three-month and six-month periods ended June 30, 2018, $6 (2017 – $9) and $6 (2017 – $11), respectively, was paid out.