As at August 31 (in thousands of Canadian dollars)		Notes	2006	2005
Asset	Current
	Cash and cash equivalents	15	$68,912	$18,103
	Short-term investments	6	44,774	82,767
	Accounts receivable		90,766	93,425
	Program and film rights		69,293	64,365
	Prepaid expenses and other current assets		16,804	14,558
			290,549	273,218
	Program and film rights		41,950	40,124
	Other non-current assets	7	11,188	9,318
	Property, plant and equipment	7,8	77,960	74,002
	Broadcast licences	9	883,304	883,304
	Goodwill		86,240	86,240
	Future income tax assets	14	9,169	12,169
			$1,400,360	$1,378,375
Liabilities	Current
	Accounts payable and accrued liabilities		$79,067	$91,087
	Income taxes payable		19,465	14,912
	Program and film rights payable		59,278	56,675
	Future income tax liabilities	14	2,949	1,739
			160,759	164,413
	Future income tax liabilities	14	248,325	256,110
	Other non-current liabilities	11	28,266	30,891
	Liabilities of discontinued operations	4	3,477	4,572
Shareholders' equity	Capital stock	12	562,092	576,419
	Contributed surplus	12	8,750	3,420
	Retained earnings		388,691	342,550
			959,533	922,389
			$1,400,360	$1,378,375

Commitments and contingencies (note 16).
See accompanying notes.

On behalf of the Board:

Ian Greenberg, Director	André Bureau, Director