CanWest businesses made a profit in 09

CanWest: Operating income 196,786 (2009) 428,287 (2008) CANWEST GLOBAL COMMUNICATIONS CORP. 2009 CONSOLIDATED STATEMENTS

CanWest shareholders shares expropriated, though CanWest making an operating profit
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CANWEST GLOBAL COMMUNICATIONS CORP.
(Under Creditor Protection Proceedings as of October 6, 2009
CONSOLIDATED STATEMENTS OF LOSS
FOR THE YEARS ENDED AUGUST 31
(In thousands of Canadian dollars except as otherwise noted)
2009 2008
(Revenue 2,867,459 3,126,582
Operating expenses 2,405,452 2,554,622
Restructuring expenses 72,158 20,715 extra
Broadcast rights write-downs 48,756 - extra
Retirement plan curtailment expense (note 24) 31,327 -
309,766 551,245
Amortization of intangible assets 7,978 9,040 not a loss
Amortization of property and equipment 104,590 113,539 not a loss
Other amortization 412 379
Operating income 196,786 428,287
Interest expense (324,672) (328,517)
Accretion of long-term liabilities (note 14) (109,196) (67,560)
Interest income (note 7) 2,445 21,946
Interest rate and foreign currency swap losses
(notes 12 and 25) (150,327) (53,991)
Foreign exchange gains (losses) (note 25) 277,952 (10,219)
Investment gains, losses and write-downs (note
20) 52,512 (31,652)
Impairment loss on property and equipment
(note 9) (32,418) -
Impairment loss on intangible assets (note 11) (226,341) (408,484)
Impairment loss on goodwill (note 10) (1,158,339) (596,895)
(1,471,598) (1,047,085)
Provision for (recovery of) income taxes
(note 19) 165,181 (23,318)
Loss before the following (1,636,779) (1,023,767)
Minority interest 3 (42,439)
Interest in earnings of equity accounted
affiliates (note 7) 1,181 39,989
Realized currency translation adjustments (718) 850
Net loss from continuing operations (1,636,313) (1,025,367)
Loss from sale of discontinued operations
(note 21) (8,755) (6,970)
Loss from discontinued operations (note 21) (44,201) (9,806)
Net loss from discontinued operations (52,956) (16,776)
Net loss for the year (1,689,269) (1,042,143)