What is Camecos transition time line?
For us, the first annual financial statements impacted by the conversion will be those for the year ending December 31, 2011. The first quarterly statements impacted will be those for the three months ending March 31, 2011. However, since companies are required to provide comparative figures for their first year of IFRS reporting, we will provide IFRS-compliant annual and quarterly statements for 2010 at the time we publish our 2011 annual and quarterly financial statements. The most significant expected differences between our Canadian GAAP and IFRS opening balances and earnings for the three month periods ended March 31, 2010, June 30, 2010 and September 30, 2010 have been provided.
