Results and Outlook
NON-OPERATING ITEMS
| (in thousands of Canadian dollars) | For the year ended March 31 | ||
| 2015 | 2014 | % change | |
| Gain on sale of shares | 33,548 | - | N/A |
| Dilution gain | - | 1,040 | (100.0) |
| Gain (loss) on disposal of property and equipment and intangibles | 5,122 | (4,004) | N/M |
| TOTAL | 38,670 | (2,964) | N/M |
N/A = not applicable N/M = not meaningful |
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Non-operating gains of $38.7 million this year resulted mainly from the July 2014 sale of a portion of our investment in the share capital of SiriusXM for a gain of $33.5 million. Gains of $5.1 million from the disposal of property and equipment and intangible assets include expected insurance proceeds and the associated write-off of a mobile production vehicle that was destroyed by fire. Other net gains in 2014-2015 were due to asset retirements and disposals as we continue to renew equipment and reduce our real estate footprint.
