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Discontinued operations | 12 Months Ended
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Dec. 31, 2020
Disclosure of analysis of single amount of discontinued operations [abstract] |
Discontinued operations |
Note 3 | Discontinued operations
On June 1, 2020, BCE announced that it had entered into an agreement to sell substantially all of its data centre operations in an all-cash transaction valued at $1.04 billion. We have reclassified amounts related to the sale for the previous year to discontinued operations in our consolidated income statements and consolidated statements of cash flows to make them consistent with the presentation for the current year. Property, plant and equipment and intangible assets that were sold were no longer depreciated or amortized effective June 1, 2020. In Q4 2020, we completed the sale for proceeds of $933 million (net of debt and other items) and recorded a gain on sale, net of taxes, of $211 million. The capital gain as a result of the sale is mainly offset by the recognition of previously unrecognized capital loss carry forwards. The following table summarizes the carrying value of the assets and liabilities sold:
| 2020
Contract assets | 1 |
Contract costs | 2 |
Property, plant and equipment | 484 |
Intangible assets | 227 |
Goodwill | 115 |
Total assets sold | 829 |
Long-term debt | 113 |
Deferred tax liability | 37 |
Other non-current liabilities | 9 |
Total liabilities sold | 159 |
Net assets sold | 670 |
The following tables summarize the income statements and statements of cash flows of our discontinued operations up to the point of sale.
FOR THE YEAR ENDED DECEMBER 31 | 2020 | 2019
Operating revenues | 118 |  | 171 |
Operating costs | (57) |  | (71) |
Depreciation | (18) |  | (38) |
Amortization | (7) |  | (16) |
Interest expense | (6) |  | (7) |
Other expense | (8) |  | (6) |
Income taxes | (7) |  | (4) |
Net earnings attributable to common shareholders before gain on sale | 15 |  | 29 |
Gain on sale (net of taxes of $3 million) | 211 |  | — |
Net earnings attributable to common shareholders | 226 |  | 29 |
FOR THE YEAR ENDED DECEMBER 31 | 2020 | 2019
Cash flows from operating activities | 54 |  | 94 |
Cash flows from (used in) investing activities | 892 |  | (18) |
Cash flows used in financing activities | (7) |  | (6) |
Net increase in cash | 939 |  | 70 |

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- Definition The disclosure of discontinued operations. [Refer: Discontinued operations [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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