Cogeco 2004 Annual Report Download - page 7

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Cogeco Cable Inc. 2004 5
The following analysis discusses our operations, financial condition
and outlook. This analysis should be read in conjunction with the
Corporation’s consolidated financial statements and the notes
thereto prepared in accordance with Canadian Generally Accepted
Accounting Principles (GAAP), which start on page 26. Throughout
this discussion, all amounts are in Canadian dollars unless other-
wise indicated. The Management’s Discussion and Analysis (MD&A)
is presented in the following sections:
OVERVIEW OF OUR BUSINESS 6
–Corporate Strategy and Objectives
–Cable Networks
–Key Performance Indicators
–Critical Accounting Policies and Estimates
–Related Party Transactions
–Adoption of New Accounting Standards
–Uncertainties and Main Risk Factors
PERFORMANCE HIGHLIGHTS 15
OPERATING AND FINANCIAL RESULTS 16
CASH FLOW ANALYSIS 18
FINANCIAL POSITION 20
CAPITAL RESOURCES AND LIQUIDITY 20
THREE-YEAR ANNUAL AND
QUARTERLY FINANCIAL HIGHLIGHTS 22
FISCAL 2005 FINANCIAL GUIDELINES 24
ADDITIONAL INFORMATION 24
FORWARD-LOOKING STATEMENTS
Certain statements in this annual report may constitute forward-
looking statements that involve risks and uncertainties. Future
results will be affected by a number of factors pertaining to
technology, markets, competition and regulation, including
those described in the “Uncertainties and Main Risk Factors”
section of this MD&A, on page 12. Therefore, actual results may be
materially different from those expressed or implied by such forward-
looking statements.
MANAGEMENT’S DISCUSSION AND ANALYSIS