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74 Rogers Communications Inc. 2004 Annual Report
CONSOLIDATED BALANCE SHEETS
(In thousands of dollars)
December 31, 2004 and 2003 2004 2003
Assets
Current assets:
Cash and cash equivalents $ 243,993 $ –
Accounts receivable, net of allowance for doubtful accounts of $94,035 (2003 – $75,708) 673,936 550,830
Other current assets (note 4) 260,517 178,993
1,178,446 729,823
Property, plant and equipment (note 5) 5,486,837 5,039,304
Goodwill (note 6(a)) 3,388,687 1,891,636
Intangible assets (note 6(b)) 2,855,689 400,219
Investments (note 7) 139,170 229,221
Deferred charges (note 8) 134,466 142,480
Other long-term assets (note 9) 89,443 32,812
$ 13,272,738 $ 8,465,495
Liabilities and Shareholders’ Equity
Current liabilities:
Bank advances, arising from outstanding cheques $ – $ 10,288
Accounts payable and accrued liabilities 1,428,296 1,018,196
Current portion of long-term debt (note 11) 618,236 11,498
Current portion of derivative instruments (note 12) 58,856 –
Unearned revenue 152,723 97,577
2,258,111 1,137,559
Long-term debt (note 11) 7,432,151 4,958,734
Derivative instruments (note 12) 641,545 338,147
Other long-term liabilities 64,887 70,333
10,396,694 6,504,773
Non-controlling interest – 193,342
Shareholders’ equity (note 13) 2,876,044 1,767,380
$ 13,272,738 $ 8,465,495
Commitments (note 20)
Guarantees (note 21)
Contingent liabilities (note 22)
Canadian and United States accounting policy differences (note 23)
Subsequent events (notes 3(d) and 24)
See accompanying notes to consolidated financial statements.
On behalf of the Board:
Edward S. Rogers H. Garfield Emerson
President and Chief Executive Officer Chairman of the Board of Directors