Rogers 2005 Annual Report Download - page 137

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133 ROGERS 2005 ANNUAL REPORT . NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Note 17. Segmented information:
(a ) O PE R A TI N G S EG M E NT S :
The Company provides wireless services, cable services and, through Media, radio and television broadcasting and the
publication of magazines and periodicals. All of these operating segments are substantially in Canada. With the acquisition
of Call-Net in 2005, the Company also provides wireline long distance, data and local telecommunication services
reported in the Telecom segment. Effective January 1, 2005, Blue Jays Holdco Inc. became a reporting unit of Media and
as a result, is reported as part of the Media operating segment commencing in 2005 (restated for 2004). Information by
operating segment for the years ended December 31, 2005 and 2004 are as follows:
Corporate
items and Consolidated
2005 Wireless Cable Media Telecom eliminations Total
Operating revenue $ 4,006,658 $ 2,067,733 $ 1,097,176 $ 423,890 $ (113,303) $ 7,482,154
Cost of sales 773,215 157,466 157,710 207,757 – 1,296,148
Sales and marketing expenses 603,823 262,764 199,442 56,319 – 1,122,348
Operating, general and
administrative expenses 1,238,964 928,900 612,178 109,272 (35,701) 2,853,613
Integration expenses 53,607 – – 4,602 8,267 66,476
Management fees 12,025 41,355 15,322 – (68,702) –
Depreciation and amortization 615,710 483,946 52,019 70,653 255,683 1,478,011
Operating income (loss) 709,314 193,302 60,505 (24,713) (272,850) 665,558
Interest on long-term debt (405,344) (244,859) (8,813) (6,702) (44,361) (710,079)
Intercompany:
Interest expense 37,050 (18,796) (4,337) (5,760) (8,157) –
Loss on repayment of
long-term debt – (9,799) – (17,460) 16,017 (11,242)
Change in fair value of
derivative instruments (27,324) 2,151 – – 5 (25,168)
Foreign exchange gain (loss) 25,697 2,373 1,326 10,418 (4,337) 35,477
Investment and other
income (expense) (5,669) 4,043 2,120 (1,691) 4,148 2,951
Income tax reduction (expense) 84,358 (4,837) 14,298 64 (96,038) (2,155)
Net income (loss)
for the year $ 418,082 $ (76,422) $ 65,099 $ (45,844) $ (405,573) $ (44,658)
Additions to PP&E $ 584,922 $ 676,243 $ 39,635 $ 37,352 $ 15,644 $ 1,353,796
Goodwill acquired/
adjustments (note 6(a)) $ (527,044) $ – $ (14,286) $ 190,977 $ (2,547) $ (352,900)
Goodwill $ 1,212,422 $ 926,445 $ 705,943 $ 190,977 $ – $ 3,035,787
Identifiable assets $ 8,792,781 $ 4,065,782 $ 1,320,774 $ 561,716 $ (906,764) $ 13,834,289