Rogers 2006 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2006 Rogers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

86 R OG E RS COM MUN I C ATIO NS I NC. 2 0 0 6 AN NUAL R EPO R T
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
In addition, Cable and Telecom consists of the following reportable segments. Information by reportable segment for the years ended
December 31, 2006 and 2005 is as follows:
2006 2005
Total Total
Cable Rogers Rogers Corporate Cable Cable Rogers Rogers Corporate Cable
and Home Business Rogers items and and and Home Business Rogers items and and
Internet Phone Solutions Retail eliminations Telecom Internet Phone Solutions Retail eliminations Telecom
Operating
revenue $ 1,944 $ 355 $ 596 $ 310 $ (4) $ 3,201 $ 1,735 $ 150 $ 284 $ 327 $ (4) $ 2,492
Cost of sales – – – 153 – 153 – – – 158 – 158
Sales and
marketing
expenses 123 96 70 123 – 412 123 27 38 132 – 320
Operating,
general and
administrative
expenses 988 249 477 21 (4) 1,731 889 114 226 19 (4) 1,244
Integration and
store closure
expenses – – – 6 9 15 – – – – 5 5
$ 833 $ 10 $ 49 $ 7 $ (9) $ 890 $ 723 $ 9 $ 20 $ 18 $ (5) $ 765
Additions to
PP&E $ 492 $ 193 $ 98 $ 11 $ – $ 794 $ 515 $ 121 $ 63 $ 15 $ – $ 714
Beginning in 2007, the Cable and Internet and Rogers Home Phone
segments will be combined to align with changes in management
and internal reporting implemented in 2007.
In late December 2006 and January 2007, the Company’s real estate
properties and related leases were transferred to RCI from its subsid-
iaries. This transfer of real estate is not anticipated to have a material
impact on the future results of these operating segments.
Effective January 2007, the Rogers Retail segment of the Company
acquired the assets of approximately 170 Wireless retail locations
with a carrying value of approximately $20 million, for cash consid-
eration of $73 million, which represented fair value. The combined
operations continue to be in the Rogers Retail segment of the
Company.