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104 ROGERS COMMUNICATIONS INC. 2009 ANNUAL REPORT
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
13. OTHER LONG-TERM ASSETS:
2009 2008
Restated –
(note 2(p)(i))
Deferred pension asset (note 17) $ 134 $ 62
Acquired program rights 39 48
Indefeasible right of use agreements 29 31
Long-term receivables 23 25
Deferred installation costs 16 16
Deferred compensation 12 25
Cash surrender value of life insurance 11 10
CRTC commitments 624
Other 10 12
$ 280 $ 253
Amortization of certain long-term assets for 2009 amounted to
$6 million (2008 – $24 million). Accumulated amortization as at
December 31, 2009, amounted to $6 million (2008 – $76 million).
During 2009, the Company recorded an impairment charge of
$13 million related to CRTC commitments as the carrying value
of the OMNI asset group was determined to be in excess of fair
value during impairment testing (note 11(a)(ii)). During 2008, the
Company recorded an impairment charge of $51 million related to
CRTC commitments as the carrying value of the Citytv asset group
was determined to be in excess of fair value during impairment
testing (note 11(a)(ii)).
During 2008, the CRTC commitments increased by $24 million, due
to the CRTC grant of two new television licences ($10 million over
seven years) and one new radio station ($1 million over six years),
and the acquisition of channel m ($8 million over seven years),
Outdoor Life Network ($4 million over seven years), and CIKZ-FM
Kitchener ($1 million over seven years). The liability for CRTC
committed expenditures is recorded upon granting of the licence
with a corresponding asset. The liability is reduced as the qualifying
expenditures are made. The amount of these liabilities, included
in accounts payable and accrued liabilities and other long-term
liabilities, is $62 million at December 31, 2009 (2008 – $83 million).