Shaw 2009 Annual Report Download - page 73

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2. BUSINESS ACQUISITIONS
Cash
purchase
price
$
2009
(i) Cable systems 46,300
Cash
$
Issuance of Class B
Non-Voting Shares
$
Total
purchase
price
$
2007
(ii) Cable systems 72,336 3,000 75,336
A summary of net assets acquired on cable business acquisitions, accounted for as purchases, is as
follows:
2009
$
2007
$
Identifiable net assets acquired at assigned fair values
Property, plant and equipment 6,825 8,232
Broadcast rights [note 8] 40,075 84,594
46,900 92,826
Working capital deficiency 600 2,973
Future income taxes –14,517
600 17,490
Purchase price 46,300 75,336
(i) During 2009, the Company purchased the assets comprising the Campbell River cable system in British
Columbia which serves approximately 12,000 basic subscribers. The acquisition was effective
February 1, 2009 and results of operations have been included from that date.
(ii) During 2007, the Company purchased four cable systems serving approximately 20,200 basic
subscribers in British Columbia and Ontario. The $3,000 value of the 179,588 Class B Non-Voting
Shares, issued as partial consideration for one of the acquisitions, was determined based upon the
average market price over a short period prior to the date the terms of the purchase were agreed to and
announced.
69
Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2009, 2008 and 2007
[all amounts in thousands of Canadian dollars except share and per share amounts]