Shaw 2010 Annual Report Download - page 89

Download and view the complete annual report

Please find page 89 of the 2010 Shaw 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 126

  • 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
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126

8. INTANGIBLES
2010
$
2009
$
Carrying amount
Broadcast rights
Cable systems 4,078,021 3,833,021
DTH and satellite services 983,132 983,132
5,061,153 4,816,153
Goodwill
Non-regulated satellite services 88,111 88,111
Cable system 81,032 –
169,143 88,111
Wireless spectrum licenses 190,912 –
Other intangibles 156,469 105,180
Net book value 5,577,677 5,009,444
The Company holds separate CRTC licenses, or operates pursuant to exemption orders, for each of
its cable, DTH and SRDU undertakings, upon which the provision of each service is dependent.
Licenses must be renewed from time to time and have generally been issued for terms of up to seven
years. The majority of the licensed cable undertakings were renewed by the CRTC in August 2008
for a two-year period expiring August 31, 2010, which were subsequently extended to
November 30, 2010. Licenses in respect of DTH and SRDU undertakings were extended in
2010 for one year pursuant to an administrative renewal, and currently expire August 31,
2011. The Company has never failed to obtain a license renewal for any of its cable, DTH or
SRDU undertakings. In early September 2009, the Company received its ownership compliance
decision from Industry Canada and was granted its AWS licenses. The license terms are for ten
years, after which, the Company will be required to apply for renewal.
The changes in the carrying amount of intangibles with indefinite useful lives, and therefore not
subject to amortization, are as follows:
Broadcast rights
$
Goodwill
$
Wireless
spectrum
licenses
$
August 31, 2008 4,776,078 88,111 –
Business acquisition [note 2] 40,075 – –
August 31, 2009 4,816,153 88,111 –
Business acquisition [note 2] 245,000 81,032 –
Reclassification from Investments and other assets [note 5] – – 190,912
August 31, 2010 5,061,153 169,143 190,912
85
Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2010, 2009 and 2008
[all amounts in thousands of Canadian dollars except share and per share amounts]