Shaw 2010 Annual Report Download - page 90

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Other intangibles is comprised of computer software and is subject to amortization.
Cost
$
Accumulated
amortization
$
Net book
value
$
Cost
$
Accumulated
amortization
$
Net book
value
$
2010 2009
Computer software 170,759 86,535 84,224 170,411 80,484 89,927
Assets under construction 72,245 – 72,245 15,253 – 15,253
243,004 86,535 156,469 185,664 80,484 105,180
The estimated amortization expense for the above intangible assets in each of the next five years is as
follows: 2011 – $38,669; 2012 – $40,770; 2013 – $31,294; 2014 – $20,039; 2015 – $15,268.
9. LONG-TERM DEBT
Effective
interest rates
%
Long-term
debt at
amortized
cost
(1)
$
Adjustment for
finance costs
(1)
$
Long-term
debt
repayable
at maturity
$
Translated
at year end
exchange
rate
(1)
$
Adjustment
for hedged
debt and
finance costs
(1)(2)
$
Long-term
debt
repayable
at maturity
$
2010 2009
Corporate
Senior notes –
Cdn 6.50% due June 2, 2014 6.56 594,941 5,059 600,000 593,824 6,176 600,000
Cdn 5.70% due March 2,
2017 5.72 396,124 3,876 400,000 395,646 4,354 400,000
Cdn 6.10% due November 16,
2012 6.11 447,749 2,251 450,000 446,836 3,164 450,000
Cdn 6.15% due May 9, 2016 6.34 292,978 7,022 300,000 291,987 8,013 300,000
Cdn 5.65% due October 1,
2019 5.69 1,240,673 9,327 1,250,000 –– –
Cdn 6.75% due November 9,
2039 6.80 641,684 8,316 650,000 –– –
Cdn 7.50% due November 20,
2013 7.50 347,129 2,871 350,000 346,380 3,620 350,000
US $440,000 8.25% due
April 11, 2010
(2)
7.88 –– –481,198 161,422 642,620
US $225,000 7.25% due
April 6, 2011
(2)
7.68 –– –245,632 110,206 355,838
US $300,000 7.20% due
December 15, 2011
(2)
7.61 –– –327,512 149,338 476,850
3,961,278 38,722 4,000,000 3,129,015 446,293 3,575,308
Other subsidiaries and entities
Burrard Landing Lot 2 Holdings
Partnership 6.31 20,950 83 21,033 21,473 101 21,574
Total consolidated debt 3,982,228 38,805 4,021,033 3,150,488 446,394 3,596,882
Less current portion 557 19 576 481,739 161,422 643,161
3,981,671 38,786 4,020,457 2,668,749 284,972 2,953,721
(1) Long-term debt is presented net of unamortized discounts, finance costs and bond forward proceeds of $38,805
(August 31, 2009 – $27,761). Amortization for 2010 amounted to $5,312 (2009 – $4,466; 2008 – $3,822)
86
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]