Shaw 2011 Annual Report Download - page 101

Download and view the complete annual report

Please find page 101 of the 2011 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 149

  • 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
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149

Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2011, 2010 and 2009
[all amounts in thousands of Canadian dollars except share and per share amounts]
9. INTANGIBLES
Carrying amount
2011 2010
$$
Broadcast rights and licenses
Cable systems 4,101,937 4,078,021
DTH and satellite services 983,132 983,132
Television broadcasting 1,382,300 –
6,467,369 5,061,153
Program rights 67,064 –
Goodwill
Non-regulated satellite services 88,111 88,111
Cable systems 85,332 81,032
Television broadcasting 641,365 –
814,808 169,143
Wireless spectrum licenses 190,912 190,912
Other intangibles
Software 188,331 156,469
Trademark and brands 40,700 –
Material agreements 283 –
229,314 156,469
Net book value 7,769,467 5,577,677
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 the current year and currently expire on August 31, 2015. Licenses in respect of DTH
and SRDU undertakings were extended in 2011 pursuant to an administrative renewal, and
currently expire February 29, 2012. The Company has never failed to obtain a license renewal
for any of its cable, DTH or SRDU undertakings. The Company also holds a separate license for
each specialty television service. The majority of these licenses expired on August 31, 2011
and were renewed for a five year term to August 31, 2016. In early September 2009, the
Company received its ownership compliance decision from Industry Canada and was granted its
AWS licenses which have a term of ten years.
97