Shaw 2011 Annual Report Download - page 102

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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]
The changes in the carrying amount of intangibles with indefinite useful lives, and therefore not
subject to amortization, are as follows:
Broadcast rights
and licenses
Trademark
and brands Goodwill
Wireless
spectrum
licenses
$$$$
August 31, 2009 4,816,153 – 88,111 –
Business acquisition [note 2] 245,000 – 81,032 –
Reclassification from Investments and other assets – – – 190,912
August 31, 2010 5,061,153 – 169,143 190,912
Business acquisitions [note 2] 1,406,216 40,700 645,665 –
August 31, 2011 6,467,369 40,700 814,808 190,912
Other intangibles subject to amortization are as follows:
2011 2010
Cost
$
Accumulated
amortization
$
Net book
value
$
Cost
$
Accumulated
amortization
$
Net book
value
$
Software 227,443 117,697 109,746 170,759 86,535 84,224
Program rights 549,207 361,205 188,002 –– –
Material agreements 300 17 283 –– –
Software assets under
construction 78,585 – 78,585 72,245 – 72,245
855,535 478,919 376,616 243,004 86,535 156,469
Less: current portion of
program rights 120,938 –
255,678 156,469
The estimated amortization expense for the above intangible assets in each of the next five
years is as follows: 2012 – $172,000; 2013 – $105,000; 2014 – $40,000; 2015 – $22,000;
2016 – $16,000.
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