Shaw 2011 Annual Report Download - page 106

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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]
Long-term debt repayments
Mandatory principal repayments on all long-term debt in each of the next five years and
thereafter are as follows:
$
2012 613
2013 450,652
2014 950,694
2015 738
2016 300,786
Thereafter 3,616,974
5,320,457
11. DEFERRED CREDITS
2011 2010
Accumulated Net book Accumulated Net book
Amount amortization value Amount amortization value
$$$ $$$
IRU prepayments 629,119 131,797 497,322 629,119 119,251 509,868
Equipment revenue 364,106 243,671 120,435 384,580 272,875 111,705
Connection fee and
installation revenue 21,501 11,875 9,626 19,591 12,317 7,274
Deposit on future fibre sale 2,000 – 2,000 2,000 – 2,000
Other 958 – 958 1,635 – 1,635
1,017,684 387,343 630,341 1,036,925 404,443 632,482
Amortization of deferred credits for 2011 amounted to $125,722 (2010 – $138,187; 2009 –
$153,168) and was recorded in the accounts as described below.
IRU agreements are in place for periods ranging from 21 to 60 years and are being amortized to
income over the agreement periods. Amortization in respect of the IRU agreements for 2011
amounted to $12,546 (2010 – $12,546; 2009 – $12,547). Amortization of equipment
revenue for 2011 amounted to $106,628 (2010 – $120,639; 2009 – $132,974).
Amortization of connection fee and installation revenue for 2011 amounted to $6,548 (2010 –
$5,002; 2009 – $7,647) and was recorded as revenue.
12. SHARE CAPITAL
Authorized
The Company is authorized to issue a limited number of Class A voting participating shares
(“Class A Shares”) of no par value, as described below, and an unlimited number of Class B
non-voting participating shares (“Class B Non-Voting Shares”) of no par value, Class 1 preferred
shares, Class 2 preferred shares, Class A preferred shares and Class B preferred shares.
102