Shaw 2011 Annual Report Download - page 99

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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]
6. INVESTMENTS AND OTHER ASSETS
2011 2010
$$
Investment, at cost net of write-down:
Investment in a private technology company 200 200
Investments, at equity:
CW Media [note 2] –739,125
Specialty channel networks 10,037 –
Other assets:
Loan [note 20] –3,600
Loan to equity investee 2,264 –
Other 813 348
13,314 743,273
Investments at equity
The Company exercised significant influence over CW Media with its 49.9% ownership and
recorded an equity loss of $11,250 and equity income of $13,430 for the periods of May 3 to
August 31, 2010 and September 1 to October 26, 2010, respectively. On October 22, 2010,
the CRTC approved the transaction and the Company closed the purchase on October 27, 2010
(see note 2).
As part of the acquisition, the Company acquired non-controlling interests in several specialty
channels and recorded equity income of $770 for the period October 27, 2010 to August 31,
2011.
Other assets
The loan to an equity investee bears interest at prime plus 2.5% and is repayable on demand.
95