Shaw 2013 Annual Report Download - page 94

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S
haw
C
ommunications Inc
.
N
O
TE
S
T
OCO
N
SO
LIDATED FINAN
C
IAL
S
TATEMENT
S
August 31, 2013 and 201
2
[all amounts in millions of Canadian dollars exce
p
t share and
p
er share amounts
]
The changes in the carrying amount of intangibles subject to amortization are as follows:
P
rogram right
s
a
n
dad
v
a
n
ces Soft
w
a
r
e
Software under
co
n
st
r
uctio
n
C
ustomer
r
elat
i
onsh
ip
s Tota
l
$$$ $$
S
eptember 1, 2011 231 109 79 – 419
Bus
i
ness ac
q
u
i
s
i
t
i
o
n
[
note
3]
1
–– –
1
A
dditions 427 52 16 – 49
5
T
rans
f
ers –
19 (19)
–
–
A
mortization (385) (60) – – (445
)
D
i
s
p
osals –
(1)
––
(1)
A
u
g
ust
31
,
2012 2
74
119
7
6
–4
69
Business acquisitio
n
[
note 3
]
–
– – 87 87
Additio
n
s
4
32 3
7
3
4–
503
T
ransfers – 2
(
2
)
–
–
A
mort
i
zat
i
on
(
4
01) (
4
9)
–
(2) (
45
2)
D
i
s
p
osals –
(1)
––
(1)
T
ransfer to assets held for sale (5) – – – (5)
A
u
g
ust
31
,
2013 300 108 108 8
5
601
Im
p
airment testin
g
o
f
inde
f
inite-li
f
e intan
g
ibles and
g
oodwil
l
The
C
ompany conducted
i
ts annual
i
mpa
i
rment test on goodw
i
ll and
i
nde
fi
n
i
te-l
if
e
i
ntang
i
bles
as at March 1, 2013 and the recoverable amount of each of the cash generating units exceede
d
t
he
i
r carr
yi
n
g
value b
y
as
ig
n
ifi
cant amount.
I
nAu
g
ust
2011
the
C
om
p
an
y
d
i
scont
i
nued construct
i
on o
f
a trad
i
t
i
onal w
i
reless network an
d
d
uring the current year, granted an option to Rogers to acquire the AWS licenses for
$
350 (se
e
n
ote 3). As the price exceeds the carrying value of the AWS licenses and considering recen
t
s
p
ectrum transact
i
ons
i
n North Amer
i
ca, the carr
yi
n
g
value o
f
the l
i
censes cont
i
nues to be
appropriate
.
A hypothetical decline of 10% and 20% in the recoverable amount of the broadcast rights an
d
licenses for each cash generating unit as at March 1, 2013 would not result in any impairmen
t
loss. Further, an
y
chan
g
es
i
n econom
i
c cond
i
t
i
ons s
i
nce the
i
m
p
a
i
rment test
i
n
g
conducted as at
M
arch 1, 2013 do not represent events or changes in circumstance that would be indicative o
f
impairment at August 31, 2013
.
90