Telus 2011 Annual Report Download - page 150

146 . TELUS 2011 ANNUAL REPORT
16 INTANGIBLE ASSETS AND GOODWILL
Summary schedule of items comprising intangible assets, including goodwill
and review of reported fiscal year acquisitions from which goodwill arose
(a) Intangible assets and goodwill, net
Intangible assets subject to amortization
Customer
contracts,
related
customer Intangible assets To t a l
relationships Access to Assets with indefinite lives To t a l intangible
Subscriber and lease- rights-of-way under Spectrum Acquired intangible assets and
(millions) base hold interests Software and other construction Total licences brand Total assets Goodwill(1) goodwill
(adjusted –
Note 25(d))
At cost
As at January 1, 2010 $ß245 $ß137 $ß2,408 $ß104 $ß158 $ß3,052 $ß4,867 $ß 7 $ß4,874 $ß7,926 $ß3,936 $ß11,862
Additions – – 38 8 344 390 – – – 390 – 390
Dispositions, retirements
and other – – (213) – – (213) – – – (213) – (213)
Reclassifications – – 262 – (262) – – – – – – –
As at December 31, 2010 245 137 2,495 112 240 3,229 4,867 7 4,874 8,103 3,936 12,039
Additions – – 39 4 347 390 – – – 390 – 390
Additions arising from
business acquisitions (e) – 60 1 – – 61 – – – 61 110 171
Dispositions, retirements
and other – – (256) (23) – (279) – – – (279) (21) (300)
Reclassifications – – 422 – (422) – – – – – – –
As at December 31, 2011 $ß245 $ß197 $ß2,701 $ß 93 $ß165 $ß3,401 $ß4,867 $ß 7 $ß4,874 $ß8,275 $ß4,025 $ß12,300
Accumulated amortization
As at January 1, 2010 $ß 52 $ß 27 $ß1,605 $ß 76 $ß – $ß1,760 $ – $ß – $ – $ß1,760 $ 364 $ß 2,124
Amortization 6 14 378 4 – 402 – – – 402 – 402
Dispositions, retirements
and other – – (211) – – (211) – – – (211) – (211)
As at December 31, 2010 58 41 1,772 80 – 1,951 – – – 1,951 364 2,315
Amortization(2) 6 19 431 4 – 460 – – – 460 19 479
Dispositions, retirements
and other – – (267) (22) – (289) – – – (289) (19) (308)
As at December 31, 2011 $ß 64 $ß 60 $ß1,936 $ß 62 $ß – $ß2,122 $ – $ß – $ – $ß2,122 $ 364 $ß 2,486
Net book value
As at January 1, 2010 $ß193 $ß110 $ 803 $ß 28 $ß158 $ß1,292 $ß4,867 $ß 7 $ß4,874 $ß6,166 $ß3,572 $ß 9,738
As at December 31, 2010 $ß187 $ß 96 $ 723 $ß 32 $ß240 $ß1,278 $ß4,867 $ß 7 $ß4,874 $ß6,152 $ß3,572 $ß 9,724
As at December 31, 2011 $ß181 $ß137 $ 765 $ß 31 $ß165 $ß1,279 $ß4,867 $ß 7 $ß4,874 $ß6,153 $ß3,661 $ß 9,814
(1) Accumulated amortization of goodwill is amortization recorded prior to 2002.
(2) Includes a goodwill impairment relating to an immaterial Wireline segment subsidiary classified as held for sale at, and disposed of subsequent to, December 31, 2011.
The gross carrying amount of fully amortized intangible assets
subject to amortization that were still in use as at December 31, 2011,
was $662 million (December 31, 2010 – $772 million; January 1, 2010 –
$752 million).
As at December 31, 2011, the Company’s contractual commitments
for the acquisition of intangible assets were $142 million over a period
through to 2018 (December 31, 2010 – $134 million over a period through
to 2018).