Cogeco 2002 Annual Report Download - page 31

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30 Cogeco Cable Inc.
6. Income taxes (continued)
As at August 31, 2002, the Corporation had accumulated income tax losses amounting to appro x i m a t i v e l y
$149,500,000, the benefits which have been recognized in these financial statements. These losses expire as follows:
2003 2004 2005 2006 2007 2008 2009
$ 2,300 $ 4,200 $ 10,300 $ 39,500 $ 9,700 $ 48,500 $ 35,000
In 2001, the Corporation adopted CICA recommendations related to income taxes. The change in accounting
policy has been applied retroactively as at September 1, 2000, and resulted in an increase in future income tax
liabilities of $71.2 million, an increase in customer base of $69.1 million and a decrease in retained earnings of
$2.1 million.
7. Fixed assets
2002 2001
Cost
Lands $ 3,813 $ 3,789
Buildings 30,788 29,704
Cable systems 913,193 805,361
Equipment, programming equipment, furniture and fixtures 38,354 36,469
Decoders, modems and customer’s premise devices 76,849 82,157
Rolling stock under capital leases 4,607 5,027
Other equipment 83,460 81,491
Leasehold improvements 4,230 4,223
1,155,294 1,048,221
Accumulated depreciation
Buildings 5,613 4,903
Cable systems 307,282 258,888
Equipment, programming equipment, furniture and fixtures 18,871 16,089
Decoders, modems and customer’s premise devices 24,110 17,158
Rolling stock under capital leases 2,584 1,991
Other equipment 37,166 27,134
Leasehold improvements 2,408 2,139
398,034 328,302
$ 757,260 $ 719,919
8. Deferred charges, net of amortization
2002 2001
New services launch costs $ 14,263 $ 18,604
Equipment subsidies and other costs 18,530 615
Financing costs 4,715 1,841
Other 1,040 1,661
$ 38,548 $ 22,721