Cogeco 2004 Annual Report Download - page 30

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CONSOLIDATED FINANCIAL STATEMENTS
28 Cogeco Cable Inc. 2004
CONSOLIDATED BALANCE SHEETS
As at August 31, 2004 2003
(in thousands of dollars) (restated)
$$
Assets
Current
Accounts receivable 31,039 33,800
Prepaid expenses 4,535 2,933
35,574 36,733
Fixed assets (note 4) 687,960 723,273
Deferred charges (note 5) 48,293 53,186
Customer base (note 6) 989,552 989,552
1,761,379 1,802,744
Liabilities and Shareholders’ equity
Liabilities
Current
Bank indebtedness (note 7) 5,410 1,894
Accounts payable and accrued liabilities 109,402 109,576
Income tax liabilities 844 732
Deferred and prepaid income 22,778 21,301
Current portion of long-term debt (note 8) 2,455 2,065
140,889 135,568
Long-term debt (note 8) 750,268 802,470
Deferred and prepaid income 9,659 7,931
Pension plan liabilities and accrued employee benefits 1,506 1,306
Future income tax liabilities (note 3) 195,523 160,380
1,097,845 1,107,655
Commitments and contingencies (note 14)
Shareholders’ equity
Capital stock (note 9) 629,416 629,015
Retained earnings 33,880 66,074
Contributed surplus – stock-based compensation (note 1c)iii)) 238 —
663,534 695,089
1,761,379 1,802,744
On behalf of the Board of Directors,
Maurice Myrand Pierre Robitaille
Director Director