Cogeco 2005 Annual Report Download - page 34

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CONSOLIDATED BALANCE SHEETS
As at August 31, 2005 2004
(in thousands of dollars) $$
Assets
Current
Cash and cash equivalents 61 —
Accounts receivable 26,485 31,039
Prepaid expenses 3,946 4,535
30,492 35,574
Fixed assets (note 4) 697,526 687,960
Deferred charges (note 5) 38,226 48,293
Customer base (note 6) 989,552 989,552
1,755,796 1,761,379
Liabilities and Shareholders’ equity
Liabilities
Current
Bank indebtedness (note 7) — 5,410
Accounts payable and accrued liabilities 125,090 109,402
Income tax liabilities 678 844
Deferred and prepaid income 24,907 22,778
Current portion of long-term debt (note 8) 1,322 2,455
151,997 140,889
Long-term debt (note 8) 691,159 750,268
Deferred and prepaid income 10,522 9,659
Pension plans liabilities and accrued employees benefits 1,903 1,506
Future income tax liabilities (note 3) 210,731 195,523
1,066,312 1,097,845
Commitments and contingencies (note 14)
Shareholders’ equity
Capital stock (note 9) 630,220 629,416
Retained earnings 58,604 33,880
Contributed surplus – stock-based compensation (note 1 c)vi)) 660 238
689,484 663,534
1,755,796 1,761,379
On behalf of the Board of Directors,
Jan Peeters Harry A. King
Director Director
32
Cogeco Cable Inc. 2005
Consolidated Financial Statements