Cogeco 2006 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2006 Cogeco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

40 COGECO CABLE INC. 2006 Consolidated Financial Statements
CONSOLIDATED BALANCE SHEETS
AS AT AUGUST 31, 2006 2005
(in thousands of dollars) $ $
ASSETS
CURRENT
CASH AND CASH EQUIVALENTS 71,516 61
RESTRICTED CASH 569 —)
ACCOUNTS RECEIVABLE 43,728 26,485
PREPAID EXPENSES 6,265 3,946
122,078 30,492
FIXED ASSETS (NOTE 6) 1,021,538 697,526
DEFERRED CHARGES (NOTE 7) 47,327 38,226
CUSTOMER BASE (NOTE 8) 989,552 989,552
PRELIMINARY GOODWILL (NOTE 8) 422,108 —
)
2,602,603 1,755,796
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES
CURRENT
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 283,087 125,090
INCOME TAX LIABILITIES 444 678
DEFERRED AND PREPAID INCOME 26,652 24,907
CURRENT PORTION OF LONG-TERM DEBT (NOTE 10) 126,851 1,322
437,034 151,997
LONG-TERM DEBT (NOTE 10) 1,190,126 691,159
DEFERRED AND PREPAID INCOME 10,525 10,522
PENSION PLANS LIABILITIES AND ACCRUED EMPLOYEES BENEFITS 2,091 1,903
FUTURE INCOME TAX LIABILITIES (NOTE 4) 217,636 210,731
1,857,412 1,066,312
COMMITMENTS AND CONTINGENCIES (NOTE 17)
SHAREHOLDERS’ EQUITY
CAPITAL STOCK (NOTE 11) 630,458 630,220
CONTRIBUTED SURPLUS – STOCK-BASED COMPENSATION 1,425 660
RETAINED EARNINGS 117,760 58,604
FOREIGN CURRENCY TRANSLATION ADJUSTMENT (NOTE 12) (4,452) —)
745,191 689,484
2,602,603 1,755,796
ON BEHALF OF THE BOARD OF DIRECTORS,
JAN PEETERS
DIRECTOR
HARRY A. KING
DIRECTOR