Cogeco 2006 Annual Report Download - page 51

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Notes to Consolidated Financial Statements COGECO CABLE INC. 2006 49
5. SEGMENTED INFORMATION
The Corporation’s activities are comprised of all cable, high-speed Internet access and telephony services. The Corporation
considers its cable distribution, high-speed Internet access and telephony activities as a single operating segment. The
Corporation’s activities are carried out in Canada and in Portugal.
The Portugal segment includes operating results since the date of the acquisition of control on August 1, 2006.
The principal fi nancial information per business segment is presented in the table below:
CANADA PORTUGAL CONSOLIDATED
(amounts are in thousands of dollars) 2006 2005 2006 2005 2006 2005
$ $ $ $ $ $
REVENUE 603,135 554,404 16,866 — 620,001 554,404
OPERATING COSTS 346,736 318,704 11,895 — 358,631 318,704
MANAGEMENT FEES 8,392 8,179 — — 8,392 8,179
OPERATING INCOME BEFORE AMORTIZATION 248,007 227,521 4,971 — 252,978 227,521
AMORTIZATION 116,354 125,088 4,428 — 120,782 125,088
OPERATING INCOME 131,653 102,433 543 — 132,196 102,433
FINANCIAL EXPENSE 57,095 55,692 271 — 57,366 55,692
INCOME TAXES 8,960 18,020 314 — 9,274 18,020
NET INCOME (LOSS) 65,598 28,721 (42) — 65,556 28,721
NET ASSETS EMPLOYED(1)(2) 1,649,631 1,595,216 561,192 — 2,210,823 1,595,216
TOTAL ASSETS(2) 1,842,312 1,755,796 760,291 — 2,602,603 1,755,796
FIXED ASSETS(2) 741,024 697,526 280,514 — 1,021,538 697,526
PRELIMINARY GOODWILL(2) — — 422,108 — 422,108 —)
ACQUISITION OF FIXED ASSETS 139,634 112,289 4,205 — 143,839 112,289
( 1 ) TOTAL ASSETS LESS CASH AND CASH EQUIVALENTS, ACCOUNTS PAYABLE AND ACCRUED LIABILITIES AND DEFERRED AND PREPAID INCOME.
(2) AS AT AUGUST 31, 2006 AND 2005.