Cogeco 2008 Annual Report Download - page 54

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Notes to the Consolidated Financial Statements COGECO CABLE INC. 2008 53
3. SEGMENTED INFORMATION
The Corporation’s activities are comprised of Cable Television, HSI and Telephony services. The Corporation considers its Cable
Television, HSI and Telephony activities as a single operating segment. The Corporation’s activities are carried out in Canada and
in Europe.
The principal financial information per business segment is presented in the table below:
CANADA EUROPE CONSOLIDATED
2008 2007 2008 2007 2008 2007
(in thousands of dollars) $ $ $ $ $ $
REVENUE 833,097 714,070 243,690 224,810 1,076,787 938,880
OPERATING COSTS 467,454 412,602 155,195 146,957 622,649 559,559
MANAGEMENT FEES – COGECO INC. 8,714 8,568 –– 8,714 8,568
OPERATING INCOME BEFORE
AMORTIZATION 356,929 292,900 88,495 77,853 445,424 370,753
A
MORTIZATION 151,369 131,383 76,930 57,940 228,299 189,323
OPERATING INCOME 205,560 161,517 11,565 19,913 217,125 181,430
FINANCIAL EXPENSE (REVENUE) 69,268 82,714 (157
)
1,855 69,111 84,569
INCOME TAXES 19,998 12,050 (5,266
)
120 14,732 12,170
NET INCOME 116,294 66,753 16,988 17,938 133,282 84,691
TOTAL ASSETS 2,214,840 1,955,218 804,315 759,121 3,019,155 2,714,339
FIXED ASSETS 940,683 811,982 317,282 307,516 1,257,965 1,119,498
INTANGIBLE ASSETS 1,027,268 989,552 63,774 68,858 1,091,042 1,058,410
GOODWILL 116,890 –370,915 342,584 487,805 342,584
ACQUISITION OF FIXED ASSETS(1) 182,719 182,374 51,197 41,592 233,916 223,966
(1) INCLUDES CAPITAL LEASES THAT ARE EXCLUDED FROM THE CONSOLIDATED STATEMENTS OF CASH FLOWS.
4. AMORTIZATION
2008 2007
(in thousands of dollars) $ $
FIXED ASSETS 195,587 166,298
DEFERRED CHARGES 21,780 20,464
INTANGIBLE ASSETS 10,932 2,561
228,299 189,323
5. FINANCIAL EXPENSE
2008 2007
(in thousands of dollars) $$
INTEREST ON LONG-TERM DEBT 68,304 80,066
AMORTIZATION OF DEFERRED TRANSACTION COSTS 1,629 2,226
OTHER (822) 2,277
69,111 84,569