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66 COGECO CABLE INC. 2009 Consolidated financial statements
11. DEFERRED CHARGES
2009
2008
(in thousands of dollars) $
$
NEW SERVICE LAUNCH COSTS
–
518
EQUIPMENT SUBSIDIES
793
1,530
RECONNECT AND ADDITIONAL SERVICES ACTIVATION COSTS
54,628
50,952
TRANSACTION COSTS
3,122
4,751
58,543
57,751
12. GOODWILL AND OTHER INTANGIBLE ASSETS
2009
2008
(in thousands of dollars) $
$
CUSTOMER RELATIONSHIPS
32,882
101,490
CUSTOMER BASE
989,552
989,552
1,022,434
1,091,042
GOODWILL
153,695
487,805
1,176,129
1,578,847
A) INTANGIBLE ASSETS
During fiscal 2009 and 2008, intangible asset variations were as follows:
2009
2008
(in thousands of dollars)
CUSTOMER
RELATIONSHIPS
$
CUSTOMER
BASE
$
TOTAL
$
CUSTOMER
RELATIONSHIPS
$
CUSTOMER
BASE
$
TOTAL
$
BALANCE, BEGINNING OF YEAR
101,490
989,552
1,091,042
68,858
989,552
1,058,410
BUSINESS ACQUISITIONS
(NOTE 2)
–
–
–
38,203
–
38,203
AMORTIZATION
(10,321)
–
(10,321)
(10,932)
–
(10,932)
IMPAIRMENT
(NOTE 7)
(60,442)
–
(60,442)
–
–
–
FOREIGN CURRENCY TRANSLATION
ADJUSTMENT
2,155
–
2,155
5,361
–
5,361
BALANCE, END OF YEAR
32,882
989,552
1,022,434
101,490
989,552
1,091,042
At August 31, 2009 and 2008, the Corporation tested the value of customer base for impairment and concluded that no impairment
existed.