Cogeco 2011 Annual Report Download - page 54

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Consolidated financial statements COGECO CABLE INC. 2011 53
Consolidated balance sheet
A
t August 31, 2011 2010
(In thousands of dollars) $ $
Assets
Current
Cash and cash equivalents (note 15 C)) 55,447 35,842
Accounts receivable (note 17) 74,754 67,064
Income taxes receivable 38,360 44,800
Prepaid expenses and other 12,856 13,669
Future income tax assets (note 7) 4,168 6,133
185,585 167,508
Fixed assets (note 9) 1,254,576 1,325,077
Deferred charges (note 10) 26,101 26,974
Intangible assets (note 11) 1,047,189 1,017,658
Goodwill (note 11) 210,986 144,695
Derivative financial instruments –5,085
Future income tax assets (note 7) 11,063 15,822
2,735,500 2,702,819
Liabilities and shareholders’ equity
Liabilities
Current
Accounts payable and accrued liabilities 255,014 235,087
Income tax liabilities 59,356 558
Deferred and prepaid revenue 43,128 45,602
Derivative financial instrument –1,189
Current portion of long-term debt (note 12) 2,094 2,296
Future income tax liabilities (note 7) 85,201 78,267
444,793 362,999
Long-term debt (note 12) 946,783 952,687
Balance due on a business acquisition (note 2) 11,400 –
Derivative financial instruments 14,408 –
Deferred and prepaid revenue and other liabilities 14,576 12,234
Pension plans liabilities and accrued employee benefits (note 16) 4,302 3,624
Future income tax liabilities (note 7) 238,193 234,974
1,674,455 1,566,518
Commitments, contingencies and guarantees (note 18)
Shareholders’ equity
Capital stock (note 13) 992,922 988,830
Contributed surplus 6,471 6,087
Retained earnings 40,876 123,025
A
ccumulated other comprehensive income (note 14) 20,776 18,359
1,061,045 1,136,301
2,735,500 2,702,819
On behalf of the Board of Directors,
Jan Peeters
Director
L. G. Serge Gadbois
Director