Cogeco 2011 Annual Report Download - page 73

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72 COGECO CABLE INC. 2011 Consolidated financial statements
15. Statements of cash flows
A) Changes in non-cash operating items
2011 2010
(in thousands of dollars) $ $
A
ccounts receivable (2,714) (8,527)
Income taxes receivable 6,525 (40,438)
Prepaid expenses and other 1,992 (154)
A
ccounts payable and accrued liabilities 12,084 863
Income tax liabilities 58,782 (40,350)
Deferred and prepaid revenue and other liabilities (1,696) 11,076
74,973 (77,530)
B) Fixed assets
During the year, fixed asset acquisitions amounted to $325,720,000 ($309,049,000 in 2010) none of which were acquired through capital
leases ($141,000 in 2010). Disbursements for the acquisition of fixed assets totalled $325,720,000 ($308,908,000 in 2010).
C) Cash and cash equivalents
Cash and cash equivalents consist of:
2011 2010
(in thousands of dollars) $ $
Cash 51,226 35,842
Cash equivalents(1) 4,221 –
55,447 35,842
(1) At August 31, 2011, term deposit of €3 million, bearing interest at 0.65%, maturing on September 19, 2011.
D) Other information
2011 2010
(in thousands of dollars) $ $
Financial expense paid 72,238 62,859
Income taxes paid (received) (2,507) 41,019