Cogeco 2012 Annual Report Download - page 62

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Consolidated financial statements COGECO CABLE INC. 2012 61
The movements in deferred tax asset and liability balances during 2012 and 2011 fiscal years were as follows:
2012
Balance
beginning o
f
the yea
r
Recognized
in profit o
r
loss
Recognized in
othe
r
comprehensive
income
A
cquired in
business
combinations
Other
Balance end
of the yea
r
(In thousands of Canadian dollars) $$ $ $ $ $
Property, plant and equipment (87,555) 95 9 (87,451)
Intangible assets (142,822) (4,356) (250) (147,428)
Deferred and prepaid revenue 5,646 (2,668) (269) 2,709
Share issuance costs 
Partnerships income (86,801) 15,680 
(71,121)
Non-capital losses and other tax credit
carryforwards, net of valuation allowance 3,987 1,879 (39) 5,827
Other 3,072 (4,070) 695 (88) (391)
(304,473) 6,560 695 (549) (88) (297,855)
2011
Balance
beginning o
f
the yea
r
Recognized
in profit o
r
loss
Recognized in
othe
r
comprehensive
income
Acquired in
business
combinations
Other
Balance end o
f
the yea
r
(In thousands of Canadian dollars) $$ $ $ $
$
Property, plant and equipment (85,929) (2,198) (197) 769 (87,555)
Intangible assets (134,278) 150 (8,694) (142,822)
Deferred and prepaid revenue 5,659 3,657 (3,670) 5,646
Share issuance costs 858 (858)
Partnerships income (78,258) (8,543) (86,801)
Non-capital losses and other tax credit
carryforwards, net of valuation allowance 2,833 266 888 3,987
Other 2,248 (731) 1,555 3,072
(286,867) (8,257) 1,555 (11,673) 769 (304,473)
At August 31, 2012, the Corporation and its Canadian subsidiaries had accumulated federal income tax losses amounting to
approximately $20.8 million, the benefits of which have been recognized in these financial statements. These losses expire as follows:
2029 2030 2031 2032
(In thousands of Canadian dollars) $$$$
218 2,799 7,803 10,024