Cogeco 2014 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2014 Cogeco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 105

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

80 COGECO CABLE INC. 2014 Consolidated financial statements
14. INTANGIBLE ASSETS AND GOODWILL
A) INTANGIBLE ASSETS
During fiscal 2014 and 2013, intangible assets variations were as follows:
Finite useful life Indefinite useful life
Years ended August 31, 2014 and 2013 Customer
relationships (1) Other (2)
Cable
Distribution
Licenses Trade name Total
(In thousands of Canadian dollars) $ $ $ $ $
(restated, Note 6) (restated, Note 6) (restated, Note 6)
Cost
Balance at September 1, 2012 72,508 45,989 967,000 — 1,085,497
Acquisition through business combinations 262,495 867 566,353 25,934 855,649
Other additions — 19,721 — — 19,721
Fully amortized — (10,966) — — (10,966)
Foreign currency translation adjustments 12,818 128 33,857 — 46,803
Balance at August 31, 2013 347,821 55,739 1,567,210 25,934 1,996,704
Other additions — 15,378 — — 15,378
Fully amortized — (11,195) — — (11,195)
Foreign currency translation adjustments 8,706 172 19,550 — 28,428
Balance at August 31, 2014 356,527 60,094 1,586,760 25,934 2,029,315
Accumulated amortization and impairment losses
Balance at September 1, 2012 23,936 21,579 — — 45,515
Amortization expense 38,487 13,055 — — 51,542
Fully amortized — (10,966) — — (10,966)
Foreign currency translation adjustments 520 4 — — 524
Balance at August 31, 2013 62,943 23,672 — — 86,615
Amortization expense 42,401 15,416 — — 57,817
Fully amortized — (11,195) — — (11,195)
Foreign currency translation adjustments 1,213 19 — — 1,232
Balance at August 31, 2014 106,557 27,912 — — 134,469
Carrying amounts
At August 31, 2013 284,878 32,067 1,567,210 25,934 1,910,089
At August 31, 2014 249,970 32,182 1,586,760 25,934 1,894,846
(1) Customer relationships include long-term contractual agreements with customers.
(2) Includes reconnect and additional service activation costs, direct and incremental costs associated with the acquisition of Enterprise data service customers
and favorable leases.