96 Bell Canada Enterprises  2004 Annual Report Notes to Consolidated Financial Statements Business Disposition Sale of Certen Inc. (Certen) 2004 2003 BCE’S BCE’S CANADIAN 40% PROPOR- ALL OTHER PROPOR- OPERATIONS INTEREST TIONATE BUSINESS TIONATE OF IN BELL  SHARE ACQUI- SHARE OF 360NETWORKS WEST OF AMS SITIONS TOTAL COGNICASE Consideration received: Non-cash working capital  (9) – (59) 11 (57) (32) Capital assets – (15) 90 16 91  9 Other long-term assets 429 5 – 10 444 36 Goodwill  – 395 161 171 727 96 Long-term debt – – – – – (18) Other long-term liabilities (58) – (21) – (79) – Non-controlling interest – 261 – – 261 – 362 646 171 208 1,387 91 Cash and cash equivalents  (bank indebtedness) at acquisition  – – 13 (3) 10 7 Net assets acquired 362 646 184 205 1,397 98 Extraordinary gain  69 69 Consideration given: Cash 283 645 178 185 1,291 54 Acquisition costs 10 1 6 1 18 2 Future cash payment – – – 4 4 Issuance of  582,081 Aliant common shares 15 15 Issuance of 19,850,245 CGI Class A subordinate shares  (1) 42 293 646 184 205 1,328 98 (1) The value of the CGI shares that were issued as payment was calculated using the weighted average closing share price on the Toronto Stock Exchange for the 10 trading days before the day the terms of the acquisition were agreed on and announced. On July 2, 2003, Bell Canada sold its 89.9% ownership interest in Certen to a subsidiary of Amdocs Limited for $89 million in cash. The carrying value of Certen’s net assets was $159 mil- lion at the time of the sale. Certen had total assets of $450 million, including $34 million in cash and cash equivalents, and total liabilities of $291 million. At the time of the sale, Bell Canada extended the remaining term of its contract with Certen and Amdocs Limited from four years to seven years for the out- sourcing of billing operations and the development of customer care and billing solutions.  Bell Canada received a perpetual right to use and modify the intellectual property relating to the billing system. It recorded the perpetual right as an intangible asset of $494 million that will be amortized against earnings over the remaining life of the contract.  Bell Canada recorded a liability of $392 million. This represented its future payments to Certen over the remaining life of the contract for the development of Bell Canada’s billing system. This liability will be reduced as Bell Canada makes payments to Certen. The future income tax liability relating to the intan- gible asset and long-term liability was $32 million. The transaction did not result in any gain or loss for Bell Canada. Before the sale, Certen’s results of opera- tions were presented in the Other Bell Canada segment.