CONSOLIDATED BALANCE SHEETS 81 Commitments (note 17) See accompanying notes On behalf of the Board: Heather A. Shaw Director John M. Cassaday Director As at August 31 (thousands of Canadian dollars) 2000 1999 ASSETS Current Cash and cash equivalents 372,348 261 Accounts receivable (note 4) 72,076 31,777 Income taxes recoverable 1,428 1,140 Prepaid expenses and other 9,820 9,083 Program and film rights 30,215 9,832 Future tax asset (note 12) – 10,048 Total current assets 485,887 62,141 Investments and other assets (notes 3 and 5) 76,177 516,152 Capital assets, net (note 6) 67,401 30,530 Program and film rights 8,049 7,668 Film investments 3,494 – Deferred charges (note 7) 15,054 3,422 Broadcast licenses and goodwill (note 8) 757,733 242,624 1,413,795 862,537 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Accounts payable and accrued liabilities (note 9) 69,014 9,992 Income taxes payable 12,767 7,025 Future tax liability (note 12) 6,904 – Current portion of long-term debt (note 10) 3,000 – Total current liabilities 91,685 17,017 Long-term debt (notes 1 and 10) 294,355 300,000 Deferred credits 36,949 – Future tax liability (note 12) 162,994 73,747 Minority interest 1,134 934 Total liabilities 587,117 391,698 Net investment by Shaw (note 1) – 470,839 Shareholders’ equity Share capital (note 11) 670,694 – Retained earnings (note 1) 155,984 – Total shareholders’ equity 826,678 – 1,413,795 862,537 (SEE BASIS OF PRESENTATION – NOTE 1)