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S-4
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4 on 01/25/2000
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<PAGE>   608
                    AMRAC CLEAR VIEW, A LIMITED PARTNERSHIP
 
                  NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
 
currently accounted for as direct entries to equity, such as the net unrealized
gain or loss on securities available for sale. SFAS No. 130 is effective for
both interim and annual periods beginning after December 15, 1997. Management
does not anticipate that adoption of SFAS No. 130 will have a material effect on
the financial statements.
 
     In June 1997, the FASB issued SFAS No. 131, "Disclosure about Segments of
an Enterprise and Related Information," which establishes standards for
reporting by public companies about operating segments of their business. SFAS
No. 131 also establishes standards for related disclosures about products and
services, geographic areas, and major customers. SFAS No. 131 is effective for
periods beginning after December 15, 1997. Management does not anticipate that
the adoption of SFAS No. 131 will have a material effect on the financial
statements.
 
3. PREPAID EXPENSES AND OTHER CURRENT ASSETS
 
     At May 28, 1998, prepaid expenses and other current assets consist of the
following:
 

<TABLE>
<S>                                                           <C>
Deferred transaction costs..................................  $ 91,024
Other.......................................................    37,980
                                                              --------
                                                              $129,004
                                                              ========
</TABLE>

 
     Deferred transaction costs consist primarily of attorney fees related to
the sale of assets of the Partnership (Note 1).
 
4. PROPERTY, PLANT AND EQUIPMENT
 
     At May 28, 1998, property, plant and equipment consists of the following:
 

<TABLE>
<S>                                                           <C>
Cable plant and equipment...................................  $ 3,460,234
Office furniture and equipment..............................       52,531
Vehicles....................................................       32,468
                                                              -----------
                                                                3,545,233
Accumulated depreciation....................................   (3,062,099)
                                                              -----------
                                                              $   483,134
                                                              ===========
</TABLE>

 
     Depreciation expense was $47,018 for the period from January 1, 1998
through May 28, 1998.
 
5. ACCRUED EXPENSES
 
     At May 28, 1998, accrued expenses consist of the following:
 

<TABLE>
<S>                                                           <C>
Accrued compensation and benefits...........................  $17,004
Accrued programming costs...................................   24,883
Accrued legal costs.........................................   25,372
Other.......................................................   17,136
                                                              -------
                                                              $84,395
                                                              =======
</TABLE>

 
6. LONG-TERM DEBT
 
     The Partnership repaid its term loan, due to a bank, on January 15, 1998.
Interest on the loan was paid monthly and accrued at the bank's prime rate plus
2% (10.5% at December 31,
 
                                      F-379