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SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 06/22/1999
Entire Document
 
<PAGE>   324
           PICAYUNE MS, LAFOURCHE LA, ST. TAMMANY LA, ST. LANDRY LA,
           POINTE COUPEE LA, AND JACKSON TN CABLE TELEVISION SYSTEMS
                          (INCLUDED IN TWI CABLE INC.)
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
 
fee expense. The net effect of this change is a reduction in 1997 revenue and
franchise fee expense of approximately $1,500,000 versus the comparable period
in 1996.
 
  ADVERTISING COSTS
 
     Advertising costs are expensed upon the first exhibition of the related
advertisements. Advertising expense amounted to $308,000, $632,000 and $510,000
for the years ended 1995, 1996 and 1997, respectively.
 
  STATEMENT OF CASH FLOWS
 
     The Combined Systems participate in a cash management system with
affiliates whereby cash receipts are transferred to a centralized bank account
from which centralized payments to various suppliers and creditors are made on
behalf of the Combined Systems. The excess of such cash receipts over payments
is included in net assets. Amounts shown as cash represent the Combined Systems'
net cash receipts not transferred to the centralized account as of December 31,
1996 and 1997. The average net intercompany payable balances were $173,348,000
and $170,438,000 for the years ended December 31, 1996 and 1997, respectively.
 
     For purposes of this statement, cash and cash equivalents includes all
highly liquid investments purchased with original maturities of three months or
less.
 
  PROPERTY, PLANT AND EQUIPMENT
 
     Property, plant and equipment are stated at cost. Additions to property,
plant and equipment generally include material, labor, overhead and interest.
Depreciation is provided on the straight-line method over estimated useful lives
as follows:
 

<TABLE>
<S>                                                      <C>
Buildings and improvements.............................  5-20 years
Cable television equipment.............................  5-15 years
Furniture, fixtures and other equipment................  3-10 years
</TABLE>

 
Property, plant and equipment consist of:
 

<TABLE>
<CAPTION>
                                                            DECEMBER 31,
                                                         ------------------
                                                          1996       1997
                                                          ----       ----
<S>                                                      <C>        <C>
Land and buildings.....................................  $ 2,003    $ 2,265
Cable television equipment.............................   32,324     39,589
Furniture, fixtures and other equipment................    1,455      2,341
Construction in progress...............................    5,657      1,028
                                                         -------    -------
                                                          41,439     45,223
Less accumulated depreciation..........................   (4,473)    (8,279)
                                                         -------    -------
          Total........................................  $36,966    $36,944
                                                         =======    =======
</TABLE>

 
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