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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 06/22/1999
Entire Document
 
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             R/N SOUTH FLORIDA CABLE MANAGEMENT LIMITED PARTNERSHIP
 
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
OTHER ASSETS:
 
     Other assets are carried at cost and are amortized on a straight-line basis
over the following lives:
 

<TABLE>
<S>                       <C>
Franchises..............  -- the terms of the franchises (3-13
                          years)
Goodwill................  -- 40 years
Organization costs......  -- 5 years
Deferred loan costs.....  -- the term of the debt (8 years)
</TABLE>

 
INCOME TAXES:
 
     No provision for the payment or refund of income taxes has been provided
since the partners are responsible for reporting their distributive share of
partnerships net income or loss in their personal capacities.
 
CASH AND CASH EQUIVALENTS:
 
     The Partnerships consider all highly liquid debt instruments purchased with
a maturity of three months or less to be cash equivalents.
 
REVENUE RECOGNITION:
 
     Customer fees are recorded as revenue in the period the service is
provided.
 
FAIR VALUE OF FINANCIAL INSTRUMENTS:
 
     The carrying values of cash and cash equivalents, customer accounts
receivable, accounts payable and interpartnership debt approximate fair value.
 
USE OF ESTIMATES:
 
     The preparation of the financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the amounts reported in the financial statements and
accompanying notes. Actual results could differ from those estimates.
 
IMPACT OF YEAR 2000 (UNAUDITED):
 
     The Partnerships recognize that certain of its time-sensitive computer
programs and product distribution equipment may be affected by conversion to the
year 2000. During 1998, management began their evaluation of the information
systems, product distribution facilities, and vendor and supplier readiness. To
date, considerable progress has been made to complete the evaluation process, to
integrate and test compliance installations, and to prepare contingency plans.
In addition, third party suppliers are either fully compliant or are expected to
be compliant by December 31, 1999. Management expects to have all systems
compliant, or have a contingency plan in effect that will result in minimal
impact on the operations.
 
NEW ACCOUNTING PRONOUNCEMENT:
 
     In April 1998, the Accounting Standards Executive Committee issued
Statement of Position (SOP) 98-5 "Reporting on the costs of Start-Up
Activities," which requires the Partnerships to expense all start-up costs
related to organizing a new business. This new standard also includes one-time
activities related to opening a new facility, introduction of
 
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