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S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 08/27/1999
Entire Document
 
<PAGE>   365
                    HELICON PARTNERS I, L.P. AND AFFILIATES
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
 
     On December 17, 1997, HOL acquired the net assets of a telephone dial-up
ISP serving 1,571 (unaudited) customers in and around the area of Plainfield,
Vermont. The aggregate purchase price was $497,307.
 
     On December 17, 1997, HOL acquired the net assets of a telephone dial-up
ISP serving approximately 2,110 (unaudited) customers in and around the area of
Wells River, Vermont. The aggregate purchase price was $673,170.
 
     The aggregate purchase price of the 1997 ISP acquisitions was $2,490,062
and was allocated to the net assets acquired, based on their estimated fair
value. Such allocation is summarized as follows:
 

<TABLE>
<S>                                                  <C>
Internet service equipment.........................  $  237,064
Customer lists.....................................   1,409,768
Non-compete Agreement..............................     883,097
Other intangible assets............................      35,000
Other net operating items..........................     (74,867)
                                                     ----------
Total aggregate purchase price.....................  $2,490,062
                                                     ==========
</TABLE>

 
     A portion of the purchase price was paid through the issuance of notes to
the Sellers totaling $1,801,000. Such notes were reported net of imputed
interest of $304,698 computed at 9% per annum (see Note 11).
 
     The operating results relating to the above acquisitions, effective with
their acquisition dates, are included in the accompanying combined financial
statements.
 
4.  PROPERTY, PLANT AND EQUIPMENT, NET
 
     Property, plant and equipment, net is summarized as follows at December 31:
 

<TABLE>
<CAPTION>
                                                            ESTIMATED USEFUL
                                1997            1998         LIFE IN YEARS
                            ------------    ------------    ----------------
<S>                         <C>             <C>             <C>
Land......................  $    121,689    $    320,689         --
Cable television system...   124,684,403     140,441,324      5 to 20
Internet service
  equipment...............     1,281,362       2,483,602       2 to 3
Office furniture and
  fixtures................       677,672         728,253      5 and 10
Vehicles..................     3,536,358       4,570,990      3 and 5
Building..................       805,525       1,585,384      5 and 10
Building and leasehold
  Improvements............       398,843         445,820       1 to 5
Computers.................     3,232,355       4,159,506       3 to 5
                            ------------    ------------
                             134,738,207     154,735,568
Less accumulated
  depreciation............   (54,633,830)    (67,997,988)
                            ------------    ------------
                            $ 80,104,377    $ 86,737,580
                            ============    ============
</TABLE>

 
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