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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>   424
 
                         INDIANA CABLE ASSOCIATES, LTD.
 
                         NOTES TO FINANCIAL STATEMENTS
 
1.  GENERAL INFORMATION
 
GENERAL INFORMATION:
 
     Indiana Cable Associates, Ltd. (the "Partnership"), a Colorado limited
partnership, was organized in March 1987 for the purpose of acquiring and
operating cable television systems and related operations in Indiana and
Illinois.
 
     For financial reporting purposes, Partnership profits or losses are
allocated 3.5% to the general partners and 96.5% to the limited partners.
Limited partners are not required to fund any losses in excess of their capital
contributions.
 
ACQUISITION BY INTERLINK COMMUNICATIONS PARTNERS, LLLP:
 
     Interlink Communications Partners, LLLP ("ICP") agreed to purchase all of
the interests of the Partnership. ICP acquired all of the limited partner
interests, effective December 31, 1998, and is currently in the process of
obtaining the necessary consents to transfer all of the Partnership's franchises
to ICP. Once these are obtained, ICP will then purchase the general partner
interest in the Partnership, and the Partnership will, by operation of law, be
consolidated into ICP.
 
2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
PROPERTY, PLANT AND EQUIPMENT:
 
     The Partnership records additions to property, plant and equipment at cost,
which in the case of assets constructed includes amounts for material, labor,
overhead and capitalized interest, if applicable.
 
     For financial reporting purposes, the Partnership uses the straight-line
method of depreciation over the estimated useful lives of the assets as follows:
 

<TABLE>
<S>                                                  <C>
Buildings and improvements.........................  5-30 years
Transmission and distribution systems and related
  equipment........................................  3-15 years
Office furniture and equipment.....................     5 years
</TABLE>

 
OTHER ASSETS:
 
     Other assets are carried at cost and are amortized on a straight-line basis
over the following lives:
 

<TABLE>
<S>                               <C>  <C>
Franchises                         --  the terms of the franchises
                                       (10-19 1/2 years)
Goodwill                           --  the term of the Partnership
                                       agreement (12 3/4 years)
Deferred loan costs                --  the term of the debt (1-6 years)
Organization costs                 --  5 years
</TABLE>

 
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