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SEC Filings

S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/04/1999
Entire Document
 
<PAGE>   409
                    HELICON PARTNERS I, L.P. AND AFFILIATES
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
 
carrying value of the Warrants is being accreted evenly over the period
beginning with the date of the increase and September 2001. Such accretion is
being reflected in the accompanying financial statements as an increase in the
carrying value of the Warrants and a corresponding reduction in the carrying
value of the capital accounts of the General and Class A Limited Partners.
 
     The agreements underlying the Subordinated Notes and the Warrants contain
various restrictive covenants that include limitations on incurrence or
guarantee of indebtedness, transactions with affiliates, and distributions to
partners. In addition, management fees in the aggregate cannot exceed 5% of
gross revenues of the Partnership.
 
11.  OTHER NOTES PAYABLE
 
     Other Notes payable consists of the following at December 31:
 

<TABLE>
<CAPTION>
                                                                 1997          1998
                                                              ----------    ----------
<S>                                                           <C>           <C>
Promissory note in consideration for acquisition of a cable
  television system, accruing interest at 10% per annum on
  principal and accrued interest which is added to principal
  on certain specified dates; interest becomes payable on
  January 1, 1998 and the principal is payable in full on
  August 20, 2000                                             $2,036,765    $2,036,765
Non-interest bearing promissory notes issued in connection
  with the acquisition of a cable television system.
  Principal payments begin on July 16, 1997, in the amount
  of $70,000 and four installments in the amount of $170,000
  on each July 16 thereafter. Such notes are reported net of
  imputed interest of $141,116 and $101,732 in 1997 and
  1998, respectively, computed at 9% per annum                   538,884       408,268
Non-interest bearing promissory notes issued in connection
  with the acquisitions of the internet businesses.
  Principal payments are due in January, February, and March
  of each year and continue quarterly thereafter through
  June, 2001. Such notes are reported net of imputed
  interest of $180,727 and $146,441 in the 1997 and 1998,
  respectively, computed at 9% per annum                       1,398,478     1,021,474
Installment notes, collateralized by vehicles and other
  equipment and payable in monthly installments, at interest
  rates between 5.5% to 14.25% per annum, through January,
  2003                                                         1,772,949     1,982,297
                                                              ----------    ----------
                                                              $5,747,076    $5,448,804
                                                              ==========    ==========
</TABLE>

 
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