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S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/04/1999
Entire Document
 
<PAGE>   639
                    AMRAC CLEAR VIEW, A LIMITED PARTNERSHIP
 
                  NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
              FOR THE YEARS ENDED DECEMBER 31, 1995, 1996 AND 1997
 
  Advertising:
 
     The Partnership follows the policy of charging the costs of advertising to
expense as incurred. Advertising expense was $1,681, $1,781 and $2,865 for the
years ended December 31, 1995, 1996 and 1997, respectively.
 
  Income taxes:
 
     The Partnership does not incur a liability for federal or state income
taxes. The current income or loss of the Partnership is included in the taxable
income of the partners, and therefore, no provision for income taxes is
reflected in the financial statements.
 
  Revenues:
 
     The principal sources of revenues are the monthly charges for basic and
premium cable television services and installation charges in connection
therewith.
 
  Allocation of profits and losses and distributions of cash flow:
 
     Partnership profits and losses, (other than those arising from capital
transactions, described below), and distributions of cash flow are allocated 94%
to the Investor Limited Partners, 2.5% to the Class A Limited Partner, 1% to the
Class B Limited Partner and 2.5% to the General Partner until Payout (as defined
in the Partnership Agreement) and after Payout, 65% to the Investor Limited
Partners, 15% to the Class A Limited Partner, 5% to the Class B Limited Partner
and 15% to the General Partner.
 
     Partnership profits from capital transactions are allocated first, in
proportion to the partners' respective capital accounts until their respective
account balances are zero and second, in proportion to any distributed cash
proceeds resulting from the capital transaction and third, any remaining profit,
if any, is allocated 65% to the Investor Limited Partners, 15% to the Class A
Limited Partner, 5% to the Class B Limited Partner, and 15% to the General
Partner.
 
     Partnership losses from capital transactions are allocated first, in
proportion to the partners' respective capital accounts until their respective
account balances are zero and, second, any remaining loss, if any, is allocated
65% to the Investor Limited Partners, 15% to the Class A Limited Partner, 5% to
the Class B Limited Partner, and 15% to the General Partner.
 
2. PROPERTY AND EQUIPMENT:
 
     Property and equipment consists of the following at December 31:
 

<TABLE>
<CAPTION>
                                                        1996         1997
                                                      ---------    ---------
<S>                                                   <C>          <C>
Cable plant and equipment...........................  3,274,684    3,391,750
Office furniture and equipment......................     63,373       64,350
Vehicles............................................     27,825       27,825
                                                      ---------    ---------
                                                      3,365,882    3,483,925
                                                      =========    =========
</TABLE>

 
     Depreciation is provided over the estimated useful lives of the above items
as follows:
 

<TABLE>
<S>                                                           <C>
Cable plant and equipment...................................    10 years
Office furniture and equipment..............................  5-10 years
Vehicles....................................................     6 years
</TABLE>

 
                                      F-392