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ACQUISITIONS AND DISPOSITIONS (Tables)
12 Months Ended
Dec. 31, 2012
Business Acquisition [Line Items]  
Pro Forma Results of operations, acquisition of bTV
We fully impaired the broadcast license during 2012 and recorded impairments of the trademark and goodwill during 2012 and 2011 (see Note 4 "Goodwill and Intangible Assets").

The following table presents unaudited pro forma results of operations of CME Ltd. for the year ended December 31, 2010 as if the acquisition of the bTV group had occurred as of January 1, 2010. This pro forma financial information is not indicative of the results of operations that the Company would have attained had the acquisition of the bTV group occurred as of January 1, 2010, nor is the pro forma financial information indicative of the results of operations that may occur in the future:
 
For The Year Ending December 31,
 
2010
 
 
Revenues
$
759,287

Net income
98,945

Net income attributable to CME Ltd.
102,347

Net income attributable to CME Ltd. - basic and diluted earnings per share
1.60

Weighted average common shares - basic and diluted earnings per share
64,029

Btv Group [Member]
 
Business Acquisition [Line Items]  
Summary of fair value of assets acquired and liabilities assumed
The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
Fair value on acquisition
 
 
Cash and cash equivalents
$
485

Restricted cash
3,560

Broadcast licenses(1)
178,158

Trademark(2)
74,066

Customer relationships(3)
37,322

Programming rights
6,383

Property, plant and equipment
8,579

Other assets, net(4)
14,851

Deferred tax liabilities
(29,100
)
Goodwill(5)
115,641

Total purchase price
$
409,945


(1) License agreements were amortized on a straight-line basis over an estimated life of 24 years as at December 31, 2011. We changed our estimate of the remaining useful life as of January 1, 2012 (see Note 4 "Goodwill and Intangible Assets").
(2) The trademark is deemed to have an indefinite life.
(3) Customer relationships are being amortized on a straight-line basis over an estimated life of 15 years.
(4) Amount includes US$ 21.0 million of acquired receivables which represent the best estimate of the US$ 21.0 million contractual cash flows expected to be collected as of the acquisition date.
(5) No goodwill is expected to be deductible for tax purposes.
Bontonfilm [Member]
 
Business Acquisition [Line Items]  
Summary of fair value of assets acquired and liabilities assumed
The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
Fair Value on Date of Acquisition
Cash and cash equivalents
$
3,011

Property, plant and equipment
384

Program rights
201

Inventory
2,978

Other intangible assets subject to amortization(1)
1,999

Deferred tax assets, net
862

Other assets, net(2)
838

Goodwill(3)
1,477

Total purchase price
$
11,750


(1) The other intangible assets subject to amortization consist of distribution relationships with studios and are being amortized on a straight-line basis over an estimated life of 8.5 years.
(2) Amount includes US$ 4.0 million of acquired receivables, which represents management's best estimate of the approximately US$ 7.1 million contractual cash flows expected to be collected as of the acquisition date.
(3) No goodwill is deductible for tax purposes.