Q1-2009 Press release - Cogeco

- 32 -COGECO INC.Notes to Consolidated Financial StatementsNovember 30, 2008(unaudited)(amounts in tables are in thousands of dollars, except number of shares and per share data)11. Statements of Cash Flowsa) Changes in non-cash operating itemsThree months ended November 30,2008 2007$ $Accounts receivable (3,189) (1,899)Income taxes receivable (2,885) 827Prepaid expenses 1,337 1,836Accounts payable and accrued liabilities (44,644) (38,794)Income tax liabilities (17,001) 2,282Deferred and prepaid income and other liabilities 1,226 975(65,156) (34,773)b) Other informationThree months ended November 30,2008 2007$ $Fixed asset acquisitions through capital leases 939 73Interest paid 21,751 21,194Income taxes paid 26,916 47812. Employees Future BenefitsThe Company and its Canadian subsidiaries offer their employees contributory defined benefit pension plans, adefined contribution pension plan or collective registered retirement savings plans, which are described in theCompany’s annual consolidated financial statements. The total expenses related to these plans are as follows:Three months ended November 30,2008 2007$ $Contributory defined benefit pension plans 747 658Defined contribution pension plan and collective registered retirement savings plans 923 7081,670 1,366