iesy Repository GmbH - Irish Stock Exchange

COURTESY TRANSLATION FROM THE GERMAN LANGUAGE
KABELNETZ NRW HoldCo GmbH, COLOGNE
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE THREE MONTHS ENDED MARCH 31, 2005—(CONTINUED)
secured liabilities. The long-term notes payable and the trade accounts payable with extended due dates are due upon the
earlier of October 1, 2006 or the sale of ish or the refinancing (“Exit Event”). Notes in the amount of EUR 25.000k are to be
paid in October 2005, if no Exit Event has occurred by this date.
The long-term notes payable and the trade accounts payable with extended due dates are also secured by the entire
fixed and current assets of ish KG.
date.
Other Liabilities
Other liabilities include EUR 1,470k which relates to accrued interest from finance loans due after the balance sheet
Deferred Income
Income is deferred for payments received from customers for cable TV services to be provided after March 31, 2005.
Deferred income as of March 31, 2005 accounts for EUR 70,163k.
Income Statement
Sales
386
Quarter I, 2005
EUR k
Cable Television revenue 87,745
Program revenue and other revenue 12,306
100,051
Cable Television revenue principally include monthly as well as annual fees paid by direct subscribers and key account
customers. In addition to monthly revenue, one-time provisioning charges for cable television are also included.
Program and other revenue are derived from content providers for the distribution of national and regional/local
programs through cable network. Also included in program and other revenues are digital content revenues. Revenue
recognized in this respect in the fiscal year comes to EUR 1,459k. These revenues relate to the feeding in and broadcasting of
digital TV programs. The digital content income is received via MSG MediaServices GmbH („MSG”), a Kabel Deutschland
GmbH („KDG”)-Group company that operates the digital platform of the broadband cable business of KDG. Cost incurred
associated with the digital platform of EUR 834k is included in costs of purchased services.
Furthermore, other revenue also includes revenue from the internet business (EUR 1,613k) and the fixed-line telephony
business (EUR 491k). In April 2004 we launched our “lower priced” internet product “ish internet flat” which contributed
substantially to the increase in the internet segment.
All revenues were generated in North Rhine-Westphalia.
Other Operating Income
Other operating income includes income not related to the period of EUR 1,173k which mainly results from the
reversal of accruals.