
											Intangible
											assets with
	Intangible assets subject to amortization										indefinite lives
	Customer contracts,																Total
	related customer				Access to		Assets						Total				intangible
	relationships and				rights-of-way		under				Spectrum		intangible				assets and
(millions)	subscriber base 1		Software		and other		construction		Total		licences		assets		Goodwill 1, 2		goodwill
AT COST
As at January 1, 2019	$	616	$	5,092	$	103	$	341	$	6,152	$	8,694	$	14,846	$	5,111	$	19,957
Additions		—		27		6		266		299		931		1,230		—		1,230
Additions arising from business acquisitions (b)		62		49		—		—		111		—		111		170		281
Dispositions, retirements and other (including capitalized interest (see Note 9))		(5)		(126)		(1)		—		(132)		4		(128)		(3)		(131)
Assets under construction put into service		—		334		—		(334)		—		—		—		—		—
Net foreign exchange differences		(6)		—		—		—		(6)		—		(6)		(26)		(32)
As at June 30, 2019	$	667	$	5,376	$	108	$	273	$	6,424	$	9,629	$	16,053	$	5,252	$	21,305
ACCUMULATED AMORTIZATION
As at January 1, 2019	$	226	$	3,621	$	65	$	—	$	3,912	$	—	$	3,912	$	364	$	4,276
Amortization		28		280		2		—		310		—		310		—		310
Dispositions, retirements and other		(8)		(125)		(1)		—		(134)		—		(134)		—		(134)
As at June 30, 2019	$	246	$	3,776	$	66	$	—	$	4,088	$	—	$	4,088	$	364	$	4,452
NET BOOK VALUE
As at December 31, 2018	$	390	$	1,471	$	38	$	341	$	2,240	$	8,694	$	10,934	$	4,747	$	15,681
As at June 30, 2019	$	421	$	1,600	$	42	$	273	$	2,336	$	9,629	$	11,965	$	4,888	$	16,853

(1)

The opening balances of customer contracts, related customer relationships and subscriber base, and goodwill, have been adjusted as set out in (c).

(2)

Accumulated amortization of goodwill is amortization recorded prior to 2002; there are no accumulated impairment losses in the accumulated amortization of goodwill.


			Individually
	Telecommunications		immaterial
	business		transactions		Total 1
Assets
Current assets
Cash	$	2	$	4	$	6
Accounts receivable 2		5		7		12
Other		1		3		4
		8		14		22
Non-current assets
Property, plant and equipment
Owned assets		6		33		39
Right-of-use lease assets		2		2		4
Intangible assets subject to amortization 3		35		76		111
		43		111		154
Total identifiable assets acquired		51		125		176
Liabilities
Current liabilities
Accounts payable and accrued liabilities		19		9		28
Advance billings and customer deposits		4		2		6
		23		11		34
Non-current liabilities
Long-term debt		2		2		4
Deferred income taxes		5		5		10
		7		7		14
Total liabilities assumed		30		18		48
Net identifiable assets acquired		21		107		128
Goodwill		91		79		170
Net assets acquired	$	112	$	186	$	298
Acquisition effected by way of:
Cash consideration	$	62	$	129	$	191
Accounts payable and accrued liabilities		12		13		25
Issue of TELUS Corporation Common Shares		38		34		72
Pre-existing relationship effectively settled		—		10		10
	$	112	$	186	$	298

(1)

The purchase price allocation, primarily in respect of customer contracts, related customer relationships and leasehold interests and deferred income taxes, had not been finalized as of the date of issuance of these consolidated financial statements. As is customary in a business acquisition transaction, until the time of acquisition of control, we did not have full access to the books and records of the acquired businesses. Upon having sufficient time to review the books and records of the acquired businesses, we expect to finalize our purchase price allocations.

(2)

The fair value of accounts receivable is equal to the gross contractual amounts receivable and reflects the best estimates at the acquisition dates of the contractual cash flows expected to be collected.

(3)

Customer contracts and customer relationships (including those related to customer contracts) are generally expected to be amortized over periods of 8 years; software is expected to be amortized over a period of 5 years.