Virgin Media 2006 Annual Report Download - page 102

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
5. Acquisitions (Continued)
expire and management expect the related cash flows to continue indefinitely. Therefore, these assets will not be amortized until their
useful life is deemed to no longer be indefinite.
Pro Forma Results
The following pro forma financial information presents the combined results of operations of Virgin Media Holdings, the former
Telewest and Virgin Mobile businesses as if the acquisitions had occurred as of the beginning of the years presented (in millions,
except per share data). The unaudited pro forma financial information is not intended to represent or be indicative of the consolidated
results of operations or financial condition of Virgin Media that would have been reported had the acquisitions been completed as of
the dates presented, and should not be taken as representative of the future consolidated results of operations or financial condition of
Virgin Media.
Year ended
December 31,
2006
Pro forma
(Unaudited)
2005
Pro forma
(Unaudited)
Revenue £ 4,162.2 £ 4,040.2
Operating income 3.7 29.2
Loss from continuing operations before
income taxes, minority interest and
cumulative effect of changes in accounting
principle (573.5) (420.5)
Loss from continuing operations (570.9) (420.5)
Income from discontinued operations 7.9 662.7
Cumulative effect of changes in accounting
principle (32.6) —
Net (loss) income £ (595.6) £ 242.2
Loss from continuing operations per share £ (1.95) £ (1.97)
Net (loss) income per share £ (2.03) £ 1.13
The pro forma financial information above includes the following material, non−recurring charges: write−offs of historical
deferred finance charges of £32.9 million in the year ended December 31, 2006 and £59.8 million in the year ended December 31,
2005; acquisition−related charges of £16.3 million in the year ended December 31, 2006; other charges including restructuring
charges of £51.9 million in the year ended December 31, 2006 and £2.4 million in the year ended December 31, 2005.
F−22
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007