Virgin Media 2006 Annual Report Download - page 103
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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
6. Fixed Assets
Fixed assets consist of (in millions):
December 31,
Estimated Useful Life 2006 2005
Operating equipment
Cable distribution plant 8−30 years £ 5,581.6 £ 3,219.8
Switches and headends 8−10 years 687.0 312.4
Customer premises equipment 5−10 years 1,374.7 914.0
Other operating equipment 8−20 years 65.8 65.8
Total operating equipment 7,709.1 4,512.0
Other equipment
Land — 13.5 4.4
Buildings 30 years 119.0 65.1
Leasehold improvements 20 years or, if less, the
lease term 68.7 65.5
Computer infrastructure 3−5 years 282.5 256.1
Other equipment 5−12 years 169.1 63.0
Total other equipment 652.8 454.1
8,361.9 4,966.1
Accumulated depreciation (2,480.1) (1,768.0)
5,881.8 3,198.1
Construction in progress 144.5 96.8
£ 6,026.3 £ 3,294.9
7. Leases
A summary of assets held under capital leases is as follows (in millions):
December 31,
2006 2005
Cable distribution plant £ 30.1 £ 30.1
Switches and headends 41.5 2.5
Motor vehicles 13.4 —
Computer equipment 74.3 —
159.3 32.6
Less: accumulated depreciation (87.1) (10.6)
£ 72.2 £ 22.0
Depreciation of assets held under capital leases is included within depreciation expense.
F−23
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007