Virgin Media 2006 Annual Report Download - page 104
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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
7. Leases (Continued)
Future minimum annual payments at December 31, 2006 are as follows (in millions). The table reflects our contractual
obligations.
Capital
Leases Operating
Leases
Year ended December 31:
2007 £ 29.9 £ 53.1
2008 25.9 48.1
2009 12.0 38.2
2010 6.1 36.8
2011 23.2 32.8
Thereafter 91.6 185.8
Total minimum lease payments 188.7 £ 394.8
Less: amount representing interest (84.3)
Present value of net minimum obligations 104.4
Less: current portion (22.1)
£ 82.3
Leases for buildings, offices space and equipment extend through 2034. Total rental expense for the years ended December 31,
2006, 2005, and 2004 under operating leases was £102.4 million, £56.5 million and £70.4 million, respectively.
F−24
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007