Virgin Media 2006 Annual Report Download - page 120

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
15. Other Charges Including Restructuring Charges (Continued)
The following tables summarize our historical restructuring provisions incurred and utilized in 2004, 2005 and 2006, and the
restructuring provisions resulting from the acquisitions during 2006 (in millions):
Historical Restructuring Provisions
Involuntary
Employee
Termination
and Related
Costs
Lease
Exit
Costs Agreement Modifications Other Total
Balance, December 31, 2003 £ — £ 38.8 £ 0.3 £ — £ 39.1
Released — — — — —
Charged to expense 12.4 2.4 — 9.0 23.8
Utilized (10.7) (12.8) (0.1) (9.0) (32.6)
Balance, December 31, 2004 1.7 28.4 0.2 — 30.3
Released — — (0.2) (0.4) (0.6)
Charged to expense 0.8 24.2 — 0.4 25.4
Utilized (2.5) (7.3) — — (9.8)
Balance, December 31, 2005 — 45.3 — — 45.3
Released — — — — —
Charged to expense — 4.0 — — 4.0
Utilized — (5.9) — — (5.9)
Balance, December 31, 2006 £ — £ 43.4 £ — £ — £ 43.4
Acquisition Restructuring Provisions
Involuntary
Employee
Termination
and Related
Costs
Lease
Exit
Costs Agreement Modifications Other Total
Balance, December 31, 2005 £ — £ — £ — £ — £ —
Provisions resulting from business acquisition
recognized under EITF 95−3 43.2 45.9 — — 89.1
Charged to expense 40.3 22.7 — — 63.0
Utilized (64.8) (3.9) — — (68.7)
Balance, December 31, 2006 £ 18.7 £ 64.7 £ — £ — £ 83.4
F−40
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007