Virgin Media 2006 Annual Report Download - page 130

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
21. Condensed Consolidated Financial Information
On April 13, 2004, our wholly−owned subsidiary, Virgin Media Finance PLC (formerly NTL Cable PLC), or Virgin Media
Finance, issued £375 million aggregate principal amount of 9.75% senior notes due 2014, $425 million aggregate principal amount of
8.75% senior notes due 2014, €225 million aggregate principal amount of 8.75% senior notes due 2014 and $100 million aggregate
principal amount of floating rate notes due 2012, together referred to as the Senior Notes due 2014. On July 15, 2006, the $100 million
aggregate principal amount of floating rate notes was redeemed. On July 25, 2006, Virgin Media Finance issued $550 million
aggregate principal amount of 9.125% senior notes due 2016, and together with the Senior Notes due 2014, these are referred to as the
Senior Notes. We and certain of our subsidiaries, namely Virgin Media Group LLC (formerly NTL:Telewest LLC), Virgin Media
Holdings Inc. (formerly NTL Holdings Inc.), Virgin Media (UK) Group, Inc. (formerly NTL (UK) Group, Inc.) and Virgin Media
Communications Limited (formerly NTL Communications Limited), have guaranteed the Senior Notes on a senior basis. Virgin
Media Investment Holdings Limited, or VMIH, has guaranteed the Senior Notes on a senior subordinated basis.
We present the following condensed consolidated financial information as of December 31, 2006 and 2005 and for the years
ended December 31, 2006, 2005, and 2004 as required by Article 3−10(d) of Regulation S−X.
December 31, 2006
Balance sheets Company
Virgin
Media
Finance Other guarantors VMIH All other subsidiaries Adjustments Total
(in millions)
Cash and cash equivalents £ 2.4 £ — £ 31.5 £ 0.2 £ 384.4 £ — £ 418.5
Restricted cash — — — — 6.0 — 6.0
Other current assets (1.7) — 0.3 0.1 615.2 — 613.9
Total current assets 0.7 — 31.8 0.3 1,005.6 — 1,038.4
Fixed assets, net 0.7 — — — 6,025.6 — 6,026.3
Intangible assets, net — — (11.0) — 3,648.0 — 3,637.0
Investments in, and loans to, affiliates 3,242.3 1,411.7 774.4 5,327.2 (6,407.5) (3,976.6) 371.5
Other assets, net — — — 103.2 67.1 — 170.3
Total assets £ 3,243.7 £ 1,411.7 £ 795.2 £ 5,430.7 £ 4,338.8 £ (3,976.6) £ 11,243.5
Current liabilities £ 11.8 £ 30.1 £ 9.4 £ 97.6 £ 1,593.9 £ (100.0) £ 1,642.8
Long term debt — 1,024.4 — 1,872.4 3,120.4 — 6,017.2
Other long term liabilities 1.8 — 8.5 124.9 218.2 — 353.4
Shareholders’ equity 3,230.1 357.2 777.3 3,335.8 (593.7) (3,876.6) 3,230.1
Total liabilities and shareholders’ equity £ 3,243.7 £ 1,411.7 £ 795.2 £ 5,430.7 £ 4,338.8 £ (3,976.6) £ 11,243.5
F−51
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007