Virgin Media 2006 Annual Report Download - page 131

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
21. Condensed Consolidated Financial Information (Continued)
December 31, 2005
Balance sheets Company
Virgin
Media
Finance Other guarantors VMIH All other subsidiaries Adjustments Total
(in millions)
Cash and cash equivalents £ 446.6 £ — £ — £ 5.4 £ 283.2 £ — £ 735.2
Restricted cash — — — — 3.4 — 3.4
Marketable securities 96.9 — — — — — 96.9
Other current assets 68.1 — 0.3 — 235.8 — 304.2
Total current assets 611.6 — 0.3 5.4 522.4 — 1,139.7
Fixed assets, net — — — — 3,294.9 — 3,294.9
Intangible assets, net — — (14.4) — 457.4 — 443.0
Investments in, and loans to affiliates 1,375.0 1,638.6 1,340.4 3,836.0 680.5 (8,870.5) —
Other assets, net — — — 69.0 41.9 — 110.9
Total assets £ 1,986.6 £ 1,638.6 £ 1,326.3 £ 3,910.4 £ 4,997.1 £ (8,870.5) £ 4,988.5
Current liabilities £ 21.6 £ 18.9 £ — £ 69.7 £ 622.0 £ (122.4) £ 609.8
Long term debt 10.0 869.1 — 3,055.2 4,666.3 (6,321.4) 2,279.2
Other long term liabilities — — 17.8 31.8 93.9 — 143.5
Minority interest — — — — 1.0 — 1.0
Shareholders’ equity 1,955.0 750.6 1,308.5 753.7 (386.1) (2,426.7) 1,955.0
Total liabilities and shareholders’ equity £ 1,986.6 £ 1,638.6 £ 1,326.3 £ 3,910.4 £ 4,997.1 £ (8,870.5) £ 4,988.5
December 31, 2006
Statements of operations Company
Virgin
Media
Finance Other guarantors VMIH All other subsidiaries Adjustments Total
(in millions)
Revenue £ — £ — £ — £ — £ 3,602.2 £ — £ 3,602.2
Operating costs — — — — (1,572.8) — (1,572.8)
Selling, general and administrative expenses (22.8) — (15.8) — (868.3) — (906.9)
Other charges — — — — (67.0) — (67.0)
Depreciation and amortization — — — — (1,045.7) — (1,045.7)
Operating loss (22.8) — (15.8) — 48.4 — 9.8
Interest and other income, net 0.7 95.0 34.2 192.4 (154.8) (132.8) 34.7
Interest expense — (93.7) (83.6) (282.1) (130.8) 132.8 (457.4)
Loss on extinguishment of debt — — — (32.8) — — (32.8)
Share of income from equity investments — — — — 12.5 — 12.5
Gains on derivative instruments — — — 2.0 (0.7) — 1.3
Foreign currency gains (losses) 2.3 (5.4) (98.0) (35.5) 46.5 — (90.1)
Minority interest income — — — — 1.0 — 1.0
Income tax benefit (expense) — — 9.1 — 2.7 — 11.8
Income (loss) from continuing operations (19.8) (4.1) (154.1) (156.0) (175.2) — (509.2)
(Loss) income from discontinued operations — — 7.9 — — — 7.9
Cumulative effect of changes in accounting
principle (0.2) — — — (32.4) — (32.6)
Equity in net (loss) income of subsidiaries (513.9) (372.3) (368.0) (216.3) — 1,470.5 —
Net income (loss) £ (533.9) £ (376.4) £ (514.2) £ (372.3) £ (207.6) £ 1,470.5 £ (533.9)
F−52
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007