Virgin Media 2006 Annual Report Download - page 132

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
21. Condensed Consolidated Financial Information (Continued)
December 31, 2005
Statements of operations Company
Virgin
Media
Finance Other
guarantors VMIH All other
subsidiaries Adjustments Total
(in millions)
Revenue £ — £ — £ — £ — £ 1,947.6 £ — £ 1,947.6
Operating costs — — — — (808.3) — (808.3)
Selling, general and administrative expenses (17.4) — — — (465.6) — (483.0)
Other charges 0.3 — — — (25.1) — (24.8)
Depreciation and amortization — — — — (651.2) — (651.2)
Operating loss (17.1) — — — (2.6) — (19.7)
Interest and other income, net 17.4 84.6 25.2 302.1 13.0 (412.9) 29.4
Interest expense (2.8) (85.0) (0.1) (252.5) (308.3) 412.9 (235.8)
Loss on extinguishment of debt — (2.0) — — — — (2.0)
Gains on derivative instruments — — — 0.9 — — 0.9
Foreign currency gains (losses) 35.4 1.8 (49.8) 35.4 (17.5) — 5.3
Minority interest expense — — — — (1.0) — (1.0)
Income tax benefit (expense) 1.3 — (20.1) — — — (18.8)
Income (loss) from continuing operations 34.2 (0.6) (44.8) 85.9 (316.4) — (241.7)
(Loss) income from discontinued operations — — (8.6) — 671.3 — 662.7
Dividend received (paid) 523.8 — (523.8) — — — —
Equity in net (loss) income of subsidiaries (137.0) 433.6 432.7 347.7 — (1,077.0) —
Net income (loss) £ 421.0 £ 433.0 £ (144.5) £ 433.6 £ 354.9 £ (1,077.0) £ 421.0
F−53
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007