Virgin Media 2006 Annual Report Download - page 143

VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions, except share data)
December 31,
2006 2005
Assets
Current assets
Cash and cash equivalents £ 384.0 £ 288.1
Restricted cash 5.2 2.6
Accounts receivable—trade, less allowance for doubtful accounts of £49.4 (2006) and £39.8 (2005) 454.9 178.2
Inventory 65.3 —
Prepaid expenses and other current assets 89.2 42.2
Total current assets 998.6 511.1
Fixed assets, net 5,863.9 3,114.3
Goodwill and other indefinite−lived intangible assets 2,521.4 197.9
Intangible assets, net 1,110.3 232.2
Equity investments 371.5 —
Other assets, net of accumulated amortization of £21.8 (2006) and £32.2 (2005) 170.3 110.9
Due from parent and subsidiary companies 650.3 61.0
Total assets £ 11,686.3 £ 4,227.4
Liabilities and shareholders’ equity
Current liabilities
Accounts payable £ 379.5 £ 176.7
Accrued expenses and other current liabilities 474.8 179.8
VAT and employee taxes payable 86.2 44.4
Restructuring liabilities 124.5 42.5
Interest payable 196.5 65.2
Deferred revenue 258.0 95.3
Due to parent and subsidiary companies — 111.8
Current portion of long term debt 141.9 0.8
Total current liabilities 1,661.4 716.5
Long term debt, net of current portion 6,345.9 2,630.4
Deferred revenue and other long term liabilities 266.2 125.8
Deferred income taxes 77.0 —
Total liabilities 8,350.5 3,472.7
Commitments and contingent liabilities
Minority interest — 1.0
Shareholders’ equity
Share capital—£0.001 par value; authorized 1,000,000 ordinary shares (2006 and 2005); issued and
outstanding 224,552 in 2006 (2005: 121,006) ordinary shares — —
Additional paid−in capital 4,371.3 1,399.9
Accumulated other comprehensive loss (36.0) (19.0)
Accumulated deficit (999.5) (627.2)
Total shareholders’ equity 3,335.8 753.7
Total liabilities and shareholders’ equity £ 11,686.3 £ 4,227.4
See accompanying notes.
F−64
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007