Virgin Media 2006 Annual Report Download - page 144

VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions)
Year ended December 31,
2006 2005 2004
Revenue £ 2,997.1 £ 1,825.9 £ 1,879.7
Costs and expenses
Operating costs (exclusive of depreciation shown separately below) 1,328.9 761.0 788.6
Selling, general and administrative expenses 721.5 430.1 451.5
Other charges 62.2 23.7 22.4
Depreciation 665.4 517.3 566.5
Amortization 203.9 101.8 96.3
2,981.9 1,833.9 1,925.3
Operating income (loss) 15.2 (8.0) (45.6)
Other income (expense)
Interest income and other, net 30.2 12.2 4.2
Interest expense (372.3) (253.0) (350.1)
Loss on extinguishment of debt (32.8) — (162.2)
Share of income from equity investments 8.1 — —
Gains on derivative instruments 1.3 0.9 —
Foreign currency transaction gains (losses) 6.9 17.9 (27.2)
Loss from continuing operations before income taxes, minority interest and
cumulative effect of changes in accounting principle (343.4) (230.0) (580.9)
Income tax benefit 1.8 — —
Minority interest 1.0 (1.0) —
Loss from continuing operations (340.6) (231.0) (580.9)
Discontinued operations
Income from discontinued operations before income taxes — 5.7 19.1
Income tax expense — (0.2) (0.7)
Gain on disposal of assets — 659.1 —
Income from discontinued operations — 664.6 18.4
Cumulative effect of changes in accounting principle (31.7) — —
Net (loss) income £ (372.3) £ 433.6 £ (562.5)
See accompanying notes.
F−65
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007