Virgin Media 2006 Annual Report Download - page 160
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VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
6. Fixed Assets
Fixed assets consist of (in millions):
Estimated December 31,
Useful Life 2006 2005
Operating equipment
Cable distribution plant 8−30 years £ 5,400.3 £ 3,038.7
Switches and headends 8−10 years 673.6 299.0
Customer premises equipment 5−10 years 1,319.7 862.6
Other operating equipment 8−20 years 62.1 62.1
Total operating equipment 7,455.7 4,262.4
Other equipment
Land — 13.2 4.1
Buildings 30 years 114.1 60.3
Leasehold improvements 20 years or, if less, the
lease term 64.7 61.5
Computer infrastructure 3−5 years 278.6 252.2
Other equipment 5−12 years 167.1 60.9
Total other equipment 637.7 439.0
8,093.4 4,701.4
Accumulated depreciation (2,373.3) (1,683.4)
5,720.1 3,018.0
Construction in progress 143.8 96.3
£ 5,863.9 £ 3,114.3
7. Leases
A summary of assets held under capital leases is as follows (in millions):
December 31,
2006 2005
Cable distribution plant £ 30.1 £ 30.1
Switches and headends 41.5 2.5
Motor vehicles 13.4 —
Computer equipment 74.3 —
159.3 32.6
Less: accumulated depreciation (87.1) (10.6)
£ 72.2 £ 22.0
Depreciation of assets held under capital leases is included within depreciation expense.
F−81
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007