Virgin Media 2006 Annual Report Download - page 170

VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
13. Employee Benefit Plans (Continued)
The funded status as of December 31, 2006, was as follows (in millions):
Projected benefit obligation £ 339.8
Plan assets 298.1
Funded status (41.7)
Current liability —
Non− current liability £ (41.7)
The accumulated benefit obligation for all defined benefit plans was £330.3 million and £324.7 million at December 31, 2006
and 2005, respectively.
Amount included in other comprehensive income:
The amount included in other comprehensive income for the year ended December 31, 2006 consists of (in millions):
Actuarial gain recognized in other comprehensive income £ (6.5)
Prior year service cost recognized in other comprehensive income —
Less actuarial loss recognized (1.1)
Less prior year service cost recognized —
Less transitional obligation recognized —
Amount included in other comprehensive income £ (7.6)
The following table presents the amounts recognized in accumulated other comprehensive income as at December 31, 2006 that
have not yet been recognized as components of net periodic benefit cost (in millions):
Net actuarial loss £ 10.5
Net prior year service cost 0.1
Net transition obligation —
Adjustment to initially adopt FASB Statement 158 9.4
Amount included in accumulated other comprehensive income £ 20.0
None of these amounts are expected to be recognized in the net periodic benefit cost in 2007.
The following table presents information for pension plans with an accumulated benefit obligation in excess of plan assets (in
millions):
December 31,
2006 2005
Accumulated benefit obligation £ 330.3 £ 321.7
Fair value of plan assets 298.1 284.5
F−91
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007