Virgin Media 2006 Annual Report Download - page 77

Item 8. Financial Statements and Supplementary Data
Our consolidated financial statements, the notes thereto and the report of the independent auditors are on pages F−1 to F−101 of
this annual report and are incorporated herein by reference. The following is a summary of the unaudited selected quarterly results of
operations for the years ended December 31, 2006 and 2005 (in millions, except per share data):
2006
Three months ended
March 31 June 30 September 30 December 31
(unaudited)
Statement of Operations Data:
Revenue £ 611.4 £ 884.3 £ 1,024.9 £ 1,081.6
Operating income (loss) 3.9 6.3 (9.6) 9.2
Net income (loss) (119.9) (195.8) (96.1) (122.1)
Loss from continuing operations (121.1) (195.8) (104.2) (88.1)
Basic and diluted loss from continuing
operations per share £ (0.49) £ (0.68) £ (0.32) £ (0.27)
2005
Three months ended
March 31 June 30 September 30 December 31
(unaudited)
Statement of Operations Data:
Revenue £ 497.8 £ 482.5 £ 482.7 £ 484.6
Operating income (loss) 13.0 6.4 (4.7) (34.4)
Net income (loss) 455.8 73.5 (52.1) (56.2)
Loss from continuing operations (65.9) (66.1) (53.5) (56.2)
Basic and diluted loss from continuing
operations per share £ (0.30) £ (0.31) £ (0.25) £ (0.26)
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
(a) Disclosure Controls and Procedures
Our management, with the participation of our chief executive officer and chief financial officer, has evaluated the effectiveness
of our disclosure controls and procedures (as such term is defined in Rules 13a−15(e) and 15d−15(e) under the Securities Exchange
Act of 1934, as amended, which we refer to as the Exchange Act) as of the end of the period covered by this report. Based on such
evaluation, our chief executive officer and chief financial officer have concluded that, as of the end of such period, these controls and
procedures are effective to ensure that information required to be disclosed by the registrant in the reports the registrant files or
submits under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities
and Exchange Commission’s rules and forms. These disclosure controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed by the registrant in the reports that it files or submits is
accumulated and communicated to the registrant’s management, including our chief executive officer and chief financial officer, as
appropriate to allow timely decisions regarding required disclosure.
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Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007