Virgin Media 2006 Annual Report Download - page 8

• NTL Cable PLC, the issuer of our public bonds, to Virgin Media Finance PLC;
• NTL Group Limited, a principal operating subsidiary, to Virgin Media Limited;
• Flextech Television Limited, our content subsidiary, to Virgin Media Television Limited;
• NTL Communications Limited to Virgin Media Communications Limited; and
• NTL Holdings Inc. to Virgin Media Holdings Inc.
For the purposes of this annual report, the new names will be used where applicable. In this annual report, unless we have
indicated otherwise, or the context otherwise requires, references to:
• “Virgin Media,” “the Company,” “we,” “us,” “our” and similar terms refer to Virgin Media Inc. and its subsidiaries (which
include Telewest Global, Inc., or Telewest, and its subsidiaries and Virgin Mobile and its subsidiaries);
• “NTL” refers to NTL Incorporated and its subsidiaries as they existed prior to the name change to Virgin Media Inc. and prior
to the merger with Telewest refers to Virgin Media Holdings Inc. (which was formerly known as NTL Incorporated before the
merger); and
• “Telewest” refers to Telewest Global, Inc. and its subsidiaries as they existed prior to the merger with NTL in March 2006.
Note Concerning VMIH
This annual report on Form 10−K (excepting financial statements responsive to Part IV, Item 15) covers both Virgin Media Inc. and Virgin Media
Investment Holdings Limited (“VMIH’’), an English company with an address at 160 Great Portland Street, London, W1W 5QA, United Kingdom, that is a
wholly−owned subsidiary of Virgin Media Finance plc and a wholly−owned indirect subsidiary of Virgin Media Inc. VMIH is not an accelerated filer. VMIH is
one of the guarantors of Virgin Media Finance PLC’s 9.75% senior notes due 2014 (sterling denominated), 8.75% senior notes due 2014 (euro denominated),
8.75% senior notes due 2014 (U.S. dollar denominated), and 9.125% senior notes due 2016 (U.S. dollar denominated). VMIH’s guarantee of those notes is not
deemed to be unconditional.
VMIH carries on the same business as Virgin Media Inc., and is the principal borrower under Virgin Media Inc.’s senior credit facility. In this annual
report, unless the context otherwise requires, the terms “Virgin Media,” “the “Company,” “we,” “us,” “our” and similar terms refer to the consolidated business
of Virgin Media Inc., including VMIH and its subsidiaries. Unless otherwise indicated, the discussion contained in this report applies to VMIH as well as Virgin
Media Inc.
Note Concerning Financial Information and Currency of Financial Statements
All of the financial statements included in this annual report have been prepared in accordance with accounting principles generally accepted in the United
States, or GAAP. The reporting currency of our consolidated financial statements is U.K pounds sterling.
Note Concerning Historical Structure of the Company
Virgin Media Inc. (formerly known as NTL Incorporated) is a Delaware corporation and is publicly traded on the Nasdaq
National Market in the United States. Our historical structure is as follows:
NTL Incorporated was incorporated in 1993 as a Delaware corporation and continued as a publicly traded holding company until
February 1999. From February 1999 until January 10, 2003, NTL was a wholly−owned subsidiary of NTL (Delaware), Inc., a
Delaware corporation, referred to in this annual report as NTL Delaware, which was incorporated in February 1999 in order to effect a
reorganization into
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Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007