Virgin Media 2006 Annual Report Download - page 83

VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions)
December 31,
2006 2005
Assets
Current assets
Cash and cash equivalents £ 418.5 £ 735.2
Restricted cash 6.0 3.4
Marketable securities — 96.9
Accounts receivable—trade, less allowance for doubtful accounts of
£51.8 (2006) and £41.7 (2005) 461.2 191.8
Inventory 65.3 —
Prepaid expenses and other current assets 87.4 112.4
Total current assets 1,038.4 1,139.7
Fixed assets, net 6,026.3 3,294.9
Goodwill and other indefinite−lived intangible assets 2,516.5 193.0
Intangible assets, net 1,120.5 250.0
Equity investments 371.5 —
Other assets, net of accumulated amortization of £21.8 (2006) and £32.2
(2005) 170.3 110.9
Total assets £ 11,243.5 £ 4,988.5
Liabilities and shareholders’ equity
Current liabilities
Accounts payable £ 379.6 £ 176.9
Accrued expenses and other current liabilities 485.5 202.3
VAT and employee taxes payable 82.8 43.5
Restructuring liabilities 126.8 45.3
Interest payable 158.2 37.8
Deferred revenue 268.0 103.2
Current portion of long term debt 141.9 0.8
Total current liabilities 1,642.8 609.8
Long term debt, net of current portion 6,017.2 2,279.2
Deferred revenue and other long term liabilities 276.2 134.3
Deferred income taxes 77.2 9.2
Total liabilities 8,013.4 3,032.5
Commitments and contingent liabilities
Minority interest — 1.0
Shareholders’ equity
Common stock—$.01 par value; authorized 1,000.0 and 1,000.0 (2006 and
2005) shares; issued 326.4 (2006) and 212.9 (2005) and outstanding
323.9 (2006) and 212.8 (2005) shares 1.8 1.2
Additional paid−in capital 4,303.4 2,671.0
Treasury stock — (114.0)
Accumulated other comprehensive income 116.0 45.5
Accumulated deficit (1,191.1) (648.7)
Total shareholders’ equity 3,230.1 1,955.0
Total liabilities and shareholders’ equity £ 11,243.5 £ 4,988.5
See accompanying notes.
F−3
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007