Virgin Media 2006 Annual Report Download - page 86

VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
(in millions)
Accumulated Other
Comprehensive Income (Loss)
Common
Stock $.01
Par Value
Additional
Paid−In
Capital Treasury Stock
Comprehensive
Income
(Loss)
Foreign
Currency
Translation
Pension
Liability
Adjustments
Net
Unrealized
(Losses)
Gains on
Derivatives Accumulated (Deficit) Total
Balance, December 31, 2003 £ 1.2 £ 2,632.1 £ — 20.5 (0.4) — (584.8) 2,068.6
Exercise of stock options — 4.4 — — — — — 4.4
Repurchase of restricted stock — (1.0) — — — — — (1.0)
Stock compensation costs — 16.8 — — — — — 16.8
Comprehensive loss:
Net loss for the year ended
December 31, 2004 — — — £ (484.9) — — — (484.9) (484.9)
Currency translation adjustment — — — (3.7) (3.7) — — — (3.7)
Net unrealized losses on derivative
instruments — — — (24.0) — — (24.0) — (24.0)
Pension liability adjustment — — — (1.7) — (1.7) — — (1.7)
Balance, December 31, 2004 £ 1.2 £ 2,652.3 £ — £ (514.3) 16.8 (2.1) (24.0) (1,069.7) 1,574.5
Exercise of stock options and tax
effect — 8.9 — — — — — 8.9
Purchase of shares — — (114.0) — — — — (114.0)
Stock compensation costs — 9.8 — — — — — 9.8
Comprehensive income:
Net income for the year ended
December 31, 2005 — — — £ 421.0 — — — 421.0 421.0
Currency translation adjustment — — — 47.7 47.7 — — — 47.7
Net unrealized gains on derivatives — — — 23.2 — — 23.2 — 23.2
Pension liability adjustment — — — (16.1) — (16.1) — — (16.1)
Balance, December 31, 2005 £ 1.2 £ 2,671.0 £ (114.0) £ 475.8 £ 64.5 £ (18.2) £ (0.8) £ (648.7) £ 1,955.0
Exercise of stock options and tax
effect — 38.7 — — — — — 38.7
Cancellation of treasury stock — (114.0) 114.0 — — — — —
Issuance of stock for acquisition of
Telewest 0.4 1,151.5 — — — — — 1,151.9
Issuance of stock for acquisition of
Virgin Mobile 0.2 518.5 — — — — — 518.7
Stock compensation costs — 37.7 — — — — — 37.7
Dividends paid — — — — — — (8.5) (8.5)
Comprehensive loss:
Net loss for the year ended
December 31, 2006 — — — £ (533.9) — — — (533.9) (533.9)
Currency translation adjustment — — — 67.1 67.1 — — — 67.1
Net unrealized gains on derivatives — — — 5.2 — — 5.2 — 5.2
Pension liability adjustment — — — 7.6 — 7.6 — — 7.6
Adjustment to initially apply FAS
158 — — — — — (9.4) — — (9.4)
Balance, December 31, 2006 £ 1.8 £ 4,303.4 £ — £ (454.0) £ 131.6 £ (20.0) £ 4.4 £ (1,191.1) £ 3,230.1
See accompanying notes.
F−6
Source: VIRGIN MEDIA INVESTM, 10−K, March 01, 2007