Virgin Media 2007 Annual Report Download - page 128
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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
14. Other Charges Including Restructuring Charges (Continued)
The following tables summarize our historical restructuring accruals incurred and utilized in 2005,
2006 and 2007, and the restructuring accruals resulting from the acquisitions during 2006 (in millions):
Involuntary
Employee
Termination Lease
and Related Exit Agreement
Historical Restructuring Accruals Costs Costs Modifications Other Total
Balance, December 31, 2004 .................. £1.7 £28.4 £ 0.2 £ — £ 30.3
Revisions .............................. — — (0.2) (0.4) (0.6)
Charged to expense ...................... 0.8 24.2 — 0.4 25.4
Utilized ............................... (2.5) (7.3) — — (9.8)
Balance, December 31, 2005 .................. — 45.3 — — 45.3
Revisions .............................. — — — — —
Charged to expense ...................... — 4.0 — — 4.0
Utilized ............................... — (5.9) — — (5.9)
Balance, December 31, 2006 .................. — 43.4 — — 43.4
Revisions .............................. — (0.1) — — (0.1)
Charged to expense ...................... — 3.6 — — 3.6
Utilized ............................... — (11.0) — — (11.0)
Balance, December 31, 2007 .................. £ — £35.9 £ — £ — £ 35.9
Involuntary
Employee
Termination Lease
and Related Exit Agreement
Acquisition Restructuring Accruals Costs Costs Modifications Other Total
Balance, December 31, 2005 .................. £ — £ — £ — £ — £ —
Accruals resulting from business acquisition
recognized under EITF 95-3 .............. 43.2 45.9 — — 89.1
Charged to expense ...................... 40.3 22.7 — — 63.0
Utilized ............................... (64.8) (3.9) — — (68.7)
Balance, December 31, 2006 .................. 18.7 64.7 — — 83.4
Amendments offset against goodwill .......... — (11.3) — — (11.3)
Revisions .............................. — (8.2) — — (8.2)
Charged to expense ...................... 27.9 5.5 — — 33.4
Utilized ............................... (34.0) (9.6) — — (43.6)
Balance, December 31, 2007 .................. £ 12.6 £ 41.1 £ — £ — £ 53.7
F-42