Virgin Media 2007 Annual Report Download - page 141

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
20. Condensed Consolidated Financial Information (Continued)
Year ended December 31, 2006
Virgin
Media Other All other
Statement of operations Company Finance guarantors VMIH subsidiaries Adjustments Total
(in millions)
Revenue .................... £ — £ — £ — £ — £3,602.2 £ — £ 3,602.2
Operating costs ............... — — — — (1,572.8) — (1,572.8)
Selling, general and administrative
expenses .................. (22.8) — (15.8) — (868.3) — (906.9)
Other charges ................ — — — — (67.0) — (67.0)
Depreciation and amortization . . . . — — — — (1,045.7) — (1,045.7)
Operating income (loss) ........ (22.8) — (15.8) — 48.4 — 9.8
Interest income and other, net .... 0.7 95.0 34.2 192.4 (154.8) (132.8) 34.7
Interest expense .............. — (93.7) (83.6) (282.1) (130.8) 132.8 (457.4)
Loss on extinguishment of debt . . . — — — (32.8) — — (32.8)
Share of income from equity
investments ................ — — — — 12.5 — 12.5
Gains (loss) on derivative
instruments ................ — — — 2.0 (0.7) — 1.3
Foreign currency gains (losses) . . . 2.3 (5.4) (98.0) (35.5) 46.5 — (90.1)
Minority interest income ........ — — — — 1.0 — 1.0
Income tax benefit ............ — — 9.1 — 2.7 — 11.8
Loss from continuing operations . . (19.8) (4.1) (154.1) (156.0) (175.2) — (509.2)
Income from discontinued
operations ................. — — 7.9 — — — 7.9
Cumulative effect of changes in
accounting principle .......... (0.2) — — — (32.4) — (32.6)
Equity in net loss of subsidiaries . . (513.9) (372.3) (368.0) (216.3) — 1,470.5 —
Net loss .................... £(533.9) £(376.4) £(514.2) £(372.3) £ (207.6) £1,470.5 £ (533.9)
F-55