Virgin Media 2007 Annual Report Download - page 147

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VIRGIN MEDIA INC.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENT OF OPERATIONS
(in millions)
Year ended December 31,
2007 2006 2005
Costs and expenses
General and administrative expenses ........................... £ (3.9) £ (22.8) £ (17.4)
Other charges ............................................ (0.3) — 0.3
Operating loss ........................................... (4.2) (22.8) (17.1)
Other income (expense)
Interest income and other, net ................................ 0.6 0.7 17.4
Interest expense .......................................... — — (2.8)
Foreign currency transaction gains ............................. 2.3 35.4
(Loss) income before income taxes and equity in net loss of subsidiaries . (3.6) (19.8) 32.9
Income tax (expense) benefit ................................. (0.1) — 1.3
Cumulative effect of change in accounting principle ................ (0.2) —
(Loss) income before equity in net loss of subsidiaries .............. (3.7) (20.0) 34.2
Dividend received ......................................... — — 523.8
Equity in net loss of subsidiaries .............................. (459.8) (513.9) (137.0)
Net (loss) income ......................................... £(463.5) £(533.9) £ 421.0
See accompanying notes.
F-61