Virgin Media 2007 Annual Report Download - page 152

VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions, except share data)
December 31,
2007 2006
Assets
Current assets
Cash and cash equivalents ....................................... £ 310.0 £ 384.0
Restricted cash ............................................... 5.4 5.2
Accounts receivable—trade, less allowance for doubtful accounts of £17.1 (2007)
and £49.4 (2006) ............................................ 451.0 454.9
Inventory ................................................... 75.4 65.3
Prepaid expenses and other current assets ............................ 94.4 89.2
Total current assets ........................................... 936.2 998.6
Fixed assets, net ................................................ 5,510.3 5,863.9
Goodwill and other indefinite-lived intangible assets ...................... 2,495.3 2,521.4
Intangible assets, net ............................................. 814.3 1,110.3
Equity investments .............................................. 368.7 371.5
Other assets, net of accumulated amortization of £45.0 (2007) and £21.8 (2006) . . . 183.6 170.3
Due from group companies ........................................ 637.4 650.3
Total assets ................................................... £10,945.8 £11,686.3
Liabilities and shareholders’ equity
Current liabilities
Accounts payable .............................................. £ 372.9 £ 379.5
Accrued expenses and other current liabilities ......................... 407.4 474.8
VAT and employee taxes payable .................................. 81.2 86.2
Restructuring liabilities ......................................... 84.8 124.5
Interest payable ............................................... 148.2 132.6
Interest payable to group companies ................................ 77.6 63.9
Deferred revenue ............................................. 240.3 258.0
Current portion of long term debt ................................. 29.1 141.9
Total current liabilities ........................................ 1,441.5 1,661.4
Long term debt, net of current portion ................................ 4,897.4 4,992.8
Long term debt due to group companies ............................... 1,367.1 1,353.1
Deferred revenue and other long term liabilities ......................... 237.1 266.2
Deferred income taxes ........................................... 81.0 77.0
Total liabilities ................................................. 8,024.1 8,350.5
Commitments and contingent liabilities
Shareholders’ equity
Share capital—£0.001 par value; authorized 1,000,000 ordinary shares (2007 and
2006); issued and outstanding 224,552 ordinary shares (2007 and 2006) ...... — —
Additional paid-in capital ........................................ 4,371.3 4,371.3
Accumulated other comprehensive income (loss) ....................... 17.2 (36.0)
Accumulated deficit ............................................ (1,466.8) (999.5)
Total shareholders’ equity ...................................... 2,921.7 3,335.8
Total liabilities and shareholders’ equity ............................... £10,945.8 £11,686.3
See accompanying notes.
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