Virgin Media 2007 Annual Report Download - page 171
Download and view the complete annual report
Please find page 171 of the 2007 Virgin Media annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161 -
162 -
163 -
164 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176 -
177 -
178 -
179 -
180 -
181 -
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
 |
 |
VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
7. Goodwill and Intangible Assets
Goodwill and intangible assets consist of (in millions):
December 31,
Estimated
Useful Life 2007 2006
Goodwill and intangible assets not subject to amortization:
Goodwill ........................................... £2,325.6 £2,351.7
Reorganization value in excess of amounts allocable to identifiable
assets ............................................ 153.2 153.2
Trade names ........................................ 16.5 16.5
£2,495.3 £2,521.4
Intangible assets subject to amortization:
Cost
Contractual relationships ................................ 2–3 years £ 6.0 £ 6.0
Trade names and licenses ............................... 1–9 years 49.5 50.7
Customer lists ....................................... 3–6 years 1,555.4 1,560.7
Software and other intangible assets ....................... 1–3 years 27.9 22.1
1,638.8 1,639.5
Accumulated amortization
Contractual relationships ................................ 3.3 1.1
Trade names and licenses ............................... 22.3 10.4
Customer lists ....................................... 783.3 512.1
Software and other intangible assets ....................... 15.6 5.6
824.5 529.2
£ 814.3 £1,110.3
In accordance with our policy, we review the estimated useful lives of our intangible assets on an
ongoing basis. As a result of our review, effective January 1, 2008, we reduced our estimates of the
remaining useful lives of certain intangible customer lists to better reflect the estimated periods over
which these assets will provide benefit. The effect of this change in estimate will be to increase the
amortization expense of these assets in 2008 by £57.5 million compared to 2007.
Estimated aggregate amortization expense for each of the five succeeding fiscal years from
December 31, 2007 is as follows: £292.2 million in 2008, £247.5 million in 2009, £151.9 million in 2010,
£119.5 million in 2011 and £1.0 million in 2012.
F-85