Virgin Media 2007 Annual Report Download - page 184
Download and view the complete annual report
Please find page 184 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)
12. Employee Benefit Plans (Continued)
There were no directly owned shares of Virgin Media’s common stock included in the equity
securities at December 31, 2007 or 2006.
Cash Flows
We expect to contribute a total of £13.5 million to our defined benefit pension plans during 2008.
Estimated Future Benefit Payments
The benefits expected to be paid out of the pension plans in total are set out below for each of
the next five years and the following five years in aggregate. The benefits expected to be paid are based
on the same assumptions used to measure our benefit obligation at December 31, 2007 and include
estimated future employee services (in millions):
Pension
Benefits
2008 .................................................................. £12.0
2009 .................................................................. 13.0
2010 .................................................................. 14.1
2011 .................................................................. 15.3
2012 .................................................................. 16.6
Years 2013–2017 ......................................................... 106.3
Defined Contribution Pension Plans
Our subsidiaries operate defined contribution pension plans in the U.K. The total expense in
relation to these plans was £15.3 million, £12.4 million and £9.2 million for the years ended
December 31, 2007, 2006 and 2005, respectively.
13. Other Charges Including Restructuring Charges
Other charges in 2007 and 2006 of £27.2 million and £62.2 million, respectively, related mainly to
employee termination and lease exit costs as a result of our acquisition-related restructuring programs.
Other charges in 2005 of £23.7 million related mainly to changes in cash flow estimates with respect to
lease exit costs in connection with properties that had been vacated during our historical restructuring
activities. On April 7, 2004, we announced the consolidation over 18 months of our 13 U.K. customer
service call centers into three equipped to handle anticipated expansion of our customer base.
Following an internal review, three specialist call centers were retained and are supported by four sales
and customer support sites, located throughout the U.K. As part of the consolidation, we made
additional investments in technology and training in order to streamline processes and generate
efficiencies. This program was completed as of December 31, 2005 at a total cost of £23.7 million.
F-98