Virgin Media 2007 Annual Report Download - page 80

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The following table provides information as of December 31, 2007 about our long term fixed and
variable interest rate debt that are sensitive to changes in interest rates and foreign currency exchange
rates (in millions).
Fair Value
Year ended December 31, December 31,
2008 2009 2010 2011 2012 Thereafter Total 2007
Long term debt (including
current portion)
U.S. Dollars
Fixed rate ...........—————$425.0 $ 425.0 $ 418.6
Average interest rate .... 8.75%
Average forward exchange
rate ............. 0.53
Pounds Sterling
Fixed rate ...........—————£375.0 £ 375.0 £ 358.6
Average interest rate .... 9.75%
Euros
Fixed rate ...........—————A225.0 A225.0 A218.8
Average interest rate .... 8.75%
Average forward exchange
rate ............. 0.72
U.S. Dollars
Fixed rate ...........—————$550.0 $ 550.0 $ 541.8
Average interest rate .... 9.125%
Average forward exchange
rate ............. 0.52
Pounds Sterling
Variable Rate ........ — £265.1 £1,105.9 £966.0 £2,167.8 £300.0 £4,804.8 £4,804.8
Average interest rate .... LIBOR LIBOR LIBOR LIBOR LIBOR LIBOR
plus plus plus plus plus plus
1.25-2.25% 1.25-2.25% 1.25-2.25% 1.25-2.25% 2.00-2.13% 2.75%
Currency swap agreements
related to long term
debt
Receipt of U.S. Dollars
Notional amount ..... — $425.0 — — $650.0 $550.0 $1,625.0 £ (82.9)
Average contract
exchange rate ..... 0.60 0.54 0.55
Average sterling LIBOR
interest rate paid . . . 9.42% plus 2.11% 8.54%
Receipt of Euros
Notional amount ..... — A225.0 — — A500.0 — A725.0 £ 28.9
Average contract
exchange rate ..... 0.69 0.69
Average sterling LIBOR
interest rate paid . . . 10.26% plus 2.16%
Interest rate derivative
financial instruments
related to long term
debt
Sterling Interest Rate Swaps
Notional amount ..... — £3,184.0 — — — — £3,184.0 £ 15.4
Average sterling interest
rate paid ........ 5.25%
Sterling interest rate
received ......... LIBOR
78