Virgin Media 2007 Annual Report Download - page 82

Item 8. Financial Statements and Supplementary Data
Our consolidated financial statements, the notes thereto and the report of the independent
auditors begin on page F-1 of this annual report and are incorporated in this annual report by
reference. The following is a summary of the unaudited selected quarterly results of operations for the
years ended December 31, 2007 and 2006 (in millions, except per share data):
2007
Three months ended
March 31, June 30, September 30, December 31,
(unaudited)
Statement of Operations Data:
Revenue .................................. £1,021.9 £ 995.0 £1,006.2 £1,050.6
Operating (loss) income ....................... (15.3) 3.0 46.7 (17.8)
Net loss ................................... (120.3) (119.0) (61.0) (163.2)
Basic and diluted loss per share ................. £ (0.37) £ (0.37) £ (0.19) £ (0.50)
2006
Three months ended
March 31, June 30, September 30, December 31,
(unaudited)
Statement of Operations Data:
Revenue .................................. £611.4 £ 884.3 £ 1,024.9 £ 1,081.6
Operating income (loss) ...................... 3.9 6.3 (9.6) 9.2
Net loss .................................. (119.9) (195.8) (96.1) (122.1)
Loss from continuing operations ................ (121.1) (195.8) (104.2) (88.1)
Basic and diluted loss from continuing operations per
share .................................. £ (0.49) £ (0.68) £ (0.32) £ (0.27)
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
(a) Disclosure Controls and Procedures
Our management, with the participation of our chief executive officer and chief financial officer,
has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in
Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, which we refer
to as the Exchange Act) as of the end of the period covered by this report. Based on this evaluation,
our chief executive officer and chief financial officer have concluded that, as of the end of such period,
these controls and procedures are effective to ensure that information required to be disclosed by the
registrant in the reports the registrant files or submits under the Exchange Act is recorded, processed,
summarized, and reported within the time periods specified in the Securities and Exchange
Commission’s rules and forms. These disclosure controls and procedures include, without limitation,
controls and procedures designed to ensure that information required to be disclosed by the registrant
in the reports that it files or submits is accumulated and communicated to the registrant’s management,
including our chief executive officer and chief financial officer, as appropriate to allow timely decisions
regarding required disclosure.
(b) Management’s Annual Report on Internal Control Over Financial Reporting for Virgin Media Inc.
Our management is responsible for establishing and maintaining adequate internal control over
our financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). Our internal control
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