Virgin Media 2007 Annual Report Download - page 83

over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of Virgin Media Inc.’s financial statements for external
reporting purposes in accordance with U.S. generally accepted accounting principles. Because of its
inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
Under the supervision and with the participation of our management, including our chief executive
officer and chief financial officer, we conducted an evaluation of the effectiveness of our internal
control over financial reporting as of December 31, 2007 based on the framework described in
‘‘Internal Control—Integrated Framework’’ issued by the Committee of Sponsoring Organizations of
the Treadway Commission (COSO). Based on our evaluation under the COSO framework, our
management has concluded, and hereby reports, that our internal control over financial reporting was
effective as of December 31, 2007. This annual report includes an attestation report of Ernst &
Young LLP, our registered public accounting firm, on the effectiveness of internal control over financial
reporting of Virgin Media Inc.
(c) Management’s Annual Report on Internal Control Over Financial Reporting for Virgin Media
Investment Holdings Limited
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
over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of the Virgin Media Investment Holdings Limited’s financial
statements for external reporting purposes in accordance with U.S. generally accepted accounting
principles. Because of its inherent limitations, internal control over financial reporting may not prevent
or detect misstatements.
Under the supervision and with the participation of our management, including our chief executive
officer and chief financial officer, we conducted an evaluation of the effectiveness of our internal
control over financial reporting as of December 31, 2007 based on the framework described in
‘‘Internal Control—Integrated Framework’’ issued by the Committee of Sponsoring Organizations of
the Treadway Commission (COSO). Based on our evaluation under the COSO framework, our
management has concluded, and hereby reports, that VMIH’s internal control over financial reporting
was effective as of December 31, 2007.
This annual report does not include an attestation report of Ernst & Young LLP, our registered
public accounting firm, on the effectiveness of the internal control over financial reporting of VMIH
pursuant to temporary rules of the Securities and Exchange Commission that require VMIH to provide
only a management’s report in this annual report.
(d) Changes in Internal Control Over Financial Reporting
On March 3, 2006, we completed the reverse acquisition of Telewest and on July 4, 2006, we
completed the acquisition of Virgin Mobile. As a consequence of our integration of these acquisitions,
we have made and expect to make further material changes to our internal control over financial
reporting. Other than as stated above, there were no changes in our internal control over financial
reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the
fourth fiscal quarter that have materially affected, or are reasonably likely to materially affect, our
internal control over financial reporting.
(e) Attestation Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders of Virgin Media Inc.
We have audited Virgin Media Inc.’s internal control over financial reporting as of December 31,
2007, based on criteria established in Internal Control—Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway Commission (the COSO criteria). Virgin Media Inc.’s
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