Virgin Media 2007 Annual Report Download - page 92

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VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
(in millions)
Accumulated Other Comprehensive
Income (Loss)
Net
Common Additional Foreign Pension (Losses)
Stock $.01 Paid-In Treasury Comprehensive Currency Liability Gains on Accumulated
Par Value Capital Stock Income (Loss) Translation Adjustments Derivatives Deficit Total
Balance, December 31, 2004 . . £1.2 £2,652.3 £ — £ 16.8 £ (2.1) £(24.0) £(1,069.7) £1,574.5
Exercise of stock options and
tax effect . . . . . . . . . . . . — 8.9 — — — — — 8.9
Purchase of shares . . . . . . . . — — (114.0) — — — — (114.0)
Stock compensation costs . . . . — 9.8 — — — — — 9.8
Comprehensive income:
Net income for the year ended
December 31, 2005 . . . . . . — — — £ 421.0 — — — 421.0 421.0
Currency translation
adjustment . . . . . . . . . . . — — — 47.7 47.7 — — — 47.7
Net gains on derivatives, net of
tax . . . . . . . . . . . . . . . . — — — 23.2 — — 23.2 — 23.2
Pension liability adjustment,
net of tax . . . . . . . . . . . . — — — (16.1) — (16.1) — — (16.1)
Balance, December 31, 2005 . . £1.2 £2,671.0 £(114.0) £ 475.8 £ 64.5 £(18.2) £ (0.8) £ (648.7) £1,955.0
Exercise of stock options and
tax effect . . . . . . . . . . . . — 38.7 — — — — — 38.7
Cancellation of treasury stock . — (114.0) 114.0 — — — — —
Issuance of stock for
acquisition of Telewest . . . . 0.4 1,151.5 — — — — — 1,151.9
Issuance of stock for
acquisition of Virgin Mobile . 0.2 518.5 — — — — — 518.7
Stock compensation costs . . . . — 37.7 — — — — — 37.7
Dividends paid . . . . . . . . . . — — — — — — (8.5) (8.5)
Comprehensive loss:
Net loss for the year ended
December 31, 2006 . . . . . . — — — £(533.9) — — — (533.9) (533.9)
Currency translation
adjustment . . . . . . . . . . . — — — 67.1 67.1 — — — 67.1
Net losses on derivatives, net
of tax . . . . . . . . . . . . . . — — — (49.8) — — (49.8) — (49.8)
Reclassification of derivative
losses to net income, net of
tax . . . . . . . . . . . . . . . . — — — 55.0 — — 55.0 — 55.0
Pension liability adjustment,
net of tax . . . . . . . . . . . . — — — 7.6 — 7.6 — — 7.6
Adjustment to initially apply
FAS 158 . . . . . . . . . . . . . — — — — — (9.4) — — (9.4)
Balance, December 31, 2006 . . £1.8 £4,303.4 £ — £(454.0) £131.6 £(20.0) £ 4.4 £(1,191.1) £3,230.1
Exercise of stock options and
tax effect . . . . . . . . . . . . — 17.6 — — — — — 17.6
Stock compensation costs . . . . — 14.9 — — — — — 14.9
Dividends paid . . . . . . . . . . — — — — — — (21.2) (21.2)
Comprehensive loss:
Net loss for the year ended
December 31, 2007 . . . . . . — — — £(463.5) — — — (463.5) (463.5)
Currency translation
adjustment . . . . . . . . . . . — — — (0.2) (0.2) — — — (0.2)
Net gains on derivatives, net of
tax . . . . . . . . . . . . . . . . — — — 53.8 — — 53.8 — 53.8
Reclassification of derivative
gains to net income, net of
tax . . . . . . . . . . . . . . . . (40.8) (40.8) (40.8)
Pension liability adjustment,
net of tax . . . . . . . . . . . . — — — 19.8 — 19.8 — — 19.8
Balance, December 31, 2007 . . £1.8 £4,335.9 £ — £(430.9) £131.4 £ (0.2) £ 17.4 £(1,675.8) £2,810.5
See accompanying notes.
F-6