Virgin Media 2008 Annual Report Download - page 100

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VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in millions)
Accumulated Other
Comprehensive Income (Loss)
Net
Common Additional Comprehensive Foreign Pension (Losses)
Stock $.01 Paid-In Treasury Income Currency Liability Gains on Accumulated
Par Value Capital Stock (Loss) Translation Adjustments Derivatives Deficit Total
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
Exercise of stock options and tax
effect ................... — 0.6 — — — — — 0.6
Stock compensation costs ........ — 16.6 — — — — — 16.6
Dividends paid ............... — — — — — — (29.3) (29.3)
Comprehensive loss:
Net loss for the year ended
December 31, 2008 ........... — — — £(913.8) — — — (913.8) (913.8)
Currency translation adjustment . . . . — — — 2.1 2.1 — — — 2.1
Net gains on derivatives, net of tax . . — — — 147.8 — — 147.8 — 147.8
Reclassification of derivative gains to
net income, net of tax ......... — — — (125.1) — — (125.1) — (125.1)
Pension liability adjustment, net of
tax..................... — — — (31.3) — (31.3) — — (31.3)
Balance, December 31, 2008 ....... £1.8 £4,353.1 £ — £(920.3) £133.5 £(31.5) £ 40.1 £(2,618.9) £1,878.1
See accompanying notes.
F-6