Virgin Media 2008 Annual Report Download - page 116

Download and view the complete annual report

Please find page 116 of the 2008 Virgin Media annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 224

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 4—Acquisitions (Continued)
Pro Forma Results
The following pro forma financial information presents the combined results of operations of the
former NTL, Telewest and Virgin Mobile businesses as if the acquisitions of Telewest and Virgin
Mobile had occurred as of the beginning of the year presented (in millions, except per share data). The
unaudited pro forma financial information is not intended to represent or be indicative of the
consolidated results of operations or financial condition of Virgin Media that would have been reported
had the acquisitions been completed as of the dates presented, and should not be taken as
representative of the future consolidated results of operations or financial condition of Virgin Media.
2006
Pro Forma
(unaudited)
Revenue ............................................... £4,162.2
Operating income ......................................... 3.7
Loss from continuing operations before income taxes, minority interest
and cumulative effect of changes in accounting principle ........... (573.5)
Loss from continuing operations .............................. (570.9)
Income from discontinued operations .......................... 7.9
Cumulative effect of changes in accounting principle ............... (32.6)
Net loss ................................................ £(595.6)
Loss from continuing operations per share ....................... £ (1.95)
Net loss per share ........................................ £ (2.03)
The pro forma financial information above includes the following material, non-recurring charges
in the year ended December 31, 2006: write offs of historical deferred finance charges of £32.9 million;
acquisition-related charges of £16.3 million; and restructuring and other charges of £51.9 million.
F-22