Virgin Media 2008 Annual Report Download - page 167
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VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
(in millions, except share data)
Accumulated Other Comprehensive
Income (Loss)
Share Capital Net
£0.001 Additional Comprehensive Foreign Pension (Losses)
Par Value Paid-In Income Currency Liability Gains On Accumulated
Shares Par Capital (Loss) Translation Adjustments Derivatives Deficit Total
Balance, December 31, 2005 .... 121,006 — £1,399.9 — £(18.2) £ (0.8) £ (627.2) £ (753.7)
Issuance of stock for acquisition
of Telewest ............. 84,352 — 2,420.6 — — — — 2,420.6
Issuance of stock for acquisition
of Virgin Mobile .......... 19,194 — 550.8 — — — — 550.8
Adjustment to initially apply
FAS 158............... — — — — (9.4) — — (9.4)
Comprehensive loss:
Net loss for the year ended
December 31, 2006 ........ — — — £(372.3) — — — (372.3) (372.3)
Currency translation adjustment . — — — — — — — — —
Net losses on derivatives, net of
tax .................. — — — (49.8) — — (49.8) — (49.8)
Reclassification of derivative gains
to net income, net of tax .... — — — 34.6 — — 34.6 — 34.6
Pension liability adjustment, net
of tax................. — — — 7.6 — 7.6 — — 7.6
£(379.9)
Balance, December 31, 2006 .... 224,552 — £4,371.3 — £(20.0) £ (16.0) £ (999.5) £3,335.8
Net loss for the year ended
December 31, 2007 ........ — — — £(467.3) — — — (467.3) (467.3)
Currency translation adjustment . — — — — — — — — —
Net losses on derivatives, net of
tax .................. — — — 53.8 — — 53.8 — 53.8
Reclassification of derivative gains
to net income, net of tax .... — — — (20.4) — — (20.4) — (20.4)
Pension liability adjustment, net
of tax................. — — — 19.8 — 19.8 — — 19.8
£(414.1)
Balance, December 31, 2007 .... 224,552 — £4,371.3 — £ (0.2) £ 17.4 £(1,466.8) £2,921.7
Net loss for the year ended
December 31, 2007 ........ — — — £(972.7) — — — (972.7) (972.7)
Currency translation adjustment . — — — 0.4 0.4 — — — 0.4
Net losses 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)
£(980.9)
Balance, December 31, 2008 .... 224,552 — £4,371.3 £0.4 £(31.5) £ 40.1 £(2,439.5) £1,940.8
See accompanying notes.
F-73