Virgin Media 2008 Annual Report Download - page 181
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VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 5—Fixed Assets (Including Leases)
Fixed assets consist of (in millions):
December 31,
2008 2007
Under Under
Capital Capital
Useful Economic Life Total Leases Total Leases
Operating equipment
Cable distribution plant ............ 8–30 years £ 5,923.9 £ 28.8 £ 5,674.1 £ 30.1
Switches and headends ............. 8–10 years 740.9 29.4 673.0 37.9
Customer premises equipment ....... 5–10 years 1,062.5 — 994.5 —
Other operating equipment ......... 8–20 years 7.3 — 1.3 —
Total operating equipment .......... 7,734.6 58.2 7,342.9 68.0
Other equipment
Land.......................... — 13.2 — 13.2 —
Buildings ....................... 20 years 114.8 — 114.6 —
Leasehold improvements ........... 7 years or, if less,
the lease term 55.0 — 50.0 —
Computer infrastructure ............ 3–5 years 237.6 63.5 235.7 36.8
Other equipment ................. 5–12 years 274.6 108.0 263.4 36.8
Total other equipment ............. 695.2 171.5 676.9 73.6
8,429.8 229.7 8,019.8 141.6
Accumulated depreciation ............ (3,318.0) (70.6) (2,623.4) (43.3)
5,111.8 159.1 5,396.4 98.3
Construction in progress ............. 103.2 — 113.9 —
£ 5,215.0 £159.1 £ 5,510.3 £ 98.3
During the years ended December 31, 2008, 2007 and 2006, the assets acquired under capital
leases totaled £99.2 million, £45.8 million and £24.1 million, respectively.
F-87