Virgin Media 2008 Annual Report Download - page 191
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VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 10—Derivative Financial Instruments and Hedging Activities
The fair values of our derivative instruments recorded on our consolidated balance sheet were as
follows (in millions):
December 31, December 31,
2008 2007
Included within derivative financial instruments, current assets:
Foreign currency forward rate contracts ........................... £100.8 £ —
Interest rate swaps .......................................... 6.1 4.1
Cross-currency interest rate swaps ............................... 61.5 —
£168.4 £ 4.1
Included within derivative financial instruments, long term assets:
Foreign currency forward rate contracts ........................... £ — £ 18.3
Interest rate swaps .......................................... — 11.2
Cross-currency interest rate swaps ............................... 435.7 30.6
£435.7 £ 60.1
Included within derivative financial instruments, current liabilities:
Foreign currency forward rate contracts ........................... £ 79.6 £ —
Cross-currency interest rate swaps ............................... 4.8 —
£ 84.4 £ —
Included within derivative financial instruments, long term liabilities:
Foreign currency forward rate contracts ........................... £ — £ 67.9
Interest rate swaps .......................................... 11.5 —
Cross-currency interest rate swaps ............................... 31.1 54.4
£ 42.6 £122.3
F-97