Virgin Media 2008 Annual Report Download - page 196
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VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 11—Employee Benefit Plans (Continued)
Amount Included in Other Comprehensive Income
The amount included in other comprehensive income for the years ended December 31, 2008 and
2007 consisted of (in millions):
Year ended
December 31,
2008 2007
Actuarial loss (gain) recognized in other comprehensive income ................. £43.8 £(19.8)
Prior year service cost recognized in other comprehensive income ................ 0.1 —
Less actuarial loss recognized .......................................... — —
Less prior year service cost recognized .................................... — —
Less transitional obligation recognized .................................... — —
Amount included in other comprehensive income ............................ £43.9 £(19.8)
The following table presents the amounts recognized in accumulated other comprehensive income
as at December 31, 2008 and 2007 that have not yet been recognized as components of net periodic
benefit cost (in millions):
Year ended
December 31,
2008 2007
Net actuarial loss ....................................... £44.0 £0.2
Net prior year service cost ................................. 0.1 —
Net transition obligation .................................. — —
Amount included in accumulated other comprehensive income ...... £44.1 £0.2
None of these amounts are expected to be recognized in the net periodic benefit cost in 2009.
The following table presents information for pension plans with an accumulated benefit obligation
in excess of plan assets (in millions):
December 31,
2008 2007
Accumulated benefit obligation ............................ £301.4 £ —
Fair value of plan assets ................................. 273.9 —
The following table presents information for pension plans with a projected benefit obligation in
excess of plan assets (in millions):
December 31,
2008 2007
Projected benefit obligation ............................. £307.8 £323.9
Fair value of plan assets ................................ 273.9 318.6
F-102