Virgin Media 2008 Annual Report Download - page 200

VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 12—Restructuring and other charges (Continued)
during 2006 and the accruals for our restructuring plans announced in the fourth quarter of 2008 (in
millions):
Historical
Restructuring 2006 Acquisition 2008
Accruals Restructuring Accruals Restructuring Accruals Total
Involuntary Involuntary
Employee Employee
Termination Termination Lease and
Lease and Related Lease and Related Contract
Exit Costs Costs Exit Costs Costs Exit Costs
Balance, December 31, 2005 .... £42.5 £ — £ — £ — £ — £ 42.5
Accruals resulting from business
acquisition recognized under
EITF 95-3 .............. — 43.2 45.9 — — 89.1
Charged to expense ......... 3.7 37.4 21.2 — — 62.3
Utilized .................. (5.5) (60.2) (3.7) — — (69.4)
Balance, December 31, 2006 .... 40.7 20.4 63.4 — — 124.5
Amendments offset against
goodwill ................ — — (11.3) — — (11.3)
Charged to expense ......... 3.4 26.4 5.3 — — 35.1
Revisions ................. (0.1) — (7.8) — — (7.9)
Utilized .................. (10.0) (34.9) (10.7) — — (55.6)
Balance, December 31, 2007 .... 34.0 11.9 38.9 — — 84.8
Charged to expense ......... 2.2 — 3.4 1.9 13.5 21.0
Revisions ................. (1.0) (1.6) 3.6 — — 1.0
Utilized .................. (19.2) (10.3) (7.8) — — (37.3)
Balance, December 31, 2008 .... £16.0 £ — £ 38.1 £1.9 £13.5 £ 69.5
Note 13—Income Taxes
The expense (benefit) for income taxes consists of the following (in millions):
Year ended December 31,
2008 2007 2006
Current:
U.K. taxes ..................................... £(4.7) £(4.9) £(1.8)
Total current ................................... £(4.7) £(4.9) £(1.8)
Deferred:
U.K. taxes ..................................... £(3.4) — —
U.S. taxes ...................................... (1.8) 5.5 —
Total deferred ................................... £(5.2) £ 5.5 £ —
Total ......................................... £(9.9) £ 0.6 £(1.8)
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