Virgin Media 2008 Annual Report Download - page 89

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The following table provides information as of December 31, 2007 about our long term fixed and
variable interest rate debt that are sensitive to changes in interest rates and foreign currency exchange
rates (in millions).
Fair Value
Year ended December 31, December 31,
2008 2009 2010 2011 2012 Thereafter Total 2007
Long term Debt including current portion
U.S. Dollars
Fixed rate .............. — — — — — $ 975.0 $ 975.0 $ 960.4
Variable rate ............——— —$628.0 — $ 628.0 $ 606.0
Average interest rate ....... US LIBOR 8.91%
plus 2.00%
Average forward exchange rate . 0.52 0.52
Euros
Fixed rate .............. — — — — — A225.0 A225.0 A218.8
Variable rate ............——— —A484.5 — A484.5 A470.0
Average interest rate ....... EURIBOR 8.75%
plus 2.00%
Average forward exchange rate . 0.72 0.72
Pounds Sterling
Fixed rate .............. — — — — — £ 375.0 £ 375.0
Variable Rate ............ — £ 265.1 £ 1,105.9 £ 966.0 £ 1,494.7 £ 300.0 £4,131.7 £3,949.1
Average interest rate ....... LIBOR LIBOR LIBOR LIBOR LIBOR 9.75%/
plus plus plus plus plus LIBOR
1.25–2.25% 1.25–2.25% 1.25–2.25% 1.25–2.25% 2.00–2.13% plus
2.75%
Currency swap agreements related to long term debt
Receipt of U.S. Dollars
Notional amount ........ — $ 425.0 — — $ 650.0 $ 550.0 $1,625.0 £ (82.9)
Average contract exchange
rate ............... 0.60 0.54 0.55
Average sterling interest rate
paid ............... 9.42% LIBOR 8.54%
plus
2.11%
Receipt of Euros
Notional amount ........ — A225.0 — — A500.0 — A725.0 £ 28.9
Average contract exchange
rate ............... 0.69 0.69
Average sterling interest rate
paid ............... 10.26% LIBOR
plus
2.16%
Interest rate derivative financial instruments related to long term debt
Sterling Interest Rate Swaps
Notional amount ........ — £ 3,184.0 — — — — — £ 15.4
Average sterling interest rate
paid ............... 5.25%
Sterling interest rate
received ........... LIBOR
87