Virgin Media 2008 Annual Report Download - page 90

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Our consolidated financial statements, the notes thereto and the report of the independent
registered public accounting firm begin on page F-1 of this annual report and are incorporated in this
annual report by reference. The following is a summary of the unaudited selected quarterly results of
operations for the years ended December 31, 2008 and 2007 (in millions, except per share data):
2008
Three months ended
March 31, June 30, September 30, December 31,
(unaudited)
Statement of Operations Data:
Revenue .................................. £1,001.8 £ 990.5 £ 991.1 £1,032.5
Operating (loss) income ....................... (4.6) (333.1) 48.6 (50.2)
Net loss ................................... (104.4) (447.2) (120.8) (241.4)
Basic and diluted loss per share ................. £ (0.32) £ (1.36) £ (0.37) £ (0.74)
2007
Three months ended
March 31, June 30, September 30, December 31,
(unaudited)
Statement of Operations Data:
Revenue .................................. £1,021.9 £ 995.0 £1,006.2 £1,050.6
Operating (loss) income ....................... (15.3) 3.0 46.7 (17.8)
Net loss ................................... (120.3) (119.0) (61.0) (163.2)
Basic and diluted loss per share ................. £ (0.37) £ (0.37) £ (0.19) £ (0.50)
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
(a) Disclosure Controls and Procedures
Our management, with the participation of our chief executive officer and chief financial officer,
has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in
Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, which we refer
to as the Exchange Act) as of the end of the period covered by this report. Based on this evaluation,
our chief executive officer and chief financial officer have concluded that, as of the end of such period,
these controls and procedures are effective to ensure that information required to be disclosed by us in
the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported
within the time periods specified in the Securities and Exchange Commission’s rules and forms. These
disclosure controls and procedures include, without limitation, controls and procedures designed to
ensure that information required to be disclosed by us in the report that we file or submit is
accumulated and communicated to our management, including our chief executive officer and chief
financial officer, as appropriate to allow timely decisions regarding required disclosure.
(b) Management’s Annual Report on Internal Control Over Financial Reporting for Virgin Media Inc.
Our management is responsible for establishing and maintaining adequate internal control over
our financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). Our internal control
over financial reporting is a process designed to provide reasonable assurance regarding the reliability
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