Virgin Media 2008 Annual Report Download - page 96

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Shareholders
Virgin Media Inc.
We have audited the accompanying consolidated balance sheets of Virgin Media Inc. and
subsidiaries as of December 31, 2008 and 2007, and the related consolidated statements of operations,
shareholders’ equity, and cash flows for each of the three years in the period ended December 31,
2008. Our audits also included the financial statement schedule listed in the Index at Item 15(d). These
financial statements and this schedule are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial statements and this schedule based on our
audits.
We conducted our audits in accordance with the standards of the Public Company Accounting
Oversight Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects,
the consolidated financial position of Virgin Media Inc. and subsidiaries at December 31, 2008 and
2007, and the consolidated results of their operations and their cash flows for each of the three years in
the period ended December 31, 2008, in conformity with U.S. generally accepted accounting principles.
Also, in our opinion, the related financial statement schedule, when considered in relation to the basic
financial statements taken as a whole, present fairly in all material respects the information set forth
therein.
As discussed in Note 2 to the consolidated financial statements, Virgin Media Inc. changed its
method of accounting for stock-based compensation expense as of January 1, 2006 to conform with the
provisions of Statement of Financial Accounting Standards No. 123(R), ‘‘Share-Based Payment’’;
changed its method of accounting for defined benefit pension and other postretirement plans as of
December 31, 2006 to conform with the provisions of Statement of Financial Accounting Standards
No. 158, ‘‘Employer’s Accounting for Defined Benefit Pension and Other Postretirement Plans’’; and
adopted Financial Accounting Standards Board Staff Position FAS 143-1 ‘‘Accounting for Electronic
Waste Obligations’’ as of December 12, 2006.
We also have audited, in accordance with the standards of the Public Company Accounting
Oversight Board (United States), Virgin Media Inc.’s internal control over financial reporting as of
December 31, 2008, based on criteria established in Internal Control-Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway Commission and our report dated
February 26, 2009, expressed an unqualified opinion thereon
/s/ Ernst & Young LLP
London, England
February 26, 2009
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