Virgin Media 2010 Annual Report Download - page 167

Download and view the complete annual report

Please find page 167 of the 2010 Virgin Media annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 243

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 21—Subsequent Events (continued)
Condensed Consolidating Financial Information—Senior Secured Notes (continued)
Year ended December 31, 2010
Statements of operations Company
Virgin Media
Secured
Finance PLC Guarantors
Non-
Guarantors Adjustments Total
(in millions)
Revenue ....................... £ — £ — £3,465.2 £ 410.6 £ — £ 3,875.8
Operating costs .................. — — (1,344.9) (230.1) — (1,575.0)
Selling, general and administrative
expenses ..................... (19.0) — (672.3) (99.3) — (790.6)
Restructuring and other charges ..... — — (23.0) (30.0) — (53.0)
Depreciation and amortization ...... — — (1,008.9) (126.4) — (1,135.3)
Operating income (loss) ........... (19.0) — 416.1 (75.2) — 321.9
Interest expense .................. (59.7) (100.0) (1,024.3) (550.7) 1,256.9 (477.8)
Loss on extinguishment of debt ..... — — (70.0) — — (70.0)
Share of income from equity
investments ................... — — — 24.0 — 24.0
Losses on derivative instruments .... (17.4) — (48.2) — — (65.6)
Foreign currency (losses) gains ..... 0.9 — 4.8 (39.8) — (34.1)
Interest and other income, net ....... 35.8 101.1 639.8 488.5 (1,256.9) 8.3
Income tax benefit (expense) ....... (4.2) — 48.1 80.2 — 124.1
(Loss) income from continuing
operations .................... (63.6) 1.1 (33.7) (73.0) — (169.2)
Income on discontinued operations,
netoftax ..................... — — — 27.8 — 27.8
Equity in net (loss) income of
subsidiaries ................... (77.8) — (35.6) (32.6) 146.0 —
Net (loss) income ................ £(141.4) £ 1.1 £ (69.3) £ (77.8) £ 146.0 £ (141.4)
F-72