Virgin Media 2010 Annual Report Download - page 40

ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
We own and lease administrative facilities, operational network facilities, and retail facilities throughout the
U.K. We lease our U.K. headquarters in Hook, Hampshire and our principal executive offices in New York City.
The administrative and operational network facilities are utilized by our consumer and business segments. The
retail facilities are utilized by our consumer segment.
ITEM 3. LEGAL PROCEEDINGS
We are involved in lawsuits, claims, investigations and proceedings, consisting of intellectual property,
commercial, employee and employee benefits which arise in the ordinary course of our business. For instance,
the U.K. tax authorities have challenged our Value Added Tax, or VAT, treatment of certain of our activities.
Any challenge made could become subject to court proceedings. We currently expect an initial hearing on this
matter to take place in late 2011 or early 2012; however, any formal assessment issued by the U.K. tax
authorities could require us to make a payment based on the U.K. tax authorities’ interpretation of VAT owed in
order to advance our case in court proceedings.
While we do not believe any of the litigation matters alone or in the aggregate will have a material adverse
effect on our financial position or results of operation, any adverse outcome in one or more of these matters could
be material to our consolidated financial statements for any one period.
ITEM 4. [REMOVED & RESERVED]
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