Virgin Media 2011 Annual Report Download - page 133

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 11—Employee Benefit Plans (continued)
Amount Included in Other Comprehensive Income
The amount included in other comprehensive income for the years ended December 31, 2011 and 2010
consisted of (in millions):
Year ended December 31,
2011 2010
Actuarial loss (gain) recognized in other comprehensive income . . . £24.2 £(17.8)
Prior service credit recognized in other comprehensive income .... (0.2) 0.0
Actuarial loss recognized in net periodic benefit cost ............ (3.4) (3.6)
Amount included in other comprehensive income .............. £20.6 £(21.4)
The following table presents the amounts recognized in accumulated other comprehensive income as at
December 31, 2011 and 2010 that have not yet been recognized as components of net periodic benefit cost (in
millions):
Year ended December 31,
2011 2010
Net actuarial loss ........................................ £94.1 £73.4
Net prior year service (credit) cost ........................... (0.1) 0.1
Amount included in accumulated other comprehensive income .... £94.0 £73.5
We expect to recognize £5.0 million of actuarial losses in the net periodic benefit cost for the year ended
December 31, 2012.
Net Periodic Benefit Costs
The components of net periodic benefit costs were as follows (in millions):
Year ended December 31,
2011 2010 2009
Service cost ..................................... £ 1.7 £ 1.6 £ 1.2
Interest cost ..................................... 21.1 21.4 17.4
Expected return on plan assets ...................... (21.9) (20.8) (18.3)
Amortization of prior service cost ................... (2.8) 0.0 0.0
Recognised actuarial loss .......................... 3.4 3.6 0.0
Total net periodic benefit cost ...................... £ 1.5 £ 5.8 £ 0.3
As a result of the sale of various business operations in prior periods, we have retained the earned pension
and other post-retirement benefits liabilities related to certain employees of those operations. Accordingly, the
information disclosed in the tables above includes amounts relating to liabilities of these employees.
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