Virgin Media 2011 Annual Report Download - page 147

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VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 18—Condensed Consolidating Financial Information—Senior Notes
We present the following consolidated financial information as of December 31, 2011 and 2010 and for the
years ended December 31, 2011, 2010, and 2009 as required by Article 3-10(d) of Regulation S-X.
Virgin Media Finance is the issuer of the following senior notes:
• $1,350 million aggregate principal amount of 9.50% senior notes due 2016
•€180 million aggregate principal amount of 9.50% senior notes due 2016
• $600 million aggregate principal amount of 8.375% senior notes due 2019
• £350 million aggregate principal amount of 8.875% senior notes due 2019
Virgin Media Inc. and certain of its subsidiaries, namely Virgin Media Group LLC, Virgin Media
Holdings Inc., Virgin Media (UK) Group, Inc. and Virgin Media Communications Limited, have guaranteed the
senior notes on a senior basis. Each of Virgin Media Investment Holdings Limited, or VMIH, and Virgin Media
Investments Limited, or VMIL, are conditional guarantors and have guaranteed the senior notes on a senior
subordinated basis. VMIL is included as a conditional guarantor as at December 31, 2011 and 2010, following its
accession on December 30, 2009 as a senior subordinated guarantor of the senior notes issued by Virgin Media
Finance.
December 31, 2011
Balance sheets Company
Virgin
Media
Finance
Other
guarantors VMIH VMIL
All other
subsidiaries Adjustments Total
(in millions)
Cash and cash
equivalents ............ £ 16.2 £ 1.9 £ 0.3 £ 0.1 £ 0.0 £ 281.9 £ 0.0 £ 300.4
Restricted cash ........... 0.0 0.0 0.0 0.0 0.0 1.9 0.0 1.9
Other current assets ....... 0.3 0.0 1.0 16.3 0.0 524.3 0.0 541.9
Total current assets . . . 16.5 1.9 1.3 16.4 0.0 808.1 0.0 844.2
Fixed assets, net .......... 0.0 0.0 0.0 0.0 0.0 4,602.7 0.0 4,602.7
Goodwill and intangible
assets, net ............. 0.0 0.0 (15.0) 0.0 0.0 2,032.5 0.0 2,017.5
Investments in, and loans to,
parent and subsidiary
companies ............ 1,042.2 330.2 (841.2) 1,474.5 2,217.5 (2,902.6) (1,320.6) 0.0
Other assets, net .......... 146.1 23.5 0.0 208.4 0.0 96.4 0.0 474.4
Total assets ......... £1,204.8 £ 355.6 £(854.9) £1,699.3 £2,217.5 £ 4,637.1 £(1,320.6) £7,938.8
Current liabilities ......... £ 14.6 £ 52.2 £ 13.6 £ 101.2 £ 0.0 £ 1,897.8 £ (801.6) £1,277.8
Long-term debt, net of
current portion ......... 551.1 1,720.3 0.0 0.0 0.0 3,507.1 0.0 5,778.5
Other long-term
liabilities ............. 0.2 0.0 0.0 45.8 0.0 197.6 0.0 243.6
Shareholders’ equity
(deficit) .............. 638.9 (1,416.9) (868.5) 1,552.3 2,217.5 (965.4) (519.0) 638.9
Total liabilities and
shareholders’ equity
(deficit) .......... £1,204.8 £ 355.6 £(854.9) £1,699.3 £2,217.5 £ 4,637.1 £(1,320.6) £7,938.8
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