Virgin Media 2011 Annual Report Download - page 209
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VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
VIRGIN MEDIA INVESTMENTS LIMITED AND SUBSIDIARIES
COMBINED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 10—Restructuring and other charges (continued)
The following table summarizes, for the years ended December 31, 2011, 2010 and 2009, our historical
restructuring accruals, which are comprised of restructuring accruals prior to 2006 and the restructuring accruals
resulting from the acquisitions made by us during 2006, and the accruals for our restructuring plans announced in
the fourth quarter of 2008 (in millions):
Historical
Restructuring
Accruals
2008
Restructuring Accruals
Lease Exit
Costs
Involuntary
Employee
Termination
and Related
Costs
Lease and
Contract
Exit Costs Total
Balance, December 31, 2008 ............................. £54.1 £ 1.9 £ 13.5 £ 69.5
Amendments offset against goodwill ................... (5.7) 0.0 0.0 (5.7)
Charged to expense ................................. 6.7 23.5 19.4 49.6
Revisions ........................................ (5.1) (5.2) (0.1) (10.4)
Utilized .......................................... (10.8) (18.5) (17.8) (47.1)
Balance, December 31, 2009 ............................. 39.2 1.7 15.0 55.9
Amendments offset against goodwill ................... (0.3) 0.0 0.0 (0.3)
Charged to expense ................................. 3.0 7.6 30.7 41.3
Revisions ........................................ 7.2 (0.8) 4.0 10.4
Utilized .......................................... (13.9) (7.4) (29.6) (50.9)
Balance, December 31, 2010 ............................. 35.2 1.1 20.1 56.4
Charged to expense ................................. 2.4 10.2 5.0 17.6
Revisions ........................................ (5.3) (2.2) (1.9) (9.4)
Utilized .......................................... (14.0) (7.1) (8.6) (29.7)
Balance, December 31, 2011 ............................. £18.3 £ 2.0 £ 14.6 £ 34.9
Note 11—Income Taxes
The (expense) benefit for income taxes consists of the following (in millions):
Year ended December 31,
2011 2010 2009
Current:
U.K. taxes ......................................................... £ 5.1 £ 25.1 £ 4.9
U.S. taxes .......................................................... (0.6) (0.8) 0.0
Total current ........................................................... 4.5 24.3 4.9
Deferred:
U.K. taxes ......................................................... (23.3) 23.8 0.0
U.S. taxes .......................................................... 3.2 79.8 (3.8)
Total deferred .......................................................... (20.1) 103.6 (3.8)
Total .................................................................. £(15.6) £127.9 £ 1.1
F-120