Virgin Media 2011 Annual Report Download - page 218
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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 14—Industry Segments (continued)
The reconciliation of total segment contribution to our consolidated operating income and net income (loss)
is as follows (in millions):
Year ended December 31,
2011 2010 2009
Total segment contribution ............................... £2,368.9 £2,325.2 £2,181.6
Other operating and corporate costs .................... 778.7 815.0 832.7
Restructuring and other charges ....................... 8.4 53.0 40.4
Depreciation ...................................... 923.2 987.7 928.7
Amortization ...................................... 118.4 147.6 243.1
Goodwill and intangible asset impairment ............... 0.0 0.0 4.7
Operating loss of subsidiaries not consolidated in either of
the companies ................................... (0.3) (6.3) (6.4)
Consolidated operating income ............................ 540.5 328.2 138.4
Other income (expense)
Interest expense(1) .................................. (401.7) (475.5) (469.6)
Loss on extinguishment of debt ....................... (28.9) (70.0) (54.5)
Share of income from equity investments ................ 18.6 24.0 14.1
Loss on disposal of equity investments .................. (7.2) 0.0 0.0
Loss on derivative instruments ........................ (7.4) (48.2) (114.5)
Foreign currency gains (losses) ........................ 1.7 (32.6) 131.3
Interest income and other, net(2) ....................... 88.9 16.9 15.5
Income tax (expense) benefit ......................... (15.6) 127.9 1.1
Income (loss) from continuing operations ................... 188.9 (129.3) (338.2)
(Loss) income from discontinued operations, net of tax ..... (1.2) 27.8 (7.6)
Net income (loss) ...................................... £ 187.7 £ (101.5) £ (345.8)
1) Interest expense represents the total of interest expense and interest expense to group companies.
2) Interest income and other, net represents the total of interest income and other, net and interest income from group companies.
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