Virgin Media 2011 Annual Report Download - page 84

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The following table provides information as of December 31, 2010 about our long term fixed and variable
interest rate debt that are sensitive to changes in interest rates and foreign currency exchange rates (in millions):
Year ended December 31, Fair Value
December 31,
20102011 2012 2013 2014 2015 Thereafter Total
Lo ng term debt
(including current portion)
U.S. Dollars
Fixed rate ................... ———— —$4,500.0 $4,500.0 $5,419.1
Average interest rate .......... 7.971%
Average forward exchange
rate ...................... 0.65
Euros
Fixed rate ................... ———— —€180.0 €180.0 €205.4
Average interest rate .......... 9.500%
Average forward exchange
rate ...................... 0.89
Pounds Sterling
Fixed rate ................... ———— —£1,225.0 £1,225.0 £1,323.0
Average interest rate .......... 7.536%
Variable rate ................. £ 150.0 £ 175.0 £ 200.0 £ 200.0 £ 950.0 — £1,675.0 £1,672.5
Average interest rate .......... LIBOR LIBOR LIBOR LIBOR LIBOR
plus plus plus plus plus
2.75-3.5 2.75-3.5 2.75-3.5 2.75-3.5 2.75-3.75
Currency swap agreements
related to long term debt
Receipt of U.S.Dollars (interest
and principal)
Notional amount .............. ———— —$3,500.0 $3,500.0 $ 120.0
Average forward exchange
rate ...................... 0.60
Average sterling interest rate
paid ...................... 8.74%
Receipt of U.S.Dollars (interest
only)
Notional amount .............. ———— —$1,000.0 $1,000.0 $ 37.2
Average contract exchange
rate ...................... 0.51
Average sterling interest rate
paid ...................... 6.95%
Receipt of Euros (interest and
principal)
Notional amount .............. ———— —€180.0 €180.0 £ (6.2)
Average contract exchange
rate ...................... 0.88
Average sterling interest rate
paid ...................... 10.18%
Interest rate derivative
financial instruments related
to long term debt
Sterling Interest Rate Swaps
Notional amount .............. ————£600.0 — £ 600.0 £ 8.0
Average sterling interest rate
paid ...................... 2.86%
Sterling interest rate received .... LIBOR
83