Virgin Media 2012 Annual Report Download - page 121
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F-50
We present the following condensed consolidating financial information as of December 31, 2012 and
December 31, 2011 and for the years ended December 31, 2012, 2011 and 2010 as required by Rule 3-10(d) of
Regulation S-X.
Virgin Media Finance PLC is the issuer of the following senior notes:
• $507.1 million aggregate principal amount of 8.375% senior notes due 2019
• £253.5 million aggregate principal amount of 8.875% senior notes due 2019
• $500 million aggregate principal amount of 5.25% senior notes due 2022
• $900 million aggregate principal amount of 4.875% senior notes due 2022
• £400 million aggregate principal amount of 5.125% senior notes due 2022
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.
December 31, 2012
Balance sheets Company
Virgin
Media
Finance Other
guarantors VMIH VMIL All other
subsidiaries Adjustments Total
(in millions)
Cash and cash equivalents £ 10.3 £ 1.0 £ 0.1 £ 0.1 £ — £ 194.8 £ — £ 206.3
Restricted cash — — — — — 1.9 — 1.9
Deferred income taxes — — — — — 52.9 —52.9
Other current assets 0.2 — — 12.7 —540.2 —553.1
Total current assets 10.5 1.0 0.1 12.8 —789.8 —814.2
Fixed assets, net — — — — — 4,512.2 — 4,512.2
Goodwill and intangible
assets, net — — (15.0) — — 2,032.5 — 2,017.5
Investments in, and loans to,
parent and subsidiary
companies 3,414.1 3,085.4 1,912.9 4,364.9 5,246.8 (2,417.5) (15,606.6) —
Deferred income taxes — — — — — 2,586.1 — 2,586.1
Other assets, net 308.3 19.8 — 162.8 —83.4 —574.3
Total assets £ 3,732.9 £ 3,106.2 £ 1,898.0 £ 4,540.5 £ 5,246.8 £ 7,586.5 £ (15,606.6) £ 10,504.3
Current liabilities £ 31.1 £ 27.0 £ 5.3 £64.4 £ — £ 1,746.8 £ (650.6) £ 1,224.0
Long term debt, net of current
portion 544.0 1,824.4 — — — 3,483.6 — 5,852.0
Other long term liabilities 0.2 — — 101.9 —168.6 —270.7
Total liabilities 575.3 1,851.4 5.3 166.3 — 5,399.0 (650.6)7,346.7
Shareholders’ equity 3,157.6 1,254.8 1,892.7 4,374.2 5,246.8 2,187.5 (14,956.0)3,157.6
Total liabilities and
shareholders’ equity £ 3,732.9 £ 3,106.2 £ 1,898.0 £ 4,540.5 £ 5,246.8 £ 7,586.5 £ (15,606.6) £ 10,504.3
Table of Contents
VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 16—Condensed Consolidating Financial Information—Senior Notes