Virgin Media 2012 Annual Report Download - page 148
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F-77
VIRGIN MEDIA INVESTMENTS LIMITED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions, except par value)
December 31,
2012 December 31,
2011
Assets
Current assets
Cash and cash equivalents £ 194.9 £282.0
Restricted cash 1.9 1.9
Accounts receivable - trade, less allowances for doubtful accounts of £9.0 (2012) and £10.9 (2011) 443.8 435.4
Derivative financial instruments 6.1 9.5
Prepaid expenses and other current assets 102.8 95.6
Deferred income taxes 51.7 —
Total current assets 801.2 824.4
Fixed assets, net 4,420.3 4,501.6
Goodwill and other indefinite-lived assets 2,026.6 2,026.6
Intangible assets, net — —
Equity investments — —
Derivative financial instruments 159.2 209.6
Deferred financing costs, net of accumulated amortization of £36.8 (2012) and £28.0 (2011) 35.9 44.5
Deferred income taxes 2,527.4 —
Other assets 51.2 50.8
Due from group companies 1,735.1 1,223.2
Total assets £ 11,756.9 £ 8,880.7
Liabilities and shareholder’s equity
Current liabilities
Accounts payable £ 349.3 £304.3
Accrued expenses and other current liabilities 318.8 372.0
Derivative financial instruments 8.1 16.7
VAT and employee taxes payable 85.5 88.4
Interest payable 1.9 9.9
Interest payable to group companies 152.2 178.6
Deferred revenue 316.7 311.8
Current portion of long term debt 77.1 140.9
Total current liabilities 1,309.6 1,422.6
Long term debt, net of current portion 233.5 263.3
Long term debt due to group companies, net of current portion 5,569.1 5,399.1
Derivative financial instruments 101.9 53.4
Deferred revenue and other long term liabilities 168.6 190.0
Total liabilities 7,382.7 7,328.4
Commitments and contingent liabilities
Shareholder’s equity
Common stock - £1.0 par value; issued and outstanding 2.5 (2012 and 2011) ordinary shares 2.5 2.5
Additional paid-in capital 4,368.8 4,368.8
Accumulated other comprehensive loss (167.0)(119.9)
Retained earnings (accumulated deficit) 169.9 (2,699.1)
Total shareholder’s equity 4,374.2 1,552.3
Total liabilities and shareholder’s equity £ 11,756.9 £ 8,880.7
See accompanying notes.
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