Virgin Media 2012 Annual Report Download - page 62

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61
OFF BALANCE SHEET ARRANGEMENTS
As part of our ongoing business we have not participated in transactions that generate relationships with unconsolidated
entities or financial partnerships, such as entities frequently referred to as special purpose entities, or SPEs, which
would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually
narrow or limited purposes. As of December 31, 2012 we were not involved with any material unconsolidated SPEs.
CONTRACTUAL OBLIGATIONS AND COMMITMENTS
Our contractual obligations and commitments arise from both our operations and our financing arrangements as
described earlier in this MD&A. The following table includes aggregate information about the contractual obligations
recorded in our consolidated financial statements as of December 31, 2012 , and the periods in which payments are
due (in £ millions).
Payments Due by Period (Undiscounted)
Contractual Obligations
Total
Less than
1 year
1-3 years
3-5 years
More than
5 years
Long Term Debt Obligations £ 5,650.8 £—£ 750.0 £ 617.7 £ 4,283.1
Capital Lease Obligations 372.1 87.6 115.3 16.7 152.5
Operating Lease Obligations 192.3 40.3 59.6 32.6 59.8
Purchase Obligations 1,369.4 663.1 406.0 160.7 139.6
Interest Obligations 1,903.2 317.0 619.7 503.5 463.0
Total £ 9,487.8 £1,108.0 £ 1,950.6 £ 1,331.2 £ 5,098.0
Early Termination Charges £22.5 £ 5.0 £ 1.4 £ 0.4
Purchase obligations in the table above represent amounts payable under fixed or minimum guaranteed commitments,
and therefore do not represent the total fees that are expected to be paid under certain programming contracts where
amounts payable are generally based on the number of customers receiving the programming.
Early termination charges are amounts that would be payable in the above periods in the event of early termination
during that period of certain of the contracts underlying the purchase obligations listed above. These amounts are not
required to be recorded in our consolidated financial statements.
The following table includes information about our commercial commitments as of December 31, 2012, which are
items we could be obligated to pay in the future (in £ millions). These amounts are not required to be recorded in our
consolidated financial statements.
Amount of Commitment Expiration by Period
Contractual Obligations
Total
Less than
1 year
1-3 years
3-5 years
More than
5 years
Guarantees £ — £ — £ — £ — £ —
Lines of credit — — — — —
Standby letters of credit 7.0 4.7 1.7 — 0.6
Standby repurchase obligations — — — — —
Other commercial commitments — — — — —
Total commercial commitments £ 7.0 £ 4.7 £ 1.7 £ — £ 0.6
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