Virgin Media 2012 Annual Report Download - page 65

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64
The following table provides information as of December 31, 2011 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,
2012 2013 2014 2015 2016 Thereafter Total
Fair Value
December 31,
2011
Long term debt
(including current
portion)
U.S. Dollars
Fixed rate — — — — $2,350.0 $ 2,100.0 $ 4,450.0 $ 5,074.8
Average interest rate 8.223%7.522%
Average forward exchange rate 0.72 0.65
euros
Fixed rate — — — — € 180.0 — € 180.0 €198.9
Average interest rate 9.50%
Average forward exchange rate 0.88
Pounds Sterling
Fixed rate — — — — — £ 1,875.0 £ 1,875.0 £ 1,942.3
Average interest rate 6.83%
Variable rate — — — £ 750.0 — — £ 750.0 £750.0
Average interest rate LIBOR +
1.625%-
2.125%
Currency swap agreements
related to long term debt
Receipt of U.S.Dollars (interest
and principal)
Notional amount — — — — $1,350.0 $ 1,600.0 $ 2,950.0 $ 57.0
Average forward exchange rate 0.62 0.61
Average sterling interest rate
paid 10.00%7.76%
Receipt of U.S.Dollars (interest
and principal)
Notional amount — — — — — $ 500.0 $500.0 £39.3
Average contract exchange rate 0.62
Average sterling interest rate
paid LIBOR
+1.94%
Receipt of U.S.Dollars (interest
only)
Notional amount — — — — $1,000.0 — $ 1,000.0 £ 28.0
Average contract exchange rate 0.52
Average sterling interest rate
paid 6.91%
Receipt of euros (interest and
principal)
Notional amount — — — — € 180.0 — € 180.0 £(10.4)
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 — £ 650.0 £ 1,250.0 £ 49.3
Average sterling interest rate
paid 2.86%LIBOR
+1.84%
Sterling interest rate received LIBOR 5.50%
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