Virgin Media 2012 Annual Report Download - page 73

F-2
VIRGIN MEDIA INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions, except par value)
December 31,
2012 December 31, 2011
Assets
Current assets
Cash and cash equivalents £ 206.3 £ 300.4
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 103.2 97.0
Deferred income taxes 52.9 —
Total current assets 814.2 844.2
Fixed assets, net 4,512.2 4,602.7
Goodwill and other indefinite-lived assets 2,017.5 2,017.5
Derivative financial instruments 461.6 347.9
Deferred financing costs, net of accumulated amortization of £50.6 (2012) and £44.0 (2011) 61.5 75.7
Deferred income taxes 2,586.1 —
Other assets 51.2 50.8
Total assets £ 10,504.3 £ 7,938.8
Liabilities and shareholders’ equity
Current liabilities
Accounts payable £ 349.3 £ 304.4
Accrued expenses and other current liabilities 319.6 373.1
Derivative financial instruments 8.1 16.7
VAT and employee taxes payable 85.5 88.4
Interest payable 67.7 106.8
Deferred revenue 316.7 311.8
Current portion of long term debt 77.1 76.6
Total current liabilities 1,224.0 1,277.8
Long term debt, net of current portion 5,852.0 5,778.5
Derivative financial instruments 101.9 53.6
Deferred revenue and other long term liabilities 168.8 190.0
Total liabilities 7,346.7 7,299.9
Commitments and contingent liabilities
Shareholders’ equity
Common stock - $0.01 par value; authorized 1,000.0 (2012 and 2011) shares; issued and
outstanding 269.3 (2012) and 286.7 (2011) shares 1.4 1.6
Additional paid-in capital 3,658.9 3,866.6
Accumulated other comprehensive (loss) income (5.8) 30.0
Accumulated deficit (496.9) (3,259.3)
Total shareholders’ equity 3,157.6 638.9
Total liabilities and shareholders’ equity £ 10,504.3 £ 7,938.8
See accompanying notes.
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