Virgin Media 2012 Annual Report Download - page 89

Download and view the complete annual report

Please find page 89 of the 2012 Virgin Media annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 197

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197

F-18
Long term debt consists of (in millions):
December 31,
2012 2011
Secured Obligations
U.S. Dollar
6.50% senior secured notes due 2018 £ 611.2 £635.4
5.25% senior secured notes due 2021 350.5 353.1
Sterling
7.00% senior secured notes due 2018 865.9 864.5
5.50% senior secured notes due 2021 754.1 722.4
Senior credit facility 750.0 750.0
Unsecured Obligations
U.S. Dollar
6.50% convertible senior notes due 2016 544.0 551.1
9.50% senior notes due 2016 — 849.2
8.375% senior notes due 2019 309.3 380.6
5.25% senior notes due 2022 308.9 —
4.875% senior notes due 2022 555.9 —
Euro
9.50% senior notes due 2016 — 145.3
Sterling
8.875% senior notes due 2019 250.3 345.2
5.125% senior notes due 2022 400.0 —
Other Secured Obligations
Capital leases 229.0 258.0
Other —0.3
5,929.1 5,855.1
Less current portion (77.1)(76.6)
£ 5,852.0 £ 5,778.5
The carrying values of the $500 million 5.25% and £650 million 5.50% senior secured notes due 2021 include
increases of £42.9 million and £109.1 million, respectively, at December 31, 2012 and increases of £45.7 million
and £77.9 million, respectively, at December 31, 2011, as a result of our application of fair value hedge accounting
to these instruments.
The effective interest rate on the senior credit facility was 2.4% and 3.3% as at December 31, 2012 and 2011
respectively.
Table of Contents
VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 6—Long Term Debt