Virgin Media 2013 Annual Report Download - page 26

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II - 1
Independent Auditors’ Report
The Board of Directors
Virgin Media Inc.:
Report on the Financial Statements
We have audited the accompanying consolidated financial statements of Virgin Media Inc. (and its subsidiaries), which comprise
the consolidated balance sheet as of December 31, 2013 (Successor), and the related consolidated statements of operations,
comprehensive earnings (loss), equity and cash flows for the period from June 8, 2013 through December 31, 2013 (Successor),
and the related notes to the consolidated financial statements.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with
U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control
relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement,
whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit
in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial
statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement
of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers
internal control relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to design
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating
the overall presentation of the consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements referred to above present fairly in all material respects, the financial position
of Virgin Media Inc. (and its subsidiaries) as of December 31, 2013 (Successor), and the results of their operations and their cash
flows for the period from June 8, 2013 through December 31, 2013 (Successor) in accordance with U.S. generally accepted
accounting principles.
/s/ KPMG LLP
London, England
March 12, 2014