Virgin Media 2013 Annual Report Download - page 27

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II - 2
Report of Independent Auditors
The Board of Directors
Virgin Media Inc.
We have audited the accompanying consolidated financial statements of Virgin Media Inc., which comprise the consolidated
balance sheet as of December 31, 2012 (Predecessor), and the related consolidated statements of operations, comprehensive earnings
(loss), equity and cash flows for the period from January 1, 2013 through June 7, 2013 (Predecessor) and for the years ended
December 31, 2012 and 2011 (Predecessor), 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 financial statements in conformity 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 financial statements that are free of material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance
with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements.
The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the
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 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
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. at December 31, 2012 (Predecessor), and the results of their operations and their cash flows for the period
from January 1, 2013 through June 7, 2013 (Predecessor) and for the years ended December 31, 2012 and 2011 (Predecessor) in
conformity with U.S. generally accepted accounting principles.
/s/ Ernst & Young LLP
London, England
March 12, 2014