Virgin Media 2013 Annual Report Download - page 29

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II - 4
VIRGIN MEDIA INC.
(See note 1)
CONSOLIDATED BALANCE SHEETS — (Continued)
(in millions, except share and per share amounts)
Successor Predecessor (a)
December 31,
2013 December 31,
2012
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable................................................................................................................. £ 274.5 £ 296.4
Deferred revenue and advanced payments from subscribers and others............................. 315.7 317.7
Current portion of debt and capital lease obligations (note 7)............................................. 159.5 77.1
Derivative instruments (note 4) ........................................................................................... 136.5 29.3
Accrued interest ................................................................................................................... 92.4 60.3
Related-party payables (note 11) ......................................................................................... 87.6 —
Value added tax (VAT) Payable........................................................................................... 78.1 85.1
Other current liabilities (note 12)......................................................................................... 392.3 371.5
Total current liabilities.................................................................................................... 1,536.6 1,237.4
Long-term debt and capital lease obligations (note 7).............................................................. 8,289.3 5,852.0
Other long-term liabilities (notes 4, 8 and 13).......................................................................... 457.1 257.1
Total liabilities................................................................................................................. 10,283.0 7,346.5
Commitments and contingent liabilities (notes 4, 7, 8, 12, 13 and 15)
Equity (note 9):
Successor common stock - $0.01 par value; authorized 1,000 shares; issued and
outstanding 111 shares...................................................................................................... — —
Predecessor common stock - $0.01 par value; authorized 1,000,000,000 (2013 and
2012) shares; issued and outstanding nil and 269,300,000, respectively......................... — 1.4
Additional paid-in capital .................................................................................................... 9,477.9 3,658.9
Accumulated deficit............................................................................................................. (595.3)(436.1)
Accumulated other comprehensive earnings (loss) ............................................................. 145.6 (5.8)
Total equity...................................................................................................................... 9,028.2 3,218.4
Total liabilities and equity ............................................................................................ £ 19,311.2 £ 10,564.9
_______________
(a) As retrospectively revised - see note 2.
The accompanying notes are an integral part of these consolidated financial statements.