Virgin Media 2013 Annual Report Download - page 34
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II - 9
VIRGIN MEDIA INC.
(See note 1)
CONSOLIDATED STATEMENTS OF EQUITY — (Continued)
(in millions)
Common
stock $0.01
par value
Additional
paid-in
capital Accumulated
deficit
Accumulated
other
comprehensive
earnings (loss) Total equity
Predecessor:
Balance at January 1, 2013 ................................... £ 1.4 £ 3,658.9 £ (436.1) £ (5.8) £ 3,218.4
Net earnings........................................................ — — 99.9 — 99.9
Other comprehensive loss, net of taxes
(note 14).......................................................... — — — (16.8)(16.8)
Exercise of stock options and tax effect ............. 0.1 21.6 — — 21.7
Share-based compensation (note 10).................. — 11.9 — — 11.9
Conversion of debt into equity ........................... —(0.7) — — (0.7)
Repurchase of common stock (note 9) ............... — 1.8 (1.8) — —
Dividends paid (note 9) ...................................... — — (14.2) — (14.2)
Balance at June 7, 2013......................................... £ 1.5 £ 3,693.5 £ (352.2) £ (22.6) £ 3,320.2
Successor:
Balance at June 7, 2013 (note 3)........................... £ — £ 6,147.3 £ (107.3) £ — £ 6,040.0
Net loss ............................................................... — — (488.0) — (488.0)
Other comprehensive earnings, net of taxes
(note 14).......................................................... — — — 145.6 145.6
Capital contribution from parent (note 9)........... — 2,343.2 — — 2,343.2
Issuance of additional common stock to parent
(note 9)............................................................ — 987.4 — — 987.4
Share-based compensation (note 10).................. — 69.5 — — 69.5
Capital charge in connection with the exercise
of share-based incentive awards (note 11)...... —(69.5) — — (69.5)
Balance at December 31, 2013 ............................. £ — £ 9,477.9 £ (595.3) £ 145.6 £ 9,028.2
The accompanying notes are an integral part of these consolidated financial statements.