Virgin Media 2013 Annual Report Download - page 85

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VIRGIN MEDIA INC.
(See note 1)
Notes to Consolidated Financial Statements — (Continued)
December 31, 2013, 2012 and 2011
II - 60
The components of other comprehensive earnings (loss), net of taxes, are reflected in our consolidated statements of
comprehensive earnings (loss). The following table summarizes the tax effects related to each component of other comprehensive
earnings (loss), net of amounts reclassified to our consolidated statements of operations:
Pre-tax
amount Tax benefit Net-of-tax
amount
in millions
Successor:
Period from June 8, 2013 to December 31, 2013:
Foreign currency translation adjustments ....................................................... £ 147.2 £ — £ 147.2
Pension related adjustments............................................................................ (2.0) 0.4 (1.6)
Other comprehensive earnings ..................................................................... £ 145.2 £ 0.4 £ 145.6
Predecessor:
Period from January 1, 2013 to June 7, 2013:
Foreign currency translation adjustments ....................................................... £(9.8) £ — £ (9.8)
Net unrealized gains on cash flow hedges ...................................................... 63.6 3.2 66.8
Reclassification of cash flow hedge gains to net income................................ (74.4) — (74.4)
Pension related adjustments............................................................................ 0.8 (0.2) 0.6
Other comprehensive loss............................................................................. £(19.8) £ 3.0 £ (16.8)
Year ended December 31, 2012:
Foreign currency translation adjustments ....................................................... £ 11.3 £ — £ 11.3
Net unrealized losses on cash flow hedges ..................................................... (141.9) 11.6 (130.3)
Reclassification of cash flow hedge losses to net income............................... 94.2 — 94.2
Pension related adjustments............................................................................ (14.3) 3.3 (11.0)
Other comprehensive loss............................................................................. £(50.7) £ 14.9 £ (35.8)
Year ended December 31, 2011:
Foreign currency translation adjustments ....................................................... £(12.7) £ — £ (12.7)
Net unrealized losses on cash flow hedges ..................................................... (24.2) — (24.2)
Reclassification of cash flow hedge losses to net income............................... (22.3) 23.3 1.0
Pension related adjustments............................................................................ (20.6) — (20.6)
Other comprehensive loss............................................................................. £(79.8) £ 23.3 £ (56.5)