Virgin Media 2014 Annual Report Download - page 17

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VIRGIN MEDIA INC.
(See note 1)
Notes to Condensed Consolidated Financial Statements — (Continued)
June 30, 2014
(unaudited)
15
Successor
Fair value measurements at
December 31, 2013 using:
Description December 31,
2013
Quoted prices
in active
markets for
identical assets
(Level 1)
Significant
other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
in millions
Assets:
Cross-currency and interest rate derivative contracts ......... £ 165.7 £ — £ 165.7 £ —
Equity-related derivative instruments................................. 20.1 — — 20.1
Total assets........................................................................ £ 185.8 £ — £ 165.7 £ 20.1
Liabilities:
Cross-currency and interest rate derivative contracts ......... £ 322.9 £ — £ 322.9 £ —
Equity-related derivative instruments................................. 67.3 — — 67.3
Total liabilities.................................................................. £ 390.2 £ — £ 322.9 £ 67.3
(5) Long-lived Assets
Property and Equipment, Net
The details of our property and equipment and the related accumulated depreciation are set forth below:
Successor
June 30,
2014 December 31,
2013
in millions
Distribution systems........................................................................................................................ £ 5,372.2 £ 5,158.2
Customer premises equipment ........................................................................................................ 1,060.4 915.8
Support equipment, buildings and land........................................................................................... 781.6 716.5
7,214.2 6,790.5
Accumulated depreciation............................................................................................................... (1,308.0)(677.9)
Total property and equipment, net................................................................................................ £ 5,906.2 £ 6,112.6
During the six months ended June 30, 2014, the period from June 8 to June 30, 2013 and the period from January 1 to June
7, 2013, we recorded non-cash increases to our property and equipment related to assets acquired under capital leases of £27.6
million, £0.7 million and £59.6 million, respectively. In addition, during the six months ended June 30, 2014, we recorded a non-
cash increase related to vendor financing arrangements of £61.4 million, which amount excludes related VAT of £6.5 million that
was also financed by our vendors under these arrangements.