Virgin Media 2014 Annual Report Download - page 4

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The accompanying notes are an integral part of these condensed consolidated financial statements.
2
VIRGIN MEDIA INC.
(See note 1)
CONDENSED CONSOLIDATED BALANCE SHEETS — (Continued)
(unaudited)
Successor
June 30,
2014 December 31,
2013
in millions
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable......................................................................................................................... £ 296.1 £ 274.5
Deferred revenue and advanced payments from subscribers and others..................................... 338.1 315.7
Current portion of debt and capital lease obligations (note 6) .................................................... 172.0 159.5
Derivative instruments (note 3)................................................................................................... 135.7 136.5
Accrued interest........................................................................................................................... 101.2 92.4
Accrued programming................................................................................................................. 86.2 65.4
Related-party payables (note 9)................................................................................................... 98.3 87.6
Value-added taxes (VAT) payable
................................................................................................ 95.3 78.1
Other current liabilities................................................................................................................ 334.0 326.9
Total current liabilities............................................................................................................ 1,656.9 1,536.6
Long-term debt and capital lease obligations (note 6)..................................................................... 8,049.8 8,289.3
Other long-term liabilities (note 3)................................................................................................... 515.8 457.1
Total liabilities........................................................................................................................ 10,222.5 10,283.0
Commitments and contingent liabilities (notes 3, 6, 7 and 10)
Equity:
Common stock - $0.01 par value; authorized 1,000 shares; issued and outstanding 111
shares....................................................................................................................................... — —
Additional paid-in capital............................................................................................................ 9,477.9 9,477.9
Accumulated deficit..................................................................................................................... (720.0)(595.3)
Accumulated other comprehensive earnings............................................................................... 182.7 145.6
Total equity............................................................................................................................. 8,940.6 9,028.2
Total liabilities and equity.................................................................................................... £ 19,163.1 £ 19,311.2