EX-12.1 18 vmed-12312012xex121.htm EXHIBIT 12.1 VMED-12.31 2012-Ex 12.1


Exhibit 12.1
VIRGIN MEDIA INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Year ended December 31, 2012
 
  
2012
 
  
2011
 
 
2010
 
2009
 
2008
 
  
(in millions)
Fixed charges:
  
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
Interest
  
£
398.5

  
  
£
440.8

  
  
£
477.8

 
£
455.1

 
£
499.3

Interest portion of rental expense
  
 
10.0

  
  
 
15.7

  
  
 
17.6

 
 
16.1

 
 
10.6

 
  
 
 
 
  
 
 
 
  
 
477.8
 
 
 
 
 
 
Fixed charges
  
£
408.5

  
  
£
456.5

  
  
£
495.4

 
£
471.2

 
£
509.9

 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings:
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
  
£
261.4

  
  
£
93.4

  
  
£
(177.5
)
 
£
(361.1
)
 
£
(813.1
)
Fixed charges
  
 
408.5

  
  
 
456.5

  
  
 
495.4

 
 
471.2

 
 
509.9

Less: capitalized interest
  
 
—

  
  
 
—

  
  
 
—

 
 
—

 
 
—

 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
Total earnings (deficit)
  
£
669.9

  
  
£
549.9

  
  
£
317.9

 
£
110.1

 
£
(303.2
)
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
Ratio of total earnings to fixed charges (deficiency in the coverage of fixed charges by earnings before fixed charges)(1)
  
 
1.6x

 
  
 
1.2 x

 
  
£
(177.5
)
 
£
(361.1
)
 
£
(813.1
)
 
(1)
Earnings for each of the years ended December, 31 2010, 2009 and 2008 were inadequate to cover fixed charges by the amounts indicated in this row.