Thread: Only 100 Customers/Day Leaving VM
View Single Post
Old 04-03-2007, 19:05   #48
AndyCambs
Inactive
 
Join Date: Sep 2005
Location: Peterborough
Services: Virgin Media XL Broadband XL Virgin Mobile V+ installed! and a happy Virgin Media customer
Posts: 2,560
AndyCambs has reached the bronze age
AndyCambs has reached the bronze ageAndyCambs has reached the bronze ageAndyCambs has reached the bronze age
Re: Only 100 Customers/Day Leaving VM
Quote:
Originally Posted by foreverwar View Post
vms, you missed a bit out......

"OCF in the fourth quarter has been negatively impacted by £19.1m of implementation costs relating to the merger with Telewest (Q3-06: £14.2m), £5.0m of rebrand expenses (Q3-06: £0m) and £2.3m of legal and professional costs related to M&A activity (Q3-06: £0m)."

So that would be another £26.4m of profits that were offset as merger costs.

ps - love your caveat at the bottom of your web page -
"Note to lawyers: I am very well aware of WIPO regulations and trademark laws so please don't send any pointless threatening letters."
Very true - most companies will want to assign as much allowable expenses against profits to reduce taxation to the minimum.
AndyCambs is offline   Reply With Quote