PPT Slide
(in € millions except subs) 2003 2004 2005 2006
Average Subs. (in 000’s) 2,187 2,769 3,225 3,535
Revenues 1,172 1,627 1,987 2,260
Programming Costs 876 995 1,007 959
Operating Income (342) - 342 675
Operating Cash Flow (378) 83 325 672
Lease Repayments 39 24 4 -
Net Cash Flow (471) 16 263 602
Peak Funding Complete After Year One