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  pearson annual report 2000    

Notes to the Accounts

   
 

2b. Analysis of operating profit

  2000


all figures in £ millions results from
operations
internet
enterprises
integration
costs
goodwill
amortisation
operating
profit


Business sectors          
Pearson Education 320 (83) (13) (157) 67
FT Group 211 (113) – (53) 45
The Penguin Group 79 – (27) (14) 38
Television 68 – – (15) 53


Continuing operations 678 (196) (40) (239) 203
Discontinued operations 8 – – – 8


  686 (196) (40) (239) 211


Geographical markets supplied          
United Kingdom 89 (90) (16) (22) (39)
Continental Europe 124 (8) – (14) 102
North 405 (97) (21) (203) 84
Asia Pacific 26 – (3) – 23
Rest 34 (1) – – 33


Continuing operations 678 (196) (40) (239) 203
Discontinued operations 8 – – – 8


  686 (196) (40) (239) 211


 

  1999


all figures in £ millions results from
operations
internet
enterprises
integration
costs
year 2000
costs
goodwill
amortisation
operating
profit


Business sectors            
Pearson Education 257 (3) (95) (2) (121) 36
FT Group 150 (36) – (2) (9) 103
The Penguin Group 65 – – (1) – 64
Television 68 – – – (1) 67


Continuing operations 540 (39) (95) (5) (131) 270
Discontinued operations 48 – – – – 48


  588 (39) (95) (5) (131) 318


Geographical markets supplied            
United Kingdom 46 (34) (14) (2) – (4)
Continental Europe 110 (1) (2) – (4) 103
North 340 (4) (72) (3) (127) 134
Asia Pacific 29 – (6) – – 23
Rest 15 – (1) – – 14


Continuing operations 540 (39) (95) (5) (131) 270
Discontinued operations 48 – – – – 48


  588 (39) (95) (5) (131) 318


note • Integration costs include costs in respect of the Simon & Schuster acquisition in 1998 and the Dorling Kindersley and National Computer Systems acquisitions in 2000. Discontinued operations relate to the withdrawal of the Group from the banking business following its disposal of Lazard in March 2000. Analyses of the profits of joint ventures and associates are shown in notes 14 and 15. Internet enterprises consists of the Group’s discrete internet operations, principally FT.com and Learning Network. The Pearson Education business sector (results from operations) includes £15m in respect of National Computer Systems and The Penguin Group business sector (results from operations) includes £nil in respect of Dorling Kindersley, both of which were acquired during 2000. Of the exceptional expense of £40m charged to the profit and loss account in 2000, £21m was charged against provisions.

2000 Annual Report
* Introduction
* Chairman's letter
* Chief executive's review
* The Pearson Goals
* Internet Enterprises
* The Results
* Pearson Education
* The Penguin Group
* The Financial Times Group
* Recoletos
* Financial Review
* The Board
* Directors' Report
* Personnel Committee Report
* Consolidated profit and loss account
* Consolidated balance sheet
* Consolidated statement of cash flows
* Statement of total recognised gains and losses
* Reconciliation of movements in equity shareholders' funds
* Report to the Auditors to the Members of Pearson plc
* Principal subsidiaries and associates
* Five year summary
* Corporate and Operating Measures
* Shareholder information
* Notes to the accounts
 

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