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  pearson annual report 2000    

Notes to the Accounts

   
 

28. Disposals

all figures in millions 2000 1999



Disposal of subsidiaries and businesses    
Intangible assets (35) (1)
Tangible fixed assets (3) (14)
Stocks (18) (4)
Debtors (4) (20)
Creditors 22
Provisions 7 5
Deferred taxation 1
Equity minority interest (50)
Net cash (3)



Net assets disposed (103) (14)
Proceeds 192 57
Costs (27) (19)
Net prior year adjustments (5) (5)



Profit on sale 57 19
Goodwill written back from reserves (27) (63)



Net profit/(loss) on sale 30 (44)



all figures in millions 2000 1999



Total goodwill written back from reserves    
On disposal of subsidiaries 27 63
On disposal of associates (see note 15) 41



  68 63



all figures in millions 2000 1999



Cash flow from disposals    
Cash current year disposals 192 57
Costs paid (27) (9)
Deferred receipts and payments from prior year disposals and other amounts (7) (4)



Net cash inflow 158 44



note Contributions to the cash flow from disposals in 2000 are as follows: net cash outflow from operating activities (8)m and taxation (3)m.

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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