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  Pearson Annual Report 1998    

Financial Data

   
 

Consolidated Balance Sheet

As at 31 December 1998

 

  1998 1997  




ALL FIGURES IN MILLIONS     note
Fixed assets      
Intangible assets 2,330 11
Tangible assets 435 506 12
Investments:      
Associates 145 198 13
Other 168 140 14




  3,078 844  




Current assets      
Stocks 614 379 15
Debtors 1,127 807 16
Investments 153 8 17
Cash at bank and in hand 345 215 18




  2,239 1,409  




Creditors – amounts falling due within one year      
Short term borrowing (72) (313) 19
Other creditors (1,282) (918) 20




  (1,354) (1,231)  




Net current assets 885 178  




Total assets less current liabilities 3,963 1,022  
Creditors – amounts falling due after more than one year      
Medium and long term borrowing (2,552) (609) 19
Other creditors (54) (45) 20




  (2,606) (654)  
Provisions for liabilities and charges      
Deferred taxation (20) (37) 21
Other provisions for liabilities and charges (253) (175) 22




Net assets 1,084 156  




Capital and reserves      
Called up share capital 152 144 23
Share premium account 498 158 24
Revaluation reserve 1 3 24
Other reserves 1 1 24
Profit and loss account 396 (154) 24




Equity shareholders’ funds 1,048 152  
Equity minority interests 36 4  




  1,084 156  




The Company balance sheet is shown in note 31.

The financial statements were approved by the board of directors on 10 March 1999 and signed on its behalf by

Sir Dennis Stevenson

John Makinson

1998 Annual Report
* Introduction
* Chairman's statement
* Chief Executive's review
* Financial Review
* Financial Policy
* Report of the directors
* Personnel committee report
* Auditors' report
* Consolidated profit and loss account
* Consolidated balance sheet
* Consolidated statement of cash flows
* Statement of total recognised gains and losses
* Note of historical cost profits and losses
* Reconciliation of movements in equity shareholders' funds
* Principal subsidiaries and associates
* Five year summary
* Shareholder information
   
* Notes to the accounts

 

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