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  Pearson Annual Report 1998    

Notes to the Accounts

   
 

5. Profit/(loss) on sale of businesses and associates

 

  1998 1997



ALL FIGURES IN MILLIONS    
Continuing operations:    
Profit on sale of Law & Tax publishing business (see note 26) 61 –
Profit on sale of 20% of Recoletos (see note 26) 34 –
Loss on sale of Register group (see note 26) (20) –
Loss on closure of Simon & Schuster businesses (see note 26) (10) –
Profit on sale of Churchill Livingstone 2 30
Profit on sale of Troll Communications LLC – 13
Net loss on sale of other businesses and associates (25) (10)
Profit on sale of Canadian Financial Post (see note 13) 8 –



  50 33



Discontinued operations:    
Profit on sale of The Tussauds Group (see note 26) 157 –
Profit on sale of Pearson New Entertainment (see note 26) 41 –
Profit on sale of Port Aventura SA (see note 13) 28 –
Loss on sale of Mindscape Inc. (see note 26) (11) –
Provision against goodwill on the sale of Mindscape Inc. – (212)



  215 (212)



Taxation (63) (1)



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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