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  Pearson Annual Report 1998    

Notes to the Accounts

   
 

20. Other Creditors

 

  1998 1997

ALL FIGURES IN MILLIONS


     
Amounts falling due within one year    
Trade creditors 371 273
Taxation 299 225
Social security and other taxes 33 27
Other creditors 101 42
Accruals and deferred income 388 282
Obligations under finance leases 9
Dividends 81 69



  1,282 918



Amounts falling due after one year    
Trade creditors 21 19
Other creditors 7 5
Accruals and deferred income 16 20
Obligations under finance leases 10 1



  54 45



NOTE: Accruals and deferred income includes £7m (1997:£10m) relating to the unamortised profit arising out of the unwinding of a sterling interest rate swap in 1994. The swap was arranged in 1992 in connection with the issue of £100m 10.75% Euro-sterling Bonds 2002. The profit is being amortised over the remaining life of the bonds. £5m is due after one year. None of the amount falls due after five years.

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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