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  Pearson Annual Report 1998    

Notes to the Accounts

   
 

22. Other provisions for liabilities and charges

 


ALL FIGURES IN MILLIONS

 

 Post-retirement 

 Other 

 Total 

At 31 December 1997

34

141

175

Exchange differences

(1)

(1)

Subsidiary undertakings acquired/disposed

63

31

94

Deferred consideration arising on acquisitions 

1

1

Transfers

7

7

Released

(1)

(1)

(2)

Provided

14

47

61

Utilised

(10)

(72)

(82)



At 31 December 1998

100

153

253

NOTE: Post-retirement provisions are in respect of pensions, £30m and post-retirement medical benefits, £70m. Other provisions are mainly in respect of future costs relating to the purchase of subsidiary and associated undertakings £34m, litigation £12m, reorganisations and redundancies £51m, disposals and closures £6m, and lease commitments £35m. Amounts utilised include £5m in respect of provisions relating to subsidiary undertakings acquired.

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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