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  Pearson Annual Report 1997    

Financial Data

   
 

Consolidated Balance Sheet

As at 31 December 1997

 

  1997 1996  
All Figures in Million     Note




Fixed assets      
Tangible assets 506.0 484.0 10
Investments:      
Partnerships and associated undertakings 197.9 182.6 11
Other 140.0 242.0 12




  843.9 908.6  




Current assets      
Stocks 379.3 360.7 13
Debtors 807.0 669.8 14
Investments 7.9 7.9 15
Cash and liquid resources 214.8 299.0 16




  1,409.0 1,337.4  




Creditors - amounts falling due within one year      
Short term borrowing (313.1) (174.2) 17
Other creditors (918.4) (919.8) 18




  (1,231.5) (1,094.0)  




Net current assets 177.5 243.4  
       
Total assets less current liabilities 1,021.4 1,152.0  
Creditors - amounts falling due after more than one year      
Medium and long term borrowing (608.8) (555.2) 17
Other creditors (44.8) (15.1) 18




  (653.6) (570.3)  
Provisions for liabilities and charges      
Deferred taxation (37.2) (30.3) 19
Other provisions for liabilities and charges (174.6) (159.1) 20




Net assets 156.0 392.3  




Capital and reserves      
Called up share capital 144.2 142.8 21
Share premium account 157.6 129.5 22
Revaluation reserves 3.1 5.4 22
Other reserves 1.2 1.2 22
Profit and loss account (153.6) 109.7 22




Equity shareholders' funds 152.5 388.6  
Equity minority interests 3.5 3.7  




  156.0 392.3  




The Company balance sheet is shown in note 29.

The final statements were approved by the board of directors on 16 March 1998 and signed on its behalf by

Sir Dennis Stevenson

John Makinson

1997 Annual Report
* Group summary
* Information
* Education
* Entertainment
* Investment banking
* Chairman's statement
* Chief Executive's review
* Financial Review
* Financial Policy
* 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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