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  Pearson Annual Report 1997    

Notes to the Accounts

   
 

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

 

  1997 1996
All figures in million    
Continuing operations:    
Provision against goodwill on sale of Mindscape Inc. (see below) (212.0) -
Profit on sale of Churchill Livingstone (see note 24) 30.4 -
Profit on sale of Troll Communications LLC (see note 11) 12.5 -
Net loss on other businesses (see note 24) (9.7) (1.9)
Loss on sale of business and associate (1.5) -



  (180.3) (1.9)



Discontinued operations:    
Profit on sale of Westminster Press (see note 24) - 231.3



Note: On 6 March 1998 Pearson entered into an agreement to sell Mindscape Inc. (see note 31). As a result of this agreement a provision of 212m has been recorded against the goodwill that arose on the acquisition of Mindscape Inc. to reflect its net realisable value.

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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