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  Pearson Annual Report 1997    

Notes to the Accounts

   
 

18. Other creditors

 

  1997 1996
All figures in millions    
Amounts falling due within one year    
Trade creditors 272.9 288.2
Taxation 224.9 232.3
Social security and other taxes 26.5 26.7
Other creditors 41.7 72.4
Accruals and deferred income 282.2 230.5
Obligations under finance leases 0.4 0.8
Payments received on account 0.4 5.1
Dividends 69.4 63.8



  918.4 919.8



Amounts falling due after one year    
Trade creditors 19.4 -
Other creditors 5.5 3.2
Accruals and deferred income 19.6 11.3
Obligations under finance leases (due within one to two years) 0.3 0.6



  44.8 15.1



Note: Accruals and deferred income includes 10.1m (1996: 12.6m) 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. 7.7m is due after one year. None of the amount falls due after five years.

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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