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  Pearson Annual Report 1997    

Notes to the Accounts

   
 

19. Deferred taxation

 



All figures in millions  
Summary of movements  
At 31 December 1996 30.3
Exchange differences (1.5)
Subsidiary undertakings acquired/ disposed 0.7
Net charges for the year 12.9
Transfer to current taxation (5.2)


At 31 December 1997 37.2


  1997 1996
All figures in millions    
Deferred taxation derives from    
Capital allowances 25.3 21.6
Revalued assets - 1.1
Other timing differences 11.9 7.6



  37.2 30.3



Deferred taxation not provided    
Relating to revalued assets and timing differences 6.7 7.2
Relating to gains subject to rollover relief 17.8 18.9



  24.5 26.1



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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