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  Pearson Annual Report 1997    

Notes to the Accounts

   
 

20. Other provisions for liabilities and charges

 





All figures in millions Post-Retirement Other Total
At 31 December 1996 35.1 124.0 159.1
Exchange differences 0.5 1.2 1.7
Subsidiary undertakings acquired/ disposed - 6.7 6.7
Deferred consideration arising on acquisitions - 18.7 18.7
Transfer 1.0 - 1.0
Released (4.3) (2.8) (7.1)
Provided 14.0 23.5 37.5
Utilised (12.3) (30.7) (43.0)




At 31 December 1997 34.0 140.6 174.6




Note: Post-retirement provisions are in respect of pensions, 18.7m and post-retirement medical benefits, 15.3m. Other provisions are mainly in respect of future costs relating to the purchase of subsidiary and associated undertakings 52.1m, litigation 7.7m, reorganisations and redundancies 40.6m, disposals and closures 2.8m, and lease commitments 31.7m. Amounts utilised include 9.9m, and amounts released 1.7m, in respect of provisions relating to subsidiary undertakings acquired.

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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