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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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