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: consolidated profit and loss account :

   
 

year ended 31 dec 1999





all figures in millions
 
1999
 
 
1998
 
 
 
operating
activities
other
items
 
operating
activities
other
items
 
 
 
total
total
note
 
 
 
 
 
 
 
 
Sales
 
 
 
 
 
 
 
Continuing operations
3,304
3,304
2,251
2,251
 
Acquisitions
28
28
 




 
3,332
3,332
2,251
2,251
 
Discontinued operations
144
144
 




Total sales
3,332
3,332
2,395
2,395
2
Cost of sales
(1,414)
(10)
(1,424)
(1,127)
(49)
(1,176)
3




Gross profit
1,918
(10)
1,908
1,268
(49)
1,219
 
Net operating expenses before goodwill amortisation
(1,441)
(90)
(1,531)
(930)
(78)
(1,008)
 
Net operating expenses goodwill amortisation
(130)
(130)
(12)
(12)
3




Net operating expenses
(1,571)
(90)
(1,661)
(942)
(78)
(1,020)
3




Operating profit
 
 
 
 
 
 
 
Continuing operations Group
350
(100)
250
303
(127)
176
 
Acquisitions Group
(3)
(3)
 




 
347
(100)
247
303
(127)
176
 
Discontinued operations Group
23
23
 




Total operating profit Group
347
(100)
247
326
(127)
199
 




Share of operating profit of associates:
 
 
 
 
 
 
 
Continuing operations
24
24
11
11
 
Acquisitions after goodwill amortisation of 」1m
(1)
(1)
 




 
23
23
11
11
Discontinued operations
48
48
40
40




Total share of operating profit of associates
71
71
51
51
Total operating profit analysed between:
 
 
 
 
 
 
 
Operating profit before internet enterprises and
 
 
 
 
 
 
 
goodwill amortisation
588
(100)
488
389
(127)
262
2
Internet enterprises
(39)
(39)
2
Goodwill amortisation
(131)
(131)
(12)
(12)
 




Total operating profit
418
(100)
318
377
(127)
250
2




Continuing operations:
 
 
 
 
 
 
 
Profit on sale of fixed assets and investments
 
 
352
 
 
142
(Loss)/profit on sale of businesses and associates
 
 
(44)
 
 
50
5
Discontinued operations:
 
 
 
 
 
 
 
Profit on sale of businesses and associates
 
 
 
 
215
5




 
 
 
308
 
 
407
 
Continuing operations:
 
 
 
 
 
 
 
Profit on sale of businesses and associates
 
 
 
 
 
 
 
by an associate
 
 
1
 
 
11




Profit before interest
 
 
627
 
 
668
 
Net interest payable Group
 
 
(145)
 
 
(36)
6
Net interest payable associates
 
 
(2)
 
 
(3)




Total net interest payable
 
 
(147)
 
 
(39)
 




Profit before taxation
 
 
480
 
 
629
 
Taxation
 
 
(180)
 
 
(188)
7




Profit after taxation
 
 
300
 
 
441
 
Equity minority interests
 
 
(6)
 
 
(4)
 




Profit for the financial year
 
 
294
 
 
437
 
Dividends on equity shares
 
 
(138)
 
 
(126)




Profit retained
 
 
156
 
 
311
 




Adjusted earnings per equity share before
 
 
 
 
 
 
 
internet enterprises
 
 
53.3p
 
 
42.0p
9
Adjusted earnings per equity share after
 
 
 
 
 
 
 
internet enterprises
 
 
48.5p
 
 
42.0p
Earnings per equity share
 
 
48.2p
 
 
74.1p
Diluted earnings per equity share
 
 
47.5p
 
 
73.3p
Dividends per equity share
   
22.5p
   
21.0p




 

 

* Introduction
* Chairman's letter
* Chief executive's review
* The Pearson Goals
* Internet Goals
* The Results
* Financial Review
* Financial Policy
* Directors' Report
* Personnel Committee Report
* Pearson Education
* Penguin Group
* Financial Times Group
* Pearson Televison
* Recolétos
* Lazard
* 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
* Report to the Auditors to the Members of Pearson plc
* Principal subsidiaries and associates
* Five year summary
* Shareholder information
* Notes to the accounts
 

* Top of Page