: notes to the accounts :
14. Other fixed asset investments
| all figures in ｣ millions |
1999
|
1998
|
||
|
valuation
|
book value
|
valuation
|
book value
|
|
| Listed |
51
|
16
|
2
|
1
|
| Unlisted |
83
|
83
|
331
|
167
|
|
|
|
|
||
|
134
|
99
|
333
|
168
|
|
|
|
|
|
||
Note : During the year the Group sold its interest in BSB Holdings Ltd for ｣408m which, together with the disposal of an indirect interest in BSkyB for ｣30m, gave rise to a profit on sale of ｣348m before tax estimated at ｣91m. If all investments were realised at valuation there would be an estimated liability for taxation, at year end rates, of ｣10m.
| all figures in ｣ millions |
BSBH
|
other
|
total
|
|
|
|
|
|
| Summary of movements |
|
|
|
| At 31 December 1998 |
90
|
78
|
168
|
| Exchange differences |
末
|
(8)
|
(8)
|
| Additions |
末
|
24
|
24
|
| Transfers |
末
|
2
|
2
|
| Disposals |
(90)
|
末
|
(90)
|
| Release of provisions for permanent diminution in value |
--
|
3
|
3
|
|
|
|
||
| Book value at 31 December 1999 |
末
|
99
|
99
|
|
|
|
||
| Valuation at 31 December 1999 |
末
|
134
|
134
|
|
|
|
||
Note : The Pearson Employee Share Trust and Pearson plc Employee Share Ownership Trust hold 953,057 (1998: 386,977) Pearson plc ordinary shares with a market value of ｣19m at 31 December 1999 (1998: ｣5m) inclusive of accumulated scrip dividend shares. Amounts included within other fixed asset investments for own shares are ｣10m. In 1998, ｣2m was included in debtors.
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