: notes to the accounts :
26. Disposals
| all figures in £ millions | 1999 | 1998 |
|
total
|
total
|
|
| Disposal analysis of subsidiaries and businesses | ||
| Intangible assets |
(1)
|
––
|
| Tangible fixed assets |
(14)
|
(203)
|
| Investments |
––
|
(5)
|
| Associates |
––
|
(6)
|
| Stocks |
(4)
|
(16)
|
| Debtors |
(20)
|
(66)
|
| Creditors and taxation |
22
|
84
|
| Provisions |
5
|
(8)
|
| Deferred taxation |
1
|
13
|
| Equity minority interest |
––
|
(30)
|
| Net cash |
(3)
|
(11)
|
|
|
|
|
| Net assets disposed of |
(14)
|
(248)
|
|
|
|
|
| Proceeds received |
57
|
762
|
| Deferred consideration |
––
|
2
|
| Costs |
(19)
|
(42)
|
| Net prior year adjustments |
(5)
|
––
|
|
|
|
|
| Profit on sale |
19
|
474
|
|
|
|
|
| Goodwill written back |
(63)
|
(245)
|
|
|
|
|
| Net (loss)/profit on sale |
(44)
|
229
|
|
|
|
|
Note : During the year the Group sold its Extel research products business for £19m giving rise to a loss of £19m.
| all figures in £ millions | 1999 | 1998 |
| Total goodwill written back on disposal | ||
| On disposal of subsidiaries |
63
|
245
|
| On disposal of associates |
––
|
16
|
| On disposal by associates |
––
|
1
|
|
|
|
|
|
63
|
262
|
|
|
|
|
|
| all figures in £ millions |
1999
|
1998
|
| Cash flow from disposals | ||
| Cash – current year disposals (see page 88) |
57
|
762
|
| Costs paid |
(9)
|
(38)
|
| Deferred receipts and payments from prior year disposals and other amounts |
(4)
|
(6)
|
|
|
|
|
| Net cash inflow |
44
|
718
|
|
|
|
|
Note : Contributions to the cash flow from disposals in 1999 are as follows: net cash inflow from operating activities £4m.
 |
Top of Page |