Five Year Summary
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| all figures in £ millions | 1997 | 1998 | 1999 | 2000 | 2001 |
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| Sales | |||||
| Continuing operations | 1,764 | 1,908 | 2,977 | 3,689 | 4,225 |
| Discontinued operations | 529 | 487 | 355 | 185 | – |
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| 2,293 | 2,395 | 3,332 | 3,874 | 4,225 | |
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| Sales – underlying growth before internet enterprises (%) | 6.5 | 6.7 | 7.3 | 9.2 | (0.7) |
| Sales – underlying growth after internet enterprises (%) | 6.5 | 6.7 | 7.6 | 10.5 | (0.3) |
| EBITDA* – before internet enterprises | 393 | 455 | 670 | 780 | 718 |
| EBITDA* – after internet enterprises | 393 | 455 | 631 | 590 | 588 |
| Trading margin – before internet enterprises (%) | 11.5 | 13.1 | 15.2 | 16.5 | 13.6 |
| Trading margin – after internet enterprises (%) | 11.5 | 13.1 | 14.0 | 11.5 | 10.5 |
| Operating profit before internet enterprises,goodwill and other items | |||||
| Pearson Education | 60 | 99 | 257 | 320 | 351 |
| FT Group | 108 | 118 | 150 | 211 | 132 |
| The Penguin Group | 58 | 48 | 65 | 79 | 80 |
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| Continuing operations | 226 | 265 | 472 | 610 | 563 |
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| Internet enterprises investment | |||||
| Pearson Education | – | – | (3) | (83) | (77) |
| FT Group | – | – | (36) | (113) | (60) |
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| – | – | (39) | (196) | (137) | |
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| Adjusted eps – before internet enterprises** | 31.2p | 37.5p | 47.6p | 54.6p | 39.2p |
| Adjusted eps – after internet enterprises** | 31.2p | 37.5p | 43.3p | 31.9p | 22.5p |
| Dividends per share** | 17.4p | 18.8p | 20.1p | 21.4p | 22.3p |
| Net assets | 156 | 1,084 | 1,327 | 4,209 | 3,764 |
| Deferred taxation and other provisions | 212 | 273 | 227 | 266 | 244 |
| Net debt | 707 | 2,279 | 1,995 | 2,301 | 2,379 |
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| Capital employed | 1,075 | 3,636 | 3,549 | 6,776 | 6,387 |
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| Free cash flow per share* – before internet enterprises** | 19.9p | 40.3p | 48.5p | 49.1p | 45.3p |
| Free cash flow per share* – after internet enterprises** | 19.9p | 40.3p | 43.4p | 23.0p | 29.6p |
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* Before goodwill amortisation and impairment,
integration costs and non-operating items.
** Restated to reflect the rights issue of equity shares during 2000.
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