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  Pearson Annual Report 2001    

Notes to the Accounts

   
 

27. Disposals




all figures in millions 2001 2000



Disposal of subsidiary undertakings    
Intangible assets (53) (35)
Tangible fixed assets (7) (3)
Stocks (2) (18)
Debtors (15) (4)
Creditors 14
Provisions 1 7
Equity minority interest (50)



Net assets disposed of (62) (103)
Proceeds received 49 192
Costs (7) (27)
Net prior year adjustments (1) (5)



(Loss)/profit on sale (21) 57
Goodwill written back from reserves (37) (27)


 
Net (loss)/profit on sale (58) 30








all figures in millions 2001 2000



Total goodwill written back from reserves    
On disposal of subsidiaries and associates 37 68
On disposal of subsidiaries and associates by an associate 36



  73 68








all figures in millions 2001 2000



Cash flow from disposals    
Cash current year disposals 49 192
Costs paid (8) (27)
Deferred receipts and payments from prior year disposals and other amounts (7)



Net cash inflow 41 158



 
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