Pearson plc homepageinvestor relations
  Pearson Annual Report 2001    

Consolidated Profit and Loss Account

   
 
Year ended 31 Dec 2001




    2001 2000
all figures in millions note results
from
operations
other
items
total results
from
operations
other
items
total




Sales (including share of joint ventures)   4,240 4,240 3,891 3,891
Less: share of joint ventures   (15) (15) (17) (17)




Sales of which 2a 4,225 4,225 3,874 3,874
Continuing operations   4,225 4,225 3,689 3,689
Discontinued operations   185 185




Group operating profit of which   444 (431) 13 450 (228) 222
Continuing operations   444 (431) 13 421 (227) 194
Discontinued operations   29 (1) 28




Share of operating loss of joint ventures and associates of which 2c 19 (86) (67) 40 (51) (11)
Continuing operations   (18) (51) (69) (7) (37) (44)
Discontinued operations   37 (35) 2 47 (14) 33




Total operating (loss)/profit 2b 463 (517) (54) 490 (279) 211




Continuing operations              
Group loss on sale of fixed assets and investments 4 (12) (12) (4) (4)
Group (loss)/profit on sale of subsidiary undertakings and associates 5 (58) (58) 30 30
Loss on sale of subsidiary undertakings and associates by an associate 15 (36) (36) (3) (3)
Discontinued operations              
Group profit on sale of subsidiary undertakings and associates 5 231 231
Loss on sale of subsidiary undertakings and associates by an associate 15 (17) (17)




(Loss)/profit before interest and taxation   463 (640) (177) 490 (25) 465
Amounts written off investments 16 (92) (92)
Net finance costs 6 (169) (169) (157) (24) (181)




(Loss)/profit before taxation   294 (732) (438) 333 (49) 284
Taxation 8 (92) 159 67 (87) (19) (106)




(Loss)/profit after taxation   202 (573) (371) 246 (68) 178
Equity minority interests   (23) 3 (20) (14) 15 1




(Loss)/profit for the financial year   179 (570) (391) 232 (53) 179
Dividends on equity shares 9     (177)     (164)




(Loss)/profit retained       (568)     15




Adjusted earnings per share before internet enterprises 10     39.2p     54.6p
Adjusted earnings per share after internet enterprises 10     22.5p     31.9p
(Loss)/earnings per share 10     (49.2)p     24.6p
Diluted earnings per share 10     n/a     24.0p
Dividends per share 9     22.3p     21.4p




The 2001 profit and loss account has been presented in a simpler format, the 2000 comparatives have been restated accordingly.

There is no difference between the loss on ordinary activities before taxation and the retained loss stated aboveand their historical cost equivalents.

 
 

*