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  Pearson Annual Report 2001    

Notes to the Accounts

   
 

2b. Analysis of total operating (loss)/profit



  2001
all figures in £ millions results
from
operations
before
internet
enterprises
internet
enterprises
results
from
operations
integration
costs
goodwill
amortisation
goodwill
impairment
operating
loss


Business sectors              
Pearson Education 351 (77) 274 (29) (260) (8) (23)
FT Group 132 (60) 72 – (67) (3) 2
The Penguin Group 80 – 80 (45) (20) (50) (35)


Continuing operations 563 (137) 426 (74) (347) (61) (56)


Discontinued operations 37 – 37 – (35) – 2


  600 (137) 463 (74) (382) (61) (54)


Geographical markets supplied              
United Kingdom 16 (53) (37) (33) (27) (55) (152)
Continental Europe 55 (10) 45 – (6) – 39
North America 470 (73) 397 (41) (309) (3) 44
Asia Pacific 24 – 24 – (4) – 20
Rest of world (2) (1) (3) – (1) (3) (7)


Continuing operations 563 (137) 426 (74) (347) (61) (56)


Discontinued operations 37 – 37 – (35) – 2


  600 (137) 463 (74) (382) (61) (54)





  2000
all figures in £ millions results
from
operations
before
internet
enterprises
internet
enterprises
results
from
operations
integration
costs
goodwill
amortisation
goodwill
impairment
operating
profit


Business sectors              
Pearson Education 320 (83) 237 (13) (157) – 67
FT Group 211 (113) 98 – (53) – 45
The Penguin Group 79 – 79 (27) (14) – 38


Continuing operations 610 (196) 414 (40) (224) – 150
Discontinued operations 76 – 76 – (15) – 61


  686 (196) 490 (40) (239) – 211


Geographical markets supplied              
United Kingdom 82 (90) (8) (16) (20) – (44)
Continental Europe 83 (8) 75 – (1) – 74
North America 398 (97) 301 (21) (203) – 77
Asia Pacific 26 – 26 (3) – – 23
Rest of world 21 (1) 20 – – – 20


Continuing operations 610 (196) 414 (40) (224) – 150


Discontinued operations 76 – 76 – (15) – 61


  686 (196) 490 (40) (239) – 211


note Internet enterprises consist of the Group’s discrete internet operations, principally FT.com and Learning Network. Integration costs in 2001 and 2000 include costs in respect of the Dorling Kindersley and National Computer Systems acquisitions and, in 2000, the Simon & Schuster acquisition. In 2001, of the goodwill impairment charge, £58m relates to the impairment of goodwill arising on acquisition of subsidiaries (see note 12) and £3m relates to the impairment of goodwill arising on acquisition of associates (see note 15). Integration costs, goodwill amortisation and goodwill impairment are included as other items in the profit and loss account. Discontinued operations arising in 2001 relate to the withdrawal of the Group from the television business following the disposal of its 22% interest in the RTL Group on 30 January 2002. Discontinued operations arising in 2000 relate to the withdrawal of the Group from the banking business following the disposal of Lazard in March 2000.

 
 

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