PEARSON PLC | CIK:0000938323 | 3

  • Filed: 4/4/2018
  • Entity registrant name: PEARSON PLC (CIK: 0000938323)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/938323/000119312518106891/0001193125-18-106891-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/938323/000119312518106891/pso-20171231.xml
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  • ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory

    All figures in £ millions

       Land and
    buildings
        Plant and
    equipment
        Assets in
    course of
    construction
        Total  

    Cost

            

    At 1 January 2016

         359       508       22       889  

    Exchange differences

         44       83       2       129  

    Additions

         26       59       4       89  

    Disposals

         (26     (100           (126

    Disposal through business disposal

         (1     (2           (3

    Reclassifications

         (4     12       (8      
      

     

     

       

     

     

       

     

     

       

     

     

     

    At 31 December 2016

         398       560       20       978  
      

     

     

       

     

     

       

     

     

       

     

     

     

    Exchange differences

         (20     (29     (2     (51

    Additions

         26       40       24       90  

    Disposals

         (13     (34           (47

    Disposal through business disposal

         (11     (5           (16

    Reclassifications

         5       8       (13      

    Transfer to intangible assets

               (11           (11

    Transfer to assets classified as held for sale

         (55     (2           (57
      

     

     

       

     

     

       

     

     

       

     

     

     

    At 31 December 2017

         330       527       29       886  
      

     

     

       

     

     

       

     

     

       

     

     

     

     

    All figures in £ millions

       Land and
    buildings
        Plant and
    equipment
        Assets in
    course of
    construction
         Total  

    Depreciation

             

    At 1 January 2016

         (192     (377            (569

    Exchange differences

         (26     (62            (88

    Charge for the year

         (34     (61            (95

    Disposals

         22       95              117  

    Reclassifications

         1       (1             
      

     

     

       

     

     

       

     

     

        

     

     

     

    At 31 December 2016

         (229     (406            (635
      

     

     

       

     

     

       

     

     

        

     

     

     

    Exchange differences

         12       23              35  

    Charge for the year

         (35     (55            (90

    Disposals

         9       26              35  

    Disposal through business disposal

         6       3              9  

    Transfer to assets classified as held for sale

         40       1              41  
      

     

     

       

     

     

       

     

     

        

     

     

     

    At 31 December 2017

         (197     (408            (605
      

     

     

       

     

     

       

     

     

        

     

     

     

    Carrying amounts

             

    At 1 January 2016

         167       131       22        320  

    At 31 December 2016

         169       154       20        343  
      

     

     

       

     

     

       

     

     

        

     

     

     

    At 31 December 2017

         133       119       29        281  
      

     

     

       

     

     

       

     

     

        

     

     

     

    Depreciation expense of £23m (2016: £21m) has been included in the income statement in cost of goods sold and £67m (2016: £74m) in operating expenses.

    The Group leases certain equipment under a number of finance lease agreements. The net carrying amount of leased plant and equipment included within property, plant and equipment was £9m (2016: £10m).