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:DisclosureOfBusinessCombinationsExplanatory

    30. Business combinations

    There were no significant acquisitions in 2017 or 2016.

    Fair values for the assets and liabilities arising from acquisitions completed in the year are as follows:

     

                2017      2016  

    All figures in £ millions

       Notes      Total
    fair value
         Total
    fair value
     

    Intangible assets

         11               10  

    Net assets acquired at fair value

                   10  

    Goodwill

         11               3  

    Total

                   13  

    Satisfied by:

            

    Cash

                   (7
         

     

     

        

     

     

     

    Other liabilities

                   (6
         

     

     

        

     

     

     

    Total consideration

                   (13
         

     

     

        

     

     

     

    Goodwill of £3m arising on 2016 acquisitions is expected to be deductible for tax purposes.

    Intangible assets acquired in 2016 have the following useful economic lives: trademarks and brands 15 years, and other acquired intangibles six years.

     

    All figures in £ millions

       2017     2016     2015  

    Cash flow on acquisitions

          

    Cash – current year acquisitions

               (7     (1

    Deferred payments for prior year acquisitions and other items

         (11     (7     (6

    Acquisition costs and other acquisition liabilities paid

               (1     (2
      

     

     

       

     

     

       

     

     

     

    Net cash outflow

         (11     (15     (9