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:DisclosureOfDetailedInformationAboutHedgesExplanatory

    The Group’s approach to the management of financial risks is set out in note 19. The Group’s outstanding derivative financial instruments are as follows:

     

         2017     2016  

    All figures in £ millions

       Gross notional
    amounts
         Assets      Liabilities     Gross notional
    amounts
         Assets      Liabilities  

    Interest rate derivatives – in a fair value hedge relationship

         799        23        —       2,157        68        (4 ) 

    Interest rate derivatives – not in a hedge relationship

         429        3        —       1,187        3        (7 ) 

    Cross-currency rate derivatives – in a hedge relationship

         1,522        114        (140 )      1,622        100        (253 ) 
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

        

     

     

     

    Total

         2,750        140        (140 )      4,966        171        (264 ) 
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

        

     

     

     

    Analysed as expiring:

                    

    In less than one year

         —        —        —       162        —        —  

    Later than one year and not later than five years

         1,638        65        (95 )      2,776        86        (157 ) 

    Later than five years

         1,112        75        (45 )      2,028        85        (107 ) 
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

        

     

     

     

    Total

         2,750        140        (140 )      4,966        171        (264 )