Notes to the Accounts
23. Other provisions for liabilities and charges
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| all figures in £ millions | post- retirement |
deferred consideration |
integration | reorganisations | leases | other | total |
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| At 31 December 2000 | 109 | 56 | 39 | 16 | 20 | 17 | 257 |
| Exchange differences | 1 | 1 | 1 | – | – | – | 3 |
| Subsidiary undertakings acquired/disposed | 5 | – | – | – | – | 3 | 8 |
| Deferred consideration arising on acquisitions | – | 10 | – | – | – | – | 10 |
| Transfer from creditors | – | – | – | – | – | (1) | (1) |
| Released | – | – | (2) | (3) | – | (2) | (7) |
| Provided | 39 | – | 16 | 22 | 2 | 3 | 82 |
| Utilised | (31) | (42) | (25) | (6) | (3) | (6) | (113) |
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| At 31 December 2001 | 123 | 25 | 29 | 29 | 19 | 14 | 239 |
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note
a. Post-retirement provisions are in respect of pensions, £61m (2000:
£46m) and post-retirement medical benefits, £62m (2000: £63m).
b. Deferred consideration. During the year, £30m of the balance was utilised
in respect of the purchase of Forum in 2000. The balance is expected to
be utilised during 2002.
c. Integration. £14m has been provided relating to the acquisitions of
Dorling Kindersley and NCS in 2000. During the year, £25m has been utilised
mainly in respect of the integration of Simon & Schuster, Dorling
Kindersley and NCS. The balance is expected to be utilised in the year
ended 31 December 2002.
d. Reorganisations. £22m has been provided during 2001, mostly relating
to the restructuring of the Learning Network. The balance is expected
to be utilised during 2002.
e. Lease commitments. These relate primarily to onerous lease contracts,
acquired as part of the purchase of subsidiary undertakings, which have
expiry dates up to 2010. The provision is based on current occupancy estimates
and it has been assumed that the properties will not be sublet.
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