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31. Disposals
All figures in £ millions | 2007 | 2006 | ||||
---|---|---|---|---|---|---|
Government Solutions | Les Echos | Datamark | Other | Total | Total | |
Disposal of subsidiaries | ||||||
Property, plant and equipment | (10) | (3) | (3) | – | (16) | – |
Intangible assets | (6) | – | – | – | (6) | – |
Inventories | – | – | (1) | – | (1) | – |
Trade and other receivables | (63) | (26) | (5) | (1) | (95) | – |
Cash and cash equivalents | – | (14) | – | – | (14) | – |
Deferred income tax liabilities | – | 2 | – | – | 2 | – |
Trade and other liabilities | 23 | 42 | 6 | 2 | 73 | (1) |
Retirement benefit obligations | – | 3 | – | – | 3 | – |
Provisions for other liabilities and charges | – | 1 | – | – | 1 | – |
Equity minority interests | – | – | – | (8) | (8) | (4) |
Attributable goodwill | (221) | (4) | (17) | (8) | (250) | (5) |
Cumulative translation adjustment | (53) | – | – | – | (53) | – |
Net (assets)/liabilities disposed | (330) | 1 | (20) | (15) | (364) | (10) |
Cash received | 286 | 174 | 20 | 15 | 495 | 10 |
Other proceeds received | 35 | – | – | – | 35 | – |
Costs | (10) | (10) | – | – | (20) | – |
(Loss)/profit on sale | (19) | 165 | – | – | 146 | – |
2007 | 2006 | |
---|---|---|
Cash flow from disposals | ||
Cash – Current year disposals | 495 | 10 |
Costs paid | (12) | – |
Cash and cash equivalents disposed | (14) | – |
Net cash inflow | 469 | 10 |
Details of the businesses disposed are shown in note 3.
The proceeds received for the sale of Government Solutions include £286m in cash, £20m in Loan Stock and a 10% interest in the acquiring company valued at £15m.
Other includes share options exercised in Interactive Data.