< Previous

Next >

22 Provisions

22 Provisions

All figures in £ millions	Deferred consideration	Integration	Re-organisations	Leases	Other	Total
At 1 January 2005	20	5	11	14	7	57
Exchange differences	2	-	1	1	-	4
Charged to consolidated income statement
- Additional provisions	-	-	-	1	13	14
- Unused amounts reversed	-	-	(1)	(3)	(1)	(5)
On acquisition/disposal	5	-	-	-	-	5
Utilised during year	(1)	(2)	(6)	(1)	(1)	(11)
At 31 December 2005	26	3	5	12	18	64
All figures in £ millions				2005	2004	2003
Analysis of provisions
Non-current				31	43	59
Current				33	14	18
Total				64	57	77

Deferred consideration - During the year, additional deferred consideration of £5m was incurred mainly relating to the acquisition of Index books.

Integration - During the year, £2m of this balance has been utilised, primarily in relation to properties, severance and IT systems. The remaining provision should be utilised in the next two years.

Reorganisations - There were no additional provisions in 2005 and £5m has been utilised, mainly in respect of redundancies.

Lease commitments - These relate primarily to onerous lease contracts, acquired through business combinations, which have various expiry dates up to 2010. The provision is based on current occupancy estimates.

back to top