EX-99.8 9 ex99_8.htm CONDENSED CONSOLIDATING FINANCIAL INFORMATION ex99_8.htm

EXHIBIT 99.8
 
CONDENSED CONSOLIDATING FINANCIAL INFORMATION

In connection with the DLC unification, we have commenced an internal reorganization that contemplates the amalgamation of Thomson Reuters Corporation and a successor company to Thomson Reuters UK Limited (formerly known as Thomson Reuters PLC). If the reorganization is completed in the first quarter of 2010 as currently expected, Thomson Reuters Corporation will possess all of the rights and be subject to all of the liabilities of the two companies, including the liabilities that are the subject of the cross guarantees that the two parent companies entered into as part of the DLC structure in order to place our creditors in the same position that they would have been in had we been operating under a conventional single parent company structure.

As required by applicable Canadian securities laws, the following condensed consolidating financial information illustrates, in separate columns, the composition of Thomson Reuters Corporation (as issuer of debt securities and as parent company), Thomson Reuters UK Limited (as the guarantor subsidiary of certain Thomson Reuters Corporation debt securities), the other subsidiaries of Thomson Reuters Corporation, eliminations and the consolidated total for the three and nine months ended September 30, 2009 and 2008 and as at September 30, 2009 and December 31, 2008.

Thomson Reuters Corporation and Thomson Reuters UK Limited account for investments in subsidiaries using the equity method for purposes of this consolidating summary financial information.

 
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THOMSON REUTERS CORPORATION
CONDENSED CONSOLIDATING INCOME STATEMENT
(Unaudited)
(millions of U.S. dollars)
 
Thomson Reuters
Corporation
   
Thomson Reuters
UK Limited
   
Non-Guarantor Subsidiaries
   
Eliminations
   
Consolidated
 
                               
For the three months ended September 30, 2009
                             
Revenues
    --       --       3,216       --       3,216  
Earnings from continuing operations
    162       81       762       (849 )     156  
Net earnings
    162       81       773       (849 )     167  
Earnings attributable to:
                                       
Common shareholders
                                    162  
Non-controlling interests
                                    5  
                                         
For the three months ended September 30, 2008
                                       
Revenues
    --       --       3,339       --       3,339  
Earnings from continuing operations
    404       56       227       (270 )     417  
Net earnings
    404       56       216       (270 )     406  
Earnings attributable to:
                                       
Common shareholders
                                    404  
Non-controlling interests
                                    2  
                                         
For the nine months ended September 30, 2009
                                       
Revenues
    --       --       9,640       --       9,640  
Earnings from continuing operations
    667       340       1,746       (2,085 )     668  
Net earnings
    667       340       1,763       (2,085 )     685  
Earnings attributable to:
                                       
Common shareholders
                                    667  
Non-controlling interests
                                    18  
                                         
For the nine months ended September 30, 2008
                                       
Revenues
    --       --       8,312       --       8,312  
Earnings from continuing operations
    747       (60 )     693       (610 )     770  
Net earnings
    747       (60 )     678       (610 )     755  
Earnings attributable to:
                                       
Common shareholders
                                    747  
Non-controlling interests
                                    8  

 
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THOMSON REUTERS CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
(Unaudited)
(millions of U.S. dollars)
 
Thomson Reuters
Corporation
   
Thomson Reuters
UK Limited
   
Non-
Guarantor Subsidiaries
   
Eliminations
   
Consolidated
 
                               
As at September 30, 2009
                             
ASSETS
                             
Current assets
    748       10       7,837       (4,148 )     4,447  
Non-current assets
    29,438       3,652       31,168       (33,090 )     31,168  
Total assets
    30,186       3,662       39,005       (37,238 )     35,615  
                                         
LIABILITIES AND EQUITY
                                       
Liabilities
                                       
Current liabilities
    4,305       727       3,723       (4,148 )     4,607  
Non-current liabilities
    6,767       --       5,058       --       11,825  
Total liabilities
    11,072       727       8,781       (4,148 )     16,432  
Total shareholders equity     19,114       2,935       30,155       (33,090     19,114  
Non-controlling interests     -        -       69        -       69  
Total equity
    19,114       2,935       30,224       (33,090 )     19,183  
Total liabilities and equity
    30,186       3,662       39,005       (37,238 )     35,615  
                                         
As at December 31, 2008
                                       
ASSETS
                                       
Current assets
    727       --       6,493       (3,534 )     3,686  
Non-current assets
    26,775       2,988       30,903       (29,763 )     30,903  
Total assets
    27,502       2,988       37,396       (33,297 )     34,589  
                                         
LIABILITIES AND EQUITY
                                       
Liabilities
                                       
Current liabilities
    3,047       565       4,567       (3,534 )     4,645  
Non-current liabilities
    6,039       --       5,417       --       11,456  
Total liabilities
    9,086       565       9,984       (3,534 )     16,101  
Total shareholders equity     18,416       2,423       27,340       (29,763     18,416  
Non-controlling interests     -        -       72        -       72  
Total equity
    18,416       2,423       27,412       (29,763 )     18,488  
Total liabilities and equity
    27,502       2,988       37,396       (33,297 )     34,589  
 
 
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