Disposals including business closures (Tables)

12 Months Ended

Dec. 31, 2017

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Schedule of Disposals Including Business Closures

2017							2016		2015
All figures in £ millions	GEDU	Penguin Random House		Other		Total		Total		FT Group		PowerSchool		Other		Total
Disposal of subsidiaries and associates
Property, plant and equipment	10	(7	)	—		—		(7	)	(3	)	(15	)	(2	)	—		(17	)
Intangible assets	11	(2	)	—		(7	)	(9	)	—		(46	)	(19	)	(5	)	(70	)
Investments in joint ventures and associates		—		(352	)	—		(352	)	—		(7	)	—		—		(7	)
Other financial assets		—		—		—		—		—		92		—		—		92
Net deferred income tax (assets)/liabilities	13	(1	)	(2	)	—		(3	)	(10	)	(2	)	—		3		1
Intangible assets – pre-publication	20	—		—		(1	)	(1	)	(4	)	—		(64	)	—		(64	)
Inventories		(1	)	—		(1	)	(2	)	—		(1	)	—		—		(1	)
Trade and other receivables		(16	)	—		—		(16	)	(6	)	(72	)	(16	)	(6	)	(94	)
Current income tax (receivable)/payable		—		(5	)	—		(5	)	—		1		—		—		1
Cash and cash equivalents (excluding overdrafts)		(13	)	—		—		(13	)	(9	)	(29	)	—		(4	)	(33	)
Trade and other liabilities		33		—		1		34		21		113		35		6		154
Retirement benefit obligations		—		—		—		—		—		7		—		—		7
Provision for other liabilities and charges		—		—		—		—		—		2		—		—		2
Attributable goodwill		—		—		—		—		—		(50	)	(119	)	(6	)	(175	)
Cumulative currency translation adjustment	29	3		48		—		51		—		4		6				10
Net assets disposed		(4	)	(311	)	(8	)	(323	)	(11	)	(3	)	(179	)	(12	)	(194	)
Cash received		54		413		1		468		7		1,235		222		11		1,468
Costs		(6	)	(6	)	(5	)	(17	)	(16	)	(47	)	(13	)	(9	)	(69	)
Gain/(loss) on disposal		44		96		(12	)	128		(20	)	1,185		30		(10	)	1,205

All figures in £ millions	2017			2016			2015
Cash flow from disposals
Cash – current year disposals		468			11			1,468
Cash and cash equivalents disposed		(13	)		(9	)		(33	)
Costs and other disposal liabilities paid		(25	)		(52	)		(26	)
Net cash inflow/(outflow)		430			(50	)		1,409
Analysed as:
Cash inflow/(outflow) from sale of subsidiaries		19			(54	)		1,030
Cash inflow from sale of associates		411			4			379