For more detail on the services and products included in each business segment refer to Item 4.


			2018
All figures in £ millions	Notes		North America			Core			Growth			Penguin Random House			Corporate		Group
Sales				2,784			806			539			—			—		4,129
Adjusted operating profit				362			57			59			68			—		546
Cost of major restructuring				(78	)		(16	)		—			(8	)		—		(102	)
Intangible charges				(72	)		(8	)		(19	)		(14	)		—		(113	)
Other net gains and losses				4			—			226			—			—		230
UK pension GMP equalisation				—			(8	)		—			—			—		(8	)

Operating profit				216			25			266			46			—		553
Finance costs		6																(91	)
Finance income		6																36

Profit before tax																		498
Income tax		7																92

Profit for the year																		590

Segment assets				4,366			1,975			536			—			636		7,513
Joint ventures		12		—			—			—			—			—		—
Associates		12		—			5			—			387			—		392

Total assets				4,366			1,980			536			387			636		7,905

Other segment items
Share of results of joint ventures and associates		12		(4	)		1			1			46			—		44
Capital expenditure		10, 11		135			25			36			—			—		196
Pre-publication investment		20		234			90			64			—			—		388
Depreciation		10		41			12			13			—			—		66
Amortisation		11, 20		344			92			89			—			—		525

Included in the North America segment above is £60m in pre-publication investment and £67m in amortisation relating to assets held for sale.


			2017
All figures in £ millions	Notes		North America			Core			Growth			Penguin Random House			Corporate		Group
Sales				2,929			815			769			—			—		4,513
Adjusted operating profit				394			50			38			94			—		576
Cost of major restructuring				(60	)		(11	)		(8	)		—			—		(79	)
Intangible charges				(89	)		(12	)		(37	)		(28	)		—		(166	)
Other net gains and losses				(3	)		—			35			96			—		128
Impact of US tax reform				—			—			—			(8	)		—		(8	)

Operating profit				242			27			28			154			—		451
Finance costs		6																(110	)
Finance income		6																80

Profit before tax																		421
Income tax		7																(13	)

Profit for the year																		408

Segment assets				4,116			1,914			667			—			793		7,490
Joint ventures		12		—			—			3			—			—		3
Associates		12		4			3			—			388			—		395

Total assets				4,120			1,917			670			388			793		7,888

Other segment items
Share of results of joint ventures and associates		12		5			1			1			71			—		78
Capital expenditure		10,11		162			35			43			—			—		240
Pre-publication investment		20		218			84			59			—			—		361
Depreciation		10		56			13			21			—			—		90
Amortisation		11,20		348			103			110			—			—		561


			2016
All figures in £ millions	Notes		North America			Core			Growth			Penguin Random House			Corporate		Group
Continuing operations
Sales				2,981			803			768			—			—		4,552
Adjusted operating profit				420			57			29			129			—		635
Cost of major restructuring				(172	)		(62	)		(95	)		(9	)		—		(338	)
Intangible charges				(2,684	)		(16	)		(33	)		(36	)		—		(2,769	)
Other net gains and losses				(12	)		(12	)		(1	)		—			—		(25	)

Operating (loss)/profit				(2,448	)		(33	)		(100	)		84			—		(2,497	)
Finance costs		6																(97	)
Finance income		6																37

Loss before tax																		(2,557	)
Income tax		7																222

Loss for the year from continuing operations																		(2,335	)

Segment assets				4,859			1,461			859			—			1,640		8,819
Joint ventures		12		—			—			2			—			—		2
Associates		12		1			4			—			1,240			—		1,245

Total assets				4,860			1,465			861			1,240			1,640		10,066

Other segment items
Share of results of joint ventures and associates		12		(1	)		1			(1	)		98			—		97
Capital expenditure		10, 11		153			42			51			—			—		246
Pre-publication investment		20		235			92			68			—			—		395
Depreciation		10		56			12			27			—			—		95
Amortisation		11, 20		394			109			116			—			—		619
Impairment		11		2,548			—			—			—			—		2,548