Disposals (Tables)

12 Months Ended

Dec. 31, 2019

Text block [abstract]

Schedule of Disposals Including Business Closures

			2019								2018			2017
All figures in £ millions	Notes		K12			Other		Total			Total			Total
Disposal of subsidiaries and associates
Property, plant and equipment				—			—		—			(17	)		(7	)
Intangible assets				(101	)		—		(101	)		(17	)		(9	)
Investments in joint ventures and associates				—			—		—			(3	)		(352	)
Net deferred income tax assets				(100	)		—		(100	)		—			(3	)
Intangible assets – pre-publication				(238	)		—		(238	)		(8	)		(1	)
Inventories				(64	)		—		(64	)		(1	)		(2	)
Trade and other receivables				(70	)		—		(70	)		(30	)		(16	)
Cash and cash equivalents (excluding overdrafts)				(104	)		—		(104	)		(119	)		(13	)
Net deferred income tax liabilities				—			—		—			16			—
Trade and other liabilities				520			—		520			172			34
Provisions for other liabilities and charges				—			—		—			1			—
Cumulative currency translation adjustment		29		(4	)		—		(4	)		4			51
Net assets disposed				(161	)		—		(161	)		(2	)		(323	)
Cash received				20			—		20			243			468
Deferred proceeds				180			—		180			2			—
Fair value of financial asset acquired				—			—		—			3			—
Costs				(26	)		3		(23	)		(16	)		(17	)
Gain on disposal				13			3		16			230			128

All figures in £ millions	2019			2018			2017
Cash flow from disposals
Cash – current year disposals		20			243			468
Cash and cash equivalents disposed		(104	)		(119	)		(13	)
Costs and other disposal liabilities paid		(17	)		(23	)		(25	)
Net cash (outflow)/inflow		(101	)		101			430
Analysed as:
Cash (outflow)/inflow from sale of subsidiaries		(101	)		83			19
Cash inflow from sale of joint ventures and associates		—			18			411