30th Jun 2005 07:00
Pearson PLC30 June 2005 Thursday 30 June 2005 Pearson 2004 half year IFRS highlights Pearson will announce its interim results for the six months to 30 June on 25July 2005. Ahead of that announcement we are today providing details of our 2004 half-yearcomparative figures restated under International Financial Reporting Standards(IFRS). Details of our transition to IFRS, including half-year and full-yearreconciliations and accounting policies, are available at www.pearson.com/ifrs. Financial highlights£ millions 2004 half year 2004 full year UK GAAP IFRS UK GAAP IFRS--------------------------------------------------------------------------------Sales 1,594 1,481 3,919 3,696Business performanceAdjusted operating profit 39 24 455 421Adjusted (loss) / profit before tax 2 (16) 386 345Adjusted (loss) / earnings (14) (22) 239 217Adjusted (loss) / earnings per share (1.8)p (2.8)p 30.0p 27.3p--------------------------------------------------------------------------------Statutory resultsOperating profit (77) 9 231 404(Loss) / profit before tax (112) (33) 171 325Basic (loss) / earnings per share (15.5)p (2.5)p 11.1p 32.9p-------------------------------------------------------------------------------- Pearson Education£ millions 2004 half year 2004 full year UK GAAP IFRS UK GAAP IFRS--------------------------------------------------------------------------------SalesSchool 466 444 1,118 1,087Higher Education 187 186 731 729Professional 220 220 507 507 Total 873 850 2,356 2,323--------------------------------------------------------------------------------Adjusted operating profit / (loss)School 8 3 117 108Higher Education (41) (42) 133 129Professional 7 6 43 40 Total (26) (33) 293 277-------------------------------------------------------------------------------- Penguin£ millions 2004 half year 2004 full year UK GAAP IFRS UK GAAP IFRS--------------------------------------------------------------------------------Sales 341 341 786 786Adjusted operating profit 10 9 54 52-------------------------------------------------------------------------------- FT Group£ millions 2004 half year 2004 full year UK GAAP IFRS UK GAAP IFRS--------------------------------------------------------------------------------SalesFinancial Times 104 104 208 208Other FT publishing 56 56 110 110IDC 130 130 269 269--------------------------------------------------------------------------------Total continuing 290 290 587 587Discontinued (Recoletos) 90 190 Total 380 777--------------------------------------------------------------------------------Adjusted operating profit / (loss)Financial Times (6) (7) (9) (12)Other FT publishing 6 6 11 10Associates & JVs 3 3 6 6IDC 37 29 78 62--------------------------------------------------------------------------------Total continuing 40 31 86 66Discontinued (Recoletos) 15 17 22 26 Total 55 48 108 92-------------------------------------------------------------------------------- For more information: Luke Swanson / Charlotte Elston: +44 (0) 20 7010 2310www.pearson.com/ifrs This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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