Financial statements < Notes to the financial statements Note 31 < BACK   NEXT >
 
 

31  Disposal or termination of businesses

During the year, the Group disposed of or terminated its interests in Vickers turbine components and materials handling businesses.
Additionally full or partial interests were sold in several other small businesses.

   

Continuing
businesses
£m

 

Vickers
turbine
components
£m

 

Materials
handling
disposal/
termination
£m

 

Other
businesses
£m

 

Total
£m

Intangible fixed assets

 

1

 

17

 

 

 

18

Tangible fixed assets

 

7

 

29

 

 

3

 

39

Investments

 

1

 

 

 

 

1

Stocks

 

8

 

21

 

5

 

1

 

35

Debtors

 

9

 

36

 

6

 

3

 

54

Creditors

 

(7)

(30)

(4)

(3)

(44)

Provisions for liabilities and charges

 

(1)

 

 

 

(1)

   

18

 

73

 

7

 

4

 

102

Minority interest

 

(11)

 

 

 

(11)

Transfer to joint ventures

 

(4)

 

 

 

(4)

Net assets

 

3

 

73

 

7

 

4

 

87

Write-back of goodwill

 

1

 

 

40

 

 

41

Profit/(loss) on sale or termination of businesses

 

 

 

(73)

(5)

(78)

Disposal proceeds less costs

 

4

 

73

 

(26)

(1)

50

Deferred receipts

 

(1)

(77)

(1)

 

(79)

Accrued costs

 

 

3

 

21

 

 

24

Net cash inflow/(outflow)  – Group cash flow statement

 

3

 

(1)

(6)

(1)

(5)