G4S Annual Report and Accounts 2011

Overview Strategic review Performance
Notes to the consolidated financial statements continued
18 Disposal of subsidiaries
On 7 December 2011, the group disposed of its consumer alarms business in Norway.
On 30 December 2011, the group sold its 50% share of the equity in STC (Milton Keynes) Ltd.
On 15 July 2010, the group disposed of the cash solutions business in Taiwan.
On 24 September 2010, the group disposed of Travel Logistics Limited, a UK-based expeditor of travel documents.
The net assets and profit on disposal of operations disposed of were as follows:
Goodwill – 3
Acquisition-related intangible assets – 3
Property, plant and equipment and intangible assets other than acquisition-related 1 –
Other non current assets 9 –
Current assets 13 1
Liabilities (19) (2)
Net assets of operations disposed 4 5
Profit on disposal 33 8
Total consideration 37 13
Satisfied by:
Cash received 38 9
Deferred receipts – 4
Disposal costs (1) –
Total consideration 37 13
2011
£m
2010
£m
96
G4S plc
Annual Report and Accounts 2011