REUTERS GROUP PLC ANNUAL REPORT AND ACCOUNTS 1999

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Consolidated balance sheet at 31 DecemberPROFORMA1999 1998 1997NOTES £M £M £MFixed assetsIntangible assets: Goodwill 14 177 204 162Tangible assets 15 698 779 816Investments 16Investments in joint ventures:Share of gross assets 29 – –Share of gross liabilities (16) – –13 – –Share of net assets of associates 95 45 10Other investments 222 70 581,205 1,098 1,046Current assetsStocks 17 4 6 13Debtors (see note below) 18 834 595 498Short-term investments 19 490 962 1,275Cash at bank and in hand 119 44 811,447 1,607 1,867Creditors: Amounts falling due within one year 20 (1,679) (2,184) (1,077)Net current (liabilities)/assets (232) (577) 790Total assets less current liabilities 973 521 1,836Creditors: Amounts falling due after more than one year 21 (284) (16) (37)Provisions for liabilities and charges:Pensions and similar obligations 23 (39) (36) (28)Deferred taxation 24 (23) (14) (16)Other provisions 25 (26) (66) (76)Net assets 601 389 1,679Capital and reserves 26Called-up share capital 355 354 408Capital redemption reserve 1 – –Share premium account 42 16 –Other reserve (1,717) (1,717) (290)Profit and loss account reserve 1,920 1,719 1,543Shareholders’ equity 601 372 1,661Minority interests – equity – – 1– non-equity – 17 17Capital employed 601 389 1,679Debtors and net current assets include amounts due after more than one year of £46 million (1998 – £40 million, 1997 – £57 million).1997 capital and reserves are shown on a proforma basis (see note 26).The balance sheet of Reuters Group PLC is shown on page 71.The financial statements on pages 44–74 and the summary of differences between UK and US Generally Accepted Accounting Principles on pages 75–77 wereapproved by the directors on 11 February 2000.Peter Job, Chief ExecutiveRob Rowley, Finance Director56 Reuters Group PLC Annual Report 1999
Reconciliation of movements in shareholders’ funds for the year ended 31 December1999 1998 1997£M £M £MRetained profit 219 181 200Translation differences credited/(debited) directly to reserves 10 (1) 2Return of surplus capital to shareholders – (1,482) –Shares issued during the year 25 13 22Shares repurchased during the year (25) – (21)Net addition/(reduction) to shareholders’ equity 229 (1,289) 203Opening shareholders’ equity 372 1,661 1,458Closing shareholders’ equity 601 372 1,661Reuters Group PLC Annual Report 1999 57
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REUTERS GROUP PLC ANNUAL REPORT AND
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2 Financial highlights3 Five year s
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From the Chairman.Theus now is Inte
Page 8 and 9: Reuters, wherChief Executive Peter
Page 10 and 11: Peter Job talks about theprojection
Page 12 and 13: TO FIND OUT MORE VISITwww.reuters.c
Page 18 and 19: Board of Directors1 2 34 567 8Non-e
Page 20: Financial Review and Statements Con
Page 23 and 24: the world. In 1999, television, tex
Page 25 and 26: appointments of non-executive direc
Page 27 and 28: EXECUTIVE DIRECTORS’ SERVICECONTR
Page 29 and 30: The table below shows the number of
Page 31 and 32: Vested options on Reuters Group PLC
Page 33 and 34: Statement of directors’ responsib
Page 35 and 36: Operating and financial reviewThe f
Page 37 and 38: growth of 6% at comparable rates. I
Page 39 and 40: OtherYear to 31 December£m 1999 19
Page 41 and 42: ownership trust compared with £7 m
Page 43 and 44: market value of the Greenhouse Fund
Page 45 and 46: through internet-based infrastructu
Page 47 and 48: Notes on the consolidated profit an
Page 49 and 50: 2. Operating costs1999 % 1998 % 199
Page 51 and 52: 4. Taxation on profit on ordinary a
Page 53 and 54: Consolidated cash flow statement fo
Page 55 and 56: 11. Analysis of net fundsBANK/OTHER
Page 57: 12. Derivatives and other financial
Page 61 and 62: 15. Tangible assetsOFFICECOMPUTER E
Page 63 and 64: 17. Stocks1999 1998 1997£M £M £M
Page 65 and 66: 23. Pensions and similar obligation
Page 67 and 68: 26. Capital and reservesPROFIT ANDC
Page 69 and 70: 29. Employee share option plansReut
Page 71 and 72: 32. Acquisitions and disposalsDurin
Page 73 and 74: Balance sheet of Reuters Group PLC
Page 75 and 76: Accounting policiesAccounting basis
Page 77 and 78: Summary of differences between UK a
Page 79 and 80: 38. Adjustments to shareholders’
Page 81 and 82: Other information for shareholdersI
Page 83 and 84: Financial diary for 2000Tuesday 8 F
Page 85 and 86: 1999 1998H1 H2 FY H1 H2 FYCosts £M
Page 87 and 88: 1999 1998Net assets £M £MReuters
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Page 91: Where to find usCorporate headquart
Page 94: www.reuters.com/ REUTERS GROUP PLC
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REUTERS GROUP PLC ANNUAL REPORT AND ACCOUNTS 1999

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