Contents:
Walker Publisher: Pearson Release Date: February ISBN We recommend that you Buy Click here to find out why Buy vs Rent: We recommend you Buy This tool helps you determine if you should buy or rent your textbooks, based on the total cost of ownership including current sell back value.
Buy Price: New Sell Price: None Final Cost: Keep the book Sell the book Disclaimer: Buy Now click here! Semester Rental: Rent Now click here! Sell Back: Sell Now click here! Knetbooks coupon s Details: Mother Goose Time Coupons. Audible Coupons. Abebooks Coupon. Bookbyte Promo Code.
Teaching Company Coupon. Coursesmart Coupon. Bookrenter Coupon.
Amazon Music Stream millions of songs. In school assessment State and National assessments , revenues declined high single digits due to previously announced contract losses. The headline basis compares the reported results. Tell the Publisher! The buyback was completed on 16 February repurchasing a total of The actions announced in early to promote access over ownership met with success. These calculations are based on the current advertised price.
Campus Book Rentals Coupon. Cengage Brain Coupon. Promo Code Cooking. Indigo Promo Code. Lifeway Coupons. Textbookx Coupon. Paladin Press Coupon. Books A Million Coupon. Piccadilly Coupons. Chronicle Books Coupon. High Spots Coupons. Taste of Home Coupons. Simple Truths Coupon.
Booktopia Coupon. Olive Tree Coupon.
Knetbooks Coupon. Rubber Stamp Champ Promo Code. BCW Promo Code. During the year, we delivered over 1m course enrolments with inclusive access rising to c. In school assessment State and National assessments , revenues declined high single digits due to previously announced contract losses. We delivered Revenues in North America were flat, with continued growth in certification for professional bodies, offset by modest declines in US teacher certification and the GED High School Equivalency Test, after strong performance last year, and by weakness in higher level IT certifications in the second half.
Clinical assessment sales declined slightly on an absence of new major product introductions. Two new full-time online, state-wide, partner schools opened for the school year. Enrolment growth from new and existing schools was partially offset by the termination of a school partnership at the end of the school year. Revenues grew modestly as enrolment growth was partially offset by increased in-sourcing, as some partners took non-core services in-house.
Enrolment and revenue is expected to grow in as growth in existing school partnerships and the opening of new partner schools for the school year offsets the termination of two further contracts and the in-sourcing of services by some customers. Results from the survey are available at pear. In Pearson Online Services , revenues declined high single digits, primarily due to a decline in Learning Studio revenues as we retire the product and the restructuring of smaller non-OPM contracts. We signed 45 multi-year programs in renewed 19 programs and launched 14 new programs at partners including Maryville University, Duquesne University and Ohio University.
During the year we also agreed the termination of nine programs that were not mutually viable and did not renew a further six programs. Brinker International, Inc. In US higher education courseware , we expect revenues to be flat to down mid-single digit percent as similar pressures seen in the last two years continue with lower college enrolments, increased use of OER and attrition from growth in the secondary market driven by print rental, are partially offset by growth in digital revenues, benefits from our actions to promote access over ownership and a continued normalisation of channel returns behaviour.
We expect stable testing revenues in North America student assessment as new contracts offset a continued contraction in revenue associated with our PARCC contract.
Connections Education is expected to grow modestly as new partner school openings and good growth in enrolment is partially offset by in-sourcing of non-core services by some partners and contract exits. North American Online Program Management is expected to see modest growth in revenue as investment in new programs begin to ramp up. Professional certification is expected to grow revenues in the mid-single digits benefiting from new contracts, including our nationwide contract with the AAMC.
Today's top MyPearsonStore coupon code: 15% Off Entire Purchase. Get 50 MyPearsonStore coupon codes and coupons for Discounts average $40 off with a Pearson Education promo code or coupon. 9 Pearson Education coupons now on RetailMeNot.
Courseware revenues declined moderately. In school , revenues declined in Australia, due to market contraction in the primary sector partly offset by slight growth in secondary, and declines in smaller markets in Europe and Africa. In higher education , revenues were down slightly due to declines in smaller markets, whilst in Australia and the UK an increase in direct to institution sales and a further shift to digital offset declines in traditional textbook sales.
In English , there were declines in smaller markets. In student assessment and qualifications , revenues declined mid-single digits primarily due to lower AS level, iGCSE and Apprenticeship volumes as a result of policy changes. BTEC revenues also declined modestly as revenues recognised in lagged the greater stability we have seen in registrations and billed revenue in the year.
We successfully delivered the National Curriculum Test for , marking 3. In higher education services , revenues grew strongly. In Australia, we saw good growth due to our successful partnership with Monash University, and continued success of the Graduate Diploma in Psychology. We have a total of c.
In the UK, we launched five new programs in addition to the two launched in UK course registrations grew, reaching c. English services grew, with strong growth in WSE Italy, due to the opening of new centres in and , partially offset by declines in Japan. Revenues were flat in both headline and underlying terms due to growth in China, school courseware in South Africa and Pearson Test of English, offset by declines in higher education services primarily due to lower enrolment at CTI and business disposals in India, and declines in Brazil.
Courseware revenues grew moderately, due to strong growth in school textbook sales in South Africa and English language courseware in China, partially offset by weakness in Brazil. In English services, growth in Wall Street English in China, due to new centre openings, was offset by declines in Brazil due to macroeconomic pressures. Professional Certification grew strongly. In our growth markets we expect a modest increase in revenues, with growth in China in ELT products, PTE and in South Africa due to improving enrolments in CTI partially offset by declines in school courseware after a strong In Brazil, we expect revenue to increase modestly from growth in Wizard and school sistemas, partially offset by declines in government contracts.
Penguin Random House performed in line with our expectations with revenues up slightly on a headline and underlying basis year on year on rising audio sales, broadly stable print sales, and modest ongoing declines in demand for e-books, whilst the business benefitted from bestsellers by Dan Brown, R. The headline basis compares the reported results. We also present sales and profits on an underlying basis which exclude the effects of exchange and the effect of portfolio changes arising from acquisitions and disposals. Our portfolio change is calculated by taking account of the contribution from acquisitions and by excluding sales and profits made by businesses disposed in either or Portfolio changes mainly relate to the closure of our English language schools in Germany and the sale of the Pearson English Business Solutions business in North America during and the sale of our test preparation business in China and reduction in our equity interest in PRH in Acquisitions were not significant in either or Adjusted operating profit includes the results from discontinued operations when relevant but excludes intangible charges for amortisation and impairment, acquisition related costs, gains and losses arising from acquisitions and disposals and the cost of major restructuring.
In we have excluded the impact of US tax reform on our associate operating profit as outlined in the section on taxation. A summary of these adjustments is included below and in more detail in note 2 to the condensed financial statements. This charge arose following trading in the final quarter of and the consequent revision to strategic plans which reflected underlying issues in the North American higher education courseware market that were more severe than had previously been anticipated.
These issues related to declining student enrolments, changes in buying patterns of students and correction of inventory levels by distributors and bookshops.
In May , we announced an additional restructuring programme, to run between and , that will drive further significant cost savings. The loss in is mainly attributable to the impairment charge to North American goodwill noted above and the higher level of restructuring spend. The increase was primarily due to higher US interest rates in , additional charges relating to the early redemption of various bonds during the year and some additional interest on tax provisions.
Although there is a charge in respect of the early redemptions there are partial year savings as a result which have flowed through the income statement in the period since redemption, with the full annualised savings coming through in Finance income relating to retirement benefits has been excluded from our adjusted earnings as we believe the income statement presentation does not reflect the economic substance of the underlying assets and liabilities.
Also included in the statutory definition of net finance costs but not in our adjusted measure are interest costs relating to acquisition consideration, foreign exchange and other gains and losses on derivatives. Interest relating to acquisition consideration is excluded from adjusted earnings as it is considered to be part of the acquisition cost rather than being reflective of the underlying financing costs of the Group. Foreign exchange and other gains and losses are excluded from adjusted earnings as they represent short-term fluctuations in market value and are subject to significant volatility.
Other gains and losses may not be realised in due course as it is normally the intention to hold the related instruments to maturity for more information see note 3 to the condensed financial statements. This decrease was more than offset by foreign exchange gains on unhedged cash and cash equivalents and other financial instruments that generated losses in For a reconciliation of the adjusted measure see note 3 to the condensed financial statements.
The effective tax rate on adjusted earnings in was For a reconciliation of the adjusted measure see notes 4 and 5 to the condensed financial statements. The statutory tax benefit in was mainly due to the release of deferred tax liabilities relating to tax deductible goodwill that was impaired.