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15. Segmental analysis

The tables below show net assets and total assets by location on a basis consistent with the segmental analysis of profit in note 2. For the reasons discussed in that note, the assets in any location are not matched with the revenue earned in that location.
 
 

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Location of net assets 1998 £m 1997 £m Restated 1996 £m
Non-interest bearing assets/(liabilities):
  Europe, Middle East and Africa 253 301 295
  Asia/Pacific 96 101 98
  The Americas 4 53 80
  Instinet 84 114 37
  TIBCO 28 6 4
  Central (70) (180) (98)
Non-interest bearing net assets 395 395 416
Interest bearing net (liabilities)/assets (6) 1,284 1,043
389 1,679 1,459
Central non-interest bearing liabilities consist principally of dividend and taxation liabilities partially offset by unamortised goodwill. Interest bearing net assets are stated after deducting deferred consideration which has been discounted for accounting purposes.
 
Location of total assets 1998 £m 1997 £m Restated 1996 £m
Europe, Middle East and Africa 584 644 584
Asia/Pacific 213 224 206
The Americas 158 178 195
Instinet 686 500 355
TIBCO 64 56 33
Central 1,000 1,311 1,202
2,705 2,913 2,575
Fixed assets 1,098 1,046 1,026
Current assets 1,607 1,867 1,549
2,705 2,913 2,575
Central assets consist principally of purchased goodwill net of accumulated amortisation, short-term investments and cash.
  

 

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