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Notes to the
Accounts


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34 Principal subsidiaries and associates
        Country of
incorporation
or registration
Subsidiaries
The principal operating subsidiaries are listed below. They operate mainly in the countries
of incorporation or registration, the investments are in equity share capital and they are all
100% owned unless stated otherwise.
Pearson Education
Pearson Education Inc.       US
Pearson Education Ltd       England
NCS Pearson Inc.       US
FT Group
The Financial Times Ltd       England
Financial Times Business Ltd       England
Interactive Data Corporation (61%)       US
Les Echos SA       France
Recoletos Grupo de Comunicación SA (79%)
see note 31
      Spain
The Penguin Group
Penguin Group (USA) Inc.       US
The Penguin Publishing Co Ltd       England
Dorling Kindersley Holdings Ltd*       England
* Direct investment of Pearson plc.
  Country of
incorporation
or registration
Class of
share
Beneficial
interest
%
Accounting
year end
Associates
FT Group
The Economist Newspaper Ltd England Ord 5p 50 March
    'B' 5p 100  
    'A' 5p Nil  
    Trust 5p Nil  
FT-SE International Ltd England Ord £1 50 December

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