Pearson Annual Report and Accounts 2010 - Notes to the consolidated financial statements

Financial statement
- Group accounts
  - Consolidated income statement
  - Consolidated statement of comprehensive income
  - Consolidated balance sheet
  - Consolidated statement of changes in equity
  - Consolidated cash flow statement
  - Independent auditors’ report to the members of Pearson plc
  - Notes to the consolidated financial statements
- Parent company accounts

Notes to the consolidated financial statements

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32. Contingencies

There are contingent Group liabilities that arise in the normal course of business in respect of indemnities, warranties and guarantees in relation to former subsidiaries and in respect of guarantees in relation to subsidiaries, joint ventures and associates. In addition there are contingent liabilities of the Group in respect of legal claims and rights and royalty agreements. None of these claims are expected to result in a material gain or loss to the Group.