Business Context and Reporting Period
This Form 6-K is a joint report filed on November 26, 2008, by Reed Elsevier PLC (United Kingdom) and Reed Elsevier NV (The Netherlands). The filing serves to furnish audited financial statements for the years ended December 31, 2007, and 2006, as well as unaudited condensed financial information for the six months ended June 30, 2008, and 2007.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references the existence of the following documents containing these metrics:
- Audited combined and consolidated financial statements for the three years ended December 31, 2007.
- Unaudited condensed combined and consolidated financial information for the six months ended June 30, 2008.
Material Changes
A significant material change noted in the filing is the re-presentation of financial statements to reflect Reed Business Information as a discontinued operation. This adjustment applies to the audited statements for the years ended December 31, 2007, and 2006.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies. The document is strictly a cover sheet and exhibit index for the referenced financial statements.
Investor Verification Checklist
- Verify the impact of the discontinued operation (Reed Business Information) on historical comparability in the audited statements (Exhibit 99.1).
- Review the unaudited condensed financial information for the six months ended June 30, 2008 (Exhibit 99.5) for interim performance trends.
- Confirm the independent registered public accounting firm's consent for the audited statements (Exhibits 99.2, 99.3, and 99.4).