EXHIBIT 99.8
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
In connection with the DLC unification, we have commenced an internal reorganization that contemplates the amalgamation of Thomson Reuters Corporation and a successor company to Thomson Reuters UK Limited (formerly known as Thomson Reuters PLC). If the reorganization is completed in the first quarter of 2010 as currently expected, Thomson Reuters Corporation will possess all of the rights and be subject to all of the liabilities of the two companies, including the liabilities that are the subject of the cross guarantees that the two parent companies entered into as part of the DLC structure in order to place our creditors in the same position that they would have been in had we been operating under a conventional single parent company structure.
As required by applicable Canadian securities laws, the following condensed consolidating financial information illustrates, in separate columns, the composition of Thomson Reuters Corporation (as issuer of debt securities and as parent company), Thomson Reuters UK Limited (as the guarantor subsidiary of certain Thomson Reuters Corporation debt securities), the other subsidiaries of Thomson Reuters Corporation, eliminations and the consolidated total for the three and nine months ended September 30, 2009 and 2008 and as at September 30, 2009 and December 31, 2008.
Thomson Reuters Corporation and Thomson Reuters UK Limited account for investments in subsidiaries using the equity method for purposes of this consolidating summary financial information.
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THOMSON REUTERS CORPORATION
CONDENSED CONSOLIDATING INCOME STATEMENT
(Unaudited)
(millions of U.S. dollars) | Thomson Reuters Corporation | Thomson Reuters UK Limited | Non-Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||
For the three months ended September 30, 2009 | ||||||||||||||||||||
Revenues | -- | -- | 3,216 | -- | 3,216 | |||||||||||||||
Earnings from continuing operations | 162 | 81 | 762 | (849 | ) | 156 | ||||||||||||||
Net earnings | 162 | 81 | 773 | (849 | ) | 167 | ||||||||||||||
Earnings attributable to: | ||||||||||||||||||||
Common shareholders | 162 | |||||||||||||||||||
Non-controlling interests | 5 | |||||||||||||||||||
For the three months ended September 30, 2008 | ||||||||||||||||||||
Revenues | -- | -- | 3,339 | -- | 3,339 | |||||||||||||||
Earnings from continuing operations | 404 | 56 | 227 | (270 | ) | 417 | ||||||||||||||
Net earnings | 404 | 56 | 216 | (270 | ) | 406 | ||||||||||||||
Earnings attributable to: | ||||||||||||||||||||
Common shareholders | 404 | |||||||||||||||||||
Non-controlling interests | 2 | |||||||||||||||||||
For the nine months ended September 30, 2009 | ||||||||||||||||||||
Revenues | -- | -- | 9,640 | -- | 9,640 | |||||||||||||||
Earnings from continuing operations | 667 | 340 | 1,746 | (2,085 | ) | 668 | ||||||||||||||
Net earnings | 667 | 340 | 1,763 | (2,085 | ) | 685 | ||||||||||||||
Earnings attributable to: | ||||||||||||||||||||
Common shareholders | 667 | |||||||||||||||||||
Non-controlling interests | 18 | |||||||||||||||||||
For the nine months ended September 30, 2008 | ||||||||||||||||||||
Revenues | -- | -- | 8,312 | -- | 8,312 | |||||||||||||||
Earnings from continuing operations | 747 | (60 | ) | 693 | (610 | ) | 770 | |||||||||||||
Net earnings | 747 | (60 | ) | 678 | (610 | ) | 755 | |||||||||||||
Earnings attributable to: | ||||||||||||||||||||
Common shareholders | 747 | |||||||||||||||||||
Non-controlling interests | 8 |
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THOMSON REUTERS CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
(Unaudited)
(millions of U.S. dollars) | Thomson Reuters Corporation | Thomson Reuters UK Limited | Non- Guarantor Subsidiaries | Eliminations | Consolidated | |||||||||||||||
As at September 30, 2009 | ||||||||||||||||||||
ASSETS | ||||||||||||||||||||
Current assets | 748 | 10 | 7,837 | (4,148 | ) | 4,447 | ||||||||||||||
Non-current assets | 29,438 | 3,652 | 31,168 | (33,090 | ) | 31,168 | ||||||||||||||
Total assets | 30,186 | 3,662 | 39,005 | (37,238 | ) | 35,615 | ||||||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||
Liabilities | ||||||||||||||||||||
Current liabilities | 4,305 | 727 | 3,723 | (4,148 | ) | 4,607 | ||||||||||||||
Non-current liabilities | 6,767 | -- | 5,058 | -- | 11,825 | |||||||||||||||
Total liabilities | 11,072 | 727 | 8,781 | (4,148 | ) | 16,432 | ||||||||||||||
Total shareholders’ equity | 19,114 | 2,935 | 30,155 | (33,090 | ) | 19,114 | ||||||||||||||
Non-controlling interests | - | - | 69 | - | 69 | |||||||||||||||
Total equity | 19,114 | 2,935 | 30,224 | (33,090 | ) | 19,183 | ||||||||||||||
Total liabilities and equity | 30,186 | 3,662 | 39,005 | (37,238 | ) | 35,615 | ||||||||||||||
As at December 31, 2008 | ||||||||||||||||||||
ASSETS | ||||||||||||||||||||
Current assets | 727 | -- | 6,493 | (3,534 | ) | 3,686 | ||||||||||||||
Non-current assets | 26,775 | 2,988 | 30,903 | (29,763 | ) | 30,903 | ||||||||||||||
Total assets | 27,502 | 2,988 | 37,396 | (33,297 | ) | 34,589 | ||||||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||
Liabilities | ||||||||||||||||||||
Current liabilities | 3,047 | 565 | 4,567 | (3,534 | ) | 4,645 | ||||||||||||||
Non-current liabilities | 6,039 | -- | 5,417 | -- | 11,456 | |||||||||||||||
Total liabilities | 9,086 | 565 | 9,984 | (3,534 | ) | 16,101 | ||||||||||||||
Total shareholders’ equity | 18,416 | 2,423 | 27,340 | (29,763 | ) | 18,416 | ||||||||||||||
Non-controlling interests | - | - | 72 | - | 72 | |||||||||||||||
Total equity | 18,416 | 2,423 | 27,412 | (29,763 | ) | 18,488 | ||||||||||||||
Total liabilities and equity | 27,502 | 2,988 | 37,396 | (33,297 | ) | 34,589 |
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