Thorn-EMI 1995 Annual Report

21. Deferred taratlon
Gi oup
Excess of accumulated taxation allowances over
depreciation provided against tangible fixed assets
Other timing differences
Advance corporation tax
Movements during the year:
At 3l March 1994
Currency retranslation
Released to profrt on ordinary activities
Other movements
No provision has been made for further taxes which could arise if subsidiary or associated
undertakings are disposed of or if overseas companies were to remit dividends to the UK in
excess of those anticipated in these accounts; it is considered impracticable to estimate the
amount of such taxes.
The Company has undertaken to discharge the liability to corporation tax of the majority of its
wholly-owned UK subsidiaries; their deferred tax liabilities are therefore dealt with in the
accounts of the Company,
22. Other provisions for liabilities and charges
Group
and other
Pensioos
Disposaland Acquisition
fundahental and
reorgadisation int€t!atio.
At 3l March 1994
Currency retranslation
Provisions utilised
Charged against:
Operating profrt
Exceptional items
(Disposal) acquisition of businesses
Reclassifications
Company
At 31 March 1994
Provisions utilised
Charged against:
Operating profit
Exceptional items
The pension provisions arise in overseas companies in respect of state schemes and employees
covered by the Group's unfunded schemes.