Annual Report and Accounts - Hemscott IR

TRAVIS PERKINS ANNUAL REPORT AND ACCOUNTS 2012
25. Provisions continued
The following table details the Group’s liquidity analysis of its provisions. The table has been drawn up based on the undiscounted net cash outflows.
0-1year 1-2 years 2-5 years 5+ years Total
£m £m £m £m £m
2012
Property 22.3 4.7 9.4 14.5 50.9
Insurance 31.5 - - - 31.5
Other 2.7 - - - 2.7
56.5 4.7 9.4 14.5 85.1
2011
Property 16.1 7.5 15.4 21.4 60.4
Insurance 35.5 - - - 35.5
Other 2.9 - - - 2.9
The Company has no provisions.
54.5 7.5 15.4 21.4 98.8
26. Deferred tax
The following are the major fully recognised deferred tax liabilities and assets recognised by the Group and movements thereon during the current and
prior reporting periods.
THE GROUP
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At Acquired Recognised Recognised At
1 Jan 2012 in year in income in equity 31 Dec 2012
£m £m £m £m £m
Capital allowances 6.2 (0.3) (0.2) - 5.7
Trading losses - (6.6) 2.1 - (4.5)
Revaluation 11.1 - - (0.9) 10.2
Share based payments (8.1) - (2.3) (2.9) (13.3)
Provisions (11.4) - 1.2 - (10.2)
Derivatives (1.2) - - 0.9 (0.3)
Business combinations 14.4 - (2.2) - 12.2
Brand 97.8 13.3 (12.9) - 98.2
Pension scheme surplus 4.9 - 2.1 (6.6) 0.4
Pension scheme liability (16.3) - 1.2 1.7 (13.4)
Deferred tax 97.4 6.4 (11.0) (7.8) 85.0
THE GROUP
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
At Recognised Recognised At
1 Jan 2011 in income in equity 31 Dec 2011
£m £m £m £m
Capital allowances 6.6 (0.4) - 6.2
Revaluation 12.0 - (0.9) 11.1
Share based payments (11.6) (0.7) 4.2 (8.1)
Provisions (11.9) 0.5 - (11.4)
Derivatives (1.9) - 0.7 (1.2)
Business combinations 16.7 (2.3) - 14.4
Brand 108.4 (10.6) - 97.8
Pension scheme surplus 8.6 2.9 (6.6) 4.9
Pension scheme liability (16.4) 1.1 (1.0) (16.3)
Deferred tax 110.5 (9.5) (3.6) 97.4
FINANCIAL
STATEMENTS
At the balance sheet date the Group had unused capital losses of £47.4m (2011: £56.0m) available for offset against future capital profits. No deferred tax
asset has been recognised because it is not probable that future taxable profits will be available against which the Group can utilise the losses.
Other than disclosed above, no deferred tax assets and liabilities have been offset.
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