NATS-Annual-Report-2015

Annual Report and Accounts 2015 | NATS Holdings Limited
Financial Statements 134
Notes forming part of the
consolidated accounts
(continued)
22. Deferred tax
The following are the major deferred tax assets and liabilities recognised by the group, and movements thereon during the current and
prior reporting periods.
Accelerated tax
depreciation
Retirement
benefits
Financial
instruments Other Total
£m £m £m £m £m
At 1 April 2013 120.2 3.2 (17.2) (1.6) 104.6
(Credit)/charge to income (18.1) 7.3 7.5 (0.4) (3.7)
Credit to equity - (13.0) (0.1) - (13.1)
At 31 March 2014 102.1 (2.5) (9.8) (2.0) 87.8
At 1 April 2014 102.1 (2.5) (9.8) (2.0) 87.8
Charge/(credit) to income 1.1 7.1 1.8 (2.2) 7.8
Credit to equity - (75.2) (1.2) - (76.4)
At 31 March 2015 103.2 (70.6) (9.2) (4.2) 19.2
Certain deferred tax assets and liabilities have been offset. The following is the analysis of the deferred tax balances (after offset) for
financial reporting purposes.
2015 2014
£m £m
Deferred tax liabilities (103.2) (102.1)
Deferred tax assets 84.0 14.3
(19.2) (87.8)
Financial
Statements