Annual report and accounts 2009 (PDF) - Coventry Building Society

26. DEFERRED TAXDeferred tax assets and liabilities are attributable to the following items:Group Society Group Society2009 2009 2008 2008£m £m £m £mDeferred tax assetsMortgage book impairment and other provisions 0.4 0.4 1.3 1.3Pension scheme benefit from special contribution - - 0.6 0.6Transitional fair value adjustments 1.6 1.6 1.9 1.9Excess of depreciation over capital allowances 0.1 - - -2.1 2.0 3.8 3.8Deferred tax liabilitiesExcess of capital allowances over depreciation 1.0 1.0 0.6 0.5Transitional fair value adjustments 2.4 2.4 3.0 3.0Tax on defined benefit pension plan surplus 1.9 1.9 1.6 1.65.3 5.3 5.2 5.127. SHARESHeld by individuals 13,210.3 13,210.3 12,345.9 12,345.9Other shares 7.9 7.9 8.6 8.6Hedge accounting adjustment 0.6 0.6 31.6 31.6Shares are repayable from the balance sheet date in the ordinary course of business as follows:13,218.8 13,218.8 12,386.1 12,386.1Accrued interest 111.3 111.3 222.9 222.9Repayable on demand 12,724.1 12,724.1 12,163.2 12,163.2Shares with residual maturity repayable:In more than one year but not more than five years 383.4 383.4 - -13,218.8 13,218.8 12,386.1 12,386.128. DEPOSITS FROM BANKSDeposits from banks are repayable from the balance sheet date in the ordinary course of business as follows:Accrued interest 0.7 0.7 19.3 19.3Repayable on demand 38.1 38.1 0.8 0.8Other amounts owed to banks with residual maturity repayable:In not more than three months 969.6 969.6 1,288.7 1,288.7In more than three months but not more than one year - - 0.7 0.7In more than one year but not more than five years 361.9 361.9 369.8 369.81,370.3 1,370.3 1,679.3 1,679.3Deposits from banks include £1,327 million (2008 – £1,608 million) in respect of sale and repurchase agreements.59