Annual Report and Accounts 2010-11 - Manchester Airport

Notes to the Consolidated Financial Statements for the year ended 31 March 2011 7125. Deferred taxationThe following are the major deferred tax liabilities and assets recognised by the Group and movements thereon during the current andprior reporting periods.InvestmentpropertiesAccelerated and operational Retirement Fair value Short termcapital assets carried benefit acquisition timingallowances at deemed cost obligations Tax losses adjustment differences Total£m £m £m £m £m £m £mAt 1 April 2010 147.8 118.8 (28.8) (0.8) 7.7 1.0 245.7Charge/(credit) to income (16.3) (11.3) 11.6 (0.1) – 0.4 (15.7)Charge/(credit) to equity – – 5.5 – (0.6) (1.5) 3.4At 31 March 2011 131.5 107.5 (11.7) (0.9) 7.1 (0.1) 233.4At 1 April 2009 151.5 122.0 (14.4) (1.9) 7.7 (2.2) 262.7Charge/(credit) to income (3.7) (3.2) (0.3) 1.1 – 3.2 (2.9)Charge/(credit) to equity – – (14.1) – – – (14.1)At 31 March 2010 147.8 118.8 (28.8) (0.8) 7.7 1.0 245.7Deferred tax assets and liabilities have been offset in the disclosure above. The following is the analysis of the deferred tax balancefor financial reporting purposes:2011 2010£m £mDeferred tax liabilities (246.1) (275.3)Deferred tax assets 12.7 29.6(233.4) (245.7)26. Other non-current liabilities2011 2010£m £mAccruals and deferred income 6.2 5.3Capital-based grants 13.8 14.520.0 19.827. Share capitalNumber (m) £mAuthorised, allotted, called up and fully paid204,280,000 ordinary shares of £1 each 204.3 204.3At 31 March 2010 and 31 March 2011 204.3 204.3The Manchester Airport Group PLC Annual Report and Accounts 2010-11