C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

Deferred tax assets and liabilities have not been recognized in respect of the following items:
Assets Liabilities
2010 2009 2010 2009
Inventories 309 477 25 47
Prepaids and other current assets 14 708 – 9
Property, plant and equipment 998 75 2,299 2,568
Accruals and provisions 4,498 3,806 55 809
Deferred charges and non-current assets 17,060 906 285 65
Environmental liabilities 4,750 3,723 – –
Retirement benefits 10,136 10,805 – –
Tax loss and tax credit carryforwards 73,970 91,633 – –
Tax assets and liabilities 111,735 112,133 2,664 3,498
Set off of tax (1,567) (2,202) (1,567) (2,202)
Net tax 110,168 109,931 1,097 1,296
12. Exceptional items
Operating profit is adjusted for exceptional items.
Exceptional items comprise income and expense items
that, in the view of management, do not arise in the
normal course of business and items that, because of
Operating profit includes the exceptional items noted in the following reconciliation:
100 Notes to Consolidated Financial Statements
their nature and / or size, should be presented separately
to enable a better analysis of the results.
In the years ended December 31, 2010 and 2009, operating
profit was adjusted for exceptional items which arose
during the year.
2010 2009
Operating profit 43,259 20,561
Asset impairment of fixed assets 602 1,718
Environmental expense 6,421 3,998
Restructuring expense 423 7,782
Adjusted operating profit 50,705 34,059