20495_Debenhams_AR_151104

NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
For the financial year year ended ended 29 29 August August 2015 2015
24 Deferred tax assets and liabilities continued
The movement on the deferred tax account is as shown below:
Assets
Developers’
contributions
received
£m
Fair value
losses
£m
Other
provisions
£m
Retirement
benefit
obligation
£m
At 31 August 2013 29.9 1.0 33.5 4.9 69.3
(Charged)/credited to the income statement (11.7) – (3.1) 0.4 (14.4)
Transfer from deferred tax liabilities – (2.0) – (0.9) (2.9)
Prior year adjustment to the income
statement – – (0.1) – (0.1)
Credited/(charged) to the statement of
comprehensive income – 3.0 – (3.9) (0.9)
At 30 August 2014 18.2 2.0 30.3 0.5 51.0
Charged to the income statement (3.6) – (23.3) – (26.9)
Transfer from deferred tax liabilities – (2.0) – (0.5) (2.5)
Prior year adjustment to the income
statement (0.4) – – – (0.4)
Exchange differences charged to the
statement of comprehensive income – – (0.4) – (0.4)
At 29 August 2015 14.2 – 6.6 – 20.8
Total
£m
Liabilities
Accelerated
tax
depreciation
£m
Fair value
gains
£m
Retirement
benefit
surplus
£m
Total
£m
At 31 August 2013 (56.3) (1.9) (0.9) (59.1)
Credited/(charged) to the income statement 1.9 (0.1) – 1.8
Transfer to deferred tax assets – 2.0 0.9 2.9
Result of the change in the standard rate of corporation tax
credited to the income statement 1.0 – – 1.0
At 30 August 2014 (53.4) – – (53.4)
Credited/(charged) to the income statement 7.6 (0.1) 0.1 7.6
Transfer to deferred tax assets – 2.0 0.5 2.5
Prior year adjustment to the income statement 0.6 – – 0.6
Charged to the statement of comprehensive income – (6.3) (5.8) (12.1)
At 29 August 2015 (45.2) (4.4) (5.2) (54.8)
Within other provisions is a deferred tax asset of £4.2 million (2014: £5.2 million) in relation to overseas operations which
has been recognised. In addition to this there is an unrecognised deferred tax asset of £1.0 million (2014: £2.6 million)
relating to operations in the Republic of Ireland.
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Debenhams plc Annual Report & Accounts & Accounts 2015 2015