NOTES TO
THE FINANCIAL STATEMENTS CONTINUED |
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| 25. PROVISIONS FOR DEFERRED AND OTHER LIABILITIES AND CHARGES | Deferred taxation |
Pensions and similar obligations |
Total | ||||||
| The Group | £m | £m | £m | ||||||
| At 31 March 1998 | 9.9 | 50.7 | 60.6 | ||||||
| Movements in year: | |||||||||
| Exchange movements | (2.2) | (2.2) | |||||||
| Profit and loss account | 1.2 | 10.0 | 11.2 | ||||||
| Acquisition of subsidiaries | 1.8 | 1.5 | 3.3 | ||||||
| Utilisation of provisions | (3.1) | (3.1) | |||||||
| Transfer and other movements | 35.6 | 18.3 | 53.9 | ||||||
| At 31 March 1999 | 46.3 | 77.4 | 123.7 | ||||||
| Deferred taxation |
Pensions and similar obligations |
Total | ||
| The Company | £m | £m | £m | |
| At 31 March 1998 | 1.4 | 11.5 | 12.9 | |
| Movements in year: | ||||
| Profit and loss account | (0.1) | 0.2 | 0.1 | |
| Utilisation of provisions | (0.1) | (0.1) | ||
| At 31 March 1999 | 1.3 | 11.6 | 12.9 | |
| The Group | The Company | ||||||
| 1999 | 1998 | 1999 | 1998 | ||||
| £m | £m | £m | £m | ||||
| The provision for deferred taxation comprises: | |||||||
| United Kingdom undertakings - timing differences | |||||||
|
Finance leases |
5.0 | ||||||
|
Fixed assets and other timing differences |
32.7 | 24.5 | 1.3 | 1.4 | |||
| Overseas undertakings - timing differences | 13.6 | 15.6 | |||||
| 46.3 | 45.1 | 1.3 | 1.4 | ||||
| Deduct: Advance corporation tax on final dividend | (35.2) | ||||||
| 46.3 | 9.9 | 1.3 | 1.4 | ||||
| Unprovided deferred taxation in respect of property revaluations amounts to: |
12.2 | 14.5 | 0.9 | 0.8 | |||
| The Group’s share of unprovided deferred taxation
in respect of property revaluations of BL Universal PLC is £27.0 million (1998 £28.0
million).
|
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