| 22 Provisions for liabilities and charges | | At
January
1,
2000
£m | Exchange
adjust-
ments
£m | Fair
value
adjust-
ments1
£m | On
disposal
of
busin-
esses
£m | Unused
amounts
reversed
£m | Charged
to
profit
and
loss
account
£m | Utilised
£m | At
December
31,
2000
£m |  |  | | Group | | | | | | | | | | Post-employment,
pensions and
other
post-retirement
benefits | 108 | 9 | (1) | — | — | 16 | (2) | 130 | | Deferred taxation | 60 | 2 | (7) | (1) | — | 1 | (6) | 49 | | Warranty/guarantees | 161 | 2 | 5 | — | (1) | 52 | (32) | 187 | | Contract loss 2 | 46 | 1 | 15 | — | (6) | 148 | (89 | 115 | | Customer financing | 30 | 2 | 13 | — | (3) | 6 | (13) | 35 | | Insurance | 27 | — | — | — | — | 1 | (6) | 22 | | Restructuring | 35 | — | (8) | — | — | 27 | (24) | 30 | | Other | 36 | — | 1 | — | (1) | 11 | (14) | 33 | | | | 503 | 16 | 18 | (1) | (11) | 262 | (186) | 601 | | | | Company | | | | | | | | | | Warranty/guarantees | 41 | — | — | — | (1) | 11 | (9) | 42 | | Contract loss | 6 | — | — | — | (3) | 3 | (3) | 3 | | Customer financing | 13 | — | — | — | — | 6 | (13) | 6 | | Restructuring | — | — | — | — | — | 9 | — | 9 | | Other | 5 | — | — | — | — | 2 | — | 7 | | | At December 31, 2000 | 65 | — | — | — | (4) | 31 | (25) | 67 | | | 1Fair value adjustments comprise the finalisation of provisional fair values as described in note 30. 2Includes industrial Trent provision. Post-employment, pensions and other post-retirement provisions are long term in nature and the timing of their utilisation is uncertain. Warranty provisions primarily relate to products sold and generally cover a period of up to three years. Provisions for contract loss and restructuring are generally expected to be utilised within one year. Customer financing provisions cover guarantees provided for asset values and/or financing as described in note 27. Timing of utilisation is uncertain. Insurance provisions relate to the Group's captive insurance business with timing of utilisation being uncertain. Other provisions comprise numerous liabilities with varying expected utilisation rates. | | | | | Group | | | | Company | | | | Deferred taxation | | 2000
£m | | 1999
£m | | 2000
£m | | 1999
£m | | | Provided in accounts: | | | | | | | | | | Fixed asset timing differences | | 8 | | 5 | | — | | — | | Other timing differences | | 60 | | 70 | | — | | — | | Advance corporation tax | | (19) | | (15) | | — | | — | | | | | 49 | | 60 | | — | | — | | | Full potential liability/(asset): | | | | | | | | | | Fixed asset timing differences | | 136 | | 127 | | 112 | | 99 | | Other timing differences | | 57 | | 52 | | (2) | | (14) | | | | | 193 | | 179 | | 110 | | 85 | | Advance corporation tax | | (19) | | (75) | | — | | (56) | | | | | 174 | | 104 | | 110 | | 29 | | The above figures exclude taxation payable on capital gains which might arise from the sale of fixed assets at the values at which they are stated in the Group's balance sheet. | 
