BT 1999 Annual Report Download - page 82

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NOTES TO THE FINANCIAL STATEMENTS
81
Deferred Pension Other
taxation (a) provisions provisions (b) Total
24. Provisions for liabilities and charges £m £m £m £m
))))))))))!!!!0111!!!0111!!!0111!!!0111
Group
Balances at 1 April 1998 274 1,224 112 1,610
Charged (credited) against profit for the year 76 176 (1) 251
Utilised in the year – (447) (23) (470)
00000000001!!!0111!!!0111!!!0111!!!0111
Total provisions at 31 March 1999 350 953 88 1,391
00000000001!!!0111!!!0111!!!0111!!!0111
Company
Balances at 1 April 1998 68 1,224 45 1,337
Charged against profit for the year 66 164 – 230
Utilised in the year – (435) (16) (451)
00000000001!!!0111!!!0111!!!0111!!!0111
Total provisions at 31 March 1999 134 953 29 1,116
00000000001!!!0111!!!0111!!!0111!!!0111
(a) Deferred taxation Group Company
))))))))))!!!!0051111!!!0051111
The elements of deferred taxation provided in the 1999 1998 1999 1998
accounts at 31 March were as follows: £m £m £m £m
))))))))))!!!!0051111!!!0051111
Tax effect of timing differences due to:
Excess capital allowances 696 712 538 598
Pension provisions (287) (367) (287) (367)
Other (59) (71) (117) (163)
00000000001!!!0051111!!!0051111
Total deferred taxation provided 350 274 134 68
Advance corporation tax recoverable –(184) –(68)
00000000001!!!0051111!!!0051111
Total provision for deferred taxation 350 90 134 –
00000000001!!!0051111!!!0051111
The total potential liability to deferred taxation at 31 March was as follows:
Tax effect of timing differences due to:
Excess capital allowances 2,591 2,576 2,433 2,463
Pension provisions (287) (367) (287) (367)
Other (59) (71) (117) (163)
00000000001!!!0051111!!!0051111
Total 2,245 2,138 2,029 1,933
Advance corporation tax recoverable –(184) –(184)
00000000001!!!0051111!!!0051111
Total potential liability for deferred taxation 2,245 1,954 2,029 1,749
00000000001!!!0051111!!!0051111
(b) Provisions comprise amounts provided for legal or constructive obligations arising from redundancies, insurance claims
and litigation.