BT 2015 Annual Report Download - page 165

163
Overview
The Strategic Report
Purpose and strategy Delivering our strategy Group performance Governance Financial statements
Additional information
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Tax components of other comprehensive income
Year ended 31 March
2015
Tax credit
epense
£m
2014
Tax credit
epense
£m
2013
Tax credit
epense
£m
7D[RQLWHPVWKDWZLOOQRWEHUHFODVVLƬHGWRWKHLQFRPHVWDWHPHQW
ctuarial losses relatin to retireent benefit obliations 208 16 762
7D[RQLWHPVWKDWPD\EHUHFODVVLƬHGVXEVHTXHQWO\WRWKHLQFRPHVWDWHPHQW
chane dierences on translation of forein operations 13  10
air value oveents on cash ow hedes
– net fair value gains or losses 24 6 
– recognised in income and expense – – 39
245 20 786
Current tax credita268 130 133
eferred ta epense credit  110 653
245 20 786
a,QFOXGHV~20P~P~PUHODWLQJWRDFWXDULDOORVVHVDULVLQJIURPUHWLUHPHQWEHQHƬWREOLJDWLRQV
Tax credit recognised directly in equity
Year ended 31 March
2015
£m
2014
£m
2013
£m
Tax credit relating to share-based payments 54 106 68
Deferred taxation
Excess
capital
allowances
£m
Retirement
benefit
obligations
£m
Share-
based
a payments
£m
Other
£m
Jurisdictional
oset
£m
Total
£m
At 1 April 2013 1,418 11 1 19 – 9
redit epense reconised in the incoe stateent 01 1 10 14 – 1
redit epense reconised in other coprehensive incoe  106 – 6 – 110
Credit recognised in equity – –  ––
Acquisitions – – – 3 – 3
$W0DUFK     –
Non-current
Deferred tax asset 9 1  1 416 10
Deferred tax liability 1,208 – – 37 1 829
At 1 April 2014     – 
redit epense reconised in incoe stateent  11 326 –1
Expense recognised in other comprehensive income 6 12 – 5 –23
Expense recognised in equity – – 149 ––149
$W0DUFK     –
Non-current
Deferred tax asset 10 1  1 242 19
Deferred tax liability 1,161 – – 29  948
$W0DUFK     –
a,QFOXGHVDGHIHUUHGWD[DVVHWRI~P~PDULVLQJRQFRQWULEXWLRQVSD\DEOHWRGHƬQHGFRQWULEXWLRQSHQVLRQSODQV
eferred ta balances for which there is a riht of oset within the sae urisdiction are presented net on the face of the roup balance sheet as
permitted by IAS 12, with the exception of deferred tax related to BT’s pension schemes which is disclosed within deferred tax assets.
t 1 arch 01 all of the deferred ta asset of 19 011 10 and all of the deferred ta liabilit of 9 011 9
are expected to be recovered or settled after more than one year.