Experian 2012 Annual Report Download - page 141

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139
Governance Financial statementsBusiness reviewBusiness overview
35. Deferred and current tax (continued)
(ii) Gross deferred tax assets
Movements in gross deferred tax assets, without taking into consideration the offsetting of assets and liabilities within the same tax jurisdiction,
comprise:
Accelerated
depreciation
US$m
Intangibles
US$m
Share
incentive
plans
US$m
Tax losses
US$m
Other
temporary
differences
US$m
Total
US$m
At 1 April 2011 8 26 56 117 161 368
Differences on exchange - - - - 22 22
Tax credit/(charge) in the Group income statement 16 (2) (3) 183 (64) 130
Business combinations (note 41) - - - - 26 26
Tax recognised directly in equity on transactions with
owners - - 5 - - 5
Other transfers - - - - (5) (5)
At 31 March 2012 24 24 58 300 140 546
Accelerated
depreciation
US$m
Intangibles
US$m
Share
incentive
plans
US$m
Tax losses
US$m
Other
temporary
differences
US$m
Total
US$m
At 1 April 2010 20 62 39 118 158 397
Differences on exchange 1 - - - 8 9
Tax credit/(charge) in the Group income statement (13) (36) 2 8 15 (24)
Tax recognised within other comprehensive income - - - - (30) (30)
Tax recognised directly in equity on transactions with
owners - - 15 - - 15
Other transfers - - - (9) 10 1
At 31 March 2011 8 26 56 117 161 368
Deferred tax assets are recognised in respect of tax losses carried forward and other temporary differences to the extent that the realisation of
the related tax benefit through future taxable profits is probable.
The Group has not recognised deferred tax assets of US$123m (2011: US$289m) in respect of losses that can be carried forward against future
taxable income and deferred tax assets of US$15m (2011: US$17m) in respect of capital losses that can be carried forward against future taxable
gains. These losses are available indefinitely.
At the balance sheet date there were deferred tax assets expected to reverse within the next year of US$90m (2011: US$71m).