Vodafone 2014 Annual Report Download - page 123
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Deferred tax
Analysis of movements in the net deferred tax balance during the year:
£m
1 April 2013 restated (3,823)
Exchange movements 151
Credited to the income statement (continuing operations) 19,688
Charged to the income statement (discontinued operations) (567)
Charged directly to other comprehensive income (23)
Arising on acquisition and disposals 4,434
31 March 2014 19,860
Deferred tax assets and liabilities, before offset of balances within countries, are as follows:
Amount Net
(charged)/ recognised
credited Gross Gross Less deferred tax
in income deferred deferred tax amounts (liability)/
statement tax asset liability unrecognised asset
£m £m £m £m £m
Accelerated tax depreciation (123) 993 (1,597) (40) (644)
Intangible assets 255 72 (1,409) 1(1,336)
Tax losses 19,433 28,569 –(7,418) 21,151
Deferred tax on overseas earnings (2) ––––
Other temporary differences 125 1,186 (343) (154) 689
31 March 2014 19,688 30,820 (3,349) (7,611) 19,860
Deferred tax assets and liabilities are analysed in the statement of nancial position, after offset of balances within countries, as follows:
£m
Deferred tax asset 20,607
Deferred tax liability (747)
31 March 2014 19,860
At 31 March 2013, deferred tax assets and liabilities, before offset of balances within countries, were as follows:
Amount Net
(charged)/ recognised
credited Gross Gross Less deferred tax
in income deferred deferred tax amounts (liability)/
statement tax asset liability unrecognised asset
£m £m £m £m £m
Accelerated tax depreciation 58 1,071 (4,962) –(3,891)
Intangible assets 85 126 (1,403) –(1,277)
Tax losses 164 28,077 –(25,977) 2,100
Deferred tax on overseas earnings (5) –(1,812) –(1,812)
Other temporary differences 59 2,848 (193) (1,598) 1,057
31 March 2013 361 32,122 (8,370) (27,575) (3,823)
At 31 March 2013 deferred tax assets and liabilities were analysed in the statement of nancial position, after offset of balances within countries,
as follows:
£m
Deferred tax asset 2,848
Deferred tax liability (6,671)
31 March 2013 (3,823)
Annual Report 2014 121Overview Strategy
review Performance Governance Financials Additional
information