Experian 2010 Annual Report Download - page 143

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141
Introduction
2 – 11
Business review
12 – 51
Governance
52 – 84
Financial statements
85 – 160
31. Deferred tax (continued)
(c) Deferred tax liabilities
Movements in gross deferred tax liabilities, without taking into consideration the offsetting of liabilities and assets within the
same tax jurisdiction, comprise:
Property
valuations
US$m
Accelerated
depreciation
US$m
Intangibles
US$m
Share option
and award
plans
US$m
Tax losses
US$m
Other
temporary
differences
US$m
To t a l
US$m
At 1 April 2009 - 5 243 - - 142 390
Differences on exchange - 1 32 - - - 33
Income statement charge/(credit) -30 86 - - (106) 10
Business combinations - - 5 - - - 5
Transfer in respect of liabilities held
for sale - - (4) - - - (4)
At 31 March 2010 -36 362 - - 36 434
Property
valuations
US$m
Accelerated
depreciation
US$m
Intangibles
US$m
Share option
and award
plans
US$m
Tax losses
US$m
Other
temporary
differences
US$m
Tot a l
US$m
At 1 April 2008 5 37 184 1 4 176 407
Differences on exchange 8 (2) (48) - - (37) (79)
Income statement charge/(credit) (13) 6 (57) (1) (4) 82 13
Business combinations - - 20 - - - 20
Trans f e r s - (36) 144 - - (79) 29
At 31 March 2009 - 5 243 - - 142 390
Deferred tax liabilities of US$1,447m (2009: US$2,062m) have not been recognised for the withholding tax and other taxes that
would be payable on the unremitted earnings of certain subsidiaries. As the earnings are continually reinvested by the Group, no
tax is expected to be payable on them in the foreseeable future. The decrease in the unrecognised liabilities in the year resulted
from changes in the Group structure.
At the balance sheet date there were deferred tax liabilities expected to reverse within the next year of US$57m (2009: US$94m).