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Notes on the Financial Statements58 22PROVISIONS FOR LIABILITIES AND CHARGES WarrantyPensionRestructuringOtherGroup provision

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Content	Notes on the Financial Statements58 22PROVISIONS FOR LIABILITIES AND CHARGES WarrantyPensionRestructuringOtherGroup provisionsobligationsprovisionsprovisionsTotal £m£m£m£m£m At 31 March 20044.20.9–0.25.3 Provided in the year4.40.46.10.611.5 Utilised in the year(4.9)(0.4)(0.9)(0.1)(6.3) Released unused(1.0)–––(1.0) Acquisitions0.2–––0.2 Disposal(0.3)–––(0.3) At 31 March 20052.60.95.20.79.4 Warranty provisions reflect the Group’s standard terms and conditions. In general these apply for a year, and, as a result, the majority of the provision is expected to be utilised within a twelve month period. The provision for pension obligations relates to USA pension costs charged to the profit and loss account, but under IRS regulations, not yet paid into the USA defined benefit scheme. These pension payments are expected to be made over several future accounting periods. Restructuring provisions comprise costs associated with the closure of the East Grinstead Site, disposal of the Medical business and remaining amounts for the restructuring of acquisitions made during the year. Other provisions relate to replacement of the Chief Executive and to surplus leases. The lease provisions reflect the discounted value of the expected shortfall in rental income against rental costs and will be used over the related lease periods. The £0.6m (2004 £0.1m) provision in the Company balance sheet relates primarily to replacement of the Chief Executive. 23DEFERRED TAX GroupGroupCompanyCompany 2005200420052004 £m£m£m£m Deferred tax asset At 31 March 20045.24.00.3– Transfer to profit and loss account(0.8)1.50.10.3 Disposal(0.6)––– Exchange movements–(0.3)–– As at 31 March 20053.85.20.40.3 GroupGroupGroupGroup RecognisedRecognisedUnrecognisedUnrecognised 2005200420052004 £m£m£m£m The amounts for deferred tax assets, representing the full potential liability, are set out below: Excess of depreciation over corresponding capital allowances 1.41.60.90.4 Other timing differences2.33.40.1– Carried forward losses0.10.26.65.1 3.85.27.65.5 CompanyCompany RecognisedRecognised 20052004 £m£ The amounts for deferred tax assets, representing the full potential liability,are set out below: Excess of depreciation over corresponding capital allowances 0.30.2 Other timing differences0.10.1 0.40.3 There were no Company unrecognised deferred tax assets (2004 £nil). A deferred tax asset of £3.8m (2004 5.2m) has been recognised in the accounts. This asset relates to short term timing differences, deferred capital allowances which have not been fully claimed and losses in some of the Group’s overseas operations. The Group has recognised the assets only to the extent that there is expected to be suitable taxable profits from which the future reversal of the underlying differences can be deducted and the losses utilised.
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Following Datasheets	2006_Annual_Report (104 pages) 2006-Half-Year-Report (24 pages) 2007_Annual_Report_1 (104 pages) 2007-Half-Year-Report (28 pages) 2008_Annual_Report_2 (108 pages) 2008-Half-Year-Report (24 pages) 2009_Annual_Report_2 (88 pages) 2009-Half-Year-Report (24 pages) 2010-Annual-Report (84 pages) 2010-Half-Year-Report (20 pages)
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