XML 334 R60.htm IDEA: XBRL DOCUMENT v3.24.1
Deferred income tax (Tables)
 12 Months Ended
Dec. 31, 2023
Deferred income tax  
Summary of movement on the deferred income tax account, major components of deferred tax assets and liabilities at the year end and their changes during the year

The movement on the deferred income tax account is as follows:

​

​

​

​

​

​

​

    

​

    

Retrospectively

​

​

​

​

adjusted

​

​

2023

​

20221

​

​

£m

​

£m

At 1 January

 

(470)

 

(66)

Exchange differences

 

25

 

27

Acquisition of companies and businesses1

 

(8)

 

(448)

(Charged)/credited to the income statement

 

(26)

 

14

Credited to other comprehensive income

​

4

​

5

Credited/(charged) to equity

 

1

 

(2)

At 31 December1

 

(474)

 

(470)

Deferred taxation has been presented on the balance sheet as follows:

 

  

 

  

Deferred tax asset within non-current assets

 

43

 

43

Deferred tax liability within non-current liabilities1

 

(517)

 

(513)

​

 

(474)

 

(470)

1.Deferred tax liabilities have been retrospectively adjusted in 2022 by an increase of £2m, in accordance with IFRS 3, to reflect measurement period adjustments made relating to the Terminix acquisition (see Note B1).

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Customer 

    

Accelerated

    

​

    

​

    

​

    

​

    

​

    

​

​

​

lists/ 

​

 tax 

​

​

​

IFRS 15

​

Tax 

​

Share-based

​

​

​

​

​

​

intangibles1

​

depreciation 

​

Provisions

​

Contracts

​

losses 

​

payments 

​

Other2

​

Total1

​

​

 £m

​

£m

​

 £m

​

£m

​

£m

​

£m

​

£m

​

£m

At 1 January 2022

​

(84)

 

(50)

 

52

 

(9)

 

14

 

15

 

(4)

 

(66)

Exchange differences

 

32

​

—

​

(8)

​

2

​

—

​

—

​

1

​

27

Recognised in income statement

 

1

​

4

​

4

​

(2)

​

2

​

3

​

2

​

14

Recognised in other comprehensive income

 

—

​

—

​

—

​

—

​

4

​

—

​

1

​

5

Recognised in equity

 

—

​

—

​

—

​

—

​

—

​

(2)

​

—

​

(2)

Acquired in business combinations1

 

(521)

​

(29)

​

123

​

(24)

​

3

​

—

​

—

​

(448)

At 31 December 2022 (retrospectively adjusted)

 

(572)

​

(75)

​

171

​

(33)

​

23

​

16

​

—

​

(470)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At 1 January 2023

 

(572)

 

(75)

 

171

 

(33)

 

23

 

16

 

—

 

(470)

Exchange differences

​

26

​

3

​

(7)

​

2

​

—

​

—

​

1

​

25

Recognised in income statement

​

2

​

(12)

​

(15)

​

(10)

​

7

​

(2)

​

4

​

(26)

Recognised in other comprehensive income

 

—

​

—

​

—

​

—

​

8

​

—

​

(4)

​

4

Recognised in equity

 

—

​

—

​

—

​

—

​

—

​

1

​

—

​

1

Acquired in business combinations

 

(8)

​

—

​

—

​

—

​

—

​

—

​

—

​

(8)

At 31 December 2023

 

(552)

​

(84)

​

149

​

(41)

​

38

​

15

​

1

​

(474)

1.Deferred tax liabilities have been retrospectively adjusted in 2022 by an increase of £2m, in accordance with IFRS 3, to reflect measurement period adjustments made relating to the Terminix acquisition (see Note B1).
2.Included within other deferred tax assets/liabilities are retirement benefits and unremitted earnings from subsidiaries.