XML 360 R53.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Taxation (Tables)
12 Months Ended
Dec. 31, 2019
Income Taxes [Abstract]  
Components Of Tax Expense (Benefit)
 
 
 
Year ended December 31, 2019
 
Year ended December 31, 2018
 
Year ended December 31,
2017
 
Note
 
€m
 
€m
 
€m
Current tax expense
 
 
 
 
 
 
 
Current tax on profits for the period
 
 
(66.4
)
 
(63.9
)
 
(37.5
)
Adjustments in respect of prior periods
 
 

 
2.8

 
3.2

 
 
 
(66.4
)
 
(61.1
)
 
(34.3
)
Deferred tax income/(expense)
 
 

 

 

Origination and reversal of temporary differences
 
 
9.7

 
4.5

 
(2.1
)
Impact of change in tax rates
 
 

 

 
4.4

 
16
 
9.7

 
4.5

 
2.3

Total tax expense
 
 
(56.7
)
 
(56.6
)
 
(32.0
)
Reconciliation Of Effective Tax Rate
Reconciliation of effective tax rate:
 
Year ended December 31, 2019
 
Year ended December 31, 2018
 
Year ended December 31,
2017
 
€m
 
€m
 
€m
Profit before tax
210.3

 
227.1

 
168.5

Tax charge at the standard UK corporation tax rate 19% (2018: 19%; 2017: 19.25%)
(39.9
)
 
(43.2
)
 
(32.5
)
Difference in tax rates
(11.9
)
 
(14.8
)
 
(10.0
)
Non tax deductible interest
0.6

 

 
4.4

Other income and expenses not taxable or deductible
(1.2
)
 
5.3

 
16.8

Unrecognized tax assets
(0.9
)
 
0.6

 
(19.3
)
Provisions for uncertainties
(3.4
)
 
(7.3
)
 
1.0

Impact of change in deferred tax rates

 

 
4.4

Prior period adjustment

 
2.8

 
3.2

Total tax expense
(56.7
)
 
(56.6
)
 
(32.0
)
Income Tax Relating to Components Of Other Comprehensive Income
The tax (credit)/charge relating to components of other comprehensive income is as follows:
 
 
 
 
Before
tax
 
Tax
credit
 
After tax
Year ended December 31, 2019
Note
 
€m
 
€m
 
€m
Remeasurement of post-employment benefit liabilities
 
 
35.9

 
(6.7
)
 
29.2

Net investment hedge
 
 
(6.0
)
 

 
(6.0
)
Cash flow hedges
 
 
27.3

 
(5.6
)
 
21.7

Other comprehensive loss/(income)
 
 
57.2

 
(12.3
)
 
44.9

Current tax
 
 
 
 

 
 
Deferred tax
16
 
 
 
(12.3
)
 
 
 
 
 
 
 
(12.3
)
 
 
 
 
 
Before
tax
 
Tax
(credit)/
charge
 
After tax
Year ended December 31, 2018
Note
 
€m
 
€m
 
€m
Remeasurement of post-employment benefit liabilities
 
 
12.9

 
(3.3
)
 
9.6

Net investment hedge
 
 
(5.6
)
 

 
(5.6
)
Cash flow hedges
 
 
(15.5
)
 
4.0

 
(11.5
)
Other comprehensive (income)/loss
 
 
(8.2
)
 
0.7

 
(7.5
)
Current tax
 
 
 
 

 
 
Deferred tax
16
 
 
 
0.7

 
 
 
 
 
 
 
0.7

 
 
 
 
 
Before
tax
 
Tax
charge/(credit)
 
After tax
Year ended December 31, 2017
Note
 
€m
 
€m
 
€m
Remeasurement of post-employment benefit liabilities
 
 
(2.9
)
 
2.0

 
(0.9
)
Net investment hedge
 
 
0.8

 

 
0.8

Cash flow hedges
 
 
16.4

 
(5.0
)
 
11.4

Other comprehensive loss/(income)
 
 
14.3

 
(3.0
)
 
11.3

Current tax
 
 
 
 

 
 
Deferred tax
16
 
 
 
(3.0
)
 
 
 
 
 
 
 
(3.0
)