XML 71 R57.htm IDEA: XBRL DOCUMENT

Deferred tax assets and liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of income tax [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are attributable to the following:


			December 31, 2021																		December 31, 2020 (restated)
			Assets						Liabilities						Total						Assets						Liabilities						Total
			€m						€m						€m						€m						€m						€m
Property, plant and equipment			8.9						(34.4)						(25.5)						20.6						(27.3)						(6.7)
Intangible assets			33.8						(382.9)						(349.1)						0.9						(384.4)						(383.5)
Employee benefits			36.4						—						36.4						48.3						(0.3)						48.0
Tax value of loss carry forwards			40.4						—						40.4						24.6						—						24.6
Derivative financial instruments			1.7						(7.0)						(5.3)						9.3						(0.1)						9.2
Other			7.1						(13.3)						(6.2)						9.8						(15.0)						(5.2)
Tax assets/(liabilities)			128.3						(437.6)						(309.3)						113.5						(427.1)						(313.6)

Movement in deferred tax during the year:


			Opening balance Jan 1, 2021 (restated)												Acquired in business combinations						Recognized in Statement of Profit or Loss						Recognized in Other Comprehensive Income						Movement in foreign exchange						Closing balance Dec 31, 2021
			€m												€m						€m						€m						€m						€m
Property, plant and equipment			(6.7)												(2.2)						(17.2)						—						0.6						(25.5)
Intangible assets			(383.5)												(30.1)						64.5						—						—						(349.1)
Employee benefits			48.0												—						(1.2)						(10.2)						(0.2)						36.4
Tax value of loss carry forwards			24.6												—						15.8						—						—						40.4
Derivative financial instruments			9.2												—						(0.3)						(13.6)						(0.6)						(5.3)
Other			(5.2)												(0.6)						(0.4)						—						—						(6.2)
Total deferred tax			(313.6)												(32.9)						61.2						(23.8)						(0.2)						(309.3)