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Deferred tax (Tables)
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Analysis of Deferred Tax Balances for Financial Reporting Purposes The following is the analysis of the deferred tax balances for financial reporting purposes:
 
  
Gross
2019
£m
 
 
Offset
2019
£m
 
 
As
reported
2019
£m
 
 
Gross
2018
£m
 
 
Offset
2018
£m
 
 
As
reported
2018
£m
 
Deferred tax assets
  
 
430.9
 
 
 
(243.0
) 
 
 
187.9
 
 
 
412.0
 
 
 
(259.0
) 
 
 
153.0
 
Deferred tax liabilities
  
 
(622.8
) 
 
 
243.0
 
 
 
(379.8
) 
 
 
(738.5
) 
 
 
259.0
 
 
 
(479.5
) 
 
  
 
(191.9
) 
 
 
 
 
 
 
(191.9
) 
 
 
(326.5
) 
 
 
–
 
 
 
(326.5
) 
Movements of Major Gross Deferred Tax Assets The following are the major gross deferred tax assets recognised by the Group and movements thereon in 2019 and 2018:
 
 
Deferred
compensation
£m
 
 
Accounting
provisions
and accruals
£m
 
 
Retirement
benefit
obligations
£m
 
 
Property,
plant and
equipment
£m
 
 
Tax
losses
and
credits
£m
 
 
Share-
based
payments
£m
 
 
Restructuring
provisions
£m
 
 
Other
temporary
differences
£m
 
 
Total
£m
 
1 January 2018
 
 
53.5
 
 
 
84.9
 
 
 
75.6
 
 
 
68.4
 
 
 
72.7
 
 
 
33.0
 
 
 
5.8
 
 
 
17.9
 
 
 
411.8
 
Acquisition of subsidiaries
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
2.0
 
 
 
2.0
 
Credit/(charge) to income
 
 
4.7
 
 
 
13.0
 
 
 
(11.2
) 
 
 
(20.6
) 
 
 
(8.9
) 
 
 
(15.3
) 
 
 
10.7
 
 
 
11.0
 
 
 
(16.6
) 
Charge to other comprehensive income
 
 
–
 
 
 
–
 
 
 
(0.2
) 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
(0.2
) 
Charge to equity
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
(1.6
) 
 
 
–
 
 
 
–
 
 
 
(1.6
) 
Exchange differences
 
 
3.4
 
 
 
3.5
 
 
 
4.3
 
 
 
0.1
 
 
 
3.3
 
 
 
0.7
 
 
 
0.8
 
 
 
0.5
 
 
 
16.6
 
31 December 2018
 
 
61.6
 
 
 
101.4
 
 
 
68.5
 
 
 
47.9
 
 
 
67.1
 
 
 
16.8
 
 
 
17.3
 
 
 
31.4
 
 
 
412.0
 
(Charge)/credit to income
 
 
(1.7
) 
 
 
10.2
 
 
 
6.7
 
 
 
19.4
 
 
 
24.2
 
 
 
2.9
 
 
 
12.5
 
 
 
(16.6
) 
 
 
57.6
 
Charge to other comprehensive income
 
 
–
 
 
 
–
 
 
 
(3.2
) 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
(3.2
) 
Credit to equity
 
 
–
 
 
 
–
 
 
 
–
 
 
 
27.8
 
 
 
–
 
 
 
3.1
 
 
 
–
 
 
 
–
 
 
 
30.9
 
Transfer to disposal group classified as held for sale
 
 
(4.2
) 
 
 
(19.2
) 
 
 
(12.3
) 
 
 
(13.6
) 
 
 
(3.0
) 
 
 
(0.7
) 
 
 
(3.4
) 
 
 
0.1
 
 
 
(56.3
) 
Exchange differences
 
 
(2.2
) 
 
 
(5.0
) 
 
 
(2.2
) 
 
 
3.2
 
 
 
(2.0
) 
 
 
(0.6
) 
 
 
(0.6
) 
 
 
(0.7
) 
 
 
(10.1
) 
31 December 2019
 
 
53.5
 
 
 
87.4
 
 
 
57.5
 
 
 
84.7
 
 
 
86.3
 
 
 
21.5
 
 
 
25.8
 
 
 
14.2
 
 
 
430.9
 
Movements of Gross Deferred Tax Liabilities
In addition the Group has recognised the following gross deferred tax liabilities and movements thereon in 2019 and 2018:
 
 
  
Brands
and other
intangibles
£m
 
 
Associate
earnings
£m
 
 
Goodwill
£m
 
 
Property,
plant and
equipment
£m
 
 
Financial
instruments
£m
 
 
Other
temporary
differences
£m
 
 
Total
£m
 
1 January 2018
  
 
489.2
 
 
 
21.6
 
 
 
140.4
 
 
 
21.2
 
 
 
36.2
 
 
 
56.6
 
 
 
765.2
 
Acquisition of subsidiaries
  
 
10.7
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
10.7
 
(Credit)/charge to income
  
 
(68.8
) 
 
 
(3.9
) 
 
 
31.8
 
 
 
(0.3
) 
 
 
(0.9
) 
 
 
(20.7
) 
 
 
(62.8
) 
Charge to other comprehensive income
  
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
0.5
 
 
 
0.5
 
Exchange differences
  
 
7.5
 
 
 
(0.1
) 
 
 
10.1
 
 
 
1.3
 
 
 
4.6
 
 
 
1.5
 
 
 
24.9
 
31 December 2018
  
 
438.6
 
 
 
17.6
 
 
 
182.3
 
 
 
22.2
 
 
 
39.9
 
 
 
37.9
 
 
 
738.5
 
Acquisition of subsidiaries
  
 
0.8
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
0.8
 
(Credit)/charge to income
  
 
(31.2
) 
 
 
68.6
 
 
 
10.3
 
 
 
(22.2
) 
 
 
(0.7
) 
 
 
(6.7
) 
 
 
18.1
 
Credit to other comprehensive income
  
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
(9.6
) 
 
 
(9.6
) 
Transfer to disposal group classified as held for sale
  
 
(46.6
) 
 
 
(7.9
) 
 
 
(51.7
) 
 
 
–
 
 
 
–
 
 
 
0.6
 
 
 
(105.6
) 
Exchange differences
  
 
(9.3
) 
 
 
(1.8
) 
 
 
(5.5
) 
 
 
–
 
 
 
(2.3
) 
 
 
(0.5
) 
 
 
(19.4
) 
31 December 2019
  
 
352.3
 
 
 
76.5
 
 
 
135.4
 
 
 
–
 
 
 
36.9
 
 
 
21.7
 
 
 
622.8