Deferred tax (Tables)

12 Months Ended

Jun. 30, 2018

Disclosure of temporary difference, unused tax losses and unused tax credits

Deferred tax assets and deferred tax liabilities are offset where the Group has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after allowable offset):

	2018 £'000			2017 £'000
US deferred tax assets		(63,974	)		(142,107	)
UK deferred tax liabilities		28,559			20,828

At 30 June		(35,415	)		(121,279	)

The movement in deferred tax assets and deferred tax liabilities during the year is as follows:

	2018 £'000			2017 £'000
At 1 July		(121,279	)		(131,096	)
Expensed/(credited) to income statement (note 10)		63,425			(7,115	)
Expensed to other comprehensive income		21,892			16,932
Reclassification to tax receivable		547			—

At 30 June		(35,415	)		(121,279	)

Disclosure of temporary difference, unused tax losses and unused tax credits

Schedule of movement in deferred tax assets and deferred tax liabilities

	Foreign tax credits £'000			Net operating losses £'000			Unrealized foreign exchange and derivative movements £'000			Intangible assets £'000			Deferred revenue £'000			Other(1) £'000			Total £'000
At 1 July 2016		(26,776	)		(21,658	)		(27,838	)		(60,591	)		(5,163	)		(3,434	)		(145,460	)
(Credited)/expensed to income statement (note 10)		(14,354	)		20,588			(5,702	)		13,344			(10,296	)		(1,991	)		1,589
Expensed to other comprehensive income (note 10)		1,083			—			681			—			—			—			1,764

At 30 June 2017		(40,047	)		(1,070	)		(32,859	)		(47,247	)		(15,459	)		(5,425	)		(142,107	)
Expensed/(credited) to income statement (note 10)		13,504			(2,096	)		11,931			26,026			7,732			2,869			59,966
(Credited)/expensed to other comprehensive income (note 10)		(4,271	)		(233	)		22,124			—			—			—			17,620
Reclassification to tax receivable		—			—			—			—			—			547			547

At 30 June 2018		(30,814	)		(3,399	)		1,196			(21,221	)		(7,727	)		(2,009	)		(63,974	)


(1)	The "Other" deferred tax asset balance of £2,009,000 primarily comprises bad debt provision not allowed until written off of £2,017,000, provisions not allowed until paid of £3,747,000, and upwards revaluation of tax bases of real estate at the time of the IPO in 2012 of £2,830,000, partially offset by temporary differences arising on depreciation of £6,704,000.

Disclosure of temporary difference, unused tax losses and unused tax credits

Schedule of movement in deferred tax assets and deferred tax liabilities

	Accelerated tax depreciation £'000			Rolled over gain on player disposal £'000		Non qualifying property £'000			Property fair value adjustment £'000			Net operating losses £'000			Other(1) £'000			Total £'000
At 1 July 2016		684			3,258		12,605			14,829			(1,795	)		(15,217	)		14,364
Expensed/(credited) to income statement (note 10)		152			1,918		(704	)		(1,253	)		1,768			(10,585	)		(8,704	)
Expensed to other comprehensive income (note 10)		—			—		—			—			—			15,168			15,168

At 30 June 2017		836			5,176		11,901			13,576			(27	)		(10,634	)		20,828
(Credited)/expensed to income statement (note 10)		(31	)		2,213		(3	)		(429	)		(85	)		1,794			3,459
Expensed to other comprehensive income (note 10)		—			—		—			—			—			4,272			4,272

At 30 June 2018		805			7,389		11,898			13,147			(112	)		(4,568	)		28,559


(1)	The "Other" deferred tax asset balance of £4,568,000 primarily comprises losses carried forward arising from UK tax legislation introduced during the year ended 30 June 2017.