NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2008
13 Provisions (continued)
(b) Other provisions –pensions
Group and company 2008 2007
£'000 £'000
At 1 January 2008 3,200 8,000
Movement in year 3,200 (4,800)
At 31 December 2008 (note 17) 6,400 3,200
14 Deferred Tax
2008 2007
Group Company Group Company
£'000 £'000 £'000 £'000
At 1 January 2008 (42) 45 67 67
Acquired on purchase of MDU Services Limited - - (87) -
Movement in year (32) (6) (22) (22)
At 31 December 2008 (74) 39 (42) 45
The deferred tax asset for the group represents potential relief due to capital allowances on tangible fixed assets held
by the group being less than the depreciation that has been charged in the financial statements.
The deferred tax liability for the company represents the potential tax owing, on the excess of capital allowances on
tangible fixed assets held by the company compared to the depreciation that has been charged in the financial
statements.
15 Reserves
Group
Accumulated Fund PensionsAccumulated
before pensions liability Fund
liability
£'000 £'000 £'000
At 1 January 2008 3,200 (3,200) -
Result for year 31,712 1,000 32,712
Actuarial loss on pension scheme - (4,200) (4,200)
At 31 December 2008 34,912 (6,400) 28,512
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