62 Finsbury Food Group Annual Report & Accounts 2016





24. Deferred Tax Assets and Liabilities Recognised deferred tax assets and liabilities.


Deferred tax assets and liabilities are attributable to the following: Assets


2016 £000


Intangibles


Property, plant and equipment 


 Interest rate swaps


Pension scheme charges


Employee share scheme charges Losses acquired


Tax assets/(liabilities) Net tax assets/(liabilities)


- -


3


37 25


1,163 202


2,062 3,492 1,945


2015 £000


- - - -


72


767 758


2,849 4,446 4,343


2016 £000


(1,409) (138) - - - - - -


(1,547) -


Liabilities


2015 £000


-


(41) (23) (39) - - - -


(103) -


 


Movement in Deferred Tax during the Year


27 June 2015 £000


Intangibles


Property, plant and equipment 


 Interest rate swaps Pension scheme


Employee share scheme Losses acquired


-


(41) (23) (39) 72


767 758


2,849 4,343


Recognised in income £000


345


(97) 26 76


(47) 6


19


(787) (459)


Recognised in equity £000


- - - - -


390


(575) -


(185)


intangible assets* £000


Recognition of deferred tax on


2 July 2016 £000


(1,754) - - - - - - -


(1,754)


(1,409) (138) 3


37 25


1,163 202


2,062 1,945


  The deferred tax liability will unwind in line with the amortisation of the intangible assets (see Notes 9 and 24 for the details of the tax impact).


Movement in Deferred Tax during the Prior Year


28 June 2014 £000


Property, plant and equipment 


 Interest rate swaps Pension scheme


Employee share scheme Losses acquired





(318) 13


(104) 77


726 513 -


21 928


Recognised in income £000


(215) (36)


(171) (5)


10 2


(326) (21)


(762)


Recognised in equity £000


- - - -


31


243 - -


274


Acquired £000


492 -


236 - - -


3,175 -


3,903


27 June 2015 £000


(41) (23) (39) 72


767 758


2,849 -


4,343


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