|
|
|
|
20. Provisions for liabilities and charges |
|
|
|
|
|
a) The Group |
|
Deferred
tax
£m |
Rationalisation
and
restructuring
£m |
Other
£
m |
Total
£m |
At 1 January 2003 |
|
219 |
11 |
25 |
255 |
Charged to profit and loss |
|
28 |
1 |
1 |
30 |
Credited to profit and loss |
|
(58) |
– |
(4) |
(62) |
Provisions utilised/released |
|
– |
(3) |
(2) |
(5) |
Transfer to corporation tax |
|
(4) |
– |
– |
(4) |
Foreign exchange |
|
20 |
– |
4 |
24 |
|
|
|
At 31 December 2003 |
|
205 |
9 |
24 |
238 |
|
|
|
|
|
|
The majority of the rationalisation and restructuring provision relates to liabilities in respect of onerous property leases and employee-related compensation.
Other provisions primarily comprise amounts provided for long service and annual leave liabilities and for mine site restoration. These liabilities are not expected to
arise in the short-term. |
|
|
|
|
|
b) The Company |
|
Deferred
tax
£m |
Rationalisation
and
restructuring
£m |
Total
£m |
At 1 January 2003 |
|
36 |
11 |
47 |
Provisions utilised/released |
|
– |
(3) |
(3) |
Reclassifications and transfers |
|
(6) |
– |
(6) |
|
|
|
At 31 December 2003 |
|
30 |
8 |
38 |
|
|
|
|
|
|
|
|