Notes to the financial statements

Page 20 of 35

The movement in the deferred tax balance is as follows:

	As at 31 March 2009 £m	As at 31 March 2008 £m
As at 1 April – as previously reported	(48)	33
Prior year adjustment in respect of amortisation of intangible assets arising on consolidation (note 1(a))	–	(74)
As at 1 April – as restated (note 1(a))	(48)	(41)
Prior year adjustment in respect of acquisition of intangible assets arising on consolidation	–	(33)
Effect of change in UK corporate tax rate charged to the income statement	–	(2)
Amounts charged to the income statement	(33)	(1)
Amounts credited in respect of amortisation of intangible assets arising on consolidation – prior year adjustment (note 1(a))	22	16
Amounts recognised on the revaluation of available-for-sale investments	1	2
Amounts recognised on share-based payments	(4)	(1)
On acquisition of subsidiaries	(30)	11
Exchange adjustments	(32)	1
As at 31 March – as restated (note 1(a))	(124)	(48)
The net deferred tax balance is represented by:
Deferred tax assets – as originally reported	40	47
Deferred tax liabilities – as originally reported	–	–
Deferred tax liabilities – as restated (note 1(a))	(164)	(95)
As at 31 March – as restated (note 1(a))	(124)	(48)
Deferred tax assets and liabilities comprise:
Accelerated capital allowances	7	5
Unrealised gains on available-for-sale investments	–	(1)
Other timing differences – assets	33	43
Other timing differences – liabilities	(25)	–
Liabilities on intangible assets arising on consolidation	(139)	(95)
	(124)	(48)

Page 20 of 35