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Notes to the financial statementsNotes to the financial statements

Notes to the financial statements

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Page 22 of 35

22. Provisions

  Property
£m		   Holiday pay
£m		   Other
£m		   Total
£m
As at 1 April 2008 1   4   11   16
Amounts charged against provisions (1)   –   (1)   (2)
Recognised in the income statement 6   1   2   9
Released to the income statement –   –   (2)   (2)
Exchange adjustment 1   –   –   1
As at 31 March 2009 7   5   10   22
  Property
£m		 Holiday pay
£m		 Other
£m		 Total
£m
As at 1 April 2007 2 3 6 11
Amounts charged against provisions (1) – – (1)
Recognised in the income statement – 1 5 6
As at 31 March 2008 1 4 11 16
  As at
31 March
2009
£m		 As at
31 March
2008
£m
Included in current liabilities 20 15
Included in non-current liabilities 2 1
  22 16

Property provisions outstanding at 31 March 2009 relate to surplus properties in Asia Pacific that are not expected to be fully utilised until 2014. The provision for London property has been substantially utilised in the current year.

The holiday pay provision represents the value of employees’ unused holiday entitlement at the balance sheet date.

Other provisions include obligations for certain employee related costs, legal provisions and pension arrangements in the Group which are expected to be discharged over the next two years.

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