|
13 Provisions for liabilities and charges
| 31 March |
|
|
|
|
| 2003 |
|
|
2003 |
2002 |
| £m |
|
|
£m |
£m |
|
| 92.7 |
|
Deferred tax |
92.9 |
91.2 |
|
| The deferred tax liability relates primarily to capital allowances claimed on plant and machinery within investment properties. When
a property is sold and the agreed disposal value for this plant and machinery is less than original cost, there is a release of the
surplus part of the provision. The entire amount of the capital allowance provision would be expected to be released on sale. |
|
