| 31 March 2005 £m |
|
2005 £m |
2004 £m |
|---|---|---|---|
| 123 | Capital allowances | 125 | 106 |
| (29) | Other timing differences | (34) | |
| Intangible assets | 21 | ||
| 851 | Property and investment revaluations | 1,021 | 710 |
| 945 | 1,133 | 816 | |
| Deferred tax movements | |||
| 746 | Opening position | 945 | 746 |
| 130 | Charge to income statement | 135 | 68 |
| (6) | (Credit) charge to statement of recognised income and expense | (5) | 2 |
| 75 | Acquisitions | 58 | |
| 945 | Closing position | 1,133 | 816 |
