Annual report and accounts 2023 - Flipbook - Page 159
Strategic Report
6.
2023
£m
2022
£m
48.7
35.4
41.7
34.9
84.1
76.6
2023
£m
2022
£m
0.5
–
Net finance costs
Interest receivable on short-term deposits
Interest payable
Lease interest
Finance costs relating to defined benefit pension plans (Note 27)
Unwind of discount
8.
Accounts
Operating expenses
Distribution costs (including selling costs)
Administration costs
7.
Corporate Governance
(0.2)
(0.1)
–
(1.1)
(0.2)
(0.1)
(0.1)
–
(0.9)
(0.4)
2023
£m
2022
£m
Taxation
Group
Charge/(credit) to the income statement
Current tax on profits for the year
Adjustments in respect of prior years
Total current tax expense
Deferred tax
Origination and reversal of:
Temporary differences
Adjustment for change in corporation tax rate
Adjustments in respect of prior years
Total deferred tax expense (Note 25)
Total tax expense
7.0
0.7
7.1
(0.3)
7.7
6.8
3.5
–
(0.7)
1.3
5.7
0.6
2.8
7.6
10.5
14.4
In addition to the above movements in deferred tax, a deferred tax debit of £0.6m (2022: credit of £0.3m) has been recognised in other comprehensive income and a debit of
£0.2m (2022: credit of £0.4m) has been taken direct to reserves (Note 25). In addition, a deferred tax liability of £4.3m has been recognised on the acquisition of Boost (Note 15).
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