Financial Statements

23. Deferred income tax asset/(liability)

Group Company
1 May 2011 2 May 2010 2 May 2011 2 May 2010
£m £m £m £m
Asset
Accelerated capital allowances (2.3) (2.9)
Temporary differences (losses) 0.5 0.4
Recognition of lease incentives 1.2 0.6
Goodwill and other intangibles arising in
subsidiary entities
44.4 51.5
Revaluation of derivatives and forward
exchange contracts to fair value 0.4 0.1
Total deferred tax asset 44.2 49.7
Liability
Other intangibles (3.0)
Total deferred tax liability (3.0)
Total net deferred tax 41.2 49.7

Recognition of deferred tax assets is based upon the expected generation of future taxable profits.