Notes to the Financial Statements
21. Provisions for Liabilities
The Company had the following deferred tax liabilities during the year:
2021 | 2020 | |
|---|---|---|
€’000 | €’000 | |
At 1 January | (15,629) | (13,726) |
Additions dealt with in profit and loss | (792) | (879) |
Additions dealt with in other comprehensive income | 298 | (1,024) |
At 31 December | (16,123) | (15,629) |
2021 | 2020 | |
|---|---|---|
€’000 | €’000 | |
Presented as: | ||
Deferred tax liabilities within provisions for liabilities | (16,123) | (15,629) |
The provision for deferred tax consists of the following deferred tax assets/(liabilities):
2021 | 2020 | |
|---|---|---|
€’000 | €’000 | |
Defined Benefit pension scheme | (6,583) | (6,964) |
Other timing differences | 44 | 44 |
Accelerated capital allowances | (9,584) | (8,709) |
(16,123) | (15,629) |
Deferred tax assets of €0.3m (2020: €0.3m) were not recognised in respect of capital losses on the basis that there is no likelihood of recovering the benefit from these tax losses.