Notes to the Financial Statements continued for the year ended 31 May 2022
17 Trade and other receivables continued The movement in the expected credit losses of trade and other receivables is as follows:
Group 2022 £m
Group 2021 £m
(1.7) (1.4) (0.4)
Balance at 1 June
(2.5)
On acquisition (Note 34)
–
(Charged)/released to the Income Statement
0.8
Balance at 31 May
(3.5)
(1.7)
18 Deferred tax assets and liabilities (Group) Deferred tax assets and liabilities on the Consolidated Statement of Financial Position are offset in accordance with IAS 12. A summary of this, offset with significant jurisdictions, is shown below:
2022
UK £m
US £m
Netherlands £m
Denmark £m
Total £m 0.2 6.4 0.5
Asset/(liability)
0.3 0.2 0.3
(0.4)
0.3
– – – – –
Plant and equipment
6.2 0.2
– –
Short-term temporary differences
IFRS 16 assets/liabilities
(1.8)
(5.2)
(1.8)
(8.8)
Intangible assets
0.9
0.6
–
1.5
Share-based payments
Deferred tax (liability)/asset
(0.1)
1.4
(1.5)
–
(0.2)
Analysed as follows: Non-current assets Non-current liabilities
–
1.4
–
– –
1.4
(0.1)
–
(1.5)
(1.6)
2021
UK £m
US £m
Netherlands £m
Denmark £m
Total £m 0.9 4.8 0.5
Asset/(liability)
Plant and equipment
0.6 0.1 0.3
–
0.3 0.2
– – – – –
Short-term temporary differences
4.5 0.2
IFRS 16 assets/liabilities
–
Intangible assets
(1.7)
(3.9)
(1.9)
(7.5)
Share-based payments
0.7
0.7
0.2
1.6 0.5
Tax losses
–
–
–
0.5
Deferred tax asset/(liability)
–
1.5
(1.2)
0.5
0.8
Analysed as follows: Non-current assets Non-current liabilities
– –
1.5
–
0.5
2.0
–
(1.2)
–
(1.2)
182
NCC Group plc — Annual report and accounts for the year ended 31 May 2022
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