Deferred Income Tax (Tables)

12 Months Ended

Dec. 31, 2019

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Summary of Deductible and Taxable Temporary Differences in Deferred Tax

The deductible and taxable temporary differences in respect of which deferred tax has been recognised are as follows:

	2019 €m		2018 €m
Reported in balance sheet after offset
Deferred tax liabilities		2,338		2,209
Deferred tax assets		(67)		(71)
Net deferred income tax liability		2,271		2,138
Deferred income tax assets (deductible temporary differences)
Deficits on Group retirement benefit obligations (note 30)		91		95
Revaluation of derivative financial instruments to fair value		7		13
Tax loss carryforwards		152		153
Share-based payment expense		32		21
Provisions for liabilities and working capital-related items		257		266
Lease liabilities		283		-
Other deductible temporary differences		23		39
Total		845		587

Summary of Deferred Income Tax Liabilities (Taxable Temporary Differences)

Deferred income tax liabilities (taxable temporary differences)
Taxable temporary differences principally attributable to accelerated tax depreciation and fair value adjustments arising on acquisition (i)	2,819	2,701
Leased right-of-use assets	273	-
Revaluation of derivative financial instruments to fair value	11	11
Rolled-over capital gains	13	13
Total	3,116	2,725

Summary of Movement in Net Deferred Income Tax Liability

Movement in net deferred income tax liability
At 1 January	2,138	1,571
Reclassified from held for sale	-	14
Translation adjustment	51	47
Net expense for the year (ii)	112	111
Arising on acquisition (note 32)	-	411
Disposal	(31)	(16)
Movement in deferred tax recognised in the Consolidated Statement of Comprehensive Income	6	(4)
Movement in deferred tax recognised in the Consolidated Statement of Changes in Equity	(5)	4
At 31 December	2,271	2,138

(i) Fair value adjustments arising on acquisition principally relate to property, plant and equipment.

(ii) The net expense for the year includes income of €3 million (2018: expense of €4 million) relating to discontinued operations.