19 – Provisions for liabilities
Notes to the consolidated financial statements
Keepmoat . com 56
19 – Provisions for liabilities
Deferred consideration
Dilapidations Other Total
£’ 000 £’ 000 £’ 000 £’ 000 At 1 April 2016 - 1,576 570 2,146 Credited to the income statement - ( 262 ) ( 127 ) ( 389 ) On aquisition of subsidiary ( note 24 ) 8,142 - - 8,142 Reclassified as available for sale ( note 7 ) - ( 1,147 ) ( 2 ) ( 1,149 ) Utilised during year - - ( 120 ) ( 120 ) At 1 April 2017 8,142 167 321 8,630 Charged to the income statement 1,179 51 3,589 4,819 On acquisition of subsidiary ( note 24 ) 2,256 - - 2,256 Utilised during year ( 2,189 ) - ( 186 ) ( 2,375 ) At 31 March 2018 9,388 218 3,724 13,330 Current 9,388 136 2,116 11,640 Non-current - 82 1,608 1,690 At 31 March 2018 9,388 218 3,724 13,330 Current 1,813 136 321 2,270 Non-current 6,329 31 - 6,360 At 31 March 2017 8,142 167 321 8,630
Deferred consideration
Deferred consideration arose in connection with the acquisition of MCI Developments Limited during the prior year . The consideration was discounted to present value at 31 March 2017 , the current year charge to the income statement is the unwind of that discount . The increase during the year reflects an adjustment made to the deferred consideration and value of Goodwill ( note 24 ).
Dilapidations
The dilapidations provision covers the Group ’ s leased estate . A full provision up to the end of each lease was established by an independent external valuer , with the element up to the date of the financial statements being recognised in the accounts on a pro-rated straight line basis .
Other provisions
Other provisions comprise redundancy provisions , legal fees in relation to claims and onerous lease provisions relating to the Group ’ s leased estate . The onerous lease provision is calculated on a property by property basis and is calculated up to the next available break date or end of lease , whichever is the earlier .
Dilapidations and other provisions are stated at expected cost as the effects of discounting are considered to be immaterial .