Annual Reports Keepmoat Homes Annual Report 2018 | Page 78

Notes to the company financial statements
Keepmoat.com
38 – Deferred tax
The following deferred assets and liabilities were recognised by the Company as at 31 March 2018
2018 2017
£’000 £’000
Deferered tax assets 1,794 951
Deferred tax liabilities (252) (197)
At 31 March 1,542 754
Plant,
property
and
equipment Other Total
£’000 £’000 £’000
At 1 April 2017 454 497 951
Credit to income statement 262 581 843
At 31 March 2018 716 1,078 1,794
Pension
scheme Total
£’000 £’000
197 197
55 55
252 252
.
Deferred tax asset
Deferred tax liability
At 1 April 2017
Credited to other comprehensive income
At 31 March 2018
39 – Share capital
See note 20 to the consolidated financial statements for details.
40 – Financial commitments
At 31 March 2018, the Company has entered into non-cancellable contracts for the operational leasing of land and buildings
and plant and machinery. The leases have various terms, escalation clauses and renewal rights. The minimum commitments
for payments under these contracts are as follows:
2018 2017
£’000 £’000
485 682
Later than one year and less than five years 1,935 2,106
After five years 2,445 4,781
Total financial commitment 4,865 7,569
Within one year
These relate to operational leasing of land and buildings and vehicles.
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