Annual Report for the year ended 31 December 2008

20. deFeRRed inCome taX (CONTINuED)
notes to tHe FinanCial statements CONTINuED
FOR THE YEAR ENDED 31 DECEMBER 2008
Capital Other temporary Trading Deferred income
allowances differences losses Options tax asset
2008 2008 2008 2008 2008
£'000 £'000 £'000 £'000 £'000
DEFERRED INCOME TAX ASSETS
At 1 January 198 89 3,123 5,890 9,300
Movement in the year 114 (7) 1,743 (1,492) 358
Movement in discontinuing operations throughout the year 81 – 643 (172) 552
Transferred to disposal group classified as held-for-sale (83) – (643) (104) (830)
AT 31 DECEMBER 310 82 4,866 4,122 9,380
Deferred income tax assets are expected to be recovered as follows:
2008 2007
£'000 £'000
Within twelve months 5,914 5,948
After twelve months 3,466 3,352
Total deferred income tax asset 9,380 9,300
21. inVestment in assoCiates
2008 2007
£'000 £'000
COST
At 1 January – 109
Transfer – (138)
post tax share of profits – 29
AT 31 DECEMBER – –
NET BOOk VALuES
At 1 January – 109
AT 31 DECEMBER – –
The investment in associate relates to WDB capital limited which became a wholly owned subsidiary of the Group on 2 August 2007.
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