Deferred tax
| Property, plant and equipment $m |
Deferred gains on loan notes $m |
Deferred gains on investments $m |
Losses $m |
Employee benefits $m |
Intangible assets $m |
Undistributed earnings of subsidiaries $m |
Other short-term temporary differencesa $m |
Total $m |
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At 1 January 2016 |
99 | 55 | 87 | (67 | ) | (32 | ) | 70 | 70 | (196 | ) | 86 | ||||||||||||||||||||||||
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Income statement |
22 | (3 | ) | (9 | ) | 19 | (3 | ) | (7 | ) | — | 99 | 118 | |||||||||||||||||||||||
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Statement of comprehensive income |
— | — | — | — | 12 | — | — | (1 | ) | 11 | ||||||||||||||||||||||||||
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Statement of changes in equity |
— | — | — | — | — | — | — | (3 | ) | (3 | ) | |||||||||||||||||||||||||
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Exchange and other adjustments |
(1 | ) | — | — | 4 | (4 | ) | (3 | ) | (11 | ) | 6 | (9 | ) | ||||||||||||||||||||||
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At 31 December 2016 |
120 | 52 | 78 | (44 | ) | (27 | ) | 60 | 59 | (95 | ) | 203 | ||||||||||||||||||||||||
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Income statementb |
(22 | ) | (18 | ) | (24 | ) | 1 | (4 | ) | (4 | ) | (61 | ) | 10 | (122 | ) | ||||||||||||||||||||
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Statement of comprehensive income |
— | — | — | — | 10 | — | (1 | ) | 4 | 13 | ||||||||||||||||||||||||||
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Statement of changes in equity |
— | — | — | — | — | — | — | 3 | 3 | |||||||||||||||||||||||||||
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Exchange and other adjustments |
— | — | — | 3 | 1 | 2 | 3 | (5 | ) | 4 | ||||||||||||||||||||||||||
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At 31 December 2017 |
98 | 34 | 54 | (40 | ) | (20 | ) | 58 | — | (83 | ) | 101 | ||||||||||||||||||||||||
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| a | Primarily relates to provisions, accruals, amortisation and share-based payments. |
| b | Movements largely reflect the impact of significant US tax reform enacted on 22 December 2017. |