IAS 12 para 81(g)(i)(ii), analysis of deferred tax in balance sheet and income statement charge by category

Rolls-Royce Holdings plc – Annual report – 31 December 2021

Industry: manufacturing

5 TAXATION (extract 1)

5 TAXATION (extract 2)

Deferred taxation assets and liabilities

1 The 2021 deferred tax relates to the disposal of Bergen Engines AS and the Civil Nuclear Instrumentation & Control business. The 2020 deferred tax relates to the acquisitions of Qinous GmBH and Kinolt Group S.A.

2 The 2021 deferred tax transferred to assets held for sale relates to ITP Aero. The 2020 deferred tax transferred to assets held for sale relates to Bergen Engines AS and the Civil Nuclear Instrumentation and Control business.

The analysis of the deferred tax position is as follows: