Rolls-Royce Holdings plc – Annual report – 31 December 2022
Industry: manufacturing
5 Taxation (extract 2)
Deferred taxation assets and liabilities
1 The 2022 deferred tax relates to the disposal of ITP Aero. The 2021 deferred tax relates to the disposal of Bergen Engines AS and the Civil Nuclear Instrumentation and Control business
2 The 2021 deferred tax transferred to assets held for sale relates to ITP Aero
The analysis of the deferred tax position is as follows:
1 Other temporary differences mainly relate to the deferral of relief for interest expenses in the UK and revenue recognised earlier under local GAAP compared to IFRS in Germany
Accounts examples 