1. Recognised Deferred Tax Assets and Liabilities

    Deferred tax assets and liabilities are attributable to the following:

    AssetsLiabilitiesNet
    2020
    £m    		Restated*
    2019
    £m    		2020
    £m    		Restated*
    2019
    £m    		2020
    £m    		Restated*
    2019
    £m
    Intangible assets––(62.4)(75.9)(62.4)(75.9)
    Property, plant and equipment––(4.0)(3.8)(4.0)(3.8)
    Inventories1.41.8––1.41.8
    Receivables/payables3.21.4––3.21.4
    Share-based payments0.71.0––0.71.0
    Losses0.51.6––0.51.6
    R&D tax credits0.3–––0.3–
    Employee benefit obligations0.40.3––0.40.3
    6.56.1(66.4)(79.7)(59.9)(73.6)

  2. Unrecognised Deferred Tax

    The aggregate amount of gross temporary differences associated with investments in subsidiaries for which deferred tax liabilities have not been recognised is £1.2 million (2019: £1.0 million). The estimated unprovided deferred tax liability in relation to these temporary differences is £0.1 million (2019: £0.1 million).

    Deferred tax assets in relation to losses amounting to £1.1 million (2019: £0.7 million) have not been recognised due to uncertainty over their recoverability. Included within unrecognised losses are £1.1 million of losses which expire prior to 2030. Other losses may be carried forward indefinitely.

  3. Movements During the Year

    Balance at
    30 June
    2018
    £m    		Recognised
    in income
    £m    		Restated*
    Acquired through business combinations
    £m    		Recognised
    in equity/OCI
    £m    		Restated*
    Foreign
    exchange
    adjustments
    £m    		Restated*
    Balance at
    30 June
    2019
    £m
    Intangible assets(98.4)25.6(0.3)–(2.8)(75.9)
    Property, plant and equipment(3.4)(0.3)––(0.1)(3.8)
    Inventories0.91.0––(0.1)1.8
    Receivables/payables2.8(1.6)––0.21.4
    Share-based payments2.4(0.2)–(1.2)–1.0
    Losses2.1(0.5)–––1.6
    R&D tax credits1.2(1.1)––(0.1)–
    Employee benefit obligations1.0(0.7)–––0.3
    (91.4)22.2(0.3)(1.2)(2.9)(73.6)
    Restated* Balance at
    30 June
    2019
    £m    		Recognised
    in income
    £m    		Acquired through
    business
    combinations
    £m    		Recognised
    in equity/OCI
    £m    		Foreign
    exchange
    adjustments
    £m    		Balance at
    30 June
    2020
    £m
    Intangible assets(75.9)14.9––(1.4)(62.4)
    Property, plant and equipment(3.8)(0.1)––(0.1)(4.0)
    Inventories1.8(0.3)––(0.1)1.4
    Receivables/payables1.4––1.8–3.2
    Share-based payments1.0––(0.3)–0.7
    Losses1.6(1.0)––(0.1)0.5
    R&D tax credits–0.3–––0.3
    Employee benefit obligations0.30.1–––0.4
    (73.6)13.9–1.5(1.7)(59.9)

    * Restated as detailed in note 31 Acquisitions.

    Deferred tax assets and liabilities are analysed in the statement of financial position after offset, to the extent there is a legally enforceable right, of balances within countries as follows:

    2020
    £m    		Restated*
    2019
    £m
    Deferred tax assets2.70.9
    Deferred tax liabilities(62.6)(74.5)
    (59.9)(73.6)

    * Restated as detailed in note 31 Acquisitions.