The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in
other comprehensive income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively
enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that they will be recovered
against the reversal of deferred tax liabilities. Unrelieved tax losses and other deferred tax assets are not recognised
as recoverable against other future taxable profits unless there is a high degree of probability of this occurring.