Notes to the Accounts
22. Deferred taxation
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| all figures in £ millions | 2001 |
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| Summary of movements | |
| At 31 December 2000 | 9 |
| Subsidiary undertakings acquired/disposed | 1 |
| Transfers | (2) |
| Net release in the year | (3) |
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| At 31 December 2001 | 5 |
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| all figures in £ millions | 2001 | 2000 |
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| Deferred taxation derives from | ||
| Capital allowances | – | 4 |
| Taxation on unremitted overseas earnings | 15 | 19 |
| Other timing differences | (10) | (14) |
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| 5 | 9 | |
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| Deferred taxation not provided | ||
| Relating to revalued assets and timing differences | – | 4 |
| Relating to gains subject to roll-over relief | 1 | 1 |
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| 1 | 5 | |
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note 
The Group has calculated deferred tax not
provided on rolled over gains in 2001 taking into account the indexation
allowance which would be deductible on a disposal of the asset into which
the gain was rolled.
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