23. Provisions for other liabilities and charges
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All figures in £ millions |
Deferred consideration |
Property | Disposals and closures |
Legal and other |
Total | |||||||||||||||
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At 1 January 2017 |
56 | 4 | 10 | 36 | 106 | |||||||||||||||
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Exchange differences |
(5 | ) | — | — | (2 | ) | (7 | ) | ||||||||||||
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Charged to income statement |
— | — | — | 4 | 4 | |||||||||||||||
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Released to income statement |
— | — | — | (7 | ) | (7 | ) | |||||||||||||
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Utilised |
(6 | ) | — | (2 | ) | (8 | ) | (16 | ) | |||||||||||
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Disposal through business disposal |
— | (1 | ) | 3 | (2 | ) | — | |||||||||||||
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At 31 December 2017 |
45 | 3 | 11 | 21 | 80 | |||||||||||||||
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Analysis of provisions:
| 2017 | ||||||||||||||||||||
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All figures in £ millions |
Deferred consideration |
Property | Disposals and closures |
Legal and other |
Total | |||||||||||||||
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Current |
5 | 1 | 11 | 8 | 25 | |||||||||||||||
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Non-current |
40 | 2 | — | 13 | 55 | |||||||||||||||
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| 45 | 3 | 11 | 21 | 80 | ||||||||||||||||
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| 2016 | ||||||||||||||||||||
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Current |
6 | 1 | 8 | 12 | 27 | |||||||||||||||
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Non-current |
50 | 3 | 2 | 24 | 79 | |||||||||||||||
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| 56 | 4 | 10 | 36 | 106 | ||||||||||||||||
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Deferred consideration primarily relates to the formation of a venture in a North America business in 2011. The provision will be utilised over a number of years as payments are based on a royalty rate. Disposals and closures include liabilities related to the disposal of Penguin with the provisions utilised as the disposals and closures are completed. Legal and other includes legal claims, contract disputes and potential contract losses with the provisions utilised as the cases are settled. Restructuring provisions were not material in either 2017 or 2016.