next: 23 Deferred taxation
| At January 1, 2004 £m |
Exchange adjustments £m |
Unused amounts reversed £m |
Charged to profit and loss account £m |
Utilised £m |
At December 31, 2004 £m |
|
|---|---|---|---|---|---|---|
| Post-employment, pensions and other post-retirement benefits | 160 | (9) | — | 17 | (9) | 159 |
| Deferred taxation (note 23) | 214 | — | (17) | 14 | — | 211 |
| Warranty/guarantees | 187 | (1) | (3) | 48 | (60) | 171 |
| Contract loss | 68 | (1) | (1) | 16 | (34) | 48 |
| Customer financing | 92 | — | — | 51 | (27) | 116 |
| Insurance | 25 | — | — | 18 | (5) | 38 |
| Restructuring and rationalisation | 22 | — | (1) | 4 | (9) | 16 |
| Other | 27 | (1) | — | 10 | (8) | 28 |
| 795 | (12) | (22) | 178 | (152) | 787 | |
| Post-employment, pensions and other post-retirement provisions are long term in nature and the timing of their utilisation is uncertain. | ||||||
| Warranty provisions primarily relate to products sold and generally cover a period of up to three years. | ||||||
| Provisions for contract loss and restructuring are generally expected to be utilised within one year. | ||||||
| Customer financing provisions cover guarantees provided for asset values and/or financing as described in note 28. Timing of utilisation is uncertain. | ||||||
| Insurance provisions relate to the Group’s captive insurance business with timing of utilisation being uncertain. | ||||||
| Other provisions comprise a number of liabilities with varying expected utilisation rates. | ||||||