PA Group Annual Report 2007
19. Deferred tax asset/(liability)
Group Company
£000 £000
At 1 January 2007 636 (111)
Transfer (from)/to profit and loss account (note 8) (64) 11
At 31 December 2007 (notes 14 and 20) 572 (100)

Group Group Company Company
2007 2006 2007 2006
£000 £000 £000 £000
The deferred tax asset/(liability) comprises:
Fixed asset timing differences 80 193 (100) (111)
Trading losses 498 354 - -
Other timing differences (6) 89 - -
572 636 (100) (111)
FACTORS THAT MAY AFFECT FUTURE TAX CHARGES
The standard rate of corporation tax in the UK changed to 28% with effect from 1 April 2008.
Based on current capital expenditure plans, the group expects current timing differences to reverse, hence the deferred tax
asset is recognised in full under FRS 19.
Deferred tax is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which
timing differences are expected to reverse, based on tax rates and laws substantively enacted at the balance sheet dates.
There is a deferred tax asset in respect of the losses carried forward by PA SportsTicker Inc. and PA Sport South Africa
of £1,225,000 that has not been recognised, as it is not certain when the group will be in a position to utilise these losses.
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