The accounting policies of Kingfisher plc, in its 2015 financial statements, include the following: LO5 Deferred tax

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The accounting policies of Kingfisher plc, in its 2015 financial statements, include the following: LO5 Deferred tax is the tax expected to be recoverable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit and is accounted for using the balance sheet liability method.

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