The following are the major deferred tax assets recognised by the Company and movements thereon during the current and prior reporting period.
| Retirement
benefit
obligations
£m | Other timing
differences
£m | Total
£m |
| At 1 January 2017 | 0.6 | 0.3 | 0.9 |
| Credit to profit or loss | 0.1 | 0.1 | 0.2 |
| Credit to other comprehensive income | (1.1) | – | (1.1) |
| At 1 January 2018 | (0.4) | 0.4 | – |
| Credit to other comprehensive income | (0.1) | – | (0.1) |
| At 31 December 2018 | (0.5) | 0.4 | (0.1) |
Deferred tax assets and liabilities are offset where the Company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:
| 2018
£m | 2017
£m |
| Deferred tax assets | 0.3 | 0.9 |