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 20170.60.30.9
Credit to profit or loss0.10.10.2
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 assets0.30.9