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 2016 | 0.5 | 0.3 | 0.8 |
| Credit to profit or loss | (0.6) | – | (0.6) |
| Credit to other comprehensive income | 0.7 | – | 0.7 |
| At 1 January 2017 | 0.6 | 0.3 | 0.9 |
| Charge to profit or loss | 0.1 | 0.1 | 0.2 |
| Credit to other comprehensive income | (1.1) | – | (1.1) |
| At 31 December 2017 | (0.4) | 0.4 | 0.0 |
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:
| 2017
£m | 2016
£m |
| Deferred tax assets | 0.9 | 0.9 |