Recognised deferred tax assets and liabilities

Deferred tax assets and liabilities are attributable to the following:

AssetsLiabilitiesNet
2016
£000
2015
£000
2016
£000
2015
£000
2016
£000
2015
£000
Property, plant and equipment175217175217
Provisions(39)(2)(39)(2)
IFRS2(797)(489)(797)(489)
Tax (assets)/liabilities(836)(491)175217(661)(274)

A potential £1.62m (2015: £1.79m) deferred tax asset relating to the Company's trapped management losses was not recognised on the grounds that recovery of these losses is uncertain.

Movement in deferred tax during the year

1 April
2015
£000
Recognised in
income
£000
Recognised in equity
£000
31 March
2016
£000
Property, plant and equipment217(42)175
Provisions(2)(37)(39)
IFRS2(489)(204)(104)(797)
(274)(283)(104)(661)

Movement in deferred tax during the prior year

1 April
2014
£000
Recognised in
income
£000
Recognised in equity
£000
31 March
2015
£000
Property, plant and equipment2161217
Provisions(1)(1)(2)
IFRS2(841)(52)404(489)
(626)(52)404(274)