Recognised deferred tax assets and liabilities

Deferred tax assets and liabilities are attributable to the following:

AssetsLiabilitiesNet
2017
£000
2016
£000
2017
£000
2016
£000
2017
£000
2016
£000
Property, plant and equipment164175164175
Provisions/accruals(1)(39)(1)(39)
IFRS2 Share based payments(684)(797)(684)(797)
Tax (assets)/liabilities(685)(836)164175(521)(661)

A potential £2.10m (2016: £1.62m) 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
2016
£000
Recognised in income
£000
Recognised in equity
£000
31 March
2017
£000
Property, plant and equipment175(11)164
Provisions/accruals(39)38(1)
IFRS2 Share based payments(797)(24)137(684)
(661)3137(521)

Movement in deferred tax during the prior year

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