31 December
2015
£m
31 December
2014
£m
1 January
2014
£m
Deferred tax assets4.09.60.8

The different components of deferred tax assets and liabilities recognised by the Company and movements thereon during the current and prior reporting period are analysed below:

Losses
£m
Other
£m
Total
£m
At 1 January 20140.80.8
Credit to income14.80.114.9
Utilised(6.1)(6.1)
At 31 December 20148.70.99.6
Credit/(charge) to income0.7(0.8)(0.1)
Utilised(5.5)(5.5)
At 31 December 20153.90.14.0

Given the current profitability of the Company, the Directors consider that the recognition of the deferred tax assets above is appropriate.