14. Income Tax Relating to Components of other Comprehensive Income
| Group | Note | 2014 €’000 |
2013 €’000 |
|---|---|---|---|
| Movement in cash flow hedge reserve before tax | 35 | 71,941 | 256,012 |
| Movement in available for sale reserve before tax | 35 | 1,720 | (4,127) |
| Total movement | 73,661 | 251,885 | |
| Deferred tax expense | 27 | (17,950) | (65,134) |
| Total income tax relating to components of other comprehensive income | (17,950) | (65,134) |
The movement in the cash flow hedge reserve represents a temporary difference between the tax base of the derivatives where hedge accounting has been applied and their fair value. The movement in the available for sale reserve represents a temporary difference between the tax base of available for sale financial assets and their fair value. The Group has recognised a deferred tax asset on the temporary difference that arises on the cash flow hedge and available for sale reserve.