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ANNUAL FINANCIAL STATEMENTS
Notes to the financial statements
continued
for the year ended 30 September 2014
202
Tiger Brands Limited Integrated Annual Report
2014
COMPANY
GROUP
2014
2013
(R’million)
2014
Restated*
2013
28 Deferred taxation liability
28.1
Movement of deferred taxation liability
3,1
0,9
Balance at the beginning of the year
863,6
621,3
Adjustment in respect of acquisition of
businesses
–
214,0
Fair value adjustments – investments
(5,6)
2,5
Retirement fund prior year adjustment taken to
retained income
–
3,2
IAS 19 adjustments to retirement fund surpluses
taken to other comprehensive income
(3,5)
–
Balance classified as held-for-sale
–
(8,3)
Adjustment in respect of increase in capital
gains tax rate taken directly to non-distributable
reserve
2,3
–
Exchange rate translation reserve
16,3
31,2
2,4
2,2
Income statement movement
(97,4)
(0,3)
2,4
2,2
Current year temporary differences
(97,4)
(0,3)
5,5
3,1
Balance at the end of the year
775,7
863,6
(15,5)
(9,4)
Less:
Deferred tax asset per note 19.1
(803,5)
(638,3)
(10,0)
(6,3)
Net deferred tax (asset)/liability
(27,8)
225,3
Disclosed on the statement of financial position
as follows:
(10,0)
(6,3)
Deferred tax asset
(306,9)
(138,2)
–
–
Deferred tax liability
279,1
363,5
(10,0)
(6,3)
Net deferred tax (asset)/liability
(27,8)
225,3
*
The amounts have been restated due to the adoption of IAS 19R.