| NOTES TO THE FINANCIAL STATEMENTS l NOTE 28 |
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| COMPANY |
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|
|
|
GROUP |
|
| 2013 |
|
|
|
(R’million) |
Restated
2013 |
* |
| |
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|
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|
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 |
|
| |
|
|
|
|
28.2 |
Analysis of deferred taxation liability |
|
|
|
|
| |
|
|
|
|
|
Fair value adjustments – investments |
8,7 |
|
14,3 |
|
| |
|
|
|
|
|
Property, plant and equipment |
496,3 |
|
547,5 |
|
| |
|
|
|
|
|
Liability in respect of intangible assets raised on acquisition of businesses |
168,4 |
|
211,9 |
|
| |
|
|
|
|
|
Prepayments |
5,0 |
|
6,6 |
|
| |
|
|
|
|
|
Retirement fund surpluses |
30,7 |
|
43,3 |
|
| 5,5 |
|
3,1 |
|
|
|
Revaluation of loans |
1,2 |
|
0,6 |
|
| |
|
|
|
|
|
Withholding taxes |
21,0 |
|
– |
|
| |
|
|
|
|
|
Other temporary differences |
44,4 |
|
39,4 |
|
| 5,5 |
|
3,1 |
|
|
|
|
775,7 |
|
863,6 |
|
| * The amounts have been restated due to the adoption of IAS 19R. |
| NOTES TO THE FINANCIAL STATEMENTS l NOTE 28 |
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|