| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 32 |
|
| 32. |
Income tax expense
| |
GROUP
June 2014
R’000 |
|
GROUP
June 2013
R'000 |
|
COMPANY
June 2014
R’000 |
|
COMPANY
June 2013
R'000 |
|
| Current taxation |
|
|
|
|
|
|
|
|
| Current year charge |
86 734 |
|
83 598 |
|
– |
|
– |
|
| Prior year adjustment |
217 |
|
50 |
|
– |
|
– |
|
| Deferred taxation |
|
|
|
|
|
|
|
|
| Current year charge/(credit) |
(3 087) |
|
1 200 |
|
(2 450) |
|
(312) |
|
| Prior year adjustment |
(8 172) |
|
– |
|
– |
|
– |
|
| |
75 692 |
|
84 848 |
|
(2 450) |
|
(312) |
|
| |
GROUP
June 2014
% |
|
GROUP
June 2013
% |
|
COMPANY
June 2014
% |
|
COMPANY
June 2013
% |
|
| Reconciliation of the tax rate |
|
|
|
|
|
|
|
|
| South African normal tax rate |
28.0 |
|
28.0 |
|
28.0 |
|
28.0 |
|
| Adjusted for: |
|
|
|
|
|
|
|
|
| Disallowable expenses |
3.46 |
|
13.38 |
|
1.5 |
|
23.30 |
|
| Exempt income |
(1.71) |
|
(8.45) |
|
(33.66) |
|
(7.21) |
|
| Prior year adjustment: |
|
|
|
|
|
|
|
|
| – current tax |
(0.37) |
|
0.51 |
|
– |
|
– |
|
| – deferred tax |
(5.77) |
|
– |
|
– |
|
– |
|
| Secondary Tax on Companies |
– |
|
(0.24) |
|
– |
|
(2.26) |
|
| Withholding tax |
1.6 |
|
– |
|
– |
|
– |
|
| Utilisation of assessed losses |
5.51 |
|
(1.65) |
|
1.23 |
|
(40.72) |
|
| Effective rate of tax (%) |
30.72 |
|
31.55 |
|
(2.93) |
|
1.11 |
|
|
| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 32 |
|
|