NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 13

13. DEFERRED INCOME TAX

Group Capital 
allowances 
R'000 		 Provisions
R'000		 Prepayments 
R'000 		 Assessed  
loss*
R'000 		 Business 
combinations 
R'000 
STC
credits
R'000		 Total 
R'000 		  
Deferred income tax assets                
Balance as at 30 June 2014 –  29 984 –  55 795  –  – 85 779    
(Charge)/credit to profit for the year  –  6 087 –  3 771  –  – 9 858    
Balance as at 30 June 2015  –  36 071 –  59 566  –  – 95 637    
(Charge)/credit to profit for the year  –  2 519 –  6 706  –  – 9 225    
Balance as at 30 June 2016  –  38 590 –  66 272  –  – 104 862    
Deferred income tax liabilities                         
Balance as at 30 June 2014  (25 749) – (1 716) –  (15 724) – (43 189)   
(Charge)/credit to profit for the year  (8 660) – (763) –  (2 210) – (11 633)   
Balance as at 30 June 2015  (34 409) – (2 479) –  (17 934) – (54 822)   
(Charge)/credit to profit for the year  (14 610) – 328  –  (13 286) – (27 568)   
Balance as at 30 June 2016  (49 019) – (2 151) –  (31 220) – (82 390)   
Company                         
Balance as at 1 July 2014  –  1 400 –  9 850  –  – 11 250    
Credit to profit for the year  –  – –  (421) –  – (421)   
Balance as at 30 June 2015  –  1 400 –  9 429  –  – 10 829    
(Charge)/credit to profit for the year  –  – –  6 916  –  – 6 916    
Balance as at 30 June 2016  –  1 400 –  16 345  –  – 17 745   
* As a result of the increase in investments in financial instruments following the Sanlam transaction, the Group has sufficient interest income which will be utilised against the assessed loss going forward.
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 13