NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 12 12. DEFERRED INCOME TAX     GROUP   Capital allowances R’000   Investment 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 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    (Charge)/credit to profit for the year –    12 815    (4 908)   –    (29 904)   –    –   (21 997)   Balance as at 30 June 2017 –    12 815    33 682    –    36 368     –    –   82 865    Deferred income tax liabilities                                 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)   (Charge)/credit to profit for the year (20 053)   (1 540)   (444)   196    –    3 604    –   (18 237)   Balance as at 30 June 2017 (69 072)   (1 540)   (444)   (1 955)   –    (27 616)   –   (100 627)     COMPANY   Capital allowances R’000   Investment R’000   Provisions R’000   Prepayments R’000   Assessed  loss* R’000    Business combinations R’000   STC credits R’000   Total  R’000    Balance as at 1 July 2015 –   –   1 400   –   9 429    –   –   10 829    Credit to profit for the year –   –   –   –   6 916    –   –   6 916    Balance as at 30 June 2016 –   –   1 400   –   16 345    –   –   17 745    (Charge)/credit to profit for the year –   12 815   1 260   –   (16 345)   –   –   (2 270)   Balance as at 30 June 2017 –   12 815   2 660   –   –    –   –   15 475    * As a result of the increase in operations in the Group companies, the companies within the Group will generate sufficient income which will be utilised against the assessed loss going forward. NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 12