| |
| |
| |
30 June 2017
R’000 |
|
30 June 2017
R’000 |
|
| Current taxation |
|
|
|
|
|
|
|
|
| Current year |
105 189 |
|
104 668 |
|
4 924 |
|
2 687 |
|
| Prior year |
(2 565) |
|
2 734 |
|
– |
|
– |
|
| Deferred taxation |
|
|
|
|
|
|
|
|
| Current year |
49 484 |
|
42 728 |
|
1 852 |
|
4 574 |
|
| Prior year |
1 400 |
|
(3 594) |
|
1 400 |
|
(2 304) |
|
| |
153 508 |
|
146 536 |
|
8 176 |
|
4 957 |
|
| |
| |
30 June 2017
R’000 |
|
30 June 2017
R’000 |
|
| Reconciliation of the tax rate |
|
|
|
|
|
|
|
|
| South African normal tax rate |
28.0 |
|
28.0 |
|
28.0 |
|
28.0 |
|
| Adjusted for: |
|
|
|
|
|
|
|
|
| Disallowable expenses |
1.84 |
|
14.63 |
|
6.43 |
|
(96.51)* |
|
| Exempt income |
(1.97) |
|
(3.58) |
|
(32.52) |
|
40.53 |
|
| Other taxable income |
0.36 |
|
– |
|
1.71 |
|
– |
|
| Other deductible expenses |
(0.29) |
|
– |
|
– |
|
– |
|
| Prior year adjustment |
|
|
|
|
|
|
|
|
| – current tax |
(0.48) |
|
0.53 |
|
– |
|
– |
|
| – deferred tax |
0.26 |
|
(0.79) |
|
1.25 |
|
8.88 |
|
| Withholding tax |
0.79 |
|
1.03 |
|
– |
|
– |
|
| Utilisation of assessed losses |
0.01 |
|
0.17 |
|
– |
|
– |
|
| Effective rate of tax (%) |
28.52 |
|
39.99 |
|
4.87 |
|
(19.10) |
|
* The non-deductible expenditure reflected on the tax rate reconciliation relates to expenses relating to the remeasurement of contingent
consideration and indemnity expense |