| |
|
|
|
|
|
|
|
|
|
| |
2019
R'000 |
|
2019
R'000 |
|
| |
|
|
|
|
|
|
|
| Current year |
171 176 |
|
115 811 |
|
– |
|
10 |
|
| Prior year |
(2 515) |
|
4 361 |
|
– |
|
1 658 |
|
| Securities transfer tax |
24 |
|
1 824 |
|
– |
|
– |
|
| |
|
|
|
|
|
|
|
| Current year |
(5 378) |
|
22 136 |
|
688 |
|
(355) |
|
| Prior year |
(8 433) |
|
(709) |
|
– |
|
(841) |
|
| Income tax on remeasurement of post- employment benefit obligations |
(4) |
|
52 |
|
– |
|
– |
|
| |
154 870 |
|
143 475 |
|
688 |
|
472 |
|
| |
|
|
|
|
|
|
|
| South African normal tax rate |
28.00% |
|
28.00% |
|
28.00% |
|
28.00% |
|
| |
|
|
|
|
|
|
|
| Disallowable expenses |
3.53% |
|
6.71% |
|
9.75% |
|
(27.17%) |
|
| |
Donations not subject to Section 18A |
0.04% |
|
0.01% |
|
– |
|
– |
|
| |
Share transaction costs |
– |
|
0.05% |
|
– |
|
(4.32%) |
|
| |
Dividends |
– |
|
0.13% |
|
– |
|
– |
|
| |
Dual nature expenses |
0.54% |
|
0.27% |
|
9.75% |
|
(1.56%) |
|
| |
Non-allowable legal fees |
0.32% |
|
0.03% |
|
– |
|
– |
|
| |
Non-allowable consulting fees |
0.14% |
|
0.26% |
|
0.03% |
|
(2.76%) |
|
| |
Foreign exchange gain/loss |
0.07% |
|
– |
|
– |
|
– |
|
| |
Loss on sale of assets |
(0.01%) |
|
2.26% |
|
– |
|
– |
|
| |
Impairment of loans |
1.24% |
|
0.05% |
|
– |
|
– |
|
| |
Impairment of investments |
0.61% |
|
0.48% |
|
– |
|
– |
|
| |
Impairment of intangible assets |
– |
|
2.69% |
|
– |
|
– |
|
| |
Second tranche Glen Eden expense |
– |
|
0.02% |
|
– |
|
– |
|
| |
Actuarial gains |
– |
|
0.01% |
|
– |
|
– |
|
| |
VAT expenses |
– |
|
0.20% |
|
– |
|
(18.53%) |
|
| |
Penalties and interest |
(0.01%) |
|
0.25% |
|
(0.03%) |
|
– |
|
| |
Non-trading expenses |
0.59% |
|
– |
|
– |
|
– |
|
| Non-taxable income |
(0.37%) |
|
(7.51%) |
|
(0.12%) |
|
8.20% |
|
| |
Share of profits from associates |
(0.36%) |
|
(0.98%) |
|
– |
|
– |
|
| |
Fair value gain on investments |
0.11% |
|
(6.48%) |
|
(0.12%) |
|
3.96% |
|
| |
Unit trusts income taxed in prior year |
– |
|
(0.05%) |
|
– |
|
4.24% |
|
| |
Employment Tax Incentive |
(0.12%) |
|
– |
|
– |
|
– |
|
| Exempt income |
(1.49%) |
|
(0.67%) |
|
(36.07%) |
|
1.34% |
|
| |
Foreign income exempt in terms of Double Taxation Agreement |
(1.49%) |
|
(0.67%) |
|
– |
|
– |
|
| |
Dividends received |
– |
|
– |
|
(36.07%) |
|
1.34% |
|
| Other taxable income |
– |
|
0.66% |
|
– |
|
(28.97%) |
|
| |
Securities transfer tax |
– |
|
0.34% |
|
– |
|
– |
|
| |
Utilised capital loss |
– |
|
0.32% |
|
– |
|
(28.97%) |
|
| Other deductible expenses |
(0.69%) |
|
(0.54%) |
|
0.00% |
|
0.00% |
|
| |
Learnership allowance |
(0.69%) |
|
(0.54%) |
|
0.00% |
|
0.00% |
|
| Realised fair value gains and losses |
– |
|
(0.27%) |
|
– |
|
24.71% |
|
| Rate differences |
(0.85%) |
|
(0.25%) |
|
– |
|
– |
|
| Prior year adjustment |
|
|
|
|
|
|
|
|
| – current tax |
(0.68%) |
|
(0.02%) |
|
– |
|
(14.24%) |
|
| – deferred tax |
(1.28%) |
|
– |
|
– |
|
– |
|
| Withholding tax |
(0.62%) |
|
0.31% |
|
– |
|
– |
|
| Unrecognised assessed loss |
(0.30%) |
|
– |
|
(0.18%) |
|
– |
|
| Utilisation of assessed losses |
– |
|
0.70% |
|
– |
|
– |
|
| 25.25% |
|
27.12% |
|
1.38% |
|
(8.13%) |
|