Notes to the Consolidated And Separate Annual Financial Statements | Note 11

11. DEFERRED TAX
 
Group  Company 
2024 
R’000 		 2023 
R’000 		 2024 
R’000 		 2023 
R’000 
Deferred tax assets  132 015  82 881  –  – 
Deferred tax liabilities  (259 628) (223 131) –  – 
NET GROUP DEFERRED TAX LIABILITIES  (127 613) (140 250) –  – 

Categorised gross deferred tax assets and liabilities, before consolidation of balances are as follows:

GROUP  Capital 
allowances 
R'000 		 Provisions 
R'000 		 Prepay- 
ments 
R'000 		 Assessed 
loss*
R'000 		 Business 
combina- 
tions 
R'000 		 Other**
R'000  		 Total 
R'000 
DEFERRED TAX ASSETS OPENING BALANCE AT 1 JULY 2023  –  60 084  –  23 403  –  71 158   154 645 
Charged to profit or loss  –  10 591  –  (14 874) –  (18 347)  (22 630)
CLOSING BALANCE AT 30 JUNE 2024  –  70 675  –  8 529  –  52 811   132 015 
DEFERRED TAX LIABILITIES OPENING BALANCE AT 1 JULY 2023  (129 297) –  (2 908) –  (108 929) (53 761)  (294 895)
Charged to profit or loss  9 950  –  (1 585) –  14 977  11 925   35 267 
CLOSING BALANCE AT 30 JUNE 2024  (119 347) –  (4 493) –  (93 952) (41 836)  (259 628)
NET DEFERRED              
TAX (LIABILITIES)/ASSETS  (119 347) 70 675  (4 493) 8 529  (93 952) 10 975   (127 613)
DEFERRED TAX ASSETS OPENING BALANCE AT 1 JULY 2022  –  63 688  –  14 313  –  31 924   109 925 
Charged to profit or loss  –  (3 196) –  9 090  –  41 281   47 175 
Disposal of subsidiary  –  (408) –  –  (2 047)  (2 455)
CLOSING BALANCE AT 30 JUNE 2023  –  60 084  –  23 403  –  71 158   154 645 
DEFERRED TAX LIABILITIES OPENING BALANCE AT 1 JULY 2022  (135 141) –  (3 033) –  (122 323) (14 723)  (275 220)
Charged to profit and loss  5 844  –  119  –  13 394  (40 740)  (21 383)
Disposal of subsidiary  –  –  6  –  –  1 702   1 708 
CLOSING BALANCE AT 30 JUNE 2023  (129 297) –  (2 908) –  (108 929) (53 761)  (294 895)
NET DEFERRED 
TAX (LIABILITIES)/ASSETS  (129 297) 60 084  (2 908) 23 403  (108 929) 17 397   (140 250)
* As a result of the increase in operations, the companies will generate sufficient income which will be utilised against the assessed loss going forward
** Other deferred tax assets and liabilities consists of deferred tax relating to the lease liability, right of use asset, capital losses and income received in advance.

In the prior year the Group had an assessed losses of R1.38 million that were not recognised as a deferred tax asset. In the current year the group had sufficient taxable income to utilise the assessed losses.