Company Notes


 
Notes to the Company Annual Financial Statements
for the year ended 30 June 2011
 
 
    2011  
R’million  
  2010  
R’million  
5.   DEFERRED TAX        
  Deferred tax is calculated in full on temporary differences under the liability method using a principal tax rate of 28%.        
  Deferred tax balance        
  Deferred tax assets – opening balance   (29,4)    (12,9) 
  Prior year adjustment – statement of comprehensive income charge   (0,6)    –  
  Statement of comprehensive income charge   (10,2)    (3,4) 
  Charged to equity   (7,1)    (13,1) 
  Balance at the end of the year   (47,3)    (29,4) 
  The statement of comprehensive income charge comprises        
  Property, plant and equipment   0,1     –  
  Intangible assets   (0,1)    (3,1) 
  Leave pay   –     (0,3) 
  Royalties received in advance   –     (0,6) 
  Preference shares issued   1,4     1,6  
  Tax claims in respect of share schemes   (0,7)    (1,2) 
  Tax losses   (8,5)    –  
  Other   (3,0)    0,2  
    (10,8)    (3,4) 
  Deferred tax asset comprises        
  Property, plant and equipment   0,3     0,2  
  Intangible assets   33,7     33,8  
  Leave pay   (0,9)    (0,9) 
  Royalties received in advance   (22,3)    (22,3) 
  Preference shares issued   (1,3)    (2,7) 
  Tax claims in respect of share schemes   (41,6)    (37,4) 
  Tax losses   (12,1)    –  
  Other   (3,1)    (0,1) 
  Balance at the end of the year   (47,3)    (29,4)