| |
|
|
Continuing operations |
|
Discontinued operations |
|
Total |
| |
|
|
2009
R’million |
|
2008
R’million |
|
2009
R’million |
|
2008
R’million |
|
2009
R’million |
|
2008
R’million |
| 30. |
TAX |
|
|
|
|
|
|
|
|
|
|
|
|
| |
South African tax |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Current tax |
|
|
|
|
|
|
|
|
|
|
|
|
| |
– current year |
|
208,3 |
|
257,4 |
|
— |
|
— |
|
208,3 |
|
257,4 |
| |
– prior year |
|
(5,2) |
|
(0,9) |
|
— |
|
— |
|
(5,2) |
|
(0,9) |
| |
Deferred tax |
|
|
|
|
|
|
|
|
|
|
|
|
| |
– current year |
|
70,8 |
|
24,6 |
|
— |
|
— |
|
70,8 |
|
24,6 |
| |
– prior year |
|
4,7 |
|
— |
|
— |
|
— |
|
4,7 |
|
— |
| |
– tax rate adjustment |
|
— |
|
(2,3) |
|
— |
|
— |
|
— |
|
(2,3) |
| |
Secondary tax on companies and other dividend taxes |
|
3,7 |
|
1,1 |
|
— |
|
— |
|
3,7 |
|
1,1 |
| |
Capital gains tax |
|
— |
|
1,8 |
|
— |
|
— |
|
— |
|
1,8 |
| |
Total South African tax |
|
282,3 |
|
281,7 |
|
— |
|
— |
|
282,3 |
|
281,7 |
| |
International tax |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Current tax |
|
|
|
|
|
|
|
|
|
|
|
|
| |
– current year |
|
79,0 |
|
60,3 |
|
11,0 |
|
3,0 |
|
90,0 |
|
63,3 |
| |
– prior year |
|
2,2 |
|
— |
|
— |
|
— |
|
2,2 |
|
— |
| |
Deferred tax |
|
|
|
|
|
|
|
|
|
|
|
|
| |
– current year |
|
(1,5) |
|
(8,9) |
|
5,8 |
|
7,1 |
|
4,3 |
|
(1,8) |
| |
Capital gains tax |
|
— |
|
— |
|
4,2 |
|
— |
|
4,2 |
|
— |
| |
Total international tax |
|
79,7 |
|
51,4 |
|
21,0 |
|
10,1 |
|
100,7 |
|
61,5 |
| |
Total tax charge |
|
362,0 |
|
333,1 |
|
21,0 |
|
10,1 |
|
383,0 |
|
343,2 |
| |
|
|
% |
|
% |
|
% |
|
% |
|
% |
|
% |
| |
Reconciliation of the tax rate |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Effective tax rate |
|
21,2 |
|
28,3 |
|
65,8 |
|
33,2 |
|
22,1 |
|
28,4 |
| |
Capital and exempt income |
|
— |
|
2,6 |
|
2,3 |
|
— |
|
— |
|
2,4 |
| |
Prior year adjustments |
|
— |
|
0,1 |
|
— |
|
— |
|
— |
|
0,1 |
| |
Foreign rates of tax |
|
4,5 |
|
(0,1) |
|
(9,3) |
|
(6,0) |
|
4,2 |
|
(0,3) |
| |
Disallowable expenses |
|
(0,7) |
|
(3,0) |
|
(17,6) |
|
0,8 |
|
(1,1) |
|
(2,6) |
| |
Non-deductible portion of share-based payment expense – employees |
|
(0,4) |
|
(0,7) |
|
— |
|
— |
|
(0,4) |
|
(0,6) |
| |
Non-deductible amortisation of
intangible assets |
|
(0,1) |
|
(0,8) |
|
— |
|
— |
|
(0,1) |
|
(0,7) |
| |
Loss on sale of joint venture |
|
— |
|
— |
|
(17,4) |
|
— |
|
— |
|
— |
| |
Other disallowable expenses |
|
(0,2) |
|
(1,5) |
|
(0,2) |
|
0,8 |
|
(0,6) |
|
(1,3) |
| |
Secondary tax on companies and other dividend taxes |
|
(0,2) |
|
(0,1) |
|
— |
|
— |
|
(0,2) |
|
(0,1) |
| |
Capital gains tax |
|
— |
|
(0,2) |
|
(13,2) |
|
— |
|
(0,2) |
|
(0,1) |
| |
Tax rate adjustment |
|
— |
|
0,2 |
|
— |
|
— |
|
— |
|
0,2 |
| |
Deemed foreign tax credit |
|
4,1 |
|
0,1 |
|
— |
|
— |
|
4,1 |
|
0,1 |
| |
Tax losses in current year |
|
(0,9) |
|
(0,3) |
|
— |
|
— |
|
(0,9) |
|
(0,3) |
| |
Other reconciling items |
|
— |
|
0,4 |
|
— |
|
— |
|
— |
|
0,2 |
| |
Tax at the statutory rate |
|
28,0 |
|
28,0 |
|
28,0 |
|
28,0 |
|
28,0 |
|
28,0 |
| |
Unutilised tax benefits |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Opening balance |
|
48,8 |
|
— |
|
— |
|
— |
|
48,8 |
|
— |
| |
Assessed losses in companies acquired |
|
43,7 |
|
40,9 |
|
— |
|
— |
|
43,7 |
|
40,9 |
| |
Current losses incurred |
|
(1,6) |
|
7,9 |
|
— |
|
— |
|
(1,6) |
|
7,9 |
| |
Tax losses available to reduce future taxable income |
|
90,9 |
|
48,8 |
|
— |
|
— |
|
90,9 |
|
48,8 |
|
|
