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Select notes to view   |  Currently Viewing: Note 17 – Deferred taxation
Company       Group
2020 2019   (R’million) 2020 2019
      17 Deferred taxation    
      17.1 Reconciliation of deferred taxation    
(5,2) (5,2)     Balance at beginning of year (402,1) (353,6)
        Fair value adjustments – investments 5,4 (11,2)
        Effective adoption of IFRS 16 as at 1 October 2019 12,9 –
        Comprehensive income (16,4) (15,4)
        Exchange rate translation reserve – (3,0)
        Adjustment in respect of currency losses taken directly to other comprehensive income 5,0 0,8
        Income statement movement – continuing operations 56,9 (19,7)
        Income statement movement – discontinued operation 34,2 –
        Transfer to assets held for sale (refer note 34) (33,0) –
(5,2) (5,2)     Balance at end of year (337,1) (402,1)
      17.2 Analysis of deferred taxation    
        Property, plant and equipment (569,2) (623,6)
        Liability in respect of intangibles raised on acquisition of businesses (143,4) (145,2)
        Withholding taxes (88,2) (75,0)
        Retirement fund surpluses (44,5) (43,1)
        Fair value adjustments – investments (9,7) (17,4)
        Prepayments (3,9) (5,0)
        Provisions 528,7 511,1
        Income received in advance 1,5 0,8
        Revaluation of loans 13,7 15,3
(5,2) (5,2)     Other temporary differences (22,1) (20,0)
(5,2) (5,2)       (337,1) (402,1)
        Disclosed on the statement of financial position as follows:    
        Deferred tax asset 22,4 13,7
(5,2) (5,2)     Deferred tax liability (359,5) (415,8)