| COMPANY |
|
|
|
GROUP |
| |
|
(R’million) |
| |
|
|
18 |
DEFERRED TAXATION |
|
|
| |
|
|
18.1 |
Reconciliation of deferred taxation |
|
|
| (5,2) |
(5,2) |
|
|
Balance at beginning of year |
(337,1) |
(402,1) |
| |
|
|
|
Fair value adjustments – investments |
(3,5) |
5,4 |
| |
|
|
|
Effective adoption of IFRS 16 as at 1 October 2019 |
– |
12,9 |
| |
|
|
|
IAS 19 adjustments taken to other comprehensive income |
19,6 |
(16,4) |
| |
|
|
|
Adjustment in respect of currency losses taken directly to other comprehensive income |
2,1 |
5,0 |
| – |
– |
|
|
Income statement movement – continuing operations |
169,4 |
56,9 |
| |
|
|
|
Income statement movement – discontinued operation |
– |
34,2 |
| |
|
|
|
Transfer to assets held for sale (refer note 36) |
– |
(33,0) |
| (5,2) |
(5,2) |
|
|
Balance at the end of the year |
(149,5) |
(337,1) |
| |
|
|
18.2 |
Analysis of deferred taxation |
|
|
| |
|
|
|
Property, plant and equipment |
(543,3) |
(569,2) |
| |
|
|
|
Liability in respect of intangibles raised on acquisition of businesses |
(141,5) |
(143,4) |
| |
|
|
|
Withholding taxes |
(31,0) |
(88,2) |
| |
|
|
|
Retirement fund surpluses |
(34,9) |
(44,5) |
| |
|
|
|
Fair value adjustments – investments |
(13,6) |
(9,7) |
| |
|
|
|
Prepayments |
(3,3) |
(3,9) |
| |
|
|
|
Provisions |
623,0 |
528,7 |
| |
|
|
|
Income received in advance |
2,4 |
1,5 |
| |
|
|
|
Revaluation of loans |
15,8 |
13,7 |
| (5,2) |
(5,2) |
|
|
Other temporary differences |
(23,1) |
(22,1) |
| (5,2) |
(5,2) |
|
|
|
(149,5) |
(337,1) |
| |
|
|
|
Disclosed on the statement of financial position as follows: |
|
|
| |
|
|
|
Deferred tax asset |
33,6 |
22,4 |
| (5,2) |
(5,2) |
|
|
Deferred tax liability |
(183,1) |
(359,5) |
