20
22
22
Annual financial statements
Deferred taxation
Download pdf| COMPANY | GROUP | |||||||
| 2022 | 2021 | (R'million) | 2022 | 2021 | ||||
| 18 | Deferred taxation | |||||||
| 18.1 | Reconciliation of deferred taxation | |||||||
| (5,2) | (5,2) | Balance at the beginning of the year | (149,5) | (337,1) | ||||
| Adjustment in respect of currency losses taken directly to other comprehensive income | 4,5 | 2,1 | ||||||
| Fair value adjustments – investments | 6,7 | (3,5) | ||||||
| IAS 19 adjustments taken to other comprehensive income | (16,8) | 19,6 | ||||||
| 0,2 | – | Income statement movement | (51,3) | 169,4 | ||||
| (5,0) | (5,2) | Balance at the end of the year | (206,4) | (149,5) | ||||
| 18.2 | Analysis of deferred taxation | |||||||
| Property, plant and equipment | (527,4) | (543,3) | ||||||
| Liability in respect of intangibles raised on acquisition of businesses | (127,9) | (141,5) | ||||||
| Withholding taxes | – | (31,0) | ||||||
| Retirement fund surpluses | (12,7) | (34,9) | ||||||
| Fair value adjustments – investments | (7,4) | (13,6) | ||||||
| Prepayments | (4,1) | (3,3) | ||||||
| Provisions | 516,1 | 623,0 | ||||||
| Income received in advance | 3,3 | 2,4 | ||||||
| Revaluation of loans | 11,2 | 15,8 | ||||||
| (5,0) | (5,2) | Other temporary differences* | (57,5) | (23,1) | ||||
| (5,0) | (5,2) | (206,4) | (149,5) | |||||
| Disclosed on the statement of financial position as follows: | ||||||||
| – | – | Deferred tax asset | 34,3 | 33,6 | ||||
| (5,0) | (5,2) | Deferred tax liability | (240,7) | (183,1) | ||||
| * Other temporary differences mainly comprises of tax provisions in respect of section 12I special investment allowances on qualifying capital projects. | ||||||||