| |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED |
| for the year ended 30 June 2007 |
| |
All monetary amounts are expressed
in millions of Rands |
|
2007 |
Restated
2006 |
| 19. |
DEFERRED TAXATION |
|
|
|
| 19.1 |
Deferred taxation assets |
|
|
|
|
The movement on the deferred taxation asset account is as follows: |
|
|
|
|
At beginning of the year |
|
51,5 |
34,1 |
|
Acquisition of businesses |
|
1,1 |
22,5 |
|
Disposal of business |
|
(16,8) |
– |
|
Transfer to deferred taxation liability |
|
– |
(3,8) |
|
Charge to the income statement |
|
(20,0) |
(1,3) |
| |
At end of the year |
|
15,8 |
51,5 |
|
Comprising: |
|
|
|
|
Inventory |
|
– |
2,1 |
|
Uncertified work and other construction temporary differences |
|
1,8 |
1,4 |
|
Plant |
|
(36,5) |
(36,0) |
|
Tax losses |
|
4,0 |
43,2 |
|
Receivables |
|
(5,5) |
(8,8) |
|
Prepayments |
|
0,2 |
(0,7) |
|
Provisions and accruals |
|
46,7 |
48,4 |
|
Advance payments received net of tax allowances |
|
12,7 |
4,4 |
|
Fair value adjustments |
|
(7,9) |
(3,5) |
|
Other |
|
0,3 |
1,0 |
| |
|
|
15,8 |
51,5 |
| 19.2 |
Deferred taxation liabilities |
|
|
|
|
The movement on the deferred taxation liability account is as follows: |
|
|
|
|
At beginning of the year |
|
297,3 |
251,5 |
|
Acquisition of businesses |
|
0,2 |
11,9 |
|
Disposal of business |
|
(12,3) |
– |
|
Transfer from deferred taxation asset |
|
– |
(3,8) |
|
(Credit)/charge to the income statement |
|
(5,6) |
37,2 |
|
Credit directly to equity |
|
(2,2) |
0,7 |
|
Exchange rate adjustment |
|
(0,3) |
(0,2) |
| |
At end of year |
|
277,1 |
297,3 |
|
Comprising: |
|
|
|
|
Inventory |
|
(3,1) |
3,8 |
|
Uncertified work and other construction temporary differences |
|
50,8 |
50,5 |
|
Plant |
|
203,5 |
131,9 |
|
Financial leases |
|
(24,5) |
48,0 |
|
Tax losses |
|
(11,2) |
(22,0) |
|
Receivables |
|
3,8 |
5,1 |
|
Prepayments |
|
26,3 |
22,4 |
|
Provisions and accruals |
|
(60,6) |
(13,5) |
|
Advance payments received net of tax allowances |
|
(20,9) |
(17,4) |
|
Fair value adjustments |
|
81,1 |
66,1 |
|
Other |
|
31,9 |
22,4 |
| |
|
|
277,1 |
297,3 |
|
| |
| |
|
|
