Notes to the consolidated financial statements

for the year ended 30 June 2008

		2008	2007
		R’000	R’000
13.	DEFERRED TAXATION
	At year-end
	Raised on the following:
	Accelerated capital allowances	898 915	622 165
	Provisions raised	(52 317)	(28 831)
	Valuation of inventories	(4 514)	(2 228)
	Revaluation of available-for-sale investments	56 992	29 317
	Other	625	174
		899 701	620 597
	Movements
	Balance at beginning of year	620 597	544 844

	– Deferred tax assets	6 808	4 621
	– Deferred tax liabilities	627 405	549 465
		279 104	75 753
	Reduction due to change in tax rate	(15 495)	–
	Accelerated capital allowances	292 245	83 125
	Provisions reversed	(23 486)	(13 082)
	Valuation of inventories	(2 286)	(1 894)
	Revaluation of available-for-sale investments	27 675	7 566
	Other	451	38

	Balance at end of year	899 701	620 597
	– Deferred tax assets	7 377	6 808
	– Deferred tax liabilities	907 078	627 405