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Notes to the consolidated financial statements for the year ended 30 June 2009

Notes 1. ACCOUNTING POLICIES 2. PROPERTY, PLANT AND EQUIPMENT 3. INVESTMENT PROPERTIES 4. INTANGIBLE ASSETS 5. INVESTMENTS 6. INVENTORIES 7. TRADE AND OTHER RECEIVABLES 8. SHARE CAPITAL 9. SHARE PREMIUM 10. TREASURY SHARES  11. OTHER RESERVES  12. LONG-TERM BORROWINGS 13. DEFERRED TAXATION 14. LONG-TERM PROVISIONS 15. TRADE AND OTHER PAYABLES  16. SHORT-TERM PROVISIONS  17. SHORT-TERM BORROWINGS AND OVERDRAFTS 18. REVENUE  19. FINANCE COSTS  20. PROFIT BEFORE TAXATION AND STATE’S SHARE OF PROFITS 21. TAXATION AND STATE’S SHARE OF PROFITS 22. EARNINGS AND HEADLINE EARNINGS PER SHARE 23. DIVIDENDS  24. NOTES TO THE CASH FLOW STATEMENT  25. FINANCIAL RISK MANAGEMENT 26. CAPITAL MANAGEMENT 27. COMMITMENTS/option> 28. CONTINGENT LIABILITIES 29. INVESTMENT IN JOINT-VENTURE ENTITY 30. SEGMENTAL INFORMATION 31. RELATED PARTY TRANSACTIONS 32. RETIREMENT BENEFIT INFORMATION 33. COMPARATIVE INFORMATION

2009     2008           R’000     R’000   13. DEFERRED TAXATION           At year-end           Raised on the following:            Accelerated capital allowances      1 412 877     898 915      Provisions raised      (73 883)    (52 317)     Valuation of inventories      (16 091)    (4 514)     Revaluation of available-for-sale investments      16 500     56 992      Other      2 433     625           1 341 836     899 701      Movements                 Balance at beginning of year      899 701     620 597      – deferred tax assets      61 977     6 808      – deferred tax liabilities      961 678     627 405           442 135     279 104      Reduction due to change in tax rate      –     (15 495)     Accelerated capital allowances      513 962     292 245      Provisions reversed      (21 566)    (23 486)     Valuation of inventories      (11 577)    (2 286)     Revaluation of available-for-sale investments      (40 492)    27 675      Other      1 808     451                      Balance at end of year      1 341 836     899 701      – deferred tax assets      74 309     61 977      – deferred tax liabilities      1 416 145     961 678