| |
|
|
|
|
|
| |
|
|
2009 |
|
2008 |
| |
|
|
R’000 |
|
R’000 |
10. |
TAXATION |
|
|
|
|
| |
South African normal tax |
|
20 445 |
|
|
| |
– current year |
|
365 |
| |
– overprovision relating to prior years |
|
(1) |
|
– |
| |
Capital gains tax |
|
2 672 |
|
3 129 |
| |
|
|
23 116 |
|
3 494 |
| |
The company has unused credits in respect of secondary tax on companies of R689,6 million |
|
|
|
|
| |
|
|
|
|
| |
(2008: R271,7 million). A deferred tax asset has not been raised on these amounts as there |
|
|
|
|
| |
is no certainty that the credits will be utilised in the foreseeable future. |
|
|
|
|
| |
Reconciliation of tax rate (%) |
|
28,00 |
|
|
| |
Statutory tax rate |
|
28,00 |
| |
Adjusted for: |
|
(45,23) |
|
|
| |
Dividend income |
|
(29,32) |
| |
Exempt income |
|
(0,40) |
|
(2,64) |
| |
Capital gains tax on disposal of available-for-sale investments |
|
0,20 |
|
1,32 |
| |
Disallowable expenditure |
|
19,52 |
|
4,11 |
| |
Other |
|
(0,37) |
|
– |
| |
Effective tax rate |
|
1,72 |
|
1,47 |
|
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