| 17 Deferred taxation |
|
Group |
|
|
Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2017
Rm |
|
|
2016
Rm |
|
|
2017
Rm |
|
|
2016
Rm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
303 |
|
|
283 |
|
|
250 |
|
|
250 |
|
| Opening balance |
|
283 |
|
|
254 |
|
|
250 |
|
|
250 |
|
| Profit and loss movements |
|
50 |
|
|
15 |
|
|
– |
|
|
– |
|
| Capital allowances |
|
(241) |
|
|
(77) |
|
|
(261) |
|
|
(88) |
|
| Provisions and other allowances |
|
307 |
|
|
92 |
|
|
261 |
|
|
88 |
|
| Tax losses |
|
(35) |
|
|
– |
|
|
– |
|
|
– |
|
| Acquisition of BCX |
|
19 |
|
|
|
|
|
|
|
|
|
|
| Reclassification of Trudon as held for sale |
|
– |
|
|
– |
|
|
– |
|
|
– |
|
| Business combination |
|
– |
|
|
14 |
|
|
– |
|
|
– |
|
| Movement in other comprehensive income |
|
(30) |
|
|
– |
|
|
– |
|
|
– |
|
| The balance comprises: |
|
303 |
|
|
283 |
|
|
250 |
|
|
250 |
|
| Capital allowances |
|
(342) |
|
|
(78) |
|
|
(317) |
|
|
(56) |
|
| Provisions and other allowances |
|
724 |
|
|
424 |
|
|
567 |
|
|
306 |
|
| Business combination |
|
(83) |
|
|
(102) |
|
|
– |
|
|
– |
|
| Tax losses |
|
4 |
|
|
39 |
|
|
– |
|
|
– |
|
| Other comprehensive income tax impact |
|
– |
|
|
|
|
|
|
|
|
|
|
| Deferred taxation balance is made up as follows: |
|
303 |
|
|
283 |
|
|
250 |
|
|
250 |
|
| Deferred taxation assets |
|
442 |
|
|
434 |
|
|
250 |
|
|
250 |
|
| Deferred taxation liabilities |
|
(139) |
|
|
(151) |
|
|
– |
|
|
– |
|
The group did not recognise deferred tax of R400 million (2016: R1.1 billion) in respect of temporary differences amounting to R1.4 billion
(2016: R4 billion) that can be carried forward against future taxable income.