| |
| |
Group |
Company |
| |
2022
R '000 |
2022
R '000 |
| Major components of the tax expense |
|
|
|
|
Current tax
Current year expense |
460,092 |
508,957 |
178 |
– |
| Prior year over provision |
(6,544) |
(5,468) |
– |
– |
| |
453,548 |
503,489 |
178 |
– |
Deferred tax
Current year expense (credit) |
145,788 |
40,808 |
6,210 |
(3,046) |
| Prior year under (over) provision |
956 |
(282) |
– |
– |
| Tax rate change |
– |
(4,548) |
– |
230 |
| |
146,744 |
35,978 |
6,210 |
(2,816) |
| |
600,292 |
539,467 |
6,388 |
(2,816) |
| Reconciliation of the tax expense |
|
|
|
|
| Reconciliation between applicable tax rate and average effective tax rate. |
|
|
|
|
| Applicable tax rate |
27.00% |
28.00% |
27.00% |
28.00% |
| Income not related to taxpayer |
–% |
(0.01)% |
–% |
–% |
| Permanent differences* |
0.33% |
0.28% |
0.65% |
0.71% |
| Derecognition of deferred tax asset |
0.26% |
–% |
0.77% |
–% |
| Prior year over provision |
(0.24)% |
(0.29)% |
–% |
–% |
| Dividend income |
(0.12)% |
–% |
(27.63)% |
(28.91)% |
| Tax loss utilised |
–% |
–% |
–% |
(0.17)% |
| Tax rate change |
–% |
(0.24)% |
–% |
0.03% |
| Non-taxable income** |
(1.73)% |
(0.07)% |
–% |
–% |
| |
25.50% |
27.67% |
0.79% |
(0.34)% |
| * |
Includes cash-settled share-based payments, legal fees, consulting fees, other costs incurred to produce non-taxable income and other permanent differences. |
| ** |
Includes the once off gain on acquisition of joint operation. |
|
