| |
|
| Group |
Company |
| R'000 |
2024 |
2023 |
2024 |
2023 |
| Current tax |
|
|
| |
| Current year expense |
321 561 |
460 092 |
106 |
178 |
| Prior year over provision |
(17 007) |
(6 544) |
(178) |
– |
|
| 304 554 |
453 548 |
(72) |
178 |
| Deferred tax |
|
|
| |
| Current year (credit) expense |
(78 154) |
145 788 |
– |
6 210 |
| Prior year (over) under provision |
(7 254) |
956 |
– |
– |
|
| (85 408) |
146 744 |
– |
6 210 |
|
| 219 146 |
600 292 |
(72) |
6 388 |
|
| Group |
Company |
| |
2024 |
2023 |
2024 |
2023 |
| Reconciliation between applicable tax rate and average effective tax rate |
% |
% |
% |
% |
| Applicable tax rate |
27.00 |
27.00 |
27.00 |
27.00 |
| Permanent differences* |
1.47 |
0.33 |
– |
0.65 |
| Derecognition of deferred tax asset |
– |
0.26 |
– |
0.77 |
| Prior year over provision |
(2.74) |
(0.24) |
(0.02) |
– |
| Dividend income |
(0.05) |
(0.12) |
(27.75) |
(27.63) |
| Non-taxable income** |
(1.33) |
(1.73) |
0.81 |
– |
| Capital gain inclusion |
0.42 |
– |
– |
– |
| Limitation on utilisation of assessed loss |
(0.05) |
– |
(0.05) |
– |
|
| 24.72 |
25.50 |
(0.01) |
0.79 |
| * |
Includes 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. |
|
