| NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS l NOTE 11 |
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2013
Rm |
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2012
Rm |
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| 11. |
Income tax expense |
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South African normal tax |
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– Current |
34 |
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29 |
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Capital gains tax |
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– Current |
8 |
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– Prior year overprovision of deferred tax |
(45) |
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– Deferred tax rate adjustment |
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46 |
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Secondary tax on companies |
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24 |
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(3) |
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99 |
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Reconciliation of tax rate: |
% |
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% |
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Profit before tax – effective tax rate |
(0,1) |
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3,4 |
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Tax effect of: |
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– Secondary tax on companies |
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(0,8) |
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– Disallowable charges and capital losses |
(2,3) |
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(0,7) |
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– Exempt income |
25,8 |
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24,9 |
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– Fair value adjustment on Lereko Mobility (Pty) Ltd call option |
2,9 |
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2,8 |
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– Capital gains tax |
(0,3) |
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– Tax rate adjustment |
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(1,6) |
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– Prior year overprovision |
2,0 |
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28,0 |
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28,0 |
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