| NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS l NOTE 11 |
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2014
Rm |
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2013
Rm |
| 11. |
Income tax INCOME |
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South African normal tax |
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− Current |
20 |
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34 |
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Capital gains tax |
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− Current |
4 |
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8 |
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− Prior year over provision of current tax |
(6) |
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− Prior year over provision of deferred tax |
(146) |
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(45) |
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Withholding taxes on dividends |
2 |
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(126) |
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(3) |
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Reconciliation of tax rate: |
% |
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% |
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Profit before tax - effective tax rate |
(6,1) |
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(0,1) |
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Tax effect of : |
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− Withholding tax on dividends |
(0,1) |
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− Disallowable charges/capital losses |
(4,7) |
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(2,3) |
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− Exempt income |
32,8 |
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25,8 |
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− Fair value adjustment on Lereko Mobility (Pty) Ltd call option |
(1,0) |
|
2,9 |
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− Capital gains tax |
(0,2) |
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(0,3) |
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− Prior year overprovision |
7,3 |
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2,0 |
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28,0 |
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28,0 |
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