NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS l NOTE 9
    2014
Rm		     Restated
2013
Rm		  
9. Deferred tax          
  Movement of deferred tax (assets) and liabilities          
  Net balance at beginning of year 404     177  
  Adjustment resulting from the adoption of amendments to IAS 19 - Employee Benefits       (19)  
  Charged to profit or loss          
  – Current year (70)     111  
  – Prior year under provisions (51)     63  
  – Impairment charge 8     38  
  – Tax rate adjustment 2     1  
  – Capital gains tax (100)     (21)  
  Recognised in other comprehensive income 30     (56)  
  Recognised direct in equity 21        
  Net acquisitions of subsidiaries and businesses (4)     68  
  Currency adjustments 14     41  
  Reclassification to assets classified as held for sale       1  
  Net balance at end of year 254     404  
  Analysis of deferred tax          
  – Intangible assets 394     265  
  – Property, plant and equipment 284     158  
  – Transport fleet 648     599  
  – Vehicles for hire 50     101  
  – Investments 15     75  
  – Inventories (130)     (159)  
  – Provisions and maintenance contracts (690)     (586)  
  – Deferral of recoupments 129     106  
  – Retirement benefit obligation (164)     (150)  
  – Tax losses (316)     (160)  
  – Capital gains tax 67     146  
  – Other (33)     9  
    254     404  
  Deferred tax comprises:          
  Deferred tax assets (1 101)     (1 094)  
  Deferred tax liabilities 1 355     1 498  
    254     404  
  Unrecognised tax losses          
  Unused tax losses available for offset against future profits (2 149)     (1 537)  
  Deferred tax asset recognised in respect of such losses 1 127     570  
  Remaining tax losses not recognised (1 022)     (967)  
  Where entities within the Group are expecting to be profitable and have a high prospect of utilising any noted assessed losses in the future, deferred tax asset are raised. The assessments are performed on a continuous basis and if required the deferred tax asset raised is impaired. Management has assumed that the recoverability of the balance of the unrecognised losses is still in doubt because a trend of profitable growth in the respective entities has not yet been established and hence have not raised deferred tax assets on this balance.

Deferred tax assets were impaired where entities do not show signs of profitability in the future.