| |
|
2009
R’million |
|
2008
R’million |
19. |
TAX |
|
|
|
| |
Current tax |
– current year |
60,0 |
|
47,4 |
| |
|
– prior year |
— |
|
0,1 |
| |
Deferred tax |
– current year |
(6,2) |
|
5,1 |
| |
|
– prior year |
— |
|
0,2 |
| |
|
– tax rate adjustment |
— |
|
(0,2) |
| |
Secondary tax on companies and other dividend taxes |
3,6 |
|
0,1 |
| |
Capital gains tax |
4,2 |
|
1,8 |
| |
Total tax charge |
61,6 |
|
54,5 |
| |
|
% |
|
% |
| |
Reconciliation of the tax rate |
|
|
|
| |
Effective tax rate |
2,1 |
|
3,0 |
| |
Capital and exempt income |
26,9 |
|
26,3 |
| |
Disallowable expenses |
(0,8) |
|
(1,2) |
| |
Non-deductible portion of share-based payment expense – employees |
(0,1) |
|
(0,1) |
| |
Non-deductible amortisation of intangible assets |
— |
|
(0,2) |
| |
Impairment of intangible assets |
(0,1) |
|
— |
| |
Other disallowable expenses |
(0,6) |
|
(0,9) |
| |
Secondary tax on companies and other dividend taxes |
(0,1) |
|
— |
| |
Capital gains tax |
(0,1) |
|
(0,1) |
| |
Tax at the statutory rate |
28,0 |
|
28,0 |
