| |
|
GROUP |
| |
|
2009 |
|
|
2008 |
| |
|
Rm |
|
|
Rm |
| |
|
|
|
|
Restated* |
| 14. |
DEFERRED TAX |
|
|
|
|
| |
The movement in deferred tax is as follows: |
|
|
|
|
| |
At 1 March – as previously stated |
|
|
|
151.2 |
| |
Prior year adjustment (note 31.3) |
|
|
|
(18.8) |
| |
At 1 March – as restated |
105.8 |
|
|
132.4 |
| |
Recognised in the income statement |
(13.0) |
|
|
(11.1) |
| |
Participation in export partnerships |
4.2 |
|
|
4.7 |
| |
Property, equipment and vehicles |
(27.4) |
|
|
(2.3) |
| |
Operating leases |
7.2 |
|
|
7.6 |
| |
Retirement benefits |
(11.4) |
|
|
(23.2) |
| |
Prepayments |
0.6 |
|
|
10.0 |
| |
Allowance for impairment losses |
9.1 |
|
|
(3.8) |
| |
Income and expense accruals |
4.7 |
|
|
0.3 |
| |
Effect of change in tax rate |
— |
|
|
(4.4) |
| |
Tax effect of foreign currency translations recognised directly in equity |
7.0 |
|
|
(15.5) |
| |
As previously stated |
|
|
|
3.5 |
| |
Prior year adjustment (note 31.3) |
|
|
|
(19.0) |
 |
|
|
|
|
|
| |
At 28 February |
99.8 |
|
|
105.8 |
| |
Comprising: |
|
|
|
|
| |
Participation in export partnerships |
(59.5) |
|
|
(63.7) |
| |
Property, equipment and vehicles |
(48.2) |
|
|
(20.8) |
| |
Operating leases |
156.8 |
|
|
149.6 |
| |
Retirement benefits |
2.3 |
|
|
13.7 |
| |
Prepayments |
(4.2) |
|
|
(4.8) |
| |
Allowance for impairment losses |
10.7 |
|
|
1.6 |
| |
Income and expense accruals |
68.7 |
|
|
64.0 |
| |
Foreign currency translation |
(26.8) |
|
|
(33.8) |
| |
Total deferred tax asset |
99.8 |
|
|
105.8 |
| |
In respect of Score Supermarkets Operating Limited Group and InterFrank Group Holdings Pty Limited (Franklins) in Australia, there are approximately R211.5 million and R406.9 million respectively, of estimated tax losses available for set-off against future taxable income, for which no deferred tax assets have been raised. |
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|
|
|
| |
|
|
|
|
|
