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Notes to the annual financial statements

for the year ended 28 February 2010

 

		GROUP				COMPANY
		2010   Rm		2009   Rm		2010   Rm		2009   Rm*
5.	Tax
5.1	Tax recognised in statement of comprehensive income
	South African normal tax
	– current year	440.5		484.0		0.1		—
	– prior year overprovision	(1.7)		(0.7)
	Deferred tax (note 14)
	– current year	10.2		15.5
	Secondary tax on companies
	– current year	82.9		71.7
	Total tax charge	531.9		570.5		0.1		—
5.2	Tax recognised directly in equity
	Tax effect of share incentive transactions recognised directly in equity	(15.1)		(54.1)
	Total tax recognised directly in equity	(15.1)		(54.1)		—		—
		%		%		%		%
5.3	Statutory tax rate reconciliation
	Statutory tax rate	28.0		28.0		28.0		28.0
	Exempt income	(3.8)		(2.8)		(28.0)		(28.1)
	Secondary tax on companies	4.5		4.1
	Non-deductible share options expense	1.0		1.0
	Other non-deductible expenditure	0.5		0.5		—		0.1
	Net prior year under/(over) provisions	1.1		(0.1)
	Other	(2.2)		2.0
	Effective tax rate	29.1		32.7		—		—
		Rm		Rm		Rm		Rm
5.4	Tax paid/(received) comprises:
	Owing to/(due from) – 1 March	181.4		249.4		(1.9)		(1.9)
	Movement through statement of comprehensive income
	Current tax charge – continuing operations	438.8		483.3		0.1		—
	Current tax charge – discontinued operation (note 18)	1.5		—
	Secondary tax on companies	82.9		71.7
	Movement through equity	(15.1)		(54.1)
	(Owing to)/due from – 28 February	(230.5)		(181.4)		—		1.9
	Total tax paid/(received)	459.0		568.9		(1.8)		—
	Comprising:
	Continuing operations	457.5		567.7		(1.8)		—
	Discontinued operation	1.5		1.2		—		—

 

 

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