Notes to the Group annual financial statements

for the period ended 3 March 2013
    Group
    2013   2012  
    Rm   Rm  
5.   TAX      
5.1   Tax recognised in the statement of comprehensive income      
  Normal tax   316.8   359.0  
  – current period   280.4   360.7  
  – prior period under/(over) provision   36.4   (1.7) 
  Deferred tax (note 13 (58.5)  (11.9) 
  Secondary tax on companies   —   60.6  
  Total tax charge recognised in the statement of comprehensive income   258.3   407.7  
       
  Tax charge relating to the sale of discontinued operation   —   55.0  
5.2   Tax recognised directly in equity      
  Tax effect of share incentive transactions recorded directly in equity   (22.0)  (11.4) 
  Tax effect of forward exchange contracts realised directly in equity   —   2.3  
  Total recognised directly in equity   (22.0)  (9.1) 
5.3   Statutory tax rate reconciliation   %   %  
  Statutory tax rate   28.0   28.0  
  Exempt income   (3.9)  (1.6) 
  Secondary tax on companies   —   5.2  
  Non-deductible share options expense   3.0   2.2  
  Other non-deductible expenditure   3.9   1.1  
  Capital gains tax   0.4   —  
  Net prior year under/(over) provisions   0.5   (0.1) 
  Other   —   0.1  
  Effective tax rate   31.9   34.9  
    Rm   Rm  
5.4   Tax paid      
  Owing – beginning of period   99.6   96.2  
  Movement through statement of comprehensive income      
  Current tax charge – continuing operations   316.8   359.0  
  Secondary tax on companies   —   60.6  
  Tax charge relating to the sale of discontinued operation   —   55.0  
  Movement through equity   (22.0)  (9.1) 
  Owing – end of period   (82.8)  (99.6) 
  Total tax paid   311.6   462.1