Pick n Pay Group of Companies financial statements
Notes to the Group financial statements
for the period ended

		Pick n Pay Stores Group				Pick n Pay Holdings Group
			364 days to   2 March   2014   Rm	368 days to   3 March   2013   Rm			364 days to   2 March   2014   Rm	368 days to   3 March   2013   Rm
6.	TAX
6.1	Tax recognised in the statement of comprehensive income
	Tax
	Normal tax		309.3	316.8			309.3	316.8
	– current period		306.7	280.4			306.7	280.4
	– prior period under provision		2.6	36.4			2.6	36.4
	Deferred tax (note 13)		(59.9)	(58.5)			(59.9)	(58.5)
			249.4	258.3			249.4	258.3
	Tax recognised in other comprehensive income
	Tax effect of remeasurement of retirement benefit asset (note 13)		(22.2)	(0.6)			(22.2)	(0.6)
6.2	Tax recognised directly in statement of changes in equity
	Tax effect of share incentive transactions recorded directly in equity		(10.7)	(22.0)			(10.7)	(22.0)
6.3	Tax paid
	Owing – beginning of period		82.8	99.6			82.8	99.6
	Recognised in statement of comprehensive income		309.3	316.8			309.3	316.8
	Recognised in statement of changes in equity		(10.7)	(22.0)			(10.7)	(22.0)
	Owing – end of period		(111.2)	(82.8)			(111.2)	(82.8)
	Total tax paid		270.2	311.6			270.2	311.6
			%	%			%	%
6.4	Statutory tax rate reconciliation
	South African statutory tax rate		28.0	28.0			28.0	28.0
	Exempt income		(5.2)	(3.9)			(5.2)	(3.9)
	Non-deductible share options expense		2.4	3.0			2.4	3.0
	Other non-deductible expenditure		5.6	3.9			5.6	3.9
	Capital gains tax		—	0.4			—	0.4
	Net prior year (over)/under provisions		(0.9)	0.5			(0.9)	0.5
	Effective tax rate		29.9	31.9			29.9	31.9