MENU Notes to the financial statementsfor the year ended 30 June 2015

  1. Accounting policies
  2. Definitions
  3. Revenue
  4. Cost of sales
  5. Trading profit
  6. Share-based payments
  7. Finance revenue
  8. Finance cost
  9. Taxation
  10. Earnings per share
  11. Headline earnings per share
  12. Dividends paid in the current year
  13. Property, plant and equipment
  14. Investment properties
  15. Investments
  16. Long-term financial assets
  17. Goodwill
  18. Deferred taxation
  19. Inventories
  20. Trade and other receivables
  21. Cash and cash equivalents
  22. Stated capital
  23. Non-distributable reserve
  24. Interest-bearing loans and borrowings
  25. Trade and other payables
  26. Provisions
  27. Reconciliation of profit before taxation to cash generated from operations
  28. Taxation paid
  29. Dividends paid
  30. Commitments and contingencies
  31. Employee benefits
  32. Financial risk management objectives and policies
  33. Related-party transactions
  34. Segment report (restated)
  35. Subsequent events
  36. Discontinued operations
  37. Loss of control in subsidiary
  38. Group entities
Company           Group  
2015  
Rm’s  		     2014  
Rm’s  		         2015  
Rm’s  		     2014  
Rm’s  
          9. Taxation             
            Current taxation through profit and loss             
1        1        – Normal tax (South Africa) – current year      243        212   
            – Normal tax (Foreign) – current year      10        10   
            – Normal tax (South Africa) – prior year adjustments      (8)        1   
—        1        – Deferred tax (South Africa) – current year      1        (1)   
            – Deferred tax (Foreign) – current year      #        #   
            – Deferred tax (South Africa) – prior year adjustments      1        (4)   
            – Deferred tax (Foreign) – prior year adjustments      #        #   
            – Dividend withholding tax      #        9   
1        2            247        227   
%        %        Reconciliation of tax rate      %        %   
28,0        28,0        Standard tax rate – South Africa      28,0        28,0   
            Adjusted for:             
(27,9)        (28,0)        Exempt income*      (1,3)        (0,1)   
            Tax effect from income from associates      (1,8)        (1,2)   
0,1        0,3        Other differences, including effect of foreign tax rates, prior period over/under provisions and dividend withholding tax paid by SPEs   0,4        2,7   
0,2        0,3        Effective tax rate      25,3        29,4   
           
* Exempt income comprises profit on sale of property, plant and equipment, dividends received, profit from sale of interest in subsidiary (note 37), and foreign subsidiary liquidation (note 23).