|
|
2019
Rm |
| Current tax – current year charge |
|
125 |
|
87 |
| Current tax – underprovision prior year |
|
1 |
|
15 |
| Deferred tax – current year (credit) |
|
(35) |
|
(36) |
| Deferred tax – under/(over) provision prior year |
|
1 |
|
(2) |
| Withholding taxes |
|
4 |
|
6 |
| Total income tax expense |
|
96 |
|
70 |
| Other comprehensive income |
|
|
|
|
| Tax (credit)/charge relating to components of other comprehensive income on items that may be reclassified subsequently to profit or loss: |
|
(15) |
|
1 |
| Cash flow hedges |
|
(15) |
|
1 |
| Tax charge relating to components of other comprehensive income on items that may not be reclassified subsequently to profit or loss: |
|
1 |
|
1 |
| Remeasurements of post-employment defined benefit liability |
|
1 |
|
1 |
|
|
|
|
|
|
|
(14) |
|
2 |
|
|
2019
Rm |
2019
% |
| Income tax rate reconciliation |
|
|
|
|
|
|
| Loss before income tax and share of profit of associates and joint venture |
|
(1 126) |
|
|
(25) |
|
| Income tax thereon at 28% (2019: 28%) |
|
(315) |
28.0 |
|
(7) |
28.0 |
| Exempt income/credits: |
|
|
|
|
|
|
| Profits attributable to the HPF non-controlling interests |
|
(37) |
3.2 |
|
(70) |
280.0 |
| Expenses/debits not deductible for tax purposes: |
|
|
|
|
|
|
| Amortisation and depreciation |
|
25 |
(2.2) |
|
– |
– |
| Transaction costs |
|
1 |
(0.1) |
|
9 |
(36.0) |
| Fair value loss on investment property revaluations |
|
221 |
(19.7) |
|
125 |
(500.0) |
| Foreign tax rate differential |
|
(31) |
2.7 |
|
(10) |
40.0 |
| Impairment of property, plant and equipment |
|
162 |
(14.4) |
|
– |
– |
| Other non-deductible items |
|
7 |
(0.6) |
|
16 |
(64.0) |
| Deferred tax asset not recognised on assessed losses |
|
58 |
(5.1) |
|
– |
– |
| Withholding taxes |
|
3 |
(0.3) |
|
(6) |
24.0 |
| Prior year (credits)/charges (net) |
|
2 |
(0.1) |
|
13 |
(52.0) |
|
|
96 |
(8.5) |
|
70 |
(280.0) |
