Notes to the company financial
statements
FOR THE YEAR ENDED 30 SEPTEMBER
| 2020 Rm |
2019 Rm |
||
|---|---|---|---|
| 3 | TAXATION | ||
| Foreign and withholding taxation | (23) | (4) | |
| Capital gains tax | (118) | ||
| Current year | (97) | (44) | |
| Prior year | 1 | (5) | |
| (237) | (53) | ||
| Deferred tax | (5) | (4) | |
| Total taxation | (242) | (57) | |
| Tax from continuing operations | (20) | (49) | |
| Tax from discontinued operations | (222) | (8) | |
| Taxation attributable to the company | (242) | (57) |
| 2020 % |
Restated^ 2019 % |
||
|---|---|---|---|
| Reconciliation of rate of taxation of continued operations: | |||
| South Africa normal taxation rate | 28.0 | 28.0 | |
| Reduction in rate of taxation | (38.1) | (24.0) | |
| Adjustment due to exemption for dividend income | (36.9) | (24.0) | |
| Other non-taxable income | (1.2) | ||
| Increase in the rate of taxation | 22.9 | 1.6 | |
| Disallowable charges | 0.9 | 0.9 | |
| IFRS 2 B-BBEE charge | 11.0 | ||
| Capital gains tax and recoupments | 9.7 | ||
| Prior year | 0.1 | 0.6 | |
| Withholding taxation | 1.2 | 0.1 | |
| Taxation as a percentage of profit before taxation | 12.9 | 5.6 |
| ^ | The prior year tax rate reconciliation was represented to reflect the continuing operations separately from those of the discontinued operations. |