Notes to the Company financial statements

for the year ended 30 June

    R million   2014   2013  
  8.   DEFERRED TAX      
    Balance at beginning of year   4   (1) 
    Statement of comprehensive income (credit)/charge for the year   (13)  5  
    Balance at end of year   (9)  4  
    Deferred tax arises from the following temporary differences:      
    Deferred tax assets      
    Fair value adjustments  
(12)  (12) 
    Balance at beginning of year   (12)  (1) 
    Reclassification to deferred tax liability (fair value adjustments)  –   (11) 
    To be recovered after more than 12 months   (12)  (12) 
      (12)  (12) 
    Deferred tax liabilities      
    Doubtful debts and prepayments   3   16  
    Balance at beginning of year   16   –  
    (Credited)/charged to statement of comprehensive income   (13)  5  
    Reclassification from deferred tax asset (fair value adjustments)  –   11  
    To be recovered after more than 12 months   3   16  
      3   16  
    Net deferred tax (asset)/liability   (9)  4