Annual report home ► Downloads ►   The Bidvest Group Limited Annual report 2006 Commentary Value added statement Exchanges with government Directors’ responsibility for the financial statements Declaration by company secretary Report of the independent auditors Directors’ report Accounting policies Consolidated income statement Consolidated statement of recognised income and expenses Consolidated cash flow statement Consolidated balance sheet Notes to the consolidated financial statements Company income statement Company cash flow statement Company balance sheet Notes to the Company financial statements Interest in subsidiaries, joint ventures and associates   Notes to the Company financial statements for the year ended June 30       2006  R’000    2005  R’000  2. Taxation         Current taxation (232)   4 712    Current year –    (2 524)   Prior years (232)   7 236    Secondary taxation on companies (136)   –    Total taxation per income statement (368)   4 712    The reconciliation of the effective tax rate with the company tax rate is as follows %    %    Taxation for the year as a percentage of profit before taxation (0,1)   (0,7)   Dividend and exempt income 45,2    29,0    Difference in rate as a result of capital gains taxation –    (0,3)   Changes in prior year’s estimation 0,1    1,0    Expenses not taxable or allowed (16,2)   –    Rate of South African company taxation 29,0    29,0      R’000    R’000    Secondary taxation on companies – dividend credits available 91 442    47 057    ▲   Back to top