| Notes to the Company financial statements – Note 1 |
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2014
R’000 |
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| 1. |
Taxation |
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Current taxation |
50 758 |
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– |
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Current year |
2 758 |
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– |
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Prior years |
48 000 |
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– |
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Foreign withholdings tax |
5 201 |
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3 778 |
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Total taxation per statement of comprehensive income |
55 959 |
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3 778 |
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The reconciliation of the effective tax rate with the company tax rate is as follows: |
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% |
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Taxation for the year as a percentage of profit before taxation |
1,9 |
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0,1 |
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Dividend and exempt income |
28,3 |
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29,1 |
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Changes in prior years’ estimation |
(1,6) |
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– |
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Capital gains rate differential |
0,3 |
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– |
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Withholding taxes |
(0,2) |
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(0,1) |
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Expenses not taxable or allowed |
(0,7) |
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(1,1) |
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Rate of South African company taxation |
28,0 |
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28,0 |
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| Notes to the Company financial statements– Note 1 |
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