For the year ended 31 march 2015
2015Rm |
Restated |
|
---|---|---|
Taxation (income)/expense | (168) | 357 |
South African normal company taxation | (56) | 484 |
Deferred taxation | (112) | (127) |
The reduction in the tax expense in the current financial year was mainly as a result of the reversal of tax provisions raised and refunds in respect of prior years that related to matters that were resolved with SARS during the current financial year. In the current financial year the Group raised a deferred tax asset of R250 million of which a net amount of R112 million was processed through profit or loss. |