|
|
|
|
| |
| |
|
| |
| Notes to the company
financial statements |
|
| for the year ended
31 March 2006 |
|
|
|
|
 |
|
|
| |
|
| |
|
|
2006
Rm |
2005
Rm |
| 2. |
Taxation |
|
|
|
|
2.1 |
South African
tax |
 |
|
| |
|
Current tax |
—
|
2 |
| |
|
Secondary tax on companies |
—
|
1 |
| |
|
|
—
|
3 |
| |
|
No current tax is payable
in the current year as the company has a
calculated tax loss of R9 million. |
|
|
| |
|
|
% |
% |
| |
2.2 |
Tax rate reconciliation
|
|
|
| |
|
A reconciliation of the
normal South Africa tax rate for companies
compared with that |
|
|
| |
|
charged in the income
statement is set out below: |
|
|
| |
|
Normal tax rate |
29,0 |
30,0 |
| |
|
Increase in
rate of tax due to: |
|
|
| |
|
Secondary tax on companies |
—
|
0,5 |
| |
|
Decrease in
rate of tax due to: |
|
|
| |
|
Taxable loss |
(29,0) |
— |
| |
|
Exempt income |
—
|
(29,0) |
| |
|
Effective tax rate |
—
|
1,5 |
|
|
|
|
|
| |
 |
|
|
| |
|
|
 |
| |
|
|
|
| |
|