For the year ended 31 march 2016
2016Rm |
Restated |
|
|---|---|---|
| Taxation (income)/expense | 524 | (28) |
| South African normal company taxation | 560 | 73 |
| Deferred taxation | (15) | (101) |
| Withholding tax | 1 | - |
| Common control transaction | (22) | - |
The higher group taxation is mainly due to the prior year being lower as a result of reduced assessments issued to the company and the reversal of provisions. In the prior year the company recognised a deferred tax asset of R250 million and in the current year no further deferred tax assets were recognised. The acquisition of BCX further contributed to the increase in the tax charge.