19. Deferred taxation
 
  2018
R000
  2017
R000
 
Arising on:             
Wear and tear claims on investment property, building appurtenances and tenant installations    164 149       152 307    
Taxation loss arising prior to REIT status  (78 122)    (78 122)   
Fair value of investment property – Gruppo Investments Nigeria Limited  76 165     72 618    
Fair value adjustment on convertible loans – Gruppo Investments Nigeria Limited  28 017     4 105    
Rent and other receivables for Gruppo Investments Nigeria Limited  (12 207)    (11 309)   
   178 002     139 599    
Reconciliation of the movement in the deferred taxation liability             
Opening balance – 1 July  139 599     146 509    
Sale of subsidiary        (184)   
FCTR adjustment  3 299     (8 352)   
Movement through profit and loss  35 104     1 626    
   Building appurtenances and tenant installations  12 078     12 036    
   Reversal of wear and tear allowances on asset sales  (264)    (14 297)   
   Fair value on investment property  (51)    (8 154)   
   Prior year deferred taxation adjustment  2 927     (912)   
   Fair value adjustment on convertible loans – Gruppo Investments Nigeria Limited  23 706     18 694    
   Rent and other receivables for Gruppo Investments Nigeria Limited  (3 292)    (5 741)   
Balance at end of the year  178 002     139 599    

Deferred taxation on temporary differences was calculated at 28% (2017: 28%) in respect of South African amounts. Ikeja City Mall temporary differences: 30% (2017: 30%); Ikeja City Mall Investment property: 10% (2017: 10%).