NOTES TO THE FINANCIAL STATEMENTS NOTE 19

19. Deferred taxation
  Note   GROUP 
June 2016 
R000 
  GROUP 
June 2015 
R000 
 
Arising on:          
Building appurtenances and tenant installations       154 636     127 641    
Taxation loss        (78 960)    (74 843)   
Investment property        91 479          
Shareholder loans Gruppo Investments Nigeria Limited        (16 523)         
Other temporary differences        (4 123)         
Balance at end of year        146 509     52 798    
Reconciliation of the movement in the deferred taxation liability                  
Opening balance 1 July        52 798     45 747    
Reallocation from prior year        (555)         
Acquired through business combination  33.2      47 909          
FCTR adjustment        2 799          
Movement through profit or loss        43 558     7 051    
   Building appurtenances and tenant installations        16 210     3 358    
   Fair value on investment property        3 346          
   Prior year deferred taxation adjustment        6 099          
   Income received in advance and other         678     16     
   Shareholder loans Gruppo Investments Nigeria Limited        16 562          
   Utilisation of taxation loss and other temporary differences        663     3 677    
Balance at end of year        146 509     52 798    

Deferred taxation on temporary differences was calculated at 28% (2015: 28%) in respect of South African balances (Ikeja City Mall: 30% (investment property: 10%)).


NOTES TO THE FINANCIAL STATEMENTS NOTE 19