Adcock Ingram Integrated Report 2018

ANNUAL FINANCIAL STATEMENTS 104 ADCOCK INGRAM  Integrated Report 2018 Notes to the Company annual financial statements 2018 2017 R’000 R’000 A REVENUE Finance income 24 165 15 734 Dividend income 15 759 250 387 39 924 266 121 B FINANCE INCOME AND FINANCE COSTS B.1 FINANCE INCOME Bank 17 884 13 882 Inter-Group interest 6 281 1 852 24 165 15 734 B.1 FINANCE COSTS Borrowings 14 837 14 636 Inter-Group interest 9 696 – 24 533 14 636 C TAXATION South African taxation Current income tax – current year – 224 – prior year over provision (10) – Deferred tax – current year (311) (17) (321) 207 Reconciliation of the taxation rate: % % Effective rate (2.2) 0.1 Adjusted for: Exempt income (dividend income) 30.1 27.9 Prior year over provision 0.1 – South African normal tax rate 28.0 28.0