| 12 | DEFERRED TAX | |||||
| 2018 R’000 |
2017 R’000 |
|||||
| Balance at beginning of year | (71 550) | (67 739) | ||||
|---|---|---|---|---|---|---|
| Acquisition of business (refer note 1) | (27 622) | 204 | ||||
| Movement through profit or loss | 555 | 2 836 | ||||
| Exchange rate adjustments | (388) | 825 | ||||
| Revaluations of foreign currency contracts (cash flow hedges) to fair value | (1 782) | (7 674) | ||||
| Revaluation of available-for-sale asset to fair value | (7) | (2) | ||||
| Balance at end of year | (100 794) | (71 550) | ||||
| Analysis of deferred tax | ||||||
| This balance comprises the following temporary differences: | ||||||
| Trademarks | (50 909) | (17 477) | ||||
| Property, plant and equipment | (137 402) | (142 117) | ||||
| Pre-payments | (5 189) | (2 782) | ||||
| Income received in advance | 15 468 | 6 350 | ||||
| Provisions | 79 762 | 77 432 | ||||
| Revaluations of foreign currency contracts (cash flow hedges) to fair value | (4 003) | (2 221) | ||||
| Tax loss available for future use | 1 083 | 10 514 | ||||
| Other | 396 | (1 249) | ||||
| (100 794) | (71 550) | |||||
| Disclosed as follows: | ||||||
| Deferred tax asset | 18 120 | 1 588 | ||||
| Deferred tax liability | (118 914) | (73 138) |