Notes to the consolidated annual financial statements

for the year ended 30 September

		2008	2007	2006
		Rm	Rm	Rm
8.	Deferred taxation
	Movement of deferred taxation
	Balance at beginning of year
	– Deferred taxation assets	619	750	823
	– Deferred taxation liabilities	(610)	(870)	(905)
	Net asset/(liability) at beginning of the year	9	(120)	(82)
	Recognised in income statement this year	53	(45)	(23)
	– Continuing operations	51	(54)	(13)
	– Rate change adjustment	2	9	(10)
	Recognised in income statement this year – Discontinued operations	(28)	5	(32)
	Arising on acquisition and disposal of subsidiaries	(16)	(23)	(53)
	Translation differences	33	(20)	(11)
	Accounted for directly in equity	4	27	2
	Unbundling of Cement		158
	Unbundling of Coatings	(21)
	Reclassified as held for sale	154
	Other movements	34	27	79
	Net asset/ (liability) at end of the year	222	9	(120)
	– Deferred taxation assets	488	619	750
	– Deferred taxation liabilities	(266)	(610)	(870)
	Analysis of deferred taxation by type of temporary difference
	Deferred taxation assets
	Capital allowances	(81)	39	(3)
	Provisions and payables	220	196	244
	Prepayments and other receivables	39	19	54
	Effect of tax losses	133	103	173
	Retirement benefit obligations	178	256	306
	Other temporary differences	(1)	6	(24)
		488	619	750
	Deferred taxation liabilities
	Capital allowances	(345)	(516)	(701)
	Provisions and payables	86	105	119
	Prepayments and other receivables	50	(191)	(223)
	Effect of tax losses	54	56	33
	Retirement benefit obligations	(4)	(7)	(6)
	Other temporary differences	(107)	(57)	(92)
		(266)	(610)	(870)
	Amount of deferred taxation income/(expense) recognised
	in the income statement
	Capital allowances	53	54	51
	Provisions and payables	29	(62)	89
	Prepayments and other receivables		(2)	(147)
	Effect of tax losses	100	(48)	(20)
	Retirement benefit obligations	(75)	(50)	(83)
	Other temporary differences	(54)	63	55
		53	(45)	(55)

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