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PPS
INTEGRATED REPORT 2018
184
NOTES TO THE
CONSOLIDATED
FINANCIAL STATEMENTS
(continued)
for the year ended 31 December 2018
3. TAX
Trust
2018
2017
R'000
R'000
Current tax
– Current year tax
2 558
–
– Prior years underprovision
243
–
Total tax
2 801
–
Tax on the Trust’s profit before tax differs from the theoretical amount that
would arise using the tax rate applicable to South African trusts:
Surplus/(Deficit) before tax
8 226
(2 673)
Tax calculated at domestic tax rates applicable to trust profits in South Africa
(45%)
3 702
(1 203)
Tax effect of non-deductible expenses
8
51
Prior years underprovision
243
–
(Decrease)/Increase in accumulated losses for which no deferred tax asset was
recognised
(1 152)
1 152
Total tax per Statement of Profit or Loss, Other Comprehensive Income and
Equity
2 801
–