Exxaro Resources Limited
Annual Financial Statements 2022
| Group | Company | |||||
| For the year ended 31 December | Note | 2022 Rm |
2021 Rm |
2022 Rm |
2021 Rm |
|
| South African normal tax | ||||||
| Current | (3 710) | (1 863) | (140) | (74) | ||
| – Current year | (3 716) | (1 886) | (139) | (75) | ||
| – Prior year | 6 | 23 | (1) | 1 | ||
| Deferred | (512) | (683) | (15) | (272) | ||
| – Current year | (856) | (673) | (5) | (270) | ||
| – Prior year | 28 | (10) | (5) | (2) | ||
| – Reduction in tax rate1 | 316 | (5) | ||||
| Foreign normal tax | ||||||
| Current | (54) | (24) | ||||
| – Current year | (54) | (24) | ||||
| Dividend withholding tax | (11) | (12) | ||||
| – Non-resident | (10) | (11) | ||||
| – Resident | (1) | (1) | ||||
| Total income tax (expense)/benefit through profit or loss | (4 287) | (2 582) | (155) | (346) | ||
| – Continuing operations | (4 287) | (2 203) | (155) | 33 | ||
| – Discontinued operations | 6.1.4 | (379) | (379) | |||
| 1 | The reduction of the statutory income tax rate from 28% to 27% was substantively enacted on 23 February 2022 and is effective for years of assessment beginning on or after 1 April 2022. As a result, the relevant deferred tax balances have been remeasured. The impact of the change in the statutory income tax rate has been recognised in the income tax expense line item, except to the extent that it relates to items previously recognised directly in equity or other comprehensive income. For the group, such items include the equity-settled share-based payment reserves, financial assets FVOCI revaluation reserves and cash flow hedge reserves. |
Report Index