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AFRICAN DAWN 2015 Annual Report

Notes to the Financial Statements continued 9. Deferred tax Group Company Deferred tax liability 2015 R’000 2014 R’000 AFRICAN DAWN 80 ANNUAL REPORT 2015 2015 R’000 2014 R’000 Deferred tax liability - intangible asset on acquisition of Knife Capital Group (1,493) - - - Deferred tax assets 128 - - - Net deferred tax liability (1,365) - - - Reconciliation of deferred tax asset/liability At beginning of year - - - - Business combination Knife Capital Group assessed loss (refer to note 37) 54 - - - Assessed loss utilised during the year against current income tax (54) - - - Deferred tax raised on acquisition of Knife Capital Group intangible assets. (Refer to note 37) (1,833) - - - Deferred tax effect of amortisation of intangible asset raised on Knife Capital Group (refer to note 5) 340 - - - Temporary difference on leave pay accruals 51 - - - Temporary difference on deferred income 77 - - - (1,365) - - -


AFRICAN DAWN 2015 Annual Report
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