| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
1 | |||||||
2 | |||||||
3 | GROUP | COMPANY | |||||
4 | 2,021 | 2,020 | 2,021 | 2,020 | |||
5 | Rs'000 | Rs'000 | Rs'000 | Rs'000 | |||
6 | |||||||
7 | (a) | Current tax on the adjusted profit for the year at 15% (2020: 15%) | 12,631 | 35,993 | 3,672 | 10,454 | |
8 | Deferred tax (Note 21 (b)) | 76,326 | 47,954 | 31,182 | 26,628 | ||
9 | Corporate social responsibility tax | 2,422 | 4,745 | 1,228 | 1,394 | ||
10 | (Over)/under provision | (182) | 610 | (446) | - | ||
11 | 91,197 | 89,302 | 35,636 | 38,476 | |||
12 | |||||||
13 | |||||||
14 | |||||||
15 | (b) | The tax on the profit before tax differs from the theoretical amount that would arise using the basic tax rate as follows: | GROUP | COMPANY | |||
16 | 2021 | 2020 | 2021 | 2020 | |||
17 | Rs'000 | Rs'000 | Rs'000 | Rs'000 | |||
18 | Profit before tax | 1,049,118 | 490,619 | 330,967 | 195,811 | ||
19 | |||||||
20 | Tax calculated at 15% (2020: 15%) | 157,368 | 73,594 | 49,645 | 29,372 | ||
21 | Share of profit in joint venture | (4,799) | 716 | - | - | ||
22 | Expenses not deductible for tax purposes | 9,541 | 5,960 | 8,228 | 5,851 | ||
23 | Income not subject to tax | (5,781) | (37,306) | (2,115) | (35,708) | ||
24 | Corporate social responsibility tax (CSR) | 2,422 | 4,745 | 1,228 | 1,394 | ||
25 | Fair value movements on investment property not subject to tax | ||||||
26 | (80,514) | 29,459 | (24,716) | 34,533 | |||
27 | Deferred tax rate differential due to CSR | 13,142 | 11,524 | 3,812 | 3,034 | ||
28 | (Over)/under provision | (182) | 610 | (446) | - | ||
29 | Current tax charge | 91,197 | 89,302 | 35,636 | 38,476 | ||
30 | |||||||
31 | |||||||
32 | (c) | Net tax assets | GROUP | COMPANY | |||
33 | 2021 | 2020 | 2021 | 2020 | |||
34 | Rs'000 | Rs'000 | Rs'000 | Rs'000 | |||
35 | At 01 July, | (9,054) | (5,575) | (11,504) | (3,658) | ||
36 | Provision for the year | 12,631 | 35,993 | 3,672 | 10,454 | ||
37 | Tax paid during the year | 1,644 | (23,838) | 5,714 | - | ||
38 | Provision for CSR contribution | 2,422 | 4,745 | 1,228 | 1,394 | ||
39 | CSR paid during the year | (1,022) | (5,589) | (734) | (1,057) | ||
40 | Tax deducted at source | (41,718) | (15,400) | (17,340) | (18,637) | ||
41 | Over/(under) provision | (182) | 610 | (446) | - | ||
42 | At 30 June, | (35,279) | (9,054) | (19,410) | (11,504) | ||
43 | |||||||
44 | Current tax assets | (83,856) | (63,006) | (35,172) | (35,056) | ||
45 | Current tax liabilities | 48,577 | 53,952 | 15,762 | 23,552 | ||
46 | (35,279) | (9,054) | (19,410) | (11,504) |