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INCOME TAX

12 Months Ended

Jun. 30, 2024

Major components of tax expense (income) [abstract]

INCOME TAX

18.2 DEFERRED TAX


			Amounts in R million			2024			2023

			Included in the statement of financial position as follows:
			Deferred tax assets			23.4			32.8
			Deferred tax liabilities			(958.0)			(560.7)

			Net deferred tax liabilities			(934.6)			(527.9)

			Reconciliation of the deferred tax balance:
			Balance at the beginning of the year			(527.9)			(437.4)
			Recognised in profit or loss			(388.6)			(118.7)
			Recognised in other comprehensive income			(0.1)			0.7
			Recognised in equity			(18.0)			27.5

			Balance at the end of the year			(934.6)			(527.9)

			The detailed components of the net deferred tax liabilities which result from the differences between the amounts of assets and liabilities recognised for financial reporting and tax purposes are:
			Amounts in R million			2024			2023

			Deferred tax liabilities
			Property, plant and equipment (excluding unredeemed capital allowances)			(1,075.1)			(659.7)
			Environmental rehabilitation obligation and other funds			(103.4)			(76.3)
			Other investments			(1.6)			(0.6)

			Gross deferred tax liabilities			(1,180.1)			(736.6)

			Deferred tax assets
			Environmental rehabilitation obligation			159.0			113.9
			Other provisions1			73.0			81.0
			Other temporary differences2			7.4			9.0
			Estimated tax losses			6.1			4.8


			Gross deferred tax assets			245.5			208.7

			Net deferred tax liabilities			(934.6)			(527.9)
			1 Includes the temporary differences on the equity settled share-based payment
			2 Includes the temporary differences on the lease liability


			Deferred tax assets have not been recognised in respect of the following:

			Amounts in R million			2024			2023

			Estimated tax losses			17.1			17.2
			Estimated tax losses - Capital nature			313.6			313.6
			Unredeemed capital expenditure			244.4			252.0

			Deferred tax assets for tax losses, unredeemed capital expenditure and capital losses have not been recognised where future taxable profits against which these can be utilised are not anticipated. These do not have an expiry date. A maximum of R1 million or 80% of assessed losses (whichever is greater) is permitted to be set-off per year against taxable income.