XML 292 R60.htm IDEA: XBRL DOCUMENT

Note 17 - Tax Expense (Tables)

12 Months Ended

Dec. 31, 2021

Statement Line Items [Line Items]

Disclosure of the components of income tax [text block]

		2021				2020				2019
Tax recognised in profit or loss

Current tax			9,051				9,492				7,311
Income tax - current year			8,769				8,969				6,802
Income tax - change in tax estimates			(168	)			(54	)			29
Withholding tax - current year			450				577				480

Deferred tax expense			5,806				5,681				2,979
Origination and reversal of temporary differences			5,806				5,681				2,979

Tax expense – recognised in profit or loss			14,857				15,173				10,290

Tax recognised in other comprehensive income
Income tax - current year			-				-				-

Tax expense			14,857				15,173				10,290

Disclosure of unrecognized deferred tax assets [text block]

		2021				2020				2019

Caledonia Holdings Zimbabwe (Private) Limited			1,800				593				421
Greenstone Management Services Holdings Limited			516				376				276
Tax losses carried forward			2,316				969				697

Disclosure of income taxes paid [text block]

Tax paid		2021				2020				2019

Net income tax payable at January 1			(419	)			(163	)			(1,538	)
Current tax expense			(9,051	)			(9,492	)			(7,310	)
Foreign currency movement			583				2,580				3,168
Tax paid			7,426				6,656				5,517
Net income tax payable at December 31			(1,461	)			(419	)			(163	)

Disclosure of income tax reconciliation [text block]

Reconciliation of tax rate		2021				2020				2019

Profit for the year			23,142				25,257				50,401
Total tax expense			14,857				15,173				10,290
Profit before tax			37,999				40,430				60,691

Income tax at Company's domestic tax rate ⁽¹⁾			-				-				-
Tax rate differences in foreign jurisdictions ⁽²⁾			11,847				12,405				16,232
Effect of income tax calculated in RTGS$ as required by PN26 ⁽³⁾			590				2,004				(8,526	)
Management fee – withholding tax on deemed dividend portion			342				209				224
Management fee – non-deductible deemed dividend			611				570				652
Management fee – withholding tax - current year			148				123				129
Withholding tax on intercompany dividends			-				245				128
Non-deductible expenditure
- Royalty expenses ⁽⁴⁾			-				-				933
- Donations			311				107				18
- Other non-deductible expenditure			(170	)			177				21
Credit export incentive income exemption			-				(598	)			(124	)
Change in income tax rate ⁽⁵⁾			-				(287	)			-
Change in tax estimates
- Zimbabwean income tax			(166	)			-				29
- South African income tax			(2	)			(54	)			63
Change in unrecognised deferred tax losses			1,346				272				511
Tax expense - recognised in profit or loss			14,857				15,173				10,290

Disclosure of temporary difference, unused tax losses and unused tax credits [text block]

		Assets								Liabilities								Net
		2021				2020				2021				2020				2021				2020
Property, plant and equipment			-				-				(9,328	)			(5,380	)			(9,328	)			(5,380	)
Exploration and evaluation assets			-				-				(47	)			(29	)			(47	)			(29	)
Allowance for obsolete stock			3				13				-				-				3				13
Prepayments			-				-				(10	)			(3	)			(10	)			(3	)
Unrealised foreign exchange			499				530				-				-				499				530
Trade and other payables			989				636				-				-				989				636
Cash-settled share-based payments			-				8				-				-				-				8
Provisions			54				60				-				-				54				60
Other			-				18				-				-				-				18
Tax assets/ (liabilities)			1,545				1,265				(9,385	)			(5,412	)			*(7,840	)			*(4,147	)

Disclosure of movement in recognized in deferred tax assets and liabilities [text block]

		Balance January 1, 2021				Recognised in profit or loss				Foreign exchange movement				Balance December 31, 2021
Property, plant and equipment			(5,380	)			(6,439	)			2,491				(9,328	)
Exploration and evaluation assets			(29	)			(31	)			13				(47	)
Allowance for obsolete stock			13				3				(13	)			3
Prepayments			(3	)			(8	)			1				(10	)
Unrealised foreign exchange			530				344				(375	)			499
Trade and other payables			639				235				115				989
Cash-settled share-based payments			8				(8	)			-				-
Provisions			60				123				(129	)			54
Other			15				(15	)			-				-
Tax (liabilities)/ assets			(4,147	)			(5,796	)			2,103				(7,840	)

		Balance January 1, 2020				Recognised in profit or loss				Foreign exchange movement				Balance December 31, 2020
Property, plant and equipment			(4,117	)			(7,174	)			5,911				(5,380	)
Exploration and evaluation assets			(78	)			(21	)			70				(29	)
Allowance for obsolete stock			22				14				(23	)			13
Prepayments			(4	)			-				1				(3	)
Unrealised foreign exchange			309				742				(521	)			530
Trade and other payables			739				674				(774	)			639
Cash-settled share-based payments			5				3				-				8
Provisions			58				76				(74	)			60
Other			-				15				-				15
Tax (liabilities)/ assets			(3,066	)			(5,671	)			4,590				(4,147	)