Page 58 - SABN AR 2021

10.3 Post-employment remeasurement reserves
Balance at the beginning of the year Defined medical aid obligation Financial assumption (gain)/loss Demographic assumption loss
Group life assurance benefit obligation Financial assumption (gain) Demographic assumption (gain) Balance at the end of the year
11. Deferred tax
Deferred tax liability
Property, plant and equipment Intangible assets Prepayments
Total deferred tax liability
Deferred tax asset
Post-employment benefits
Provisions and staff accruals
Deferred tax balance from temporary differences other than unused tax losses Tax losses available for set-off against future taxable income
Total deferred tax asset
R’000
14 556 27 220
(2 562)
39 214
(242 069) (1 472) (277) (243 818)
51 696 17 771 69 467 40 881
110 348
2021
R’000
39 214
(4 936)
(8 076)
2020
3 140
(587)
(505)
(82)
33 691
(238 616)
(745)
–
(239 361)
57 529
21 739
79 268
5 145
84 413
The deferred tax assets and the deferred tax liability relate to income tax in the same jurisdiction, and the law allows net settlement. Therefore, they have been offset in the statement of financial position as follows:
Deferred tax liability
Deferred tax asset
Total net deferred tax liability
Reconciliation of deferred tax assets/(liability)
At beginning of the year
Increases/(decrease) in tax loss available for set-off against future taxable income Tax losses
Taxable/(deductible) temporary difference movement
Property, plant and equipment
Intangible assets
Prepayments
Post-employment benefits
Provisions and staff accruals
Charged to other comprehensive income
Post-employment benefit obligation
Balance at the end of the year
(243 818) 110 348 (133 470)
(82 527)
(61 102) 19 748
(9 589) (133 470)
(239 361)
84 413
(154 948)
(133 470)
(35 733)
12 107
3 453
727
(277)
4 236
3 968
2 148
(154 948)
58
South African Bank Note Company (RF) Proprietary Limited
26 125 1 095
(2 516) (46)
Annual Report 2021
12 513 354 352 4 021 2 508