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13
DEFERRED TAx ASSET
GROUP
Balance at the beginning of the year 258 258
Movement for the year:
Accelerated capital allowances 32 78
Provisions 24 21
Impairment on trade receivables - (99)
Income received in advance 86 -
CSIR
2011 2010 2011 2010
R’000 R’000 R’000 R’000
400 258
Two subsidiaries in the Group are in assessed loss positions and no deferred tax assets were raised for these assessed
losses due to the uncertainty of the recoverability in future periods in respect of:
- deductible temporary differences, and
- the carry forward of unused tax losses.
Opening balance 4 380 9 604
Assessed tax loss generated/(utilised) for the year 1 764 (5 224)
Assessed tax loss carried forward 6 144 4 380
14
ADVANCES RECEIVED
Advances on contracts received from clients and stakeholders 628 626 493 943 628 626 493 943
Included in advances received is an amount of R116,8 million excluding VAT (2010: R116,8 million excluding VAT)
that relates to the transfer of the building to the Department of Public Works (refer note 6.1).
15
TRADE AND OTHER PAYABLES
Accounts payable and accruals 402 014 305 847 402 879 306 413
Salary related accruals 124 528 139 348 124 003 139 348
526 542 445 195 526 882 445 761
147
ANNUAL FINANCIAL STATEMENTS