2008 Finansiële Jaar - overbergagri

OVERBERG AGRI BEPERK EN SY FILIALE
Aantekeninge tot die finansiële jaarstate (vervolg)
VIR DIE JAAR GEËINDIG 29 FEBRUARIE 2008
1.24 REHABILITASIEKOSTE (vervolg)
koste om die versteuring aan die omgewing soos op balansstaatdatum
te herstel. Die koste voorsien word gekapitaliseer
as deel van mynbates en ooreenkomstig gedepresieer.
Jaarlikse verhogings in voorsienings word gedeel tussen
finansieringskoste verwant aan die verandering in die netto
huidige waarde van die voorsiening, inflasionêre verhogings
in die voorsieningsraming en restourasiekoste verwant aan
die addisionele omgewingsversteuring wat plaasgevind het.
Die geraamde toekomstige rehabilitasielas is as waarborg
verskaf deur Eerste Nasionale Bank aan die Departement
van Minerale en Energie. Dit is moontlik dat die raming
van die rehabilitasielas kan verander as 'n resultaat van
veranderinge in regulasies of ramings van kostes.
1.25 ITEMS VAN 'N KAPITALE AARD
Items van 'n kapitale aard wat in die Inkomstestaat openbaar
word, word afsonderlik openbaar aangesien dit nie geag word
deel van die Groep se handelsbedryfsaktiwiteite te wees nie.
Ingesluit in items van 'n kapitale aard is kapitaalwinste en
verliese gerealiseer op nie-bedryfsbates, waardestygings en/of
waardedalings afgeskryf en/of teruggeskryf op nie-bedryfsbates.
Items van 'n kapitale aard word van handelsbedryfsaktiwiteiteinkomste
en uitgawes uitgesluit aangesien dit syfers verteenwoordig
wat gebruikers se oordeel kan beïnvloed.
1.26 SEKONDÊRE BELASTING OP MAATSKAPPYE
Suid-Afrikaanse inwoner-maatskappye is onderhewig aan 'n
tweeledige belastingstelsel. Eerstens is belasting betaalbaar op
belasbare inkomste en tweedens is belasting betaalbaar op
uitgekeerde inkomstewinste. 'n Maatskappy moet SBM betaal
op dividende verklaar of geagte dividende verklaar (soos
gedefinieer in die Inkomstebelastingwet) aan sy aandeelhouers.
SBM betaalbaar op dividende word erken as inkomstebelastinguitgawe
in die inkomstestaat in die jaar waarin die maatskappy
die betrokke dividende betaalbaar as aanspreeklikheid erken.
Enige dividende ontvang in die betrokke dividendsiklus verminder
die SBM betaalbaar. Indien die dividende verklaar die dividende
ontvang oorskry, is SBM betaalbaar op die netto bedrag teen
die toepaslike SBM-koers. Indien dividende ontvang die dividende
verklaar oorskry, is daar geen SBM betaalbaar nie. Die bedrag
waarmee die dividende ontvang die dividende verklaar oorskry,
word oorgedra na die volgende dividendsiklus as 'n SBM-krediet.
Uitgestelde belastingbates word erken op enige onaangewende
SBM-krediete vir sover dit waarskynlik is dat die Groep
OVERBERG AGRI LIMITED AND ITS SUBSIDIARIES
Notes to the annual financial statements (continued)
FOR THE YEAR ENDED 29 FEBRUARY 2008
1.24 REHABILITATION COSTS (continued)
the disturbance to the environment as at balance sheet
date. The provision is capitalised as part of mining assets
and depreciated accordingly. Annual increases in provisions
are shared between financing costs related to the change
in the net current value of the provision, inflationary
increases in the estimated provision and restoration costs
related to the additional environmental disturbance that
took place.
First National Bank provided the estimated future
rehabilitation liability to the Department of Minerals and
Energy as a guarantee. It is possible that the estimate of
the rehabilitation liability could change as a result of
changes in regulations or cost estimations.
1.25 ITEMS OF A CAPITAL NATURE
Items of a capital nature disclosed in the Income Statement
are disclosed separately as they are not deemed to form
part of the Group's trade operations. Included in items of
a capital nature are capital profits and losses realised on
non-current assets, and increases and/or decreases in value
written down and/or back on non-current assets. Items
of a capital nature are excluded from trade operations'
income and expenditure as they represent figures that
could influence users' judgement.
1.26 SECONDARY TAX ON COMPANIES
South African residential companies are subject to a twopronged
tax system. Firstly, tax is payable on taxable income
and secondly, tax is payable on distributed income profit.
A company has to pay STC on dividends declared or
deemed to have been declared (as defined in the Income
Tax Act) to its shareholders.
STC payable on dividends is recognised as a tax expense
in the income statement in the year in which the company
recognises the relevant dividends payable as a liability. Any
dividends received in the relevant dividend cycle decreases
the STC payable. If the dividends declared exceed the
dividends received, STC is payable on the net amount at
the applicable STC rate. If dividends received exceed the
dividends declared, no STC is payable. The amount by
which the dividends received exceed the dividends declared
is carried over to the following dividend cycle as an STC
credit. Deferred tax assets are recognised on any unutilised
STC credits in so far as it is probable that the Group will
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